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Transportation Managment System

A Transportation Management System (TMS) is a logistics platform that uses technology to help businesses plan, execute, and optimize the physical movement of goods, both incoming and outgoing, and making sure the shipment is compliant, proper documentation is available. This kind of system is often part of a larger supply chain management (SCM) system. Transportation management systems play a central role in supply chains, affecting every part of the process—from planning and procurement to logistics and lifecycle management. The broad and deep visibility afforded by a powerful system leads to more efficient transportation planning and execution, which results in higher customer satisfaction. That, in turn, leads to more sales, helping businesses grow.

Benefits of a TMS
  • Reduced costs for the business and the end customer
  • Simplification of supply chain processes across geographies, modes, and carriers
  • Automation of business operations for faster and more accurate billing and documentation
  • Improvement in visibility and security, especially in transit
  • Time savings—fewer manual steps result in fewer delays and faster delivery times
  • The ability to track freight, both locally and globally, on a single platform
  • Better import and export compliance minimizing penalties and shipment delays
  • New business insights as better reporting leads to faster action and process improvement.
  • Improvements in customer service and customer satisfaction with real-time updates and fewer shipment delays.
  • The ability to scale the business by meeting and exceeding customer demands for fast, on-time shipments.

One of such software is transportation management system (TMS) which is a subset of supply chain management regarding transportation operations (Mei & Eliot, 2017). TMS has become an indispensable tool in a growingly competitive and complex transportation landscape

Features of Financial Management System
  • Powerful optimization engine
  • Real-time Tracking
  • Carrier contracts management
  • Integration with leading ERP, WMS or OMS system
  • Reports and Business Intelligence