A freight management system helps shippers streamline supply chain operations, simplify the shipping process and increase logistical efficiency. Through the latest software technology, shippers can benefit on a time and monetary basis from the full visibility a freight management system offers their supply chain.
Also known as a transportation management system, freight management systems allow shippers to:
- Book orders instantly
- Find the best carrier rates
- Search all transportation modes
- Manage carriers’ negotiated rates
- Request and receive spot quotes
- Track shipments 24/7
Freight management systems are transport management systems (TMS) that focus more on freight. They guide shippers in managing their supply chain activities by making better logistical decisions. As an IT tool, it allows a shipper to understand the shipping process better while adhering to time and cost considerations. This harks back to the most elementary of all objectives in supply chain management: efficiently integrating systems to ensure productivity.
A freight management system consolidates booking, administering, and tracking activities. It gives a shipper a user-friendly experience in finding the best rates, searching for more appropriate transport modes and options, controlling delivery, and computing for prices. Doing general accounting tasks, from recording transactions to making invoices, is also fundamental.
Through its reporting and analytics capabilities, a freight management system can offer decision makers a wider set of tools to manage the logistics network successfully. With such a system, detailed reports can be generated, improving delivery times while allowing carriers to be on time consistently. This is good for customer service as much of the information required by a customer is already provided.
Through a management system, freights can be audited, accounted, and paid using fewer dollars. More so, if consolidation services can be utilised, the costs are even lower.
Through freight management software, a shipper can incorporate all transport modes, from road to air, in just one platform. This way shipments can be optimised cost-effectively. Also, consolidating documentation, handling claims, and generating reports, for instance, ease the job of end users significantly.
Accuracy is difficult to achieve with traditional systems. In freight, more focused deliverables are required. However, with freight management software, a shipper can get time-saving communication protocols, organised billing approaches, and better options for managing dock and yard schedules.