What is a Transport Management System (TMS)?
Have you found that as your business grows, you have less time to focus on the daily operations of your transport company? You’re not alone.
The transportation industry is fast-paced, with little room for error. Due to these constraints, and the need to keep up with daily logistical issues, assistance in the form of a Transport Management System (TMS) offers a lifeline for businesses.
A transport management system (TMS) is a software platform that assists in planning and executing transportation. Successful supply chains rely on transportation management systems, which support planning, purchasing, transportation, and performance monitoring.
Challenges faced in the transport industry
The transportation industry is complex. Here are three challenges without the right systems.
Organisation issues
Organising multiple loads or jobs takes time and effort. Details can easily be missed, or passed on incorrectly, resulting in costly consequences.
Tracking freight
It’s ommon for shipments to be in transit at the same time around the country. It’s difficult to track all of this freight manually.
Lack of data to gather insights
Transporters and haulers need up-to-date industry data to offer optimal services. By accessing this data, it’s possible to gain insights to improve company processes. This also helps customer satisfaction.
8 ways a TMS helps maximise profits
Transport management adoption delivers vast time‑saving benefits, which translate into saving your company money and maximising profits.
Increases revenue
Using your TMS system in tracking trucking revenue per kilometre helps you stay on top of your company’s finances. Using this vital tool allows your company to highlight aspects that can be adjusted to increase revenue in this specific area.
Effective tracking
When you use GPS tracking within your TMS, you see how vehicles operate and which routes they travel. This helps you reduce fuel consumption and vehicle wear on every journey.
Aids in customer services
Transport management adoption helps your company deliver better customer service. Your operation becomes more transparent for everyone involved, as customers can book jobs online and stay in the loop with delivery confirmations and proof of delivery (POD).
Better efficiency in warehouse processes
If you use a warehouse as part of your transport business, you’ll know they can fill up quickly. A TMS can assist with managing the flow of products.
Better cash flow
Your company will be more efficient. With the operation more streamlined. This efficiency will also resolve cashflow management errors and allow more precise forecasting, freeing up funds that will be needed at certain times.
Reduces expenses and costs
Planning for general business costs using a TMS is vital to increasing profits. Planning and, more crucially, carrying out a consistent maintenance schedule results in a more organised operation, which translates to lower costs.
Helps in data analysis and forecasting
You can monitor the performance of your company’s internal and external resources. Utilising the TMS gives a better view of the entire process, and early action can be taken when necessary.
Effective fuel management
By planning routes more efficiently with a TMS system, you can ensure drivers travel fewer kms and avoid trips with empty loads. You will reduce trucking costs, through better fuel management, and boost your profit margins.
Benefits of a Transport Management System
In choosing a Transport Management system such as MyTrucking, your company will have access to many of the benefits mentioned in this article. Your company will also benefit from integrated invoicing, which allows all your jobs to move seamlessly to your accounts department.
In addition, MyTrucking’s custom report service has been a game-changer for smaller businesses, allowing them to export custom reports to their client base.
By adopting a transport management system from My Trucking, your company will be able to continue providing excellent service, with the added benefit of having more time and savings.
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