Core functionalities of a TMS
Freight planning and optimisation
A TMS offers tools to optimise freight routes, modes of transport, and carrier selection. By analysing data on costs, lead times, and capacity, businesses can make informed decisions that minimise transportation expenses while maintaining delivery performance.
Real-time tracking and visibility
Modern TMS platforms provide real-time tracking of shipments, enabling businesses to monitor the location and status of goods throughout the supply chain. This level of visibility allows for proactive problem-solving, such as rerouting shipments to avoid delays or disruptions, ensuring smoother freight management operations.
Performance analytics
TMS solutions include advanced analytics and reporting features that help businesses measure logistics performance. These metrics highlight bottlenecks, track carrier reliability, and uncover opportunities for continuous improvement in freight distribution management.
Integration with supply chain systems
A robust TMS integrates with ERP, WMS, and inventory management systems to align all logistics operations. This integration eliminates manual data entry, reduces errors, and ensures seamless coordination across departments.
Freight audit and cost control
A TMS simplifies the freight audit process by verifying invoices and identifying discrepancies. By automating this task, businesses can ensure accurate billing and control costs more effectively, reducing unnecessary expenses and streamlining freight management.
Benefits of implementing a TMS for logistics
- Cost reduction: Optimised routes and carrier selection help lower transportation costs.
- Enhanced delivery performance: Real-time tracking and analytics ensure improved on-time delivery rates.
- Improved decision-making: Data-driven insights enable smarter logistics strategies.
- Increased efficiency: Automation reduces manual work and accelerates processes.
- Scalability: A TMS supports business growth by efficiently managing increasing logistics complexity.
How OpenFreight enhances TMS capabilities
TIG Freight’s OpenFreight platform integrates the core functionalities of a TMS with tailored logistics solutions to meet the unique needs of every business. OpenFreight connects seamlessly with systems like Pronto, NetSuite, Microsoft, SAP and MYOB Acumatica, allowing businesses to automate bookings, track freight in real-time, and generate detailed performance reports. OpenFreight simplifies freight distribution management by managing carrier relationships, reconciling invoices, and providing advanced analytics. This ensures businesses have the tools to optimise their logistics operations while reducing costs. Its robust integration capabilities and real-time visibility empower businesses to maintain complete control over their supply chain, ensuring efficient, transparent, and cost-effective freight management.
The bottom line
A Transport Management System is critical for businesses looking to remain competitive in today’s complex logistics environment. By streamlining TMS logistics processes, offering real-time insights, and automating tasks, a TMS enables businesses to reduce costs, increase efficiency, and enhance delivery performance. For businesses ready to elevate their logistics operations, TIG Freight’s OpenFreight platform offers an advanced solution tailored to your specific needs. Get in touch with us to learn how OpenFreight can optimise your logistics and take your supply chain to the next level.
