Matrix Creator
Build transparent freight rates based on historical shipment data, and win new business opportunities.
What it is
- Generate freight matrices based on shipment data such as weights, distances, and costs.
- It supports various matrices, offering flexibility to match diverse customer requirements.
- Features parameters to ensure matrices reflect real-world pricing scenarios without abrupt cost changes.
What it delivers
- Eliminates the manual effort with intelligent algorithms that adapt to your shipment data.
- Includes key insights such as shipping costs, deviations from actual costs, and unit-based cost calculations.
- Useful for businesses needing to establish their rate structures based on historical shipment cost data.
What are the benefits
- Present accurate, client-specific pricing structures to win more contracts with ease.
- Use advanced parameters to create matrices that balance profitability and customer affordability.
- Automate complex calculations, allowing your team to focus on building strategic relationships with clients.
Why choose Matrix Creator App?
The Matrix Creator is specifically designed for LSPs aiming to enhance their competitive edge in the market. By providing accurate freight matrices tailored to customer needs, this tool helps logistics providers deliver value-driven pricing strategies that win business.
How it works?
Input Data
Similar to the Freight Matrix App, details like origin, destination, weight, and delivery requirements are entered. Actual costs associated with these shipments are also provided in the Shipment Costs table. You can choose one of 4 matrix types.
The Process
Using shipment cost data, the system derives transportation rates that reflect actual operational expenses. Factors such as route efficiency, shipment volume, and market trends can be incorporated to fine-tune the rates.
Output
The calculated rates serve as a foundation for future cost calculations, pricing strategies, and contract negotiations. Intuitive dashboards provides you with dynamic, interactive visualizations to help you understand and optimize your freight matrices.
Matrix Creator Demo
Your step-by-step guide to Matrix Creator directly on the Log-hub platform.
Matrix Creator Features
A continuous evolution towards enhancing our freight management app.
Various Matrix Types
✔ ABSOLUTE WEIGHT-DISTANCE MATRIX: Provides cost values based on exact weights and distances.
✔ RELATIVE WEIGHT-DISTANCE MATRIX: Offers scalable cost structures with unit pricing for increased adaptability.
✔ ABSOLUTE WEIGHT-ZONE MATRIX: Ideal for regional pricing, offering static rates based on specific zones.
✔ RELATIVE WEIGHT-ZONE MATRIX: Provides flexible zone-based pricing adjusted for weight increments.
Customizable Pricing Parameters
✔ SMOOTHNESS CONSTRAINT: Ensures neighboring cells in the matrix reflect gradual cost changes for realistic pricing.
✔ DEGRESSION CONSTRAINT: Enforces a diminishing increase in costs as weights and distances grow, creating customer-friendly pricing structures.
✔ MATRIX COST PER SHIPMENT: Automatically calculate and display matrix-derived costs for each shipment.
Interactive and Dynamic Visualizations
✔ SURFACE CHART (3D MATRIX): Gain a clear overview of cost distribution across weight and distance classes with smooth, intuitive 3D surfaces.
✔ 3D BAR CHARTS: Analyze cost, distance, and weight classes in-depth with detailed bar visualizations for precise decision-making.
✔ ABSOLUTE DEVIATIONS: Identify areas where matrix costs deviate from actual costs using 3D bar charts, helping you pinpoint discrepancies.
✔ RELATIVE DEVIATIONS: Uncover percentage-based deviations to fine-tune pricing strategies and enhance accuracy.
Matrix Creator vs. Freight Matrix
Opposite but Complementary Purposes
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While both applications handle shipment and rate data, their purposes are inherently opposite, creating a symbiotic relationship.
Matrix Creator
Transforms shipment costs into transportation rates. It is reflective, analyzing past shipment data to derive future rate structures.
Benefits of using both Apps
✔ Close the Loop: Ensure a seamless cycle of rate and cost management. Rates feed into cost calculations, and costs feed back into rate generation.
✔ Improve Accuracy: Cross-validate rates and costs to identify discrepancies and optimize pricing strategies.
✔ Adapt to Market Dynamics: Use historical cost data to adjust rates in response to market changes, enhancing competitiveness.
Freight Matrix
Transforms transportation rates into shipment costs. It is forward-looking, focused on applying known rates to estimate expenses.
Combine Matrix Creator with other tools
_____
Achieve better results with our recommendations.
Freight Matrix
Manage cost structures and make value-conscious decisions.
Network Design
Calculate the optimal number and locations of your warehouses.
Transport Optimization
Assign shipments to available vehicles in an optimal way.
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