3 Key Processes Of Transportation Management System

Transportation Management Systems are really meant to increase the ROI and efficiency of your logistics company and has become a mandatory element for an effective logistics management. The transportation management system or TMS helps your make your logistics management more organized and accurate.

Transportation Management software are aimed at bringing down the time, cost and improved profit. If the time and cost taken are decreased, then there is no doubt that your profit would sour high. All you need to do is to learn to manage this amazing tool in the right way. If you are not managing TMS in the proper way then you cannot expect your business to improve.

Here I would like to talk about the 3 key processes of a transport management system, which have an influential role towards the success of your logistics business.

1) Planning and Decision Making
Planning and Decision making are the most essential parts of any successful organization and cannot be ignored at any cost. If the planning and decision making are not up to the mark, the business is sure to suffer. There have been many instances when many companies have vanished due to lack of proper planning and decision.

A transportation management solutions helps you to plan your logistics business effectively and categorize your transport schemes accordingly based on the importance as per user policy. Some of the major things that plays vital role in proper planning and decision making are transport cost, shorter lead-time, fewer stops, flows regrouping coefficient etc.

The TMS systems is also known as logistics management system and helps you to calculate your transportation cost and adjust your routes so as to experience a decrease in the transportation cost. It helps you to find out which routes yields you better profit margin and which are the stops that needs to be avoided without harming your profit ratio.

In the end the report generating facility offered by this vehicle management system helps you to analyze your logistics management in a much better way. You can even change the scheduling and routing of your vehicles for better results. The report helps you to plan better and make decisions based on that.

2) Customer follow-up
TMS helps you to experience a better customer relationship and follow up due to its enhanced features. One of the advanced feature that makes the tool stand out is the GPS vehicle tracking facility, which helps you to track your vehicle with the help of satellites. With this you would be able to inform your customers as where the vehicle is and when their goods would be delivered. It also helps in effective billing, accurate report generation, documentation etc, which makes your customers happy and satisfied.

3) Measurement
A transportation management system offers you a detailed and customized analytics report which would help you to understand your business in a much better way. The report would help you to find out the areas that needs improvements and also help where you stand when compared with the previous months.

Achieving Vendor Compliancy With Freight Logistics

In the world of modern retail, there are three keys to making products sell well: developing great products, developing great advertising campaigns, and meeting the vendor compliance standards of large retailers, where products sell in higher volume due to heavier customer traffic and other factors. At first glance, the hardest part of this trio would seem to be developing great products or great ad campaigns. But for many companies, meeting compliance standards-also referred to as vendor requirements-is the biggest challenge. All retailers have vendor compliancy standards, but larger retailers’ standards are the most stringent, beginning with method of shipping and ending with how goods are labeled upon arrival (carton barcode label formats, shipping documentation formats, UPC hangtag or label formats, EDI document formats, etc.).

As one might expect, a prominent reason why small to midsized companies don’t sell through major retailers is the cost of implementing infrastructure that would facilitate vendor requirements. There are, however, ways to make complying with major retailer requirements affordable, and one of them is shipping logistics, which comes in three basic forms: in-house logistics, third party logistics (3PL), and logistics software, also known as freight management software. In house logistics requires hiring experts whose salaries sizably increase payroll, while 3PL and freight management software are more affordable, with the latter receiving first position, as it allows companies to become their own logistic expert for the price of a software as a service (SAAS) application.

How Can Logistics Software Help With Vendor Compliancy?

Freight management software can assure that certain compliance standards are met during the shipping process, such as preferred method of delivery, freight packaging and stacking strategies, and labeling. But it can also make affordable the infrastructure necessary for compliance standards that it doesn’t encompass by significantly reducing the cost of the shipping process. Freight management software reduces the cost of shipping in two ways: by eliminating the considerably higher expense of in-house experts or 3PL providers, and by increasing range of shipping options, identifying options that aren’t possible with most 3PL providers due their business interest in the shipping arrangement.

Companies that implement freight management software typically experience a 10 percent reduction in annual shipping cost after one year, with savings increasing thereafter. Considering increased profits that come with selling goods through major retailers, this savings could facilitate other necessary compliancy moves that would soon be offset by increased sales. If your shipping process hasn’t been reviewed in recent years and you aren’t selling your goods through major retailers due to vendor compliancy requirements, contact a provider of freight management software for a free consultation today. You may be able to save on your shipping process and start selling your products at larger retailers, a scenario that could revolutionize your bottom line.

