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Pando has been recognized by Gartner in the 2024 International Context of Magic Quadrant for Transportation Management Systems. Read more >

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Discover Autonomous Freight Procurement with AI Agents

Optimize 3-5% cost and realize 90% productivity gains across RFQ to contracting.

AI Agents for your Freight Procure-to-pay Lifecycle
Mercury Maine
Pernod Ricard
IPG
Viking
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Ashirvad Pipes
Perfetti Van Melle
Accuride Corp
Bajaj Auto
Danaher Group
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Marico
General Mills
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SRF Chemicals
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Britannia
Honda
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Johnson And Johnson
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RobertShaw

Experience the Pando Advantage

AI/ML Powered

Get recommendations around carrier selection, intelligent counter bids, scenario analysis, optimal RFQ cycle, & more

Pando Live Support

Guaranteed live-support during procurement events to ensure smooth execution & zero downtime.

Industry Best Practices

Unlock pre-populated industry templates with best practices to automate RFQ process.

Compliant & Transparent

Access time-stamped, user-tracked data logs for all transactions across RFQ to contracting cycle.

Intuitive & Guided

Frictionless user experience with carriers to collaborate on bidding, negotiations & award management.

Data-driven Decisions

Leverage advanced analytics and actionable insights to drive intelligent decisions that can save $$$.

Freight Procurement augmented with AI Agents

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Automate RFQ Creation

Automate RFQ Creation

Automate your freight-centric RFQs with pre-bid intelligence to simplify the bidding process & enhance productivity.

Automate RFQ Creation

Be it spot or contract buys, the current RFQ process is so manually intensive and complex across a spectrum of services (Ocean, Air, Parcel, etc.) with my generic procurement tool which is not freight-centric.

Leverage Pre-bid intelligence across lanes to automate your RFQ process with pre-configured RFQ templates based on historical patterns. You can also execute your RFQ through automated workflows across multiple activities including lane configuration, event scheduling, vendor selection based on lanes, etc driving superior productivity and autonomizing the RFQ process seamlessly.

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Intelligent Bid Analysis & Negotiations

Intelligent Bid Analysis & Negotiations

Detect anomalies, benchmark rates, leverage counterbids, and collaborate seamlessly with carriers with AI-driven insights & recommendations.

Intelligent Bid Analysis & Negotiations

The bid analysis and negotiation process is sub-optimal as I do not have access to market intelligence around rate benchmarks or carrier performance. Also, the bid analysis is complex given the accessorial charges differ by service!

With AI-powered anomaly detection, validate all carrier bids for outliers and automatically reject invalid bids. With market intelligence around freight rate benchmarking and carrier performance scorecards, leverage counter-bid recommendations to negotiate better and identify the best carrier pool against your lanes. Collaborate with your carriers around the procurement event in real time for faster execution.

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Integrated Contract & Rate Management

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Integrated Contract & Rate Management

Digitalize and manage your freight contracts & accessorial charges seamlessly. Track rate changes and renew expiring lanes with a configurable Rate Manager.

Integrated Contract & Rate Management

My freight contracts are stored as documents and are siloed. The rates & charges contracted are not integrated into my generic procurement tool. I am unable to keep tabs on rate updates or renew expiring lanes.

Post-procurement event, all your contracts and rates are digitized in a structured format with an audit trail on any rate changes through a configurable rate manager. Pando helps you to manage your complex accessorial charges effortlessly and you can leverage a simple low code/ no code option to manage your accessorial charges definition and calculations against your freight contracts.

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Autonomous Spot Procurement

Autonomous Spot Procurement

Automate spot procurement & respond to market demand instantly with seamless integration to the order management platform.

Autonomous Spot Procurement

Given freight rate volatility, the frequency of sourcing events has increased! As my ERP/Order Management System is disconnected from my generic procurement tool, I am unable to respond to any spike in demand or freight rate changes to initiate spot buys quickly.

With integration into the ERP/Order Management system, you can automate your spot procurement with automated workflows leveraging pre-configured RFQ templates to quickly place your request in the market. You can leverage favourable market rates or respond to any expedited dispatch requests in a jiffy.

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Freight Sourcing Insights

Freight Sourcing Insights

Empower your freight sourcing strategy with AI-driven insights to optimize bids, select the right carriers, and drive cost savings.

Freight Sourcing Insights

My generic procurement tool neither offers insights into my freight spend nor any historical bid data available to help in building a data-driven lane-level strategy. This impacts my decisions around spot vs long term commit, expanding my carrier pool or negotiating effectively on current bids.

Get a bird’s eye view of freight sourcing across multiple dimensions – by procurement event, by freight charges, by lanes or carriers to derive direct cost savings. You can also leverage AI/ML capabilities to determine optimal RFQ cycle, spot vs long term, identify bid inconsistencies across similar shipments & leverage dashboards around rate progression, lane-wise analytics, and carrier-wise performance to drive data-driven decisions in your procurement cycle.

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Sustainable Freight Sourcing

Sustainable Freight Sourcing

Seamlessly embed sustainability metrics into RFQ to contracting process & improve your sustainability goals.

Sustainable Freight Sourcing

There is a significant mandate to scale on sustainability practices and it starts from a pool of sustainability-focused carriers. Given limitations in tools we have, I am not able to factor in sustainability metrics like emissions, fuel efficiency, sustainability certifications etc.

