Technology tends to be at the foremost for most of the businesses today and it is no different when it is in respect to the supply chain and logistics industry. This is one such industry which requires continuous improvements in the operations that helps in increasing the efficiency of freight movements. Hence the use of technology can certainly bring huge gains in the smooth conduct of the daily operations. Technology certainly will go way beyond any doubt in helping logistics businesses in achieving their goals. Using a well equipped and technologically updated Transportation Management Software will not only streamline the operations of the logistics company but will also evolve by having state of the art modules that will integrate seamlessly with some of the latest preferments. For almost 20 years, TMS in the present form has come a long way with significant upgrades thought the primary goal remains to help shippers acquire the best possible carriers.
There are various types of Transport Management Software and almost many times it is very difficult to choose the one that best suits your requirements. Regardless of the features and the pricing, implementing a robust TMS can be of great value to a shipper.
Before you can choose a TMS the benefits of the TMS must be understood. Hence we thought it important to discuss some of the most core and best ones that any TMS will provide. As an instant insight, we have tried to narrow down our research to 3 most important benefits a TMS can provide a shipper.
But foremostly let’s take a quick drive to acquaint ourselves first with a Transport Management System (TMS).
What exactly is a Transport Management Software?
TMS is a logistics platform which is a subset of supply chain management that enables users to manage and optimize the daily movements of the transportation fleets. It involves the planning, execution, and optimization of the physical movement of goods from source to destination. Hence it integrates all the parties and elements that are involved in the transportation movement. Either TMS is available as a standalone platform or as a module within an ERP or SCM suite. The module is capable of dealing with a galore of phases in the operations as route planning, route optimization, shipment, freight, load building, operation execution, freight audit, and payment.
It goes without saying that route planning is one of the most important aspects of supply chain management and logistics. Hence based on this requirement one of the key modules that a TMS software will offer to logisticians is a strong route planner. A good TMS will have the ability to receive and organize all documents that are a part of the transportation movement that can be used for efficient reporting and review. Some of the tools available can be documenting on-road service, reviewing the volume of shipments and recording the possible transit stops. All this data can provide valuable insights for future planning and tweaking your operations.
Useful analytics and reporting available:
What’s the most important asset for any business and the reply to this will be quick. It is most unquestionably data. Many successful business managers depend on data and the insights they garner with the most reliable data analytics tools that will help in making valuable decisions. Data in the logistics industry stands of huge importance many critical operational optimizations are based on such data analytical insights. Hence it is of utmost importance to have the right reporting functions that will generate the apt reports that will contribute to good decision-making processes.
Customer is the king irrespective of which industry or business it caters to. Having said that one also needs to be aware that all customers cannot be satisfied to the fullest as per their expectations all the time. One of the biggest challenges the logistics industry faces it to have a proper and continuous channel of communication with its customers to keep them updated. This requirement can be aptly fulfilled with a good Transport Management Software. Customers can be passed on information about the visibility of their shipment and can also be sent messages as well as alerts about their cargo movements.
As by now, it is certainly clear that with the advancements in technology and with the advent of various tools it is becoming easier for the logistics industry to operate at optimum levels with the right Transport Management Software. A well equipped and futuristics TMS will go a long way in streamlining many operational processes.
Do you want help in getting your cargo transported from anywhere to anywhere in the world? You just need to drop us a line and we shall get back to you.