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

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 process. Transparency is the heart of the transport departments that will keep the supply chain rolling, without any hassles.

Transportation Management System is the key

Based on a survey conducted, 54% respondents wished to have extra IT services that would cater towards better demand-supply visibility. Another survey says that only 35% of shippers use the transportation management system and surprisingly 39% of transport & logistics companies wish to update their ongoing system.

Benefits of an integrated transport management system

The demand-supplychain becomes more spontaneous and active with the use of the transportation management solutions. The logistics department disagrees with this and seems to think that the transport department depends on Excel sheets, numerous phone calls and emails. Regardless of all this, the transport management system consists of a lot of data; which can be used as an analysis tool due to which the supply chain is visible, resulting in the improvement and predictions of future demand levels, before schedule.

One of the solution is also where it offers a solid ROI. The best form of cost-cutting is due to spending less on freight via lower cost modes, effective direction-finding and better negotiation deals. Surveys also prove that there is a 6% of freight savings due to the transport management system and 60% users of the same, show less than 25% of net savings used up for the investment of the TMS. With the betterment of the supply chain facility, there are more and added benefits that include enhanced customer service as well as capture the most-needed data points, partake in analytics and make alterations as per the understanding of the shippers.

Comments

Post a Comment

Popular posts from this blog

Discover the Potential of Augmented Supply Chain

Image
The world is changing, and advanced technologies are dramatically disrupting the supply chain ecosystem. The Internet of things has radicalized how machines interact with people and one another. Sensor-driven technologies and advanced analytics hold promise in restoring the balance between workload and production. The supply chain is standing on the cusp of innovation and augmented reality (AR) is becoming more applicable to today’s supply chain needs. Most of the organizations have been adopting digitalization to participate in and add value to the network. Seamless system integrations are vital to establishing real-time integrated logistics and predictive networks. The future belongs to the organizations competing— and winning—based on the capabilities they can connect across their supply networks. With time, supply chain processes must augment and change with a massive injection of new technologies, robotics, artificial intelligence, big data approach, and contemporarily become more
Read more

4 Ways to Keep-up with Digital Transformation in Supply Chain

Image
  As per a recent survey conducted by Forbes Insights, “65% of logistics, supply chain, and transportation executives acknowledge the necessity to revamp existing models and add flexibility to business operations in order to ensure omnichannel delivery, reduce costs and meet the ever-shifting consumer demand.” Well, these statistics are testimony about the rapid transformation that the supply chain industry is experiencing and most of it has to go with the digital revolution. Hence, it becomes all the more evident why having a proper strategy for digital transformation is necessary and how one can easily adopt and adapt to it. Here are the four ways that are indispensable in the modern age supply chain industry that help one keep up with digital transformation. Smart Automation : In the new wave that is digitalizing everything, the expanse of automation has grown manifolds. And, the tech behind this revolution is IoT. While hardware accounts for most of the IoT technology today, anal
Read more

TELECOMMUNICATION CHANNELS AND SUPPLY CHAINS RIGHT FROM THE FUTURE

Image
The next- gen wireless technology will offer a new application landscape on a B2B & B2C scale, with near real-time connectivity. In the last decade, 4G has become the standard for many mobile consumers around the world. Currently, fourth-generation wireless systems benefited the most yet in the aspect of new channels of data consumption, but it also has limitations. Over the upcoming era where connected devices usage will rise and it will require networks to transmit massive data in near real-time. AT&T launched  the earliest 5G deployment around the end of 2018 in 12 cities but the widespread implementation of the technology may take the next few years. Tale of Wireless Technology Systems: These systems were available as commercially to end-consumer from around late 1970s and early 1980s. The first generation (1G) of wireless technology systems came with the introduction of cell phones. These devices and networks allowed for mobile voice calls, but nothing
Read more