Statistical Model – Quotation Generation
A leading transportation and logistics service provider in North America, our client does not own any fleet but provides a platform and services for transport / logistics companies to fulfill requests from prospective customers. Our client was facing challenges to provide quick responses to ad hoc transport requests from prospective customers/enterprises on a daily basis.
Datametica was involved in building a statistical model which would refer to the historical trips made by the trucks and generate a quotation by analyzing a number of variables like truck type, freight type, distance, time of delivery, etc. This model helped our clients to automate the quotation generation process, reduce manual errors and increase.
Automated the quotation generation process
Reduced manual errors
Reduced processing time
Increased customer focus / customer satisfaction
Increased revenue and margins
Tools / Technologies
- Hadoop Ecosystem - Cloud Based