Why logistics companies need Global Transport Management System?

TMS i.e., known as TMS transportation management system is a part of supply chain management that authorize users to manage and optimize the day-to-day operations of their transportation fleets. A GTMS allows shippers to automate the various processes and receive valuable insights to save time on future shipments. Presently, there are many types of TMS softwares which are used in daily shipping processes and gaining valuable insights. A global transport management system offers a systematic way of managing various operations which are -

• Freight Quoting, Contracting, and Contract Management.
• Load Building
• Freight Booking Management
• Route Optimization
• Logistics Status Monitoring and Alerting
• Product Visibility
• Total Landed Cost Control
• Freight Auditing
• Configurable Reporting
• Analytics, Business Intelligence, and AI

Why do you need to acquire Global TMS?
Managing the complexity of global transportation is really important which mainly requires human capital, time and money. Well, all of these inputs are helpful in optimizing output hence capable to manage total product cost and profitability.  Generally, organizations hire 3 rd parties for outsourcing many of the basic global TMS functions. It is not easy for companies to maintain their physical assets which are necessary for a global TMS program.

Let’s have a look at the benefits of TMS -

• Transportation order planning and execution
• Supply chain visibility 
• Control of inventory management
• Reduce invoice errors
• Transport intelligence

Linking a TMS with a Warehouse Management System provides end-to-end supply chain visibility. In fact, it is also responsible for inventory forecasting as well as reduced chances of data-entry mistakes. Global Transportation Management System is immensely beneficial for the organization, irrespective of size as these systems streamline the entire industrial operations without any adverse effect. As there are huge advantages associated with TMS, it is clear that a properly implemented transportation management system has enormous upside and little downside.