If you have a subscription to Xeneta Analytics, an additional report collection will be visible on your dashboard.
The My Spend report contains an overview of your freight volume and how it is priced compared to Xeneta's market benchmarks.
It contains the following basic information about your freight volumes:
- Volume — the total number of TEUs contained within your uploaded (valid and non-expired) prices
- Total Spend — The total amount spend for your TEU count (amount paid multiplied by TEU count)
- Spend Coverage — The total percent value of your uploaded prices for which Xeneta can provide market benchmarking
The Spend Comparison helps you compare the price you paid for the amount of volume you have shipped against shipping the same volume at different market prices.
With the Spend Comparison, you can discover how much the market is paying to ship the same volume of TEUs. The Spend Comparison does this calculation for all trade lanes on which you have shipped volume and sums up the prices to provide a total spend comparison value across all your shipping routes.
Example: If you ship 100 TEU at $100 each, the value of My Covered Spend will be $10,000. If the price to ship at the market low is $80, then the value of Market Low Spend will be $8000 ($80 × 100). Similarly, Market Average Spend will be generated by using Xeneta's market average price
Clicking the View Comparison button will take you to the Spend Overview page, where you can compare market prices against your own prices for the same volume.
The Saving Potential is a calculation of the savings possible for your shipped volume given that the prices for those volumes match market prices instead of the prices you uploaded.
In other words, this widget reflects the possible savings that can be achieved if your worst-performing trade lanes are negotiated to rates matching the market.
Clicking the View Saving Potentials button will take you to the Spend Overview page, where you can drill down to discover the saving potentials on a trade corridor and trade lane basis.