8 Must-Have Transportation Management System (TMS) Features

A transportation management system (TMS) is one of the most comprehensive options available for streamlining your supply chain operations. Abigail Phillips writes for Supply Chain Digital with the eight elements that make up a really good TMS.

The Must-Haves

  1. Carrier contract management
  2. Risk management
  3. International logistics functionality
  4. Item visibility
  5. Parcel shipping support
  6. Freight settlement
  7. Business intelligence
  8. Benchmark data capability

Seek out a TMS that can digitally track your carrier contract agreements in real-time. It might be possible to centralize your accounting into one bill with one payment. A TMS should also have automated auditing processes and report generation to manage international shipping risks. International shipping in general should be made easier by TMS, and there will be constant visibility of goods down to the item level. And interestingly, a TMS will give you benchmarking data on carrier rates and service information for better negotiating. To hear about these points in further detail, you can read Phillips’ full article here: http://www.supplychaindigital.com/supplychainmanagement/3694/8-musthave-transportation-management-system-40TMS41-features

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