Transport management software aids in providing the most optimal route for carriers. It is capable of planning & executing routing for numerous numbers of shipments either by multimodal transportation, consolidating, or pooling. Consolidating shipments not only acts as a cost saviour but avoid unproductive trips.
This section helps in the selection of suitable carriers and modes of transport depending on the service requirements in terms of efficiency, cost, and distance. The software is designed to automatically choose the best carrier using a centralized data pool based on price, previous requirements, and company requirements.
EDI enabled the standardized format of data exchange to build a benchmark for superiority. Companies gain higher visibility in their experience and functions plus a drastic reduction in the paperwork. The integration of TMS with EDI gives high-end data accuracy and fastens the exchange of critical information.
An integrated warehouse management system, existing within the execution module of transportation management system gives real-time information about a warehouse, such as material tracking, in and out inventories movement, shipments dispatching etc. This real-time information access improvises the overall decision-making process.
Payment and auditing system allows Transportation management software to evaluate the service options, calculate freight charges, and identify improvement areas. This enables immediate acknowledgement and resolution of overcharge relevant issues with customers and carriers alike. Also, the links to ERP or any other financial system permits effective handling of payment procedures.
TMS transport management system is equipped with functionality like support for air, rail, ocean-based multimodal transportation, enhanced geo-coding, and global map. This guide allows the freight to be transported other than road supporting the globalized business. These attributes also enhance the transportation process efficiency with increased visibility and facilitate accuracy in transit time calculation.
This attribute permits a real-time exchange of shipment data between the carrier, distributor, and end-user. General and competent sharing of shipping information across the business enhances visibility, tracking accuracy rate, and efficient management of business and enhances reporting.
The proficient use of dashboard functionality, data warehousing, and report generation in custom or standardized formats is the core idea behind integrating this module. It aims at gathering, analyzing, and summarizing the supply chain data by utilizing resources for effective decision-making procedures.
The visibility trait (of performance management) of TMS gives a detailed view of all the steps of a transportation process resulting in their easier management. Accurate and timely visibility of the entire supply chain's critical information ensures a healthy balance between supply & demand.