What is the Necessity for Freight Management Software?

Logistics Tech Outlook | Thursday, January 13, 2022

In recent years, changes in automation and efficiency have been made to the logistics and transportation sector. Modern technology has made its way into the supply chain for a strong industry.

FREMONT, CA: A SaaS-based freight management software (FMS) application is a computer program that automates the internal and external operations of a broad range of freight management tasks. SaaS-software as a service—is a cloud-based solution that enables users to access digital platforms without downloading or installing software on their computers. This system offers complete flexibility, as it can be accessed from any location and on any device, including a computer, tablet, or smartphone.

A SaaS-based FMS ensures higher accuracy and efficiency and real-time tracking for increased visibility throughout the operating network.

FMS can manifest itself in a variety of ways, including the following:

• Software for Enterprise Resource Planning
• Software for Supply Chain Management
• Transportation Administration System
• Software for Rate Management

All systems strive to consolidate necessary data and functionality into a consolidated platform. The dashboard enables users to access real-time prices, view reports, and schedule pick-ups and deliveries.

Depending on the business, FMS enables the monitoring and automation of multiple operations without the need for multiple systems or lengthy wait times. All business activities may be optimized, monitored, and automated through FMS.

Today's modern FMS is a multi-functional interface that supports the API integration of various company operations. The primary roles of an FMS are as follows: ‍

Arranging for Pick-Up and Delivery: The freight movement can be scheduled and monitored in real-time. FMS enables the simultaneous monitoring of several shipments. This includes a precise arrival time estimate and the ability to reroute and react to disturbances and delays. Additionally, it enables the identification of the appropriate carrier and the fulfilment of client expectations.

Shipping Documents Preparation and Printing: The vast paperwork that transporters and retailers must deal with is one of the most crucial and time-consuming operations inside global supply chains. FMS enables the collection, downloading, and transmission of required papers along the supply chain. A well-designed FMS efficiently manages international paperwork, ensuring frictionless trade.

Notifications and Tracking: Tracking freight is one of the most time-consuming activities when performed manually. Thanks to FMS, calling or emailing the multiple stakeholders along the supply chain to localize the transported goods is no longer necessary.

Once the shipment leaves the warehouse, the FMS automatically follows it and notifies the destination and any third parties engaged in the transportation chain. This is a critical enhancement for end-to-end visibility and transparency.

Operation of the Back Office and Quoting: Back-office activities are the most time-consuming aspects of running a business. Numerous phone calls, emails, and multiple sheets result in inefficiencies and errors. Quoting frequently takes hours, with companies obtaining and comparing prices from multiple carriers before settling on one - only to discover that the chosen cost is out of the current. FMS enables the automation of most procedures, enhancing accuracy and efficiency and providing real-time rates in a matter of seconds.

Weekly Brief

Read Also