Global Freight Payment Market - Procurement Intelligence Report

Global Freight Payment Market - Procurement Intelligence Report

  • July 2019 •
  • 123 pages •
  • Report ID: 5806161 •
  • Format: PDF
About Freight Payment Services Market
Freight payment services refer to a set of processes and procedures that help optimize account payable services for logistics and transportation service providers. Freight payment service providers act as intermediaries between shippers and carriers to ensure payment accuracy and timeliness of documentation between clients (bill of lading) and carriers (freight bill). The spend momentum of this market will be attributed to the practice of outsourcing freight payment services by end-user industries to obtain services at better freight rates and manage multiple freight payments. Lack of in-house expertise to execute such functions are further compelling buyers to outsource these functions to service providers that have the requisite skills and resources.

Covered in this report
The report provides actionable insights to improve source-to-contract cycle performance in the Global Freight Payment Services Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.

This report, Global Freight Payment Services Market, provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.

Category driver
• Improving IT capabilities of category service providers
• For a full, detailed list, view our report
Category management strategy
• Engaging with service providers based on the level of technology adopted in their operations.
• For a full, detailed list, view our report

Procurement best practices
• Minimize the use of generic e-invoicing platforms
• For a full, detailed list, view our report

Key questions answered in this report
• What are the market dynamics?
• What are the key market trends?
• What are the category growth drivers?
• What are the constraints on category growth?
• Who are the suppliers in this market?
• What are the demand-supply shifts?
• What are the major category requirements?
• What are the procurement best practices in this market?

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