For many companies, a TMS (Transportation Management System) is the backbone of your logistics and transportation operations. Whether you’re a $10 million or $10 billion business, a TMS can help streamline processes, reduce overall transportation costs, and provide full supply chain visibility. According to Logistics Management Magazine, businesses who implement a TMS save 5% to 10% on their freight costs.
To help navigate the process of choosing a TMS that’s right for your company, consider these key features, discussed in an Inbound Logistics article:
8 TMS Features to Consider
- Open architecture to accelerate adoption of new technology and standards—An open architecture design makes it easier to implement new or improved applications, components, and standards.
- Supports multiple integration options: XML, EDI and Web Services—The full potential of a TMS is realized when you integrate with other platforms to automate processes and improve your customer service levels. Choose a TMS that enables your systems to talk to one another.
- Integration with multi-modal carrier network—Choose a TMS that taps into a large network of local, regional, and national multi-modal carriers, so you can rate, book, track, and analyze all your shipments, in one place.
- Integration with leading ERP, WMS, and OMS systems—There are scores of enterprise resource planning, warehouse management, and order management systems. Make sure the TMS you choose has a history of out of the box integration with your back-office systems.
- Actionable, real-time reporting—Big data is only useful if you can gain actionable insights from it. Choose a TMS that can generate a range of reports and interactive dashboards that track important KPIs and help you make decisions that grow your business. GlobalTranz’ advanced TMS platform creates predictive analytics and business intelligence by combining big data with machine learning and artificial intelligence technology.
- Universally accessible—A cloud-based TMS reduces the need and cost associated with storing equipment, servers, and software in your building. Users can access a cloud-based system from anywhere and providers can manage and deploy updates without interrupting user experience.
- Secure, reliable, and scalable—Downtime is not an option for your business. Be sure the TMS you choose provides layers of security to protect your business from data breaches, has adequate backup procedures and can meet increasing performance demands as your needs evolve.
- Supports applicable modes of transportation—Choose a TMS that works well with all your existing modes – like LTL and truckload – but is also capable of supporting modes you may want to add in the future.
TMS solutions are an important component of today’s supply chain management. When you choose the right platform for your business, your TMS will help you drive process efficiency, gain visibility into your supply chain, and reduce overall transportation costs.
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