Transportation Management System Technology’s Role to Navigate Market Disruption

Transportation Management System Technology's Role To Navigate Market Disruption
Disruption is a common topic these days. But let’s take a moment to consider this thought posed by Bindiya Vakil, CEO of Resilinc, via Material Handling and Logistics:
“Global business leaders need to understand that their supply chains are vulnerable. [It] has been a difficult year for global companies due to ongoing operational challenges that have curtailed growth plans and negatively impacted margins. Our data shows that impactful events happen one-third of the time, nearly every day, which should make CEOs and Board of Directors take the risk seriously.”

Without insight, it sounds like a description of 2020. But that was actually a description of the disruptions of 2018, which had followed major troubles in 2017. Why’s that important? It indicates that market disruption is a continuation and not something new. And for that reason, it’s time for an enterprise-level resource in transportation management system technology to take the reins going forward into 2021.

The Causes of Market Disruption Are Growing More Severe and Prevalent

The causes of market disruption are not new. Fires, floods, weather, politics, customer behaviors, and countless other conditions affect freight management. Each affect may contribute to logistics market disruption. But it’s been a whirlwind for years. While companies stretched legacy resources, they are on the verge of snapping. The pandemic changed the game forever. And even as some stability returns, the continued effects will last for years. This is a new normal of supply chain management. It’s a new normal of a year-round peak season. That’s why time is of the essence in implementing transportation management system technology.

Transportation Management System Technology Provides a Beacon to Regain Footing

What does transportation management system technology do? It unifies the logistics environment to help managers execute more loads and work harmoniously with trading partners. That includes working with more suppliers, brokers, logistics service providers (LSPs), and carriers. It’s a cycle that needs more real-time data, actionability of data, and meaningful insights. But that’s not the full picture. The rest lies in using autonomous logistics to manage by exception and avoid the sense of micromanagement.

Tips for Using Transportation Technology to Thrive Through Disruption

Deploying transportation management system technology can seem daunting. That’s most true for smaller and mid-sized businesses. But its value remains unchanged and reinforces the need to select a provider that understands needs and can be a guide along the way.
For instance, a small shipper might need transportation management system technology to share data with more suppliers. Since business growth is a universal goal, network expansion is inevitable. And as the complexity grows, technology must be able to flex with it. Of course, that’s easier said than done. Instead, try following these top tips to use transportation technology and thrive through disruption:
  1. Connect the full supply chain with your transportation management system.

  2. Encourage other trading parties to either purchase the same system or take advantage of vertical-specific portals.

  3. Use automated data capture to collect information from IoT-enabled sensors and equipment.

  4. Let advanced analytics, including descriptive, diagnostic, predictive, and prescriptive analytics, manage most needs.

  5. Consider implementing deep learning algorithms to refine system configurations and workflows continuously.

  6. Manage by exception, focusing on the high-priority, intervention-needed items.

  7. Work with an expert that understands and does it all, based on years of experience.

Deploy the Right Transportation Management System to Future-Proof Your Enterprise Now

The right transportation management system technology should empower the supply chain, its components, and its trading partners. An effective system works regardless of disruption. And it allows for complete, end-to-end transparency, freight management, automation, and optimization. MercuryGate’s transportation management system does all of that.

Explore the possibilities by requesting a MercuryGate transportation management system technology demo today

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