The order-to-cash cycle is the set of business processes associated with receiving a customer order through to the customer’s payment.
Definition of Transportation Software (TMS) A TMS is the software platform that companies use to manage their freight and logistics activities.
Everything you need to know about domestic intermodal and how to be successful implementing it into your logistics strategy. Gives tips, tricks and insights on intermodal and what to watch out for when converting from truckload to intermodal.
Definition of Managed Transportation Services Solution: Managed Transportation Services Solutions (Managed TMS) involve shippers outsourcing their freight and logistics processes to a third party logistics (3PL) provider.
Definition of Logistics Logistics and logistics management is a subset of processes that fall under supply chain management that plans, executes, reports and coordinates the movement of goods within an organization’s network of stakeholders that include:
Often, companies start their quest in optimizing their logistics and supply chain management strategy by implementing a transportation management system (TMS) to improve their company’s cost and service structure for freight movements, while also bringing full transparency to all inbound and outbound product moves for its supply chain stakeholders.
As we have shared previously, less-than-truckload (LTL) can be one of the most difficult freight moves to get “right”. Between NMFC class ratings, confusing tariff schedules, various service coverage maps and claims, there is plenty in play that can take a great deal of energy away from other priorities in a shipper’s logistics and supply chain strategy. With all the moving parts LTL brings, the priorities of cost and service often takes a back seat to just getting the product from your dock to the ultimate customer at a better cost than last year.
Managed transportation services continue to be the #1 topic we talk with shippers about as they look to optimize their supply chain performance against the challenging backdrop of rising freight rates, tight truck capacity, along with changing and more challenging customer requirements.
The freight broker market continues to evolve its value-add proposition for shippers. Technology has put this transformation process into hyperdrive transitioning many freight brokers into logistics service providers (LSP’s).
Managed transportation services is the #1 topic we talk with shippers about as they look to better manage their supply chain performance. Surprisingly, there is very little information about how much managed transportation costs, who the largest providers of the service are in the market and what are all the options a shipper has with the types of services they can obtain through a managed transportation solution.
People connect with us every day on our managed transportation services to ask various questions about how the solution can help them. While the questions vary, the one question on everyone's list is how much it costs to bring a managed TM solution to their organization.