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Step-by-Step Guide to Traqo's Reverse Auction in Logistics

Mukesh Deogune

• 2 min read
Step-by-Step Guide to Traqo's Reverse Auction in Logistics
  1. Access Traqo's Spot Auctions Module: Navigate to the Spot Auctions module on the Traqo platform.
  2. Create a Freight Procurement Request:
  • Click on the "Create Auction" option.
  • Fill in the necessary details for your freight procurement.
  • Submit the request.

3. Inform Your Vendors:

  • Once the procurement request is created, you can instantly inform your vendors about the new request via WhatsApp.
  • This ensures quick communication and allows vendors to start bidding immediately.

4. Receive Bids from Vendors:

  • Vendors will send their bids via WhatsApp.
  • All bids are collected and organized within the Traqo platform for easy comparison.

5. View All Vendor Bids:

  • Navigate to the "Auction Dashboard" to view all the bids from different vendors in one consolidated view.
  • Compare the bids to make an informed decision.

6. Select the Winning Bid:

  • Based on your requirements and the bids received, select the most suitable bid.
  • The platform provides insights into auction milestones and the winning bids.

7. Allocate Indent or Business to Vendor:

  • Once the winning bid is selected, you can allocate the indent or business to the chosen vendor directly from the same page.

8. Digital Transformation:

  • Traqo's Spot Auctions module digitizes the entire freight procurement process, eliminating manual errors and streamlining logistics operations.

9. Instant Communication:

  • Stay connected with your vendors through WhatsApp integration, ensuring real-time updates and efficient communication throughout the auction process.

10. Review and Analysis:

  • After the auction is completed, review the entire process, analyze the bids, and gather insights for future auctions.

FAQs:

What is the freight procurement process?

  • Freight procurement involves securing transportation capacity for cargo. This can be done through various methods, including long-term contracts, spot rates, and digital platforms like Traqo.

How do you tender freight?

  • Freight tendering involves sending out a request for proposal (RFP) to various carriers or service providers. Platforms like Traqo simplify this process by digitizing it and providing a centralized platform for communication and bid comparison.

What is freight sourcing?

  • Freight sourcing is the process of identifying and securing transportation services for goods. This can involve negotiating rates, establishing contracts, and ensuring timely and efficient delivery.

What is the meaning of Freightender?

  • Freightender is a platform or tool used in the logistics industry to facilitate the freight tendering process. It aids businesses in finding the best rates and services for their transportation needs.

This step-by-step guide is based on the information provided from Traqo's official wiki. Always refer to the official documentation for the most accurate and up-to-date information.