Freight Forwarding Software: Bridging the Gap Between Shippers and Carriers

Logistics data analytics assist shippers and carriers in optimizing operations and collaborating for mutual benefit. Freight tracking software offers real-time shipment tracking, improving customer experience, decision making, and forecasting.

Improve collaboration between shippers and carriers using logistic software, which helps streamline operations for industry stakeholders. Since the operations of various industry stakeholders often overlap and influence each other, optimization through freight forwarding software helps everyone. Ensure collective progress by investing in logistics automation that assists shippers and carriers in more effective data sharing and communication.  

Inventory management with freight forwarding software

The shipper focuses on managing their inventory, keeping an eye on all the items in stock and checking periodically to see if stocks are low for any item. Inventory managers have their work cut out for them since inventories are usually running on large numbers. This is where logistics data analytics and software integrations come in to make things easier for inventory managers.

Warehouse management

How you use your warehouse space has major consequences for your business. The space that could’ve been used for more stock may end up being wasted due to poor space management. You risk wasting money, human resources, and time if your warehouse manager doesn’t rely on automation for routine tasks. Shippers can optimize warehouse management using freight forwarding software that involves a sustainable approach. Besides your warehouse documents shifting to digital from paper, you save electricity, make better use of manpower, prevent delays, and create more space for new stock.  

Software integrations

It’s difficult to find a one-size-fits-all solution for shipping companies. You want a centralized management system, but there are always going to be some features missing that you really want in your setup. Software integrations are the way to go for optimizing shipping operations. Logistic software is flexible enough to have room for integrations such as transportation management systems (TMS), warehouse management systems (WMS), and enterprise resource planning (ERP) tools. Different features available in supply chain management tools can be combined to create a customized solution that works perfectly for running your company’s warehouses.

Restocking products

Manual monitoring of your stock is inadvisable because it simply consumes too many resources, especially human resources. Your employees’ skills can be better utilized in other operational areas where humans perform better than software. Checking the levels of various stocked items can be handled through logistics automation. You can get data about sales trends based on your company’s sales, letting you know which products are selling out fast. Shippers can learn about sales trends using logistics data analytics and prepare for future outcomes. Software can alert you on items having low stock and even restock them automatically based on programmed commands.

Real-time Shipment Tracking via freight tracking software

Having a centralized dashboard that shows you all of your active shipments in one place helps keep an eye on your assets. Automated freight management systems provide GPS tracking solutions to keep you informed about the location, status, and condition of your shipment.

Instant notifications

Global freight management depends on close collaborations between key industry players, who require each other’s services for regular operations. The end consumer, who expects to receive the shipment, is also an important party in this entire scenario. Freight tracking software gives you real-time updates on shipment dispatch, customs clearance, port arrival, port departure, delivery, and more. You’re always aware of the milestones in the journey of your shipment being completed one by one. Data on real-time shipment tracking gives you major insights, allowing you to prevent delays and improve route management.

Customer experience

From the point of view of a freight forwarder, they’re trying to help shippers in their routine operations. A freight forwarder invests in freight tracking software, receives real-time alerts about shipments, and keeps shippers in the loop about the latest shipment developments. As news reports about traffic and weather along the route of your shipment pours in, the freight forwarder can make better decisions. The more information freight forwarders provide to shippers on the location, safety, and progress of their shipments, the stronger their relationship with shippers. Similarly, shippers can use data from freight forwarders to give their customers real-time updates on their shipments to upgrade customer experience.  

Freight shipping rate calculation using logistic software

Crunching numbers through manual methods is difficult and certainly not recommended in this digital era. Several stakeholders depend on the numbers you share for their own records and these figures remain in your databases for reporting and forecasting. Achieve faster and more accurate rate calculations using freight forwarding software. Extracting data about freight shipping rates is easier with software since data organization and sharing becomes more efficient. You don’t have to spend more time on acquiring rates when you have automated tools to assist you. Visualize the data for freight shipping rates using freight management systems to help you compare rates.     

Digital documentation for shipping operations

Every operational area in a shipping company requires some form of documentation. There are specific documents related to billing, clearance, and more. Since a freight management system has been programmed to handle documents in this industry, you can generate automated documentation.

Sustainable digitalization

Reduce your carbon footprint by saying goodbye to paperwork and hello to digital documents. It’s far more efficient to extract data, create documents, store documents, and share documents using logistic software than manual means. You can save your employees’ time and energy as well as electricity by shifting to digital documentation.

Employee productivity

Think about an employee working from 9 am to 5 pm on creating the same kind of document over and over again for different shipments. Handling shipping documentation can be quite tedious and lead to burnout. Overall, you experience more delays and errors in your shipping documents in the absence of freight forwarding software. Invest in automation so you can manage more documents in less time and require fewer employees for the same task.  

Accurate documents

You might be alarmed to learn that a large number of documents, especially invoices, have human errors in the first drafts. If you spend so much time correcting different versions of the same documents then when are you going to send them out? Logistic software gives you peace of mind by automating documents, getting the numbers and details right the first time. You save time and develop a good company reputation among your customers.  

Monitoring carriers through logistics data analytics

It can be challenging for shippers to find the right carriers and liners for transporting their cargo. The stakes are high for shippers as they’re directly dealing with their customers in the case of mishaps, delayed deliveries, or damage to their goods.   

Data visualization

One of the ways that freight forwarding software transforms operations for shippers and freight forwarders is handling data. Gathering data becomes easier and faster while you can readily organize your data and store it using a freight management system. When you need your data to collect insights, you can generate automated reports. There are different tools in logistic software that allow you to visualize data for specific operations. You can see the big picture of your company’s progress as well as that of the carriers you’ve hired in the past.

Carrier comparison

Whether you’re trusting a carrier or liner with your goods for years or just a shirt while, you can use freight tracking software to monitor their performance. Your freight management system draws up data from the carriers you’re interested in and visualizes that data to show their progress. Decide which data should be going into the charts and logistics data analytics will display the results on your screen.  

 Shippers and carriers can collaborate more effectively in freight management using centralized logistic software that facilitates communication, reveals the truth about performances, allows shipment tracking, and improves operational efficiency.