This article will help us understand what an active agreement is and how and when to use it to help our clients.
Understanding Your Active Agreement
An active agreement refers to the current contract in place between you and your carrier. This agreement outlines the rates for carrier services, any applicable discounts, and the expected minimum charges for the shipper. It also includes clauses from the carrier that may restrict specific activities and practices. Understanding the intricacies of your agreement is crucial, as it can be complex and may contain various restrictions and limitations that can impact the shipping of each product differently.
With Reveel's Agreement Monitoring Tool, we actively oversee your agreement to ensure you are benefiting from the discounted rates specified in your carrier contract. We will also notify you of any upcoming expirations, keeping you informed.
Additionally, your active agreement plays a vital role in projecting the impact of General Rate Increases (GRIs). This helps you analyze your shipping spend and potentially forecast your shipping expenses more accurately.
To designate an agreement as the active one, simply check the box next to the agreement in the carrier agreement list on the Agreement Comparison page.
