A holistic Transport Management System (TMS) is often irreplaceable for companies. It adds up value to their business which can be seen in the streamlined view of carriers & their status, consolidated accounting data and processes, ease of data entry and bird’s eye view of your shipments. 2010-2013 saw the rise and acceptance of TMS in logistics industry as an exceptional aid for business. Similar optimism is now shown by shippers to adapt to SAAS based TMS solutions. Shippers are acknowledging that web-based transport management system comes with added advantages of ease of ownership, predictable and cheaper cost, faster and more widespread access solutions. With an average ROI growth of 7.5%, shippers can easily validate the positive impact of cloud-based TMS solution on their business.
The need to switch to a web-based TMS solution is propelled with the changing scenario of logistics industry as well as higher connectivity and advancements in the digital world. The impact is not industry specific but the usefulness of the web-based TMS solutions are becoming instantly popular due to many industry-specific reasons. Saas based TMS solutions nullify the difficulties observed by the logistics companies in the adaptation of conventional TMS solutions. The constraints of resources and investments are fairly toned down in web-based TMS solutions which make it relevant for almost everyone. A web-based TMS also helps the whole company to process and ship in real time making its functioning much faster than the other options. It is also faster to switch and doesn’t need a large scale installation. This makes the complete decision of switching to a TMS solution for any new company very feasible.
Lower Cost of Ownership
The complete cost of ownership of a web-based TMS is cheaper right from the installation to maintenance. With the help of user-based subscription models, companies can start small and gauge their needs before going for a large number of user subscription. Free subscription trials for limited users also helps the companies to assess that which solutions works best for them and is easily usable by their workforce. This makes it a win-win situation for the shippers who can now take a much more informed decision with far lower risks.
Usability for Smaller shippers
The main concern for smaller shippers while going for a full-scale TMS is the utilization of TMS to the fullest. Most of the operations are relevant to large shipping companies, but smaller shippers still need to use the similar TMS due to the few but eminent features. This adds up pressure on them to equip their business with a workforce which is able to manage the TMS solution. Since the web-based TMS solutions are much cheaper and can be used on a user-based subscription model, it has greater relevance for the small shippers than the in-house TMS solution.
Designed to adapt
Cloud-based TMS solutions are aimed to be simple yet robust. As there is practically no physical limitations, these solutions are able to manage, communicate and process multiple user demands at once. With a little emphasis on user experience, a web-based TMS solution can work upon the inputs from the users without any special customization or changes. A web training or virtual assistance can be hosted for such solutions without maintaining an in-house support team. The web solutions are cognitive and easy to use which increases the adoption rate for these TMS solutions.
It is felt after the years of working on TMS solutions, that a higher efficiency can be attained if the processed can be completely automated. With cloud-based solutions, near to 100% automation is possible as it can manage multiple tasks from multiple geographies 24/7. Most importantly, you are able to achieve the synchronized working automatically even if there are multiple facilities are involved. They only need to be connected via the internet. It practically has no limitation which makes it a better program to keep your trucks running 24/7.
Cloud solutions are popular for their data independence and repositories. You definitely don’t need to worry about the fire insurance from the perspective of data, everything can be safe and secured from any physical hazard on the cloud. It is fair to keep your company documents, accounting details, receipts and finance records secured on the cloud such that you need not worry about data damage next time. Accidental loss of data or long downtimes can be a thing of past for you.
Just like you can right away start with web-based TMS without any manual installations, you can scale anytime without any hindrance. The main charm of cloud solutions lies in the swiftness with which they can adapt to your requirements without any visible change. This plays a very important role while dealing with services which are volatile in nature. Freight management being one of them. You can manage a huge spike or dip without changing modules or any other major change. If you want to get more users on board, just get an extension on the existing user base.
One of the most talked about and prominent feature of cloud solutions is that they give you the unimaginable freedom to explore your prospects. You can practically keep your business open 24/7 without worrying about providing the right equipment to the right group. With the rise in the intermodal transportation and nature of the services, ability to have regular communication is one of the hardest and most eminent part of the job. IFTA payments, tax receipts, purchase orders, ELD data and any other essential inputs can be retrieved by granting necessary permissions when it is available on the cloud. Cloud services are an apt way to keep the information flow streamlined and non-interrupted between the carriers and the operation centers. DreamOrbit is also working on extensive cloud-based solutions for transport management.
The global TMS market is rising at a strong 12.20% CAGR according to the Transparency Market research report for 2014-2022. One of the main catalyzers for this rise in North America is the high demand for web-based TMS solutions in North America. TMS have proven ROI and utilizes only 10% of the savings generated by them as suggested by 60% of the users. With the help of a web-based TMS solution, users are now getting a way to reduce this 10% expenditure further and increase the savings. In times when-when shippers are adequately aware of the benefits of a useful TMS for their business, it is time to take the next leap by looking forward to web-based Transport Management System for a better future.
DreamOrbit is a Logistics and Supply Chain Technology Development company. We have been creating meaningful and reliable software products for the industry which is “Always on the go” for the past half decade. We are highly motivated team aimed at innovation. Our philosophy is to “keep challenging the potential within”. With the support of our happy customers and dedicated team, we strive to provide best possible solutions to industry problems. Visit our website to know more about DreamOrbit.