Effective Business Management requires a constant and dedicated vigilance which can monitor your all inbound and outbound business connections. Most importantly, having access to the information related to carriers, freight forwarders- from orders, to planning, scheduling, tracking and invoicing at any time or location (home, office or workplace etc.) allows implementation of remedial measures and solutions. Hence having an online system which shows real time data and stats is highly imperative. Moreover, online transport management allows you understand & visualize the workflow which can be used to modify your strategy & profitability. An online management system means you’re always keeping an eye out to eliminate weaker links.
A potent TMS system ensures all branches your business-like orders, Delivery planning, Transport, Inventory etc. are all updated in real time. Keeping Tabs on sending emails to suppliers, customers, reports, accounting, confirmation of delivery and so much more is simply automated with your TMS software.
TMS system keeps you updated regarding how much of your Inventory is depleted, available quantity of each product and initiates invoicing for supply as per assessment of demand. Most importantly TMS keeps your delivery times shortest through a well-balanced workflow in terms of travelling distance and maintenance of spare parts for transport vehicles.
Dispatching ordered items is generally quite a complex process. It may require the collection of product from manufacturer or may be available at the inventory. Next, TMS decides the carrier through a set of parameters like location, distance, type of delivery and delivery deadline etc. Next Optimization occurs through TMS by considering the inbound and outbound traffic within a stipulated time period.
This reduces cost per unit considerably and allows dispatching process to be timely and efficient at the same time. An effective TMS takes care of presenting real time stats to all relevant parties as well as manages all types of exchanges & communication through different freight carriers till doorstep delivery.
Finance & Accounting generally requires knowledge & implementation of updated taxes & charges pertaining to different regions, products and government policies. An effective transport invoicing software is perfectly capable of handling different types of invoicing application areas like cargo, aviation, Transportation, concession and payment invoicing etc.
It also performs all the necessary calculations & stays updated with respect to changing percentages. Moreover, sending timely billing to customers, suppliers, departments and receiving financial statements are all performed effortlessly. The data in terms of financial statements is exported in all types of formats like excel, csv or pdf as per your need of the hour.