International Supply Chain
Optimising RFQ Tenders for a Global Toy Brand
Challenge
Since 2019, a leading global toy manufacturer has relied on Nexus Point to streamline its freight tender process, ensuring cost-effective and efficient logistics. The company needed a structured approach to identifying the right freight providers, securing competitive rates and improving supply chain efficiency.
Solution
Nexus Point implemented a specialised RFQ tender model, reducing administrative burdens and accelerating decision-making. Our process included:
- Identifying qualified freight service providers aligned with the company's needs.
- Structuring and issuing RFQs, ensuring clear pricing and contract terms.
- Conducting cost analyses to prevent unnecessary pricing fluctuations.
- Providing benchmarking reports for data-driven decision-making.
- Facilitating meetings and contract setup with the selected freight forwarder.
Results
- Secured a new freight provider on improved terms.
- Achieved significant cost savings through a more competitive process.
- Enhanced overall supply chain efficiency with better contract alignment.
By optimising the company's freight procurement strategy, Nexus Point delivered tangible financial and operational benefits.
