Too Much Data Is Meaningless
A TMS Enables Data Management Through Analytics, Automation, and More
- The ability to increase proactive management of freight from inbound logistics to last-mile delivery, including reverse logistics.
- The full automation of logistics management.
- The ability to validate package details and ensure shipments are loaded according to specifications and avoiding potential issues.
- Using GPS-enabled sensors to track shipment status and location and real-time.
- Rerouting shipments to avoid adverse weather events and potential traffic congestion.
- Determining whether the current freight spend aligns with the current strategy and how current projections may rival past discounts and open the door to new negotiating power with carriers to secure lower better rates.
- Centralized documentation and record-keeping functions to improve global compliance with trade measures and also improve freight claims management.
- Integrated functions to complete payment to carriers, third-party organizations, and other business-to-business partnerships upon successful tendering, delivery, or other specified actions for each shipment.
- Reducing total freight costs by using a carrier scorecard, utilizing carriers that meet budget requirements and adhere to their delivery times.
- Improving rate negotiations with carriers are based on carrier performance instead of anecdotes.
Tips for Reducing Transportation Data Overload
- Unify your supply chain under the same, cloud-based platform.
- Use data to make decisions based on facts, not an assumption.
- Gain supply chain visibility by collecting data in real-time.
- Leverage analytics to understand the past, present, and future of your logistics strategy.
- Use audits to highlight and address your weaknesses.
- Let a third-party handle the data management for you.