Reverse Logistics in Service Lifecycle Management

Maximization of available resources in order to increase profits is the prime objective of most service and manufacture-related businesses. These organizations build strategic models for management of workforce, customer service, assets, etc. The combination of all these and a few other factors is known as service lifecycle management.

Service lifecycle management is a holistic approach that helps organizations to increase revenue potential by putting together service opportunities to form an integrated cycle, rather than be viewed as separate entities. It combines all-service based operations into a single, complex network of workflows and connected business processes. It brings together and optimizes critical business processes and resources such as contact center, field service, return and repair, logistics, sales and marketing, while also encompassing dynamic scheduling, business intelligence and service to customers.

An important component of service lifecycle management is reverse logistics, the last important step in supply chain management. Reverse logistics is the process of moving goods from their final destination to another point, back in the company, for the purpose of capturing value otherwise unavailable, or for their proper disposal. Reverse logistics covers the spectrum of damaged merchandise, restock, salvage, recall, recycling, disposal of hazardous and obsolete equipment and asset recovery.

More and more companies have begun to acknowledge the importance of reverse logistics because without a comprehensive return system in place, there can be a loss of millions of dollars in revenue. It is important for businesses to devise service management solutions for reverse logistics because they help greatly in reducing cost and increasing profitability.

Reusing and recycling cuts down the amount of waste fed into the supply chain while also reducing operating costs. Several businesses have been able to recover their costs from areas such as raw material procurement, manufacturing, waste disposal and regulatory compliance.

Other benefits of reverse logistics include immediate recognition of out-of-date components and high savings on warehouse stock. Service management solutions for reverse logistics ensure that refurbishment and replacement of products take place in less time.It combines all-service based operations into a single, complex network of workflows and connected business processes.

Service management software includes many features that streamline the extended services and re-connect them to the lifecycle, thus enhancing service lifecycle management. The software has capabilities of allocation cost to accurately reflect profitability, processing warranties and claims, checking customer credit, analyzing profit contributions and detailing returns logistics, in-house and outsourced repairs, etc. Together, all of these give a boost to a business’ bottom-line.

Simple Solutions For Property Management Start With Property Management Software

If you have ever tried to manage multiple property listings with the right property management software, you know the logistics nightmare it could be! It doesn’t matter whether you are in charge of one apartment complex or dozens of industrial, residential and commercial properties, having one software that can handle the nuances of each is not only a time saver, it is essential to effective business practices.

Software Offers Clear Vision

If you utilize multiple software programs and tracking mechanisms to manage your complex property portfolio, there is high probability that errors will occur. Have you ever missed a few tenants that have been rent arrears? Have you ever had to revise maintenance schedules or forgotten property inspections? The right property management software can straighten out most of your administrative problems without error.

The interesting part of the software is that it can allow for multiple logins, which is especially useful if you have a manager for each property you own. Your managers can individually log in and enter data about their properties. This feature makes it easier for you to keep track of each property and what each manager is doing for you. The ability to enter data separately for each property means you can also better track mistakes and rectify them.

Flexibility and Ease of Use

Property management software allows you to track all of the locations in your complex portfolio. Instead of having to manually track down tenants who are behind in rent or have leases coming up for renewal, you can simply run a report. When scheduling maintenance crews for your property, you can maximize their labor time using the software. Tracking vendor deliveries, property inspections, and many other administrative tasks is much each with software.

Integrating accounting functions for each property you own into one program is also an exceptional feature. Can you imagine having to do each one by hand and then trying to get a global picture of your finances without the software? Project management, such as scheduling major improvements, is much simpler with the right software to plan, track and implement.

Other Benefits

One of the most interesting and less thought of benefits of software to manage your property investments is the eco-friendliness. With software to streamline your accounting and administrative tasks, you produce less paper. You also waste less manpower and increase productivity.

Choose a software company that offers training and after-sales support. Sometimes, problems or questions will not arise until weeks after you have gone “live” with your new program. With the right property management software, you can increase your profits, decrease expenses and have more time to focus on marketing and client relations.