Tender Strategies

A tender strategy is a “Trigger-then-Price” policy which can be applied to any load or bundle of loads. It defines when to make new offers to one or multiple carriers (i.e. the trigger) and how to set the price of those offers (i.e. pricing tactics). The policy covers the full tendering behaviour, from first offer through to the last moment when a spot offer can still be made, and includes how to react to rejections or bids for higher payment by a carrier.

TNX creates many strategies, noth automatically and with expert input. In real time the software selects one to use for each load or bundle. The goal is to discover spot capacity faster and more cost effectively. So the strategies are judged primarily on their likelihood to save money, achieve a match, and the speed of matching.

Learn about our AI pipeline for new strategies here.

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