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Transportation management has multiple facets, and it could mean different things to different companies. But the real value of a TMS system will be when multimode legs are involved in shipping goods. And that's why the transportation and 3PL companies have greater needs for a TMS system than manufacturing and distribution companies. But if the manufacturing company manages its own fleet and requires visibility into multi-mode tracking, it might also need a sophisticated TMS system. So whether you simply use a shipping add-on or a full-blown TMS system for your shipping needs, you will need to integrate with your WMS or ERP system.
In today's episode, our guest, Fred Cartwright from Haversack, shares his insights into the nuances of transportation management systems from different perspectives of manufacturers, distributors, 3PL facilities, and transportation companies. He also describes the concepts such as mode optimization, consolidation, and spot market. Finally, he shares several stories of TMS implementations and describes several KPIs that companies should aim to get from a TMS system.
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WBSRocks: Business Growth with Enterprise Software and Digital Transformation