Banyan Technology released its new RFP Tool, which enables shippers and 3PLs to streamline carrier sourcing, centralize RFP management and make more data-driven freight procurement decisions across truckload, LTL and parcel.
“Carrier sourcing should be connected to the same intelligence that powers execution,” says Brian Smith, CEO of Banyan Technology. “By embedding the RFP process directly into our LIVE Connect ecosystem and powering it with real shipping data, we’re helping shippers and 3PLs turn procurement into a continuous, data-informed capability that improves long-term network performance and supports scalable growth.”
Key takeaways:
· The RFP Tool centralizes carrier engagement in one platform, automating shipping data distribution and consolidating carrier responses into a single, side-by-side comparison export.
· Using historical shipping data and built-in scoring models, shippers and 3PLs can evaluate carriers based on cost savings, transit performance and network alignment.
· The tool supports simultaneous management of truckload, LTL and parcel RFPs, enabling organizations to create greater sourcing consistency and flexibility across their over-the-road operations.
· In addition, streamlined communication features allow teams to reuse email templates and automate carrier reminders, accelerating response times and improving bid accuracy.
