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January 13, 2025Top 10 Features Every Shipping Company Should Demand in a TMS
Why the Right TMS Features Matter
A great TMS acts as the central nervous system of your logistics operation. It provides the tools you need to improve visibility, eliminate inefficiencies, and scale your business. Without the right features, you risk delays, billing errors, and frustrated customers.
Think of a TMS as your logistics GPS—it ensures you’re on the fastest, most cost-effective route to your goals. Let’s break down the key features that separate an average TMS from an exceptional one.
1. Real-Time Tracking and Visibility
Have you ever been caught off guard when a customer asks, “Where’s my shipment?” Real-time tracking ensures you never have to guess. This feature provides accurate, up-to-the-minute updates on the status of shipments, helping you anticipate and address delays before they escalate. Plus, offering customers visibility into their shipments builds trust and enhances the overall experience.
2. Automated Freight Auditing
Manually reviewing freight invoices for errors is tedious and prone to mistakes. Automated freight auditing eliminates this hassle, ensuring billing accuracy by flagging discrepancies before they cost you money. Think of it as a virtual accountant tirelessly working in the background to protect your bottom line.
3. Advanced KPI Reporting and Analytics
You can’t improve what you don’t measure. A strong TMS includes advanced reporting and analytics tools to track performance metrics like delivery times, freight costs, and carrier reliability. With these insights, you can identify inefficiencies and make smarter, data-driven decisions to optimize your shipping operations.
4. Multimodal Transportation Support
Modern Supply Chains have shipments that rely on a mix of transport modes—such as trucks, trains, and ships. A robust TMS should handle multimodal shipments seamlessly, ensuring smooth transitions between modes and streamlining complex logistics journeys.
5. Integration Capabilities (EDI and APIs)
Your TMS doesn’t operate in a vacuum. It needs to integrate with your existing systems, such as accounting software, carrier platforms, and warehouse management tools. Leverage a TMS with strong Electronic Data Interchange (EDI) and Application Programming Interface (API) support to ensure smooth communication between systems, reducing manual work and errors.
6. Automated Invoicing and Billing
Manually chasing invoices and resolving billing errors eats into valuable time. Automated invoicing streamlines the payment process, improves cash flow, and eliminates costly mistakes. It’s one less headache for your team, freeing up time to focus on growth.
7. Load Optimization and Route Planning
Half-empty trucks and inefficient routes mean wasted fuel and higher costs. A TMS with load optimization tools ensures you make the most of every shipment, while advanced route planning minimizes travel times and fuel usage. Together, these features drive significant savings and boost operational efficiency.
8. Claims Management Dashboard
Delays, damage, or lost shipments are inevitable in logistics. A dedicated claims management dashboard simplifies the process of tracking, filing, and resolving claims. Instead of juggling spreadsheets and emails, you’ll have a centralized platform to manage claims efficiently and minimize disruptions.
9. Customizable User Interfaces
Every shipping company operates differently. A great TMS offers customizable dashboards and workflows to fit your unique business processes. This flexibility ensures the software adapts to your team—not the other way around—boosting productivity and ease of use.
10. Scalability and Adaptability
Your shipping needs today might look very different from those five years down the line. Whether you’re scaling up operations, entering new markets, or adopting new technologies, your TMS should be able to grow with you. Scalability ensures you’re not constantly switching platforms as your business evolves.
How to Evaluate These Features in Your Current TMS
Not sure if your current TMS is meeting the mark? Start by asking yourself these questions:
- Does it include the must-have features outlined above?
- Does it make operations easier for both your team and your customers?
- Is it flexible and scalable enough to adapt to your business’s growth?
If you find your system lacking in any of these areas, it might be time to consider an upgrade to a more advanced TMS.
Conclusion
A TMS is more than just software—it’s the backbone of your logistics strategy. By prioritizing these 10 must-have features, you can transform your shipping operations, reduce costs, and deliver a better experience for your customers.
Take a closer look at your current setup. Are you equipped with the tools you need to stay competitive in an increasingly complex shipping landscape? If not, upgrading to the right TMS could be the smartest move for your business.it’s a game-changer.