The approach adopted by Drac for freight management is based on integrating Drac Tracks technology with Vendor Compliance, Purchasing, Order Management and Key Performance Indicator (KPI) reporting.
Vendor compliance includes an overview of the supply chain objectives along with specific consideration of:
- Terms of purchase
- Order and logistics procedures
- Vendor KPI reporting
- Delivery In Full On Time & Accurately (DIFOTA)
- Purchase order reconciliation of quantity and price
- Timing and accuracy of commercial documentation.
Drac Tracks functionality provides a host of exception management events such as purchase order confirmation, order progress reporting, bookings, receipts, document notification, and commercial invoice reconciliation.