Rygen Technologies is a premier supply chain technology provider, that enables any company to quickly, easily, and efficiently execute and manage freight, connect with partners, and unlock data insights for their supply chain. With emphasis on advanced technology and exceptional customer service, Rygen is fueling the creation of smarter, data-driven solutions that deliver real value and solve real business problems.
Like many industries, the freight market has its ups and downs. However, the past couple of years have been particularly challenging for carriers. The combination of higher operating costs and soft freight demand likely contributed to 88,000 trucking companies and 8,000 freight brokerages going out of business in 2023.
In the current freight market, carrier management can be time-consuming and complex. Annual bids are no longer sufficient to select carriers, and companies must be able to switch providers, modes, and routes efficiently.
Investing in a cutting-edge Transportation Management System (TMS) can empower supply chain managers to streamline every aspect of carrier management, from sourcing to freight bill payment. Regardless of freight market conditions, supply chain managers save time and resources using a TMS for carrier management.
Sourcing
A TMS powered by Artificial Intelligence (AI) can determine the best carriers for a company, factoring in their service requirements, common lanes, target cost, and any other parameters the user would like to consider. Rather than taking weeks or months of manual searches and email communications with potential carriers, sourcing can be done in days!
Onboarding
Onboarding selected carriers becomes seamless with advanced TMS technology. The ease of adding or removing carriers allows supply chain managers the flexibility to make quick changes without whole operations being impacted.
Performance Management
Maintain the information needed to ensure that carriers comply with all regulatory requirements. With an advanced TMS, it becomes easy to monitor carrier performance based on the supply chain manager’s needs, whether it’s viewing the performance of specific carriers, or monitoring on-time service for a major customer.
Fluctuations are to be expected in any industry. A state-of-the-art TMS makes it possible for supply chain managers to stay up to date on all market changes while making informed decisions that save their customers time and money.
