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Utilizing Matrices for Automated Pricing in Accur8 TMS
Accur8 TMS’s Matrices feature is a powerful tool designed to automate and streamline the pricing process across various aspects of the transportation and logistics industry. By setting up matrices for load pricing, commodities, and fuel surcharges, you can ensure accurate and consistent pricing, significantly reducing manual calculation errors and saving valuable time.
Understanding the Matrices
Load Pricing Matrix
Setup: Begin by naming your matrix and selecting a payment method (e.g., flat, per mile, per piece, per volume, per weight). Next, choose a matrix type (zip to zip or zone to zone), add any notes, and start inputting values. For a flat rate, specify start and ending zip codes along with a base rate. For other payment methods, input low and high values together with the base rate.
Utility: Automates the process of calculating load pricing based on specific criteria, making it easy to generate quotes and bill clients accurately.
Commodity Pricing Matrix
Similar to the Load Pricing Matrix, but specifically applies to commodities. After naming the matrix and selecting the payment method and matrix type, you’re able to assign specific commodities to this matrix.
Useful for businesses that transport a variety of commodities, allowing for tailored pricing strategies based on the type of goods being shipped.
Fuel Surcharge Matrix
Setup: Define the matrix by naming it and choosing ‘table’ as the matrix type. Specify a minimum and maximum price, along with a surcharge per mile value. You have the option to add entries manually one by one, or generate a matrix specifying the number of entries, starting price, price difference, and surcharge per mile increment.
Utility: Helps manage the fluctuating costs of fuel, ensuring that surcharges are applied fairly and consistently based on current fuel prices.
Benefits of Using Matrices
Matrices provide a robust framework for automated pricing and quoting within the Accur8 TMS.
By leveraging these tools, you can:
- Ensure consistency and accuracy in your pricing models.
- Save time by reducing the need for manual calculations.
- Respond quickly to market changes, especially with fuel prices.
- Improve customer satisfaction with transparent and fair pricing.
Conclusion
The Matrices feature in Accur8 TMS is essential for any logistics and transportation business looking to automate their pricing strategies. By understanding and utilizing these matrices effectively, you can streamline your operations, enhance pricing accuracy, and maintain competitive edge.
Support
For further assistance with setting up and using matrices or any other features within Accur8 TMS, please reach out to our customer support team at support@accur8.services.