Freight Rate Negotiation Specialist

Freight Rate Negotiation Specialist

Job ID:  5235
Job ID:  5235
Date:  14 Apr 2025
Date:  14 Apr 2025
Location: 

Bengaluru, KA, IN

Location: 

Bengaluru, KA, IN

Department:  Supply Chain Management
Department:  Supply Chain Management
Business:  Components
Business:  Components

The role involves securing competitive freight rates for air, sea, express courier, and ground transportation while ensuring optimal cost-effectiveness and efficiency. This position requires a strong understanding of the global logistics landscape, exceptional negotiation skills, and the ability to build and maintain strong relationships with carriers, freight forwarders, and transporters.

Responsibilities:

  • Freight Rate Negotiation:
  • Negotiate and secure competitive freight rates with air, sea, express courier and ground transportation.
  • Analyse market trends and carrier pricing to identify cost-saving opportunities.
  • Develop and maintain a comprehensive database of carrier rates and service offerings.
  • Prepare and present rate proposals to internal stakeholders and clients.
  • Manage and resolve rate discrepancies and disputes.
  • Strong understanding of global logistics, including Incoterms, customs regulations, and transportation modes.
  • Freight Invoice processing, auditing, and Payment processing, with monthly outstanding settlements.

Carrier Relationship Management:

  • Build and maintain strong relationships with key carriers, freight forwarders, Customs house Agents/Brokers, and ground transportation providers.
  • Evaluate carrier performance and ensure adherence to service level agreements.
  • Conduct regular carrier reviews and negotiations to optimize pricing and service.
  • Stay informed about carrier updates, including rate changes, service disruptions, and new offerings.

Market Analysis and Research:

  • Conduct thorough market research to understand industry trends, pricing fluctuations, and regulatory changes.
  • Analyze freight market data and provide insights to support strategic decision-making.
  • Monitor competitor pricing and service offerings.
  • Prepare reports and presentations on market analysis and rate trends.

Documentation and Reporting:

  • Maintain accurate and up-to-date records of rate agreements, contracts, and carrier communications.
  • Prepare regular reports on freight rate performance, cost savings, and market trends.
  • Ensure compliance with all relevant regulations and company policies.
  • Logistics Service Provider Invoicing and Audit of rates and Services.

Qualifications:

  • Bachelor's degree in Supply Chain Management, Business Administration, or a related field (preferred).  
  • Minimum 12-15 years of experience in freight rate negotiation, preferably in air, sea, express courier, and ground transportation.
  • Proven track record of successfully negotiating competitive freight rates.
  • Excellent negotiation, communication, and interpersonal skills.
  • Proficiency in using Transportation Management Systems (TMS), SAP and Microsoft Office Suite.
  • Analytical and problem-solving skills, with the ability to interpret and analyze complex data.
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Strong attention to detail and organizational skills.  
  • Knowledge of freight market software and rate management tools.

The role involves securing competitive freight rates for air, sea, express courier, and ground transportation while ensuring optimal cost-effectiveness and efficiency. This position requires a strong understanding of the global logistics landscape, exceptional negotiation skills, and the ability to build and maintain strong relationships with carriers, freight forwarders, and transporters.

Responsibilities:

  • Freight Rate Negotiation:
  • Negotiate and secure competitive freight rates with air, sea, express courier and ground transportation.
  • Analyse market trends and carrier pricing to identify cost-saving opportunities.
  • Develop and maintain a comprehensive database of carrier rates and service offerings.
  • Prepare and present rate proposals to internal stakeholders and clients.
  • Manage and resolve rate discrepancies and disputes.
  • Strong understanding of global logistics, including Incoterms, customs regulations, and transportation modes.
  • Freight Invoice processing, auditing, and Payment processing, with monthly outstanding settlements.

Carrier Relationship Management:

  • Build and maintain strong relationships with key carriers, freight forwarders, Customs house Agents/Brokers, and ground transportation providers.
  • Evaluate carrier performance and ensure adherence to service level agreements.
  • Conduct regular carrier reviews and negotiations to optimize pricing and service.
  • Stay informed about carrier updates, including rate changes, service disruptions, and new offerings.

Market Analysis and Research:

  • Conduct thorough market research to understand industry trends, pricing fluctuations, and regulatory changes.
  • Analyze freight market data and provide insights to support strategic decision-making.
  • Monitor competitor pricing and service offerings.
  • Prepare reports and presentations on market analysis and rate trends.

Documentation and Reporting:

  • Maintain accurate and up-to-date records of rate agreements, contracts, and carrier communications.
  • Prepare regular reports on freight rate performance, cost savings, and market trends.
  • Ensure compliance with all relevant regulations and company policies.
  • Logistics Service Provider Invoicing and Audit of rates and Services.

Qualifications:

  • Bachelor's degree in Supply Chain Management, Business Administration, or a related field (preferred).  
  • Minimum 12-15 years of experience in freight rate negotiation, preferably in air, sea, express courier, and ground transportation.
  • Proven track record of successfully negotiating competitive freight rates.
  • Excellent negotiation, communication, and interpersonal skills.
  • Proficiency in using Transportation Management Systems (TMS), SAP and Microsoft Office Suite.
  • Analytical and problem-solving skills, with the ability to interpret and analyze complex data.
  • Ability to work independently and as part of a team in a fast-paced environment.
  • Strong attention to detail and organizational skills.  
  • Knowledge of freight market software and rate management tools.

Learn More about TATA Electronics

Learn More About Tata Electronics