TMW Systems has introduced TMW Engage.Bid, a web-based business management application that enables carriers, brokers and third-party logistics (3PL) providers to streamline the freight bidding process. The application, according to TMW Systems, allows users to save time and labor, improve accuracy and leverage pricing intelligence to increase their success in winning business.
According to the company, TMW Engage.Bid can simplify the conversion and analysis of shipper RFP documents. Users can then apply critical pricing intelligence—including the TMW Market Rate Index (MRI)—to more quickly assess each opportunity and develop bids that are consistent with their businesses’ competitive strategies and cost structures. The application can replace the multiple spreadsheets, emails, paperwork and other manual processes that have long dominated bid assessment and pricing, the company said.
“Bid management can be an extremely complex and labor intensive process, and yet it is becoming increasingly important to the success of transportation companies of all sizes,” said David Wangler, president of TMW Systems. “This powerful new application offers the productivity tools needed to dramatically speed this process and provides industry-leading pricing intelligence that can enable our customers to more effectively compete to win business.”
TMW Engage.Bid tracks the status of open bids and indexes and stores current and historical bid data in searchable form. This helps ease workflow constraints and enables multiple users within an organization to collaborate in structuring bids.
As a web-based solution, TMW Engage.Bid is available for use by virtually any carrier, broker or 3PL with high-speed internet connectivity.