Sometimes technology can be frustrating, but with the right product, it doesn’t have to be. An effective Transportation Management System (TMS) can relieve frustration out of your day if you’re a shipper, carrier, or 3PL.
A TMS combines the latest technology in an easy formula to make a one-stop-shop. It can offer the most value to a shipper and provide the unlimited strategic potential for all parties along the supply chain.
3PLs have recognized opportunities where they can create positive change within their business by introducing a TMS that provide a large range of functions. With greater visibility, shippers are given more detailed information for their viewing when they are organizing a shipment through their chosen 3PL. 3PLs also will see increased efficiency, streamlined business decisions, and satisfied customers.
Each system has its own features that differentiate it from others. Knowing what features work best for you will vary as well. Here is a list of just some of the features that an effective transportation management system can offer to your business:
Carrier Contact Management
Allows the ability to view and compare contracts and costs with ease through the use of digitalized contacts
Real-time tracking of terms and agreements
Contract alerts when it’s time for renewal
Reporting and Analytics
Offers scrubbed invoices that allow for thought-out business decisions on things like freight spend
Optimized historical shipment data for greater referencing
Displays distribution patterns
Review of industry trends
Insights into demand/order forecasts
Automates the auditing process
Generates reports as seen above to minimize potential risks
Allows the ability to build contingency plans ahead of time
Can be set with automatic alerts
Ability to track and trace shipments from pickup to delivery
Status update notifications
Auto pick up
Integration with a carrier using EDI
Display of costs and additional charges allowing an easy opportunity to compare