Transport systems to revolutionise supply chain management




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.

Reduced 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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How the Industrial Internet of Things (IIoT) is revolutionizing industry


How the Industrial Internet of Things (IIoT) is revolutionising industry

The Industrial Internet of Things (IIoT) has been heralded as transformational, by offering hitherto unparalleled levels of growth opportunities and efficiencies

For industries of all kinds – from farming to aerospace – harnessing the use of connected devices, machine-to-machine (M2M) technology and big data is creating a revolution that will cut production times, reduce inefficiencies through predictive maintenance, boosting outputs and increasing revenues.

Also known as Industry 4.0, the benefits of the IIoT are being adopted by an ever-increasing number of companies, and its use and application is expected to explode in coming years.

Indeed, research by Business Insider UK suggests that the installation of manufacturing IoT devices is projected to grow from 237 million in 2015 to 923 million in 2020 and that by then, global manufacturers will invest $70 billion in IoT solutions, up from $29 billion in 2015.

More complex IIoT applications are already beginning to emerge, and autonomous robots and augmented reality are likely to become more commonplace soon. But what other ways can the IIoT be applied? We take a look at just a few…

1. Game of drones

Drones are seemingly everywhere these days. But far from being the latest tech fad, their unique ability to access hard to reach places and collect vital data could see them make a massive impact in a wide variety of industrial applications. Sensor-packed drones are fast being harnessed by the construction industry in particular, as well as companies as diverse as UPS, the US military and even UK farms.

2. Farmer’s friend

Speaking of farming, the IIoT is arguably at its most potent in this sector and is making a big impact on farms across the globe. Farmers are using high-tech farming techniques such as sensors in fields that provide data on soil acidity or topography for example. Being able to monitor equipment performance or livestock feeding via a smartphone is another useful capability, and by collating the data provided by connected devices from across their farms, farmers can make more accurate predictions and react more speedily than ever before.

3. A dusty future

It might sound like a concept dreamt up as part of an 80s Hollywood sci-fi movie, but the smart dust can be used in an almost endless range of applications. Made up of microscopic sensors just a few millimetres wide, smart dust particles can measure things such as vibration, temperature or chemical components and relay that data to a connected device. And because of their tiny size, they’re able to be used in situations where no other form of sensor could.

Predicted by Gartner to be a major emerging technological trend, potential smart dust applications range from agriculture and factory manufacturing settings to oil exploration, neurosurgery and even the exploration of new planets.