IBM Support

Benefits of Using Contract Management

Question & Answer


Question

Benefits of Using Contract Management

Answer

Benefits of Using Contract Management

One of the challenges presented to shippers is ensuring shipmentsare tendered to the correct carriers at the best rate. Contract Managementin Sterling TMS offersthe following advantages:

  • Store contract information: You can viewall the contracts and accessorials that your Sterling TMS shipper administratordefined. For example you can compare rates between carriers or analyzemultiple contracts for the same carrier. You can also compare yourcarrier contract rates to the target shipping rates your administratordefined in the base rate contract.
  • Manage contract changes: Your organizationand carriers can use the Sterling TMS proposal processto submit counter and approve contract changes. The proposal processprovides a detailed history of your rate changes.
  • Manage shipment tendering strategies: Youcan use the Route Guide Inquiry feature to analyze the electronicRoute Guide that your administrator set up to manage your shipmenttendering process. You can run inquiries and then fine-tune your tenderingstrategies and route guide rules to provide optimal carrier selection.
"

[{"Business Unit":{"code":"BU055","label":"Cognitive Applications"},"Product":{"code":"SS73G6","label":"Sterling Total Payments for Financial Services"},"Component":"","Platform":[{"code":"PF025","label":"Platform Independent"}],"Version":"All Versions","Edition":"","Line of Business":{"code":"","label":""}}]

Document Information

Modified date:
08 December 2018

UID

ibm10752763