What Is TMS Software? 5 Benefits Freight Brokers Can Take Advantage Of

What Is TMS Software? 5 Benefits Freight Brokers Can Take Advantage Of

What is a TMS software and it’s purpose for freight brokers?

A freight broker transportation management system (TMS) is a solution designed to help manage freight brokerage business more efficiently. It provides tools that help streamline daily tasks, provide full visibility into freight and automate virtually every step of load tendering.

How does a freight broker TMS help me run my business more efficiently?

The goal of a freight broker TMS is to help streamline day-to-day business operations and automate manual tasks.

For example, managing details of customer accounts by storing all of the customer information in a single online system. It also improves planning and decision making by helping to identify the most efficient transport options based on important business parameters such as cost, lead-time, number of stops and more.

A TMS makes it quick and easy to manage billing and payments electronically, audit freight bills, and pull various reports needed to manage the financial aspects of the business.

Will a freight broker TMS give me full visibility into shipments?

Yes. A modern freight broker TMS will include embedded visibility solutions that reduce supply chain disruptions by automating communications and providing real-time visibility into shipments across multiple parties and modes of transportation.

It provides real-time views of shipments and access to details like load status, ETA, and last known location.

What are the benefits of utilizing freight broker TMS?

  1. Automation – TMS’ helps eliminate most manual processes and streamline end-to-end transaction processing and tracking, from quoting to load assignment, management, and tracking, to financials.
  2. High Quality Data – Top TMS systems help provide new data and information needed to make fast, confident decisions in selecting the best mode and carrier to cover customers’ loads.
  3. Safety and Security – Security features and permissions contained in a freight broker TMS will control who can view which types of information, such as potentially sensitive or proprietary data.
  4. Customer Service – TMS reporting and analytics give brokers the ability to see the cause and effect on customers such as on time deliveries and carrier performance.
  5. Lower Costs – TMS analyzes data such as the numbers and finances of lanes/routes. From there it can source the top routes and carriers based on efficiency and cost.

How will a freight broker TMS add value to my business?

A well-designed TMS will let you quickly access and compare current and historical pricing information to help make the most informed choices to get the best possible lane pricing.

It will also provide a number of management reporting and analytics tools to help you measure performance to make better informed strategic decisions.

Document storage and retrieval options provided by a freight broker TMS will help reduce paper clutter and increase productivity by simplifying document imaging, management and distribution of vital documents.

By giving real-time views into shipments and supplying status details for each load, a TMS helps the team react quickly to possible delays to improve customer satisfaction and increase on-time performance.

How will a TMS help with dispatch?

A transportation management system (TMS) should offer map-based dispatch, which provides an intuitive graphic view that’s easy for the organization to scan and monitor loads.