Successful supply chain management lies in achieving a balance between operational excellence, profitability, service, and speed. One shipping strategy, relying on multiple modes throughout the journey with a specific carrier, is multimodal shipping. Unfortunately, multimodal shipping remains an often-underfunded aspect of supply chain management. As reported by Jeff Berman of Logistics Management:
Shippers and logistics service professionals need to understand the value of utilizing a transportation management system (TMS) to optimize freight management.
Causes of Poor Multimodal Shipping Management
Multimodal Shipping Needs Consistent Optimization to Add Value
How to Use a TMS to Improve Multimodal Routing and More
- Evaluate the limitations of your current TMS, including the TMS’ limited capabilities with connecting with other supply-chain systems.
- Understand the physical limitations of your facilities and the process changes required to leverage multiple modes.
- Avoid the risk of daily updates in favor of real-time push updates regarding freight rate indices, market availability, mode selection, and more.
- Ensure partnering supply chain companies leverage a system connected to the same overarching platform as your company.
- Centralize document storage regarding all multimodal shipments within the TMS.
- Take advantage of robotics process automation to initiate automated activities within the TMS, such as payment processing upon invoice delivery, answering customer and client queries, and more.
- Recommission your supply chain assets to automatically generate and collect data that can be fed into the TMS to provide the most comprehensive view of your supply chain’s health.