How Transport Management System Helps Your Business Grow?
1. Reduced Freight Expenses
A transport management system helps you reduce freight expenses on several accounts. You can shop for the best rates and make considerable savings. Through optimization of routes and load-balancing, you can further lower your freight expenses. Analytics and accurate information of your fleet in real-time also make way for optimum use of resources.TMS makes freight management and workflow efficient, which also results in savings. You can reduce your expenses significantly by implementing TMS and automating labor-intensive processes.
2. Track Deliveries in Real-Time
TMS gives you the ability to track your fleet in real-time. You can pinpoint the location of each driver on a GPS enabled-map and see the routes taken, delivery locations and other useful details. Full visibility into your fleet makes room for efficient management, which increases productivity.Tracking drivers helps you to optimize routes and create better schedules. You can also locate drivers who are free and assign duties accordingly. Through tracking, you can assess your driver’s performance and provide feedback as necessary.If you have never used a transportation management software, think of how you can track the location of your driver while booking an Uber or Lyft. TMS tracking works on the same principles.
3. Increase Customer Satisfaction
TMS helps you run your supply chain smoothly, enabling you to make on-time deliveries. Your customers can track deliveries and stay updated on the progress. The predictive analytics of TMS allows you to send accurate delivery updates to your customers like late deliveries.TMS also provides a link between order management and warehouse management, making the whole process efficient. You can even consolidate customer orders to identify the best rates for shipping.TMS helps you provide on-demand, personalized service to your customers. Your customers can also stay informed, which naturally results in satisfaction.
4. Improve Warehouse Efficiency and Productivity
TMS allows you to track the lifecycle of your orders and deliveries in real-time. You can make accurate forecasts based on this information, improving the transparency of your supply chain network.A transport management system allows you to have a well-organized warehouse. It facilitates inventory management with tracking of goods. You know exactly where freight is located, whether they are in transit or in the warehouse. As a result, you can improve the efficiency of the processes.You can even increase your shipment accuracy as a TMS reduces the need for manual entry of information. The software also eliminates paper processes making workflow more streamlined.On the whole, you can increase warehouse efficiency and productivity by implementing TMS.
5. Increase Supply Chain Efficiency
You can get a bird’s eye view of your entire supply chain through an advanced transportation management software. The system also provides access to real-time information and full visibility into your operations. Managers can also use the solution to take advantage of any opportunity and resolve any issues that may head your way.Plus, the ability to track orders, drivers and inventory also increase efficiency.
6. Saves Time
TMS can help you save precious employee hours through its features. You can get rid of paperwork and automate time-consuming processes. Shippers can access the right information at the right time to stay updated and notify customers.The software also saves time through rate and shipper comparison from a single platform. You don’t need to scroll through endless pages of spreadsheets anymore! Customers can also save time by using self-help portals to get all the information they want.So if you want to save time and always make strategic decisions, a TMS can go a long way to fulfill that goal.
7. New Delivery Capabilities
Your company can acquire new delivery capabilities by using TMS to optimize the way you ship. You can, for example, set up new shipping programs like point distribution to increase efficiency and save costs. Another example would be creating inbound programs between the various locations of your company.You can create a master bill of lading easily with a TMS. Then you can utilize individual logins at multiple locations to manage everything from one place.A transportation management system software also lets you plan and execute your capabilities efficiently. So if you have any new programs in mind, it’s time to implement them through TMS.
The Future of TMS
The future of TMS is expansive and we are going to see the technology become more robust and feature-rich. Currently, TMS providers are toying with IoT to provide complete fleet information, including driving conditions and parameters like fuel consumption.
TMS will also see the adoption of machine learning and AI to improve the predictive capabilities. This helps businesses plan accurately and lower risks for sensitive goods like dairy or meat. Customer-oriented improvements like chatbots are also becoming a popular part of TMSs. Even blockchain has come into the picture to provide more visibility and improve the accountability of the supply chain. TMS will become the need of logistics businesses fostering trade and freight movement across borders and territories.
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