After a series of articles on the Transportation Management System (TMS), today we will delve deeper into some of the core functions and benefits of TMS.

Main features of the TMS Transportation Management System

Load planning

With TMS, shippers can easily find rates, plan routes, and choose carriers.

Benefits: Because TMS uses complex algorithms to optimize each shipment, shippers not only save time at the user interface but also save time and money during the entire shipping process.

Carrying out transport

A TMS automates the freight bidding process, using shipper routing guidance to digitally bid shipments to carriers at predetermined prices.

Benefits: Instead of shippers manually measuring carrier capacity, adoption, and performance before dispatching carriers, TMS filters through vast amounts of data and accelerates shipping bookings and tenders.

Freight tracking

TMS helps collect and consolidate detailed tracking information and records the movement of a shipment throughout its entire lifecycle - from warehouse to final destination.

Benefits: This not only allows shippers to receive real-time updates on the movement of their goods but also allows them to track and measure the carrier's performance.

Payment

TMS allows companies to automatically check each carrier's bill and easily pay the service provider.

Benefits: When it comes to financing, TMS simplifies and streamlines the payment process for both shippers and carriers by providing access to freight, invoice, billing, billing, and cost performance analysis.

In-depth report

A TMS provides in-depth reporting on shippers' networks and facilities and provides performance insights to support future planning.

Benefits: After monitoring and evaluating the broad data provided by the TMS report, shippers can develop continuous improvement strategies to reduce unnecessary costs, improve service levels (i.e., receive and deliver on time), and analyze overall cost savings.

Why should you invest in a TMS?

The implementation and maintenance of TMS require a large investment in both finance and human resources, however, most businesses in Vietnam are not interested in this investment, although this is considered one of the necessary strategies.

Robust digital solutions are an essential component of nearly every shipper's overall supply chain strategy.

According to a recent study, TMS is an essential piece of technology for most shippers.

• 98% of large enterprises in the world use TMS
• 83% of small businesses around the world use TMS

To be able to keep up with the development of the transport management industry, Vietnamese businesses need to make the necessary transformation.

Epilogue

Meksmart gives your business complete control over your transportation operations. With the Meksmart-TMS transportation management system, you can upload bid routing and freight guides, purchase truck loads and LTL spot prices through our interface, and manage and track KPIs with different types of automated reports.

Sign up now and try our platform for free!

Reference: https://resources.coyote.com/source/what-is-a-tms#TMS%20functions