Why Implement an International Transportation Management System (ITMS)?
An International Transportation Management System (ITMS) can transform your logistics operations by streamlining processes, providing real-time visibility, and offering data-driven insights to support contract negotiations and RFP strategies.
Key Features of a High-Performing ITMS
A good ITMS should include:
• Global Visibility – Real-time tracking and monitoring of shipments worldwide.
• Automated Booking & Routing – Streamlined processes to reduce manual errors and improve efficiency.
• Document Management – Electronic storage of key shipping documents (e.g., bills of lading, commercial invoices).
• Carrier Management – Oversight of carrier contracts, rates, and performance.
• Freight Audit & Payment – Automated freight auditing to reduce billing errors and increase efficiency.
• Advanced Analytics & Reporting – Insights into shipping operations, costs, and performance.
Beyond these core elements, a high-quality ITMS may also offer:
• Analytics platforms (e.g., Power BI, QlikView, Tableau)
• Freight payment, invoice processing, and pre-audit support
• RFP rate/fee platforms for smarter contract negotiations
How an ITMS Supports Contract Negotiations & RFP Strategies
A well-implemented ITMS empowers you with data—critical for running a successful RFP. To negotiate effectively, you must "know your numbers," including:
📦 Shipment volumes
🚢 TEUs & container types
💲 Spending trends
⚓ Key ports & port pairs
📊 Seasonal shipping peaks & dips
With an ITMS, you’ll have performance metrics for each carrier and forwarder, ensuring you negotiate competitive contracts, optimize your logistics operations, reduce costs, and drive business success.
Optimize Your Supply Chain with WOWL
Looking to gain better control over your international shipping? WOWL provides cutting-edge ITMS solutionsthat offer real-time visibility, data-driven insights, and seamless logistics management.
Contact WOWL today and take your supply chain to the next level!