The Evolution And Future Of Transportation Management Systems
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Five hundred and seventy one billion dollars spent. Costs ranging between three and seven percent of a company's total sales. Nearly sixty percent of overall logistics costs. These statistics have the transportation market talking — and for good reason. With the typical transportation management system (TMS) offering a payback in one year or less, it is no wonder companies devote time, resources, and money into selecting the right solution.
An umbrella term that has been used for years to describe countless components and functionalities related to transportation, a TMS touches many areas. Carrier contact bidding, transportation planning optimization, labeling, manifesting, and transportation monitoring can all be considered parts of a TMS — and as technology evolves, the scope of this term continues to grow with it.
Two areas that have seen tremendous growth and continue to hold a promising future are transportation planning and execution. Both began as relatively simple processes for reducing transportation costs and have evolved into mandatory components for a streamlined supply chain. This paper will help provide a better understanding of how these processes have developed over time and what the future holds for companies that are serious about overall transportation — and logistics — optimization.