Volatile sea freight markets set the tone here, with prices often fluctuating rapidly. So how do you assess offers at the end of a sea freight tendering process? Just where in the market are the prices you've received?
The TICONTRACT tender benchmark function has all answers. Tender benchmark incorporates real-time benchmarking data from the TIM CONSULT database into the TICONTRACT Analysis module. This combination results in a comprehensive pool of market prices, received offer prices and basic prices right when they are needed most: just before contract negotiations begin.
Sea freight markets are dominated by a volatile environment
High price deviations between shippers on the same lane at the same time are common
Intransparent markets with not always understandable massive price changes make things difficult to predict
Does it make sense to compare the result of a current tender with existing rates which are probably 6 months or even 1 year old?
Is what I received as offers in my current tender in the field of sea freight really in line with the market environment?
Where in the current market are those offers allocated? Are they average ore even Best-in-Class?
What has been the sea freight market development and the market trend since the last tender?
Integration of real-time sea freight benchmarking data coming from the TIM CONSULT database into the analysis module of the TICONTRACT Tendering platform. This combination delivers the perfect bundeling of all relevant market and company information at the perfect point in time: right before the start of the contract negotiations with your carriers. With this package you will be prepared for your meetings perfectly.
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Definition of tender structure
Analysis of sea freight benchmarking coverage within the tender
Data cleaning and data preparation
Integration of live-rates at the end of tender in the analysis module of TICONTRACT