As better market information and transparency inform logistics procurement, wasteful and inefficient request-for-proposal (RFP) processes are coming under pressure and in many cases being entirely reconceived.
It takes a long time to complete an annual RFP process — four months on average — and market conditions render the agreed-upon rates obsolete about six months after that in a typical year. Truckload carriers bid aggressively on underpriced freight to maintain asset utilization, knowing...
https://s29755.pcdn.co/news/rethinking-freight-procurement-and-the-rfp-process