Supply chain management strategies have been changing in recent years. Cloud-based transportation management systems (TMS) and the shipping data and analytics they provide are the best logistics management solution currently on the market. Modern TMS technology is working to solve issues shippers have wanted resolved for a long time. It won’t be long before you can view your freight every second of the day, but shipping data and analytics can tell you much more than that. Here’s what a modern cloud-based transportation management system can do for your supply chain management:
TMS Analytics and Visibility
In a very technology driven age, analytics and algorithms seem commonplace, but they can go much deeper than what most people are used to. Finding frequent instances of the same issue and deciphering potential links between them is the goal of shipping software analytics. Everything is connected to the Internet these days, so while shipment tracking has been a desired innovation for supply chain management historically, that’s not enough from a transportation management system; it needs to do that and more.
Accurate. Efficient. Optimized.
TMS technology has integrated analytics into the shipping software to understand the causes of problems with supply chain management. Reducing the number of touch-points for a shipment is important to streamline freight shipping from warehousing to transportation mode selection. This is one of the most important parts of TMS analytics. Fewer touch-points means less likelihood of lost or damaged packages. Shipping software provides analytics to find an optimized freight shipping route to minimize potential risk to your freight.
Mistakes are made in freight shipping, but TMS shipping software and analytics can help. If people make mistakes in the shipping industry, companies can lose business, and customers may file for refunds. Cloud-based transportation management systems help to reduce freight shipping errors by automating the process. Automating supply chain management helps to reduce errors in data entry, and improves shipping decisions and makes them automatically. Monitoring supply chain management with automated shipping software and utilizing analytics is important in the freight shipping industry.
TMS shipping software generates tremendous amounts of data, and it can be overwhelming and difficult to understand. For the freight shipping analytics to become actionable shipping software presents it in dashboards and an easy to understand format. While TMS automation of freight shipping decisions take some control out of the hands of the shipper, the decisions made by shipping software will explain what you need to change and how it could benefit your shipping business to ease your mind on having less hands-on control of supply chain management.
The Big Picture
Supply chain management is constantly improved with freight shipping data and analytics. The hardest part of improving supply chain management is for you to accept that you need to let it take the wheel. Analytics will tell you what your supply chain needs to do to improve your logistics management strategies. Modern, cloud-based transportation management systems and shipping data and analytics are the way forward in the industry, and it’s time to take advantage of them.