Statistical Model – Quotation Generation

advancedanalytics

Client challenges

Project scope

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.

Solution

Statistical model

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.

Benefits

operational
Automation

Automated the quotation generation process

operational
Less errors

Reduced manual errors

time-1
Reduced processing time
customer360
Customer Focus

Increased customer focus / customer satisfaction

costsavings
Increased revenue and margins
magic
Tools / Technologies
  • Hadoop Ecosystem - Cloud Based
  • R
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