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Top 7 Challenges Faced by Logistics Service Providers in Transportation Management

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With the increase in trade activity on a global front, several companies are trying to make their presence felt in the transportation industry. After all transport and logistics aid different businesses to forge relationships and collaborate with each other. Many believe that large organizations opt for in-house supply chain management and logistics to meet their business requirements. However, research reveals that most Fortune 500 companies prefer Third Party Logistics services for their needs. The companies prefer third-party logistics owing to their huge network that ensures a competitive advantage over most in-house supply chain systems. Outsourcing logistics also reduces time, effort and money while ensuring a seamless process. The market is competitive and providers need to retain clients in an aggressive manner, especially in the field of transportation. Here are some of the biggest challenges faced by third party logistics service providers: Time Utilizat

Demand-Supply maintains transparency and showcases visibility via the Transportation Management System

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The demand-supply chain is extremely important for the transport departments and technology plays a major role in keeping the transparency intact for the flow to be easier. This is where the transportation management solutions come into the picture. The importance of the ‘Supply’ chain visibility The definition of the transport industry has changed globally and due to that, there are some problems faced by the supply chain professionals. Statistics say that 73% people from the transportation industry are troubled about the planning of poor timetable. Not only this, 33% are concerned about the performance of transportation partners as per the service level agreements. Image Source :- cerasis.com Moreover, 74% were worried about cost-cutting and checking it at various levels that can impact revenue generation as well as profits. The supply chain visibility for the transport companies is mainly to manage and monitor the performance of the complete demand-supply