Transportation Management and the Supply Chain
In addition to transportation management, other components of a typical SCM system include procurement, product lifecycle management, supply chain planning, order management, manufacturing, inventory, and warehouse management.
Changing Consumer Expectations
In today’s world of same-day shipping and real-time tracking, consumers expect to get what they want, when they want it. Keeping up with this demand is putting unprecedented pressure on traditional businesses, and nowhere is that being felt more keenly than in the supply chain. The physical movement of goods is a critical link in that supply chain, and more and more businesses are relying on transportation management systems to help them manage this function.
TMSs and the Smaller Business
Smaller businesses—those that spend $5 million to $10 million annually on freight—have traditionally relied on spreadsheets and other manual methods to manage transportation. But now, cloud-based solutions are making it more affordable for these smaller companies to invest in a TMS.