Goodbye Margin Leaks: Introducing “Vended Services” to Boost Brokerage Profitability

Managing the multifaceted demands of shippers and carriers is a daily challenge for brokers. From the unexpected need for extra lease trailers to renting forklifts, brokers often find themselves in a maze of makeshift solutions within their TMS. These ad-hoc adjustments result in a clutter of false transactions made within the TMS, leading to the silent drain of margins—until now. MVMNT is excited to introduce Vended Services, a feature designed to staunch the margin leak and bring order to chaos.

Keep Up with Complex Shipping Demands

This feature reinvents the way brokers manage additional service requests directly within their TMS, moving away from the inefficient workarounds of false transactions. Whether facing an unforeseen need for an extra lease trailer or any other service, Vended Services enables brokers to categorize and address these costs as essential aspects of their operational workflow. This innovation not only maintains the integrity of financial margins but also improves the ability to service carriers and shippers effectively. By offering a comprehensive view of operations, Vended Services paves the way for more informed decision-making, ensuring brokers are well-equipped to handle the unpredictable.

Enhanced Reporting for True Cost Analysis

One of the most significant challenges brokers and accounting teams face is the distortion of financial reporting due to makeshift transaction entries. Vended Services directly addresses this issue by providing a clear, undistorted view of expenses and income related to additional services. Accounting reps can now easily distinguish between primary line haul costs and ancillary service costs, leading to a more accurate understanding of the true lane cost and overall financial performance. This clarity transforms how brokerages assess profitability and make strategic decisions, ensuring that no detail is overlooked.

Save Time by Eliminating Workarounds

MVMNT's Vended Services feature is designed with the broker's diverse needs in mind. From viewing all vendor options and sorting by service type to adding new vendors on-the-fly during order creation, the process is intuitive and flexible. This feature boosts data accuracy by enabling brokers to record vendor services' tax IDs for annual reports, consolidate services from a single vendor, and associate services with specific locations, thereby minimizing the need for redundant workarounds and preventing the loss of crucial information.

MVMNT's introduction of Vended Services is more than just a feature—it's a strategic tool designed to redefine how brokers manage and report on the complexities of their operations. By addressing the very real problem of margin leakage and data clutter, we empower our users to maintain clean, accurate TMS data, ensuring that every transaction, no matter how complex, is captured and managed with precision. With Vended Services, MVMNT users can focus on what they do best: servicing their customers and growing their business, secure in the knowledge that their TMS is as sophisticated and adaptable as the industry demands.

Watch the video to see it in action