With Pando, you have access to emission analytics & sustainability across your carriers through integration to their sustainability-related data. You can easily configure these metrics as part of every stage in your RFQ to contracting process to help you onboard more sustainability focused carriers to improve your sustainability goals.

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Skotti Fietsam, SVP of Global Supply Chain

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Congratulations to Pando for making their debut in the Gartner TMS Magic Quadrant! Our partnership with Pando has accelerated our visibility on ocean freight and improved rate management. Pando has helped us realize significant cost savings, deliver superior customer experience, and collaborate with our ecosystem partners seamlessly to build an agile supply chain. Pando gives us a competitive advantage in the marketplace!

Skotti Fietsam, SVP of Global Supply Chain

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Mayank Pandey, Wholetime Director of Supply Chain

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Glad to witness Pando's recognition by Gartner! Through their integration of advanced AI technology, logistics expertise, and top-tier talent, Pando has become a key partner for us. Their solutions streamline our freight procurement to payment processes, driving meaningful changes in our supply chain toward greater agility and sustainability. Congratulations to Pando for their well-deserved recognition!

Mayank Pandey, Wholetime Director of Supply Chain

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Neha Parekh, Director of Supply Chain

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Congratulations to Pando on the well-deserved Gartner recognition! We needed a unified platform to collaborate with our vendors seamlessly, derive intelligence from our network, plug into our evolving IT landscape, scale with our business, and provide rapid value realization and Pando checked all our boxes. We're proud to be a Pando customer!

Neha Parekh, Director of Supply Chain

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Christopher Held, Chief Supply Chain Officer

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Pando's platform provides the end-to-end freight spend visibility, real-time analytics, predictive intelligence and collaborative automation through its AI tools, to optimize our logistics operations. These AI tools complement our supply chain team, so they are able to do more and have a greater impact than before!

Christopher Held, Chief Supply Chain Officer

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gartner-img Pando named a Leader by G2 in the Grid® Report Fall 2024 (2)

Recommended by global consulting & technology majors

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Discover autonomous logistics with AI agents. Speak to our experts today!

We have compiled a few FAQs to help you understand and discover more about the significance of freight procurement.

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What is freight procurement and why is it important for shippers? faq-chevron
Freight procurement is the process of sourcing and securing the most cost-effective transportation options for shippers, whether it's ocean freight, air freight, or road freight. It plays a crucial role in logistics operations, enabling shippers to negotiate better rates, build stronger carrier relationships, and make data-backed procurement decisions. Without a structured freight procurement strategy, shippers face challenges such as complex pricing structures, manual processes, and difficulties in handling large volumes of data. By optimizing freight procurement, shippers can achieve greater cost efficiency, enhance negotiation power, and streamline their logistics operations, ultimately improving their overall supply chain performance.
What are the essential features of a freight procurement solution? faq-chevron
The essential features of a robust freight procurement solution include a freight-centric RFQ process, enabling you to source carriers more effectively. Benchmark rate data provides valuable insights to guide your negotiations, while the ability to receive and evaluate carrier counterbids empowers you to secure the most competitive rates. Advanced contract and rate management capabilities streamline the process, ensuring seamless integration with your Transportation Management System. Crucially, the solution should support sustainable freight sourcing, allowing you to prioritize eco-friendly carriers and track emissions data - a key consideration in today's logistics landscape. These features work together to optimize freight procurement, driving cost savings and environmental sustainability.
What role does AI play in freight procurement? faq-chevron
AI plays a transformative role in freight procurement, streamlining the process for shippers. By leveraging historical carrier performance data, AI algorithms can optimize carrier selection, ensuring reliable and cost-effective transportation services. AI-powered rate benchmarking capabilities allow shippers to make informed decisions, negotiating competitive rates. Scenario planning with multiple dimensions, such as share of business allocation, empowers shippers to evaluate various sourcing strategies. AI-generated intelligent counter bids and the ability to forecast spot vs. contract rates further enhance the freight procurement process. This AI-driven approach enables shippers to minimize costs, mitigate risks, and maintain a resilient supply chain in an ever-evolving logistics landscape.
What are the risks of using generic procurement tools for freight procurement? faq-chevron
Using generic procurement tools for freight management can introduce significant risks. These tools often lack the specialized features required for efficient freight procurement, leading to inefficient and error-prone processes. Businesses may miss out on opportunities for cost optimization, as generic platforms lack the freight-specific automation needed to create accurate RFQs. The inability to perform scenario planning hinders strategic decision-making, while disconnected contract and rate management can result in missed savings and compliance issues. Freight procurement systems, on the other hand, are designed to address these challenges, providing comprehensive automation, analytics, and optimization capabilities tailored to the unique needs of logistics and supply chain operations.
What is an ideal freight procurement ecosystem that I can integrate with? faq-chevron
The ideal freight procurement ecosystem includes ERP systems for financial management, procurement tools for business spend management, BI tools for data-driven insights, and TMS systems for comprehensive logistics planning and execution. By connecting these components, you can create a streamlined, end-to-end freight management solution. Integrating directly with carrier systems further enhances visibility and control, allowing you to compare rates, monitor shipments, and optimize carrier selection in real-time. This interconnected approach empowers you to make informed decisions, reduce costs, and improve overall supply chain efficiency. Investing in an integrated Freight Procurement ecosystem positions your business for success in today's competitive logistics landscape.