Freight Audit Solutions Market Scope
Freight audits are an important part of cost control in the supply chain. Freight audit solutions improve freight payment systems while also lowering the administrative and operational costs of manual freight intervention. Contract optimization services are provided by freight audit solution firms in order to deliver solutions at the lowest possible cost. A freight audit solution is a business process that involves inspecting, adjusting, and verifying a company's freight bills to ensure accuracy. Sorting bills, auditing and approving bills, receiving and opening mail, and paying and assigning a general ledger code are just a few of the time-consuming duties that freight audit solutions aid with.The global freight audit solutions market is expected to be driven by an increase in the demand for effective management systems in the transportation and logistics industry. Rate update processes, freight cost allocation, data and reporting collection, carrier communication, audit analysis, carrier usage analysis, transportation management systems (TMS), and other services are all provided by freight audit solutions (site analysis, lane analysis and distribution modeling etc.). The global freight audit solutions market is predicted to grow as a result of these factors.
The Freight Audit Solutions market study is segmented by Type (Planning (Supplier and Vendor Management, Freight Order Management, Revenue Management, Dispatch Management, ), Claims Management and Control and Monitoring (Freight Tracking and Monitoring Solution, Cargo Routing and Scheduling Solution, Cargo Security)), by Application (Electronic Data Interchange, Load Optimization, Brokerage Operational Management, Freight Visibility, Freight Audit and Payment and Transportation Management System) and major geographies with country level break-up.
Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Freight Audit Solutions market throughout the predicted period.
Haven (United Kingdom), enVista (United States), Descartes (Canada), Oracle (United States), Werner Enterprises (United States), MercuryGate(United States), SAP (Germany), JDA Software (United States), Ceva Logistics (Spain), UPS (United States) and DB Schenker (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are C.H. Robinson TMC (United States), Riege Software (Germany), Retrans(United States) and BluJay Solutions (United Kingdom).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Freight Audit Solutions market by Type, Application and Region.
On the basis of geography, the market of Freight Audit Solutions has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
June 2020- Haven, the provider of bespoke end-to-end transportation management solutions (TMS) to the freight industry is launching their signature Freight Invoice Audit Platform (FIAP) that will enable error-free invoices in ocean freight. These invoices are often wrong due to incorrect surcharges billed, rate fluctuations, rate of exchange variations, and changing port pairs. and October 2020- enVista Announces Launch of the Premier Freight Audit and Payment RFP Providing a Comprehensive Evaluation and Guide to Choosing the Right Audit and Transportation Spend Management Solution for Your Business
- Rapidly Growing Communication Technologies and IoT
- Rapidly Increasing Global Trade and the Need to Control the Time-In-Transit
- Increased Supply Chain Visibility
- Emergence of Advanced Solutions in Cargo Security, Safety, and Transportation
- Autonomous Trucking and Smart Freight Transport
- Expansion in the Retail and E-Commerce Industry in Emerging Countries
- Blockchain in Freight Management
Key Target AudienceSoftware Developers, Online retailers, IT enablers, Database solutions, Cloud providers, Logistics and Transportation Companies and Others
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Freight Audit Solutions Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.