SourceTAMEDASH

Procurement Engine

Multiple components to launch Road Freight Marketplace

Procurement management is featured to encompass the evaluation, selection, and creation of contractual agreements as well as managing the company’s ongoing supplier relationships. The process includes the transactional purchasing of goods and services and integrates with the accounts payable to complete the source-to-settle cycle by providing supporting documents to help with the processing of supplier invoices for payment.

Fero

Lane tender

RFQ-0027 · GCC lanes · June contracts

Lanes open

4

Bids received

18

Awarded

0

Avg. vs benchmark

—

LaneBenchmarkAwardedVarianceStatus
Jebel Ali → RiyadhLN-0041 · 40ft flatbed · 5 bids4,200Pending—Bids closed
KEZAD → DammamLN-0042 · Curtain side · 4 bids4,650Pending—Bids closed
Jebel Ali → MussafahLN-0043 · 40ft flatbed · 6 bids950Pending—Bids closed
Sharjah → MuscatLN-0044 · Reefer 40ft · 3 bids3,100Pending—Bids closed
DIC → Al AinLN-0038 · Box truck · 5 bids780760 VND-009−2.6%Contracted
Abu Dhabi → DohaLN-0039 · Curtain side · 4 bids3,9003,960 VND-031+1.5%Contracted

Key features

What Procurement Engine gives your team.

    • LaneSharjah → Muscat
    • VehicleReefer 40ft
    • Volume12 loads / week
    • Start1 June
    2–5 °CGCC transit docsTail lift

    Support operational requirements

    Tenders are built around what the operation needs: lane, vehicle, volume and handling.

  • BelowBenchmarkAbove
    • Jebel Ali → Riyadh−3.6%
    • KEZAD → Dammam+2.8%
    • Jebel Ali → Mussafah−4.2%
    • Sharjah → Muscat−2.6%
    • Abu Dhabi → Doha+1.5%

    Detailed analytics on pricing variance per route

    See how each route's rates compare with its benchmark, lane by lane.

    1. RFQ6 lanes
    2. Bids27
    3. Award6 vendors
    4. ContractSigned
    5. InvoiceMatched
    6. PayableReleased

    Approved

    34 vendors

    In review

    5 vendors

    Docs expiring

    2

    Efficient management of procurement process & supply base

    Evaluation, selection, contracts and supplier invoices run in one flow, from source to settle.

  • VND-014

    6 lanes · partner since 2023

    • On-time delivery96%
    • Bid response88%
    • Document compliance100%

    Develop strong relationships

    Each supplier's record is tracked over time, so ongoing relationships are managed on facts.

Key benefits

Why teams switch it on.

  • Increased certainty and quality

    Suppliers are evaluated and selected against the same criteria every time.

  • Cost control

    Every rate is compared with its route's benchmark before it is awarded.

  • Reduced risk

    Contracts and supporting documents are in place before a supplier invoice is paid.

Also in source

Procure carriers on rate and performance rather than habit, and run the whole vendor and marketplace relationship in one place.

Bring us one lane. We will show you the difference on your own numbers.

A week of your orders, rates or invoices, run through Fero with your contracts and your carriers.