While many logistics and transportation operations have been slow to adopt technology to manage their shipping processes, some are now dismissing Transportation Management Systems (TMS) as obsolete. However, the right TMS is not just alive; it's thriving and evolving, becoming an indispensable tool for companies looking to optimize their supply chains and transportation processes.
Efficiency, reliability and speed are paramount in the fast-paced world of logistics and supply chain management. As Shippers, 3PLs and brokers strive to meet the increasing demands of customers, the methods used for freight execution play a crucial role in determining their success. While the use of modern freight execution software solutions has increased, traditional freight management methods remain the standard for some logistics professionals.
The parcel shipping industry is undergoing transformative shifts, driven by changing consumer expectations, economic fluctuations and a pressing need for sustainable practices.
With a freight recession, increased parcel rates, carrier consolidation, the normalization of expedited shipping and a stronger focus on sustainability, businesses face a complex set of challenges and opportunities. In this dynamic environment, strategic partnerships emerge not just as a tactical choice but as a cornerstone for success.
Data visibility and transparency are a hot topic in the transportation industry these days and for good reason. From rating and booking, to dispatching, tracking, and invoicing, there are thousands of data points in the lifecycle of a shipment. While most Shippers and 3PLs know the data is out there and want to use it, many lack the resources or knowledge to put it to good use.
That’s why having a Transportation Management System (TMS) with seamless connections to your carriers, load boards, and other solutions in your tech stack is critical. A TMS creates a single source of truth for your shipping operations and enables you to harness the power of your shipment and carrier data.
So, while that all sounds great, some might wonder, what can you do with all that data?
To answer that question, here are 4 simple ways real-life Shippers and 3PLs are using data in their operations.
