BENEFITS OF USING A TRANSPORT MANAGEMENT SYSTEM
Until now most businesses are apprehensive about implementing a Transport Management Software (TMS). What they don’t realize is how it can positively impact ROI and business profit margins. Transport Management Software revolutionizes the entire process of supply chain management. It performs a number of functions such as carrier selection, determination of routes and rates. There are several misconceptions surrounding TMS, that it is too expensive to implement and it does not perform better than traditional systems. It is high time that these myths are busted and the benefits of implementing a TMS are realized.
Transport Management Software helps to move consignment from the origin to the destination efficiently and cost-effectively. Transport Management Software are designed for all modes and also for intermodal transport. These systems offer myriad ways to save cost and add value to your product. If your business is planning to invest in a Transport Management Software, then here are a few benefits to encourage you to do exactly that.
Better Customer Service
Transport Management Software provides reports and analytics that help you determine the impact of your business decisions. It helps you choose the most efficient and cost-effective carrier so that the shipment reaches on time. This enables you to save time and money as there is no need for customer service interference. Customers are happy, and yield margins improve dramatically.
Easy Document Retrieval and Better Communication
Since most TMS software are web-based, all documents are stored. These documents can be easily retrieved, hence there is no need to search through bulky files. This fosters better communication among the consignee, the shipper, the carrier, or a third party logistics provider.
Greater Focus on Warehouse Efficiency
TMS saves time spent on actual freight management, which gives the opportunity to focus on warehouse management. Costly mistakes that occur due to entry errors are avoided and the time spent correcting them is saved. A Transport Management System that is integrated with a warehouse management system streamlines the process of supply chain management and brings about further savings.
Automation in Transport Management
TMS implementation has to be backed by a dedicated team in order to realise the benefits of such a system. TMS provides greater organisational control, scale up as the business grows and live freight rates availability.
Smarter Inventory Management
TMS ensures that consignments reach customers on time. This gives your business the ability to plan your inventory in hand better. Managers can focus on how to forecast inventory better and reduce inventory holding costs.
The TMS enables automated carrier selection based on low cost and fastest transportation time. TMS captures all details with respect to carriers including their rates, tracking details and number of transactions on a daily basis. A TMS gives you a complete picture of all shipments and also enables your business to send tracking information to your customers.
Smarter Auditing of Freight Invoices
A Transport Management Software allows you to accept invoices from carriers electronically. These can then be compared against the quoted price so that you only pay the amount mentioned in the contract. TMS helps save time as invoices need not be checked manually and also minimizes errors in payments.
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