If you are unfamiliar with transportation management system (TMS) software or looking to get started with new cloud-based software, this grief overview is designed to give you a starting point on what it is and how it can benefit the logistical operations of your business.
Transport management software can streamline your entire inventory management for the transport industry and delivery system.
From keeping track of your incoming inventory to real-time tracking where your outgoing stocks are located, these innovative software solutions are becoming the norm in maintaining transport operations for larger companies.
You Can Subscribe to Exactly What You Need
Value-wise, cloud-based TMS could be providing you with exactly what you need – nothing more and nothing less. Without this system, you could be employing an accountant only to audit your business once a year – something a TMS can perform with a click of a button!
By employing the latest TMS technologies, you are able to customize TMS to your needs; If you only need the basic functions, go for the basic package!
Otherwise, customize your TMS to include add-on services that you need for your business to operate smoothly.
Services such as premium online accounting integrations, communication platforms and many other features can be easily integrated into modern TMS solutions, so why not explore the available free trials and choose what fits your business best?
You Can Optimize Your Sales Quality & Quantity
Since a TMS software can help you to keep track of each logistic routes. It can tell you how long it would take for your inventories to reach your clients and can give you sufficient data for you to get a glimpse into what’s working and what’s not.
As an example, you can analyze TMS data on delivery timeliness and product damage rates.
From there on, you can optimize your sales funnel via suitable means such as delivering only a number of stocks at a time or hiring more staff to help out with product packaging.
By employing a TMS, you can also improve your customer satisfaction rate simply because you are taking steps to avoid oversupplying or undersupplying your retailers!
TMS Provides Improved Real-Time Visibility
Compared to all other models of inventory tracking in a supply chain, TMS definitely takes the cake in real-time tracking of your inventories and other important assets.
This means that you can keep track of where your drivers are, how long they require to dispatch deliveries once they are parked, how many deliveries they are able to complete in a day and many more.
Most important of all, this real-time visibility provides your clients a sense of security when they know that they can track their stocks’ whereabouts and when they can expect their incoming stocks to arrive.
You Can Save Up to 25% in Transportation Costs
Did you know that you can integrate various transportation partners and carriers’ data into your TMS?
When you do so, you can optimize the delivery routes for each carrier service because a TMS would map out the most efficient logistic routes for your business!
With that task being handled by your TMS, you can then focus on mapping out shipping criteria with your carrier services – let them know when you need your inventories delivered and come up with a plan that would serve your business best.
When you map out these criteria and adjust your plans based on each carrier’s ability to fulfil your criteria, you can save up to 25% on transportation costs.
Enjoy Lower Administrative Costs!
When you have a well-designed TMS, you will be able to find out where you can cut your expenses further. This can be anything from choosing a new route to replacing a poor-performing delivery partner or many more!
This works best if you integrate your shippers’ costs, contracts, billing and other information into the TMS system so that more data can be reviewed at the same time to provide you the most relevant suggestions.
Gain Insights into What Truly Matters for Your Business
As a basic prerequisite, most TMS would come with analytical tools from something as basic as the amount of time needed for your freights to reach their destination to storing multiple shipping profiles from various vendors and partners.
You can select the format that you want the reports to be in, and you can also send custom invoices, bills and shipping reports with ease.
The more integrations you have with your TMS, the more helpful the accompanying insights would be for your business.
These helpful insights could include both positive and negative aspects of your business, such as highlighting certain problem areas that you will need to take care of or showing you which product or delivery route is bringing you the highest profit.
Avoid Costly (Mostly Human) Errors with TMS Softwares.
A missing number in your invoices, missing driver records and paper filing maintenance can be costly to start with. Some of these mistakes can easily cost your business a hefty sum if you’re not careful!
By having TMS integrated with other functions such as warehouse management and client relationship management, you are less likely to make such errors as any mismatches in your data can be cross-checked and validated with ease.
Data backups are also readily available to prevent data loss or corruption, so you can always access your data and check it for error whenever it is required for you to do so.
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