Top 2023 Trends in Transportation Technologies
Summary
Many SMBs use paper-based processes and Excel spreadsheets to manage purchase orders, freight quotes and bills, damage or loss claims, import/export documentation and more. A TMS hosted in the cloud uses APIs for easy integration with other systems, such as load boards, accounting apps, IoT devices and business intelligence tools. SaaS-based TMS models are supported by the vendor, so users don’t have to worry about employing an IT staff for software implementation and upgrades, which helps to keep operating costs at a minimum. The system considers various factors, such as transportation, production, inventory and demand, to identify the optimal configuration of the supply chain network that meets business objectives, such as minimizing costs, maximizing service levels, or reducing environmental impact. Some TMS vendors offer a basic version of their software for free, with limited features and challenges, to help SMBs get started managing their transportation processes.