You can use a variety of software independently and in combination with other technological systems to optimize your business in the freight forwarding industry. Freight forwarders having outdated versions of software need to update their logistics technology. Surveys and reports reveal that stakeholders who don’t adapt to the changing technologies in freight forwarding will suffer loss in the coming years. Competition is getting tougher as different kinds of software for freight forwarders become more accessible, presenting cost-effective solutions.
Stay up to date with the latest innovations in the market, identify your biggest challenges, and match your problems to available technology solutions. You may go for specific integrations to support the performance of your main freight forwarding software. The choices you make for running and optimizing your operations may differ from your competitors, but the goals should include increased efficiency and productivity.
Which logistic software optimizes freight forwarding operations
A number of freight forwarding systems are available to streamline operations in freight forwarding, which indirectly makes things easier for all connected stakeholders and third parties. Besides a primary dashboard that gives you control for remote management, some kinds of technology solutions are related to a certain operational area within your business.
Transportation management system (TMS)
Planning, execution, monitoring, and optimization are all functions you can handle using a reliable transportation management system (TMS). You can collect and organize incoming transportation data in one place for your convenience. Freight forwarding software can make your TMS perform even better, so it’s not like you’re forced to choose between two effective solutions. Forecasting and prediction becomes simpler and more accurate when you have a TMS installed. The data gathered by your TMS is useful for selecting faster, safer routes, making it a central part of modern logistics technology. Evaluate the performance of carriers and expect easy rate management using your TMS. Artificial intelligence (AI) is adding more value to your TMS experience. Data organization, storage, and collection is automated through logistic software such as TMS, which is a Cloud-based solution. Going digital means your data will be secure and stored via sustainable methods. You can extract, visualize, and share data quickly using TMS style software for freight forwarders.
Warehouse management system (WMS)
Among the primary concerns in the freight forwarding industry, handling warehouses comes with its own set of problems. You require dedicated logistic software like a proper warehouse management system (WMS) to ensure that daily operations are running smoothly at your warehouse. You’ll be intrigued to know that freight forwarding software having WMS integration performs well with minimum human intervention. Automation reduces the requirement for human resources while simultaneously creating new jobs for human staff. Logistics technology of WMS coupled with AI makes demand forecasting faster and simpler. When you have WMS guiding you on inventory management, you are always aware of sales trends and maintain your stock for improved customer service. Logistic software having WMS integration even allows you to automate orders for restocking items based on sales data. You have a better idea about the usage of space in different warehouses you own thanks to WMS and software for freight forwarders. Electricity consumption decreases as you find more efficient ways to maintain your inventory.
Enterprise resource planning (ERP) system
Get a broader view of your freight operations with an enterprise resource planning (ERP) system, which can be used in combination with WMS, TMS, and a dedicated freight management system. ERP solutions are similar to freight forwarding software in the sense that they are not limited in terms of which operational area they target. You can manage procurement, finances, and resource distribution using an ERP system. Customize your selected ERP software to make the most of modern logistics technology for your business. Depending on the size of your company, you can go for integrations such as TMS and WMS. Third parties function together much better with an ERP solution because it supports data flows and inter-party communication. Elevate your customer experience with logistic software that includes an ERP system, which shares data about shipments your customers wish to access in real-time. Centralized control offered by technology solutions like ERP tools facilitates communication, getting information to third parties in time for informed decision making. You can set up alerts for important actions, milestones, and third-party data sharing using ERP software for freight forwarders.
Freight forwarding software
Smaller companies looking to scale up operations benefit from investing in a full-fledged freight forwarding system. The best part about selecting logistic software at the level of freight forwarding systems is that flexibility with which you can add integrations that match your requirements. Use TMS, WMS, and ERP tools integrated with your freight software to streamline your operations. Since the logistics technology freight software provides isn’t limited to a specific operational area, you can maximize your potential of optimization. Achieve your goals for route management, cargo security, shipment schedules, and customer service using logistic software that offers real-time GPS tracking features. Whether you add a separate WMS integration or not, you can make your warehouse management protocols more sustainable and efficient. Not only is your inventory always updated on time, but your invoice management improves when you use software for freight forwarders. Fewer employees are required for automated invoices and the results are more accurate than before.
How freight forwarding software optimizes operations
Consider the size of your company and your plans to scale up in the future before investing in any kind of logistics software. You might choose economical solutions or go for integrated tools that support your operations, focusing on your top priorities.
Shipment tracking
GPS tracking in software for freight forwarders allows you to monitor the progress of your shipment, receive alerts about milestones, pinpoint the exact location of your shipment on a map, and view all active shipments simultaneously on your screen along with their details when you click on them.
Route management
Getting information about traffic, road blocks, delayed flights, and weather reports helps you select the most suitable routes for your upcoming shipments. Visualize real-time data using freight forwarding software to map out better routes and take quick decisions to avoid delays.
Real-time reporting
Automated reports and instant notifications aren’t just beneficial to freight forwarders and third-party stakeholders. Improve your customer experience through logistics technology by sending automated notifications to your customers about their shipments as you receive data in real-time on your end.
Invoice management
Rate search and calculations take minimum time and effort while using logistic software. Sending quotations and producing invoices becomes faster and free from human error through automation. You can cut down on costs, eliminate the use of paper, and free up your employees’ time.
Quick communication
When you have a centralized setup such as full-fledged software for freight forwarders, you can get real-time alerts, organize data, generate automated reports, and send information efficiently to third-party stakeholders. Improve your customer experience by sharing instant notifications with your customers.
Inventory management
Manage your inventory through the combined features of WMS, ERP tools, TMS, and freight software. You’ll be alerted when stocks are running low and you can set up automated orders for such a scenario. Logistic software offers AI-powered forecasting to keep your inventory updated according to sales trends.
Every area of your business operations is optimized depending on your unique requirements by investing in freight forwarding software. Choose integrations that match your current needs and generate automated reports for predictions that assist you in making plans for your company’s future.
