A TMS supports the full process of the supply management, providing businesses with end-to-end visibility of their logistics, with different capabilities to focus on the different parts of the logistics process.
While reducing costs and ensuring margins increase, a TMS allows supply chain managers to maintain a high level of service while maximizing output and efficiency. This is achieved though enabling optimal communication among different transportation partners,.
Capabilities like data collection and analytics support the decisionmaking process and allow businesses to foresee changes in volumes and demand in advance to react accordingly. Traditional tools such as phone calls, email, and even fax machines are left behind with the implementation of a TMS, reducing time spent and manual errors than can cause delays and significant financial losses.
The possibility to connect a cloud-based TMS with legacy non-cloud systems and other software solutions enables the usage of one tool for the end-to-end process. Stakeholders have access to a large amount of data and develop better techniques for decision-making, supplier management, and spend reduction. When used properly, a TMS can enhance business processes, create a more efficient and higher-velocity logistics network, and support risk reduction throughout the company.