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Transportation Management Software
With the advent of cloud technology, transportation management software has become affordable to virtually any size shipper. While the tier one TMS providers cater to the Fortune 1000 companies, cost-effective TMS solutions are available that can help companies lower costs, increase efficiencies and provide supply chain visibility from shipment execution to final delivery.
TMS Features
- Rate shopping
- Carrier selection
- Shipment execution
- Tracking & tracing
- Settlement
- Systems integration
Freight Rating Engines
Freight rating is a critical part of the freight audit and payment process and it also one of the cornerstones of a transportation management system. Whether you are a shipper or third party logistics provider, you need an efficient rate engine that will accommodate all modes of transportation. With dimensional rating now being adopted by many of the less than truckload (LTL) carriers you need to make sure that your system is compliant with the new requirements. An effective rate engine also allows you to easily shop rates to find the least cost carrier for a specific
traffic lane. In addition to the rates, all eligible carriers also display transit times, which is a key part of the decision process.
Global Contract Management
Managing international air and ocean rates can be a daunting task due to the fact that there are multiple modes involved in the majority of shipments. To further complicate matters there are over three hundred accessorial charges and many of them can change on a dial basis. In order to ensure that you are looking at the most current rates, you must be using a contract management tool that is integrated with the carriers. It must be updated in a virtual real-time environment to ensure that you are seeing the most recent rates.
How this tool can be used
- Least cost carrier rate shopping
- Customer rate quotes
- Searching for alternative sourcing locations in different countries
- Rating or auditing of invoices