Now straight off the bat, you\u2019ll be thinking that the above looks a little strange. How on earth could the biggest cricketing tournament in the world helps reduce my freight charges?<\/p>\n\n\n\n
Well, as the teams are about to break for drinks, let\u2019s read on, to find out how.<\/p>\n\n\n\n
First, let\u2019s set the field.<\/p>\n\n\n\n
You\u2019re a company that has a large percentage of the export-oriented business. Whether you send goods by sea or air, it\u2019s crucially important to your bottom line that you negotiate the very best rate for each and every shipment.<\/p>\n\n\n\n
Traditionally, the only way to do this was to issue an RFQ to your preferred vendors, roll-up your sleeves, and then start negotiating. Today though, there\u2019s another way.<\/p>\n\n\n\n
Ok, let\u2019s pause here and head back to the ICC World Cup.<\/p>\n\n\n\n
Now, imagine your freight forwarders are the teams in the tournament. These guys are the very best in the business; they\u2019re pros, at the top of their game. For years, they\u2019ve been practicing and refining their craft to produce their best performance for this very moment. Although they play the same game, each team is clearly distinct from the other. They each possess unique qualities and strengths, from India\u2019s majestic King Kohli to the powerhouse of Warner or the all-round ability of Stokes, and have different approaches and techniques.<\/p>\n\n\n\n
But when it matters most, who\u2019s going to deliver?<\/p>\n\n\n\n
Predicting the winning team before the start of the tournament is an extremely difficult task. Sure, you could take a bet and choose one, but your decision would be based more on gut feel or who your favorite team is rather than anything more scientific.<\/p>\n\n\n\n
But why bother? Instead \u2013 and to\u00a0100%<\/em>\u00a0guarantee that you find out who is the best \u2013 all you need do is a wait to see who wins. Each team will compete against each other throughout the tournament so by the end of day\u2019s play on the 14th July, the whole world will be able to see who lifts the trophy at Lord\u2019s.<\/p>\n\n\n\n Now, how great would it be if you could use this same process to discover the very best freight RFQ vendor quotation<\/a>? Well, by combining technology and the strategy of compounded negotiation, with\u00a0GoComet\u2019s logistics resource management (LRM) platform, now you can.<\/p>\n\n\n\n Here\u2019s how it works.<\/p>\n\n\n\n The system then deploys psychology, tapping into the competitive nature of each vendor to have them compete amongst themselves to be ranked No.1. Just as the teams in the ICC World Cup battle it out to lift the hallowed trophy on the 14th of July, if your vendors want to ensure they are ranked highly at the end of the bidding process in order to have the greatest chance of winning your business, they\u2019d better improve on their quote. \u00a0<\/p>\n\n\n\n This process repeats until the end of the bidding period, squeezing and squeezing quotations until you, as the buyer, can view the best possible offers.<\/p>\n\n\n\n As opposed to the traditional, labor-intensive practice of\u00a0simple negotiation where your team struggles to separately contact each and every freight RFQ vendor to ask for, and then haggle on, a quotation,\u00a0compounded negotiation\u00a0ensures that vendors compete amongst themselves. As a buyer, all you have to do is post your RFQ and then get back to watching the cricket \u2013 or other important work matters! \ud83d\ude42<\/p>\n\n\n\n An additional benefit to this process is its\u00a0transparency,<\/em>\u00a0by ensuring each vendor is competing against every other vendor on a level playing field. At the end of the bidding process, you also have the discretion to select whichever vendor you prefer, regardless of their rank.<\/p>\n\n\n\n Of course, when the final standings are decided, factors other than the price might well influence your ultimate selection of your vendor \u2013 for example, even though a team might lose in the final, perhaps their stellar previous performances act to persuade you that they will be your chosen pick.\u00a0GoComet<\/strong>\u2019s platform allows you this flexibility and by requiring a note to be inputted as to the rationale, simplifies future audit reporting.<\/p>\n\n\n\n GoComet<\/a><\/strong>\u00a0is trusted by some of the largest companies in the world and we save our clients<\/a> between 8-15% of their freight costs. And that\u2019s just one part of our LRM suite of services: we also provide a single source of truth for all of your shipment tracking and tracing<\/a> in real-time, whoever the freight forwarder, as well as automated audit trails, EXIM<\/a> analytics, and freight rates benchmarking<\/a> for the world\u2019s major ports.<\/p>\n\n\n\n So, whoever your favorite team might be at the ICC World Cup, use\u00a0GoComet<\/strong><\/a>\u00a0to ensure that you always catch the very best deals for your freight RFQs.<\/p>\n\n\n\n Catch like Stokes, with\u00a0GoComet.<\/a><\/strong> Now straight off the bat, you\u2019ll be thinking that the above looks a little strange. How on earth could the biggest cricketing tournament in the world helps reduce my freight charges? Well, as the teams are about to break for drinks, let\u2019s read on, to find out how. First, let\u2019s set the field. You\u2019re a…<\/p>\n","protected":false},"author":14,"featured_media":814,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[832],"tags":[232],"class_list":["post-57","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-intelligence","tag-freight-rfq"],"tag_names":["Freight RFQ"],"category_names":[],"_links":{"self":[{"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/posts\/57","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/comments?post=57"}],"version-history":[{"count":0,"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/posts\/57\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/media\/814"}],"wp:attachment":[{"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/media?parent=57"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/categories?post=57"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gocomet.com\/blog\/wp-json\/wp\/v2\/tags?post=57"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Upon receiving the freight RFQ, vendors submit their quotes and are then immediately shown their ranking compared to their competitors in the bidding process. Crucially, however, no vendor sees the amounts of the competing tenders, only their position.<\/h2>\n\n\n\n
Also check out our Freight Index<\/a> and Sailing Schedule<\/a> modules.<\/p>\n","protected":false},"excerpt":{"rendered":"