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Data, Software, Logistics & Supply Chain March 2, 2023
A cloud-based TMS is a system that is easily and completely stored and accessible from any location with an internet connection. This implies that data is constantly being logged between access points and the cloud itself. Because of its flexibility, scalability, and cost-effectiveness, cloud-based Transportation Management System (TMS) software has gained considerable popularity in recent years.
Cloud-based TMS software gives real-time insight and control over the transportation process, allowing organizations to simplify operations and enhance productivity. However, with so many alternatives available, selecting the best cloud TMS software for your company can be a challenging endeavor.
This article will offer an overview of the different cloud-based TMS software alternatives available in the market today. It will go over the benefits and drawbacks of each program, including its features, simplicity of use, and customer service.
Transportation management software systems are classified into three types: on-premise, hosted, and cloud-based. Legacy TMS systems are placed on a company’s internal servers, whereas hosted or cloud solutions do not require any software installation.
Cloud-based software is the least expensive of the three options mentioned since it requires little to no upfront investment, has low maintenance fees, and is extremely expandable, making it perfect for smaller freight brokers.
These systems, however, cannot be upgraded in real-time, so you will not receive data updates on individual shipments as you would with in-house legacy TMS systems. Although cloud-based TMS software is the most cost-effective solution for freight brokers on a tight budget, it may lack data updates that are critical to particular freight broker procedures.
The vendor hosts the cloud-based TMS solution, which is accessed via a browser and paid for on a monthly subscription basis. The business does not own the software in the same way that it would with on-premise solutions, but the subscription model ensures that the vendor handles upgrades, maintenance, support, and infrastructure.
Cloud-based TMS software is typically more adaptable and agile than traditional on-premise systems and uses cloud computing technology to make the entire platform available from any device, anywhere.
This implies that both the freight broker’s data and the platform itself are hosted in a distant network of servers that provide remote storage and processing capacity via a broadband connection. As a result, the risk of data loss will be reduced as compared to cloud-based TMS systems that save data only locally.
Moreover, depending on how competent and well-established the logistics software TMS vendor is, cloud-based TMS solutions can prove to be the best investment in terms of size and pricing.
These systems often include API and EDI connectivity modules for simple connections with industry load boards, tracking tools, booking, invoicing, and other carrier software for quicker processing and enhanced freight and supply chain visibility.
These are specialized cloud-based providers of omnichannel shippers, e-commerce firms, 3PLs, and freight brokers with end-to-end TL, LTL, and parcel capabilities. 3G-TM is a multi-mode transportation management system (TMS) that works well with mid-sized to large third-party logistics (3PL) providers, shippers, and other non-asset-based transportation enterprises.
For simpler handling of complicated shipping orders, the system conducts order management, freight planning, carrier rating, execution, and settlement from a single interface. With a relatively low TCO, the program is used in North America and other countries globally. Here are some pros and cons of 3G-TM software discussed next.
The software covers the complete transportation lifecycle, which includes rating, routing, multi-stop and pool points, tendering, tracking, tracing, and settlement. Whether you move $5 million or $5 billion in freight, 3G-TMs allow you to manage the entire transportation lifecycle with ease.
Another rising star in the industry, this cloud TMS solution is appropriate for enterprises of all sizes and includes capabilities for planning, executing, monitoring, and evaluating transportation operations. Cloud Logistics‘ primary focus is on domestic freight operations. Railways and international ocean and air transport are not currently accessible; however, they are being expanded presently.
Communication is essential for successful shipping operations, and Cloud Logistics provides customers with a holistic set of collaboration options. Shippers, carriers, and 3PL providers may all be reached via an integrated network that enables quick messaging between partners and relevant parties. Following are the pros and cons of using Cloud Logistics:
The whole system is extremely simple to implement and may be set up for use by firms within a day. On freight invoices, auditing options are also provided. There are additional analytical elements that can be readily integrated with MS Excel, as well as dashboards that can be modified based on the user’s needs.
Kuebix is a cloud-based TMS software that allows small and big freight transportation companies to book and manage LTL, truckload (TL), and package shipments. It provides a seamless transportation management system (TMS) complete with freight intelligence, allowing businesses to benefit from supply chain possibilities through visibility, control, and predictive analytics.
Companies can compare prices side by side and choose the best carrier for each shipment. Kuebix TMS automates the rest of the shipping process after you’ve chosen a carrier, including tracking, automatic invoice audits, exception management, and other end-to-end capabilities. Here are some pros and cons of using this Cloud-based TMS software:
Outgoing and incoming activities are also supported, and several modes of transportation are available, including LTL, LCL, intermodal, and heavyweight air. Clients can track carrier performance and shipment patterns using analytics tools to make better shipping decisions.
Cloud-based TMS systems are currently the most popular tools available for seamless transportation management, and they are quickly becoming the industry standard in the TMS market. Their advantages are well-established and include:
As you can see, there are several benefits to using cloud TMS software. The lower cost of entry makes these solutions ideal for small enterprises; however, it’s important to be aware of the drawbacks that come with it:
Now that we’ve seen some benefits and drawbacks of each deployment, let’s look at some of the major factors to keep in mind while looking for a cloud-based TMS solution in the market. Keep your company’s specific requirements in mind while looking for a solution best suited to your business needs.
When it comes to picking the best cloud-based TMS software for businesses, supply chain managers face a challenging dilemma. With so many new entrants into this space recently, it is more difficult than ever to choose an appropriate TMS solution that is cost-effective and also meets your requirements. Here are some factors to take into account when choosing a cloud-based TMS software:
Using a cloud-based TMS for your supply chain will help you extend your operations enormously if you pick the right one to meet your unique business requirements. While these suggestions are an excellent place to start, nothing beats seeking counsel from professionals and doing your own research.
Cloud TMS solutions are critical for organizations that want to stay ahead of the competition in today’s ever-changing global marketplace. There are several types of cloud-based TMS software tools available, each with its own set of advantages and disadvantages. The type of system you finally end up picking will be determined by your individual business needs and the amount of sophistication required to meet those goals.
At RTS Labs, we’ll help identify your biggest tech wins. As a custom software development platform offering high-end, tailored business solutions, we help you solve complex transport challenges across the board. Our TMS software solutions will help you optimize your logistics and transport operations with powerful data insights and analytics, roadmaps, and custom software.
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