Trends in Transport Management
FREMONT, CA: In 2018, the technological ontogenesis radiated into the domain of logistics and management sector. Affecting and converting the crumbling traditional transport management systems (TMSs), the technological surge continued to spread to every nook and corner of the management ecosystem. As superior services and upgraded platforms entered the logistic frame, the entrepreneurs and managers were compelled to force a strategic and physical change in order to stay active in the competitive environment. Imbibing a simple tracking method with transport management system raised the sophistication level of a company by a notch.
Ever since the concept of supply chain management came into being, the TMS played a crucial role in ensuring the functionality of an assembly line. In fact, one can also say that to maximize the efficiency of the output process, the TMS platform needs to function with its full potential. However, the popularity of motorcycles, coaches, vehicles, trains, planes, and even cruises is showing no sign of slowing down in the near future causing a massive influx to the already overpopulated automobile ecosystem. As the number of registered vehicles in the streets of the U.S. alone is projected to cross over 280 million by the end of 2019, hence, creating a sluggish mobility situation for the supply chain to crack. The skyrocketing volume of vehicles is forcing the difficulties of TMS providers even further. To encounter the challenges, TMS teams are becoming innovative with the inclusion of new technology and platforms.
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Proper logistic transitions are beginning to take place for decreasing the complexities in supply chain management. Attempts to identify the vital factors influencing the decline are gaining a prime focus of experts. Developed technologies like the internet of things (IoT) and data analytics are gaining significant popularity due to their practical and unique problem-solving abilities. Proper discussions by industry experts to eliminate any probable challenges will not only exclude the complexities but also guide the upcoming enterprises with appropriate rules and regulation.
Trends revolutionizing the transportation management space:
Presently, amidst a range of accelerating evolutions and digital eruption, finding the correct tools has become a difficult task to conduct. Digital movement has presented the industries with a magnitude of heightened substitutes to be efficiently manipulated by professionals for maximizing profit and efficiency.
Traditionally, as the industry was quite stable, the professionals did not feel the need to employ and invest in innovative technologies. Seldom changes rocked the age-old market in order to stay in the competitive game. However, with the emergence of digitization, the logistics industry was thrown into an innovative whirlpool, and undertaking technological way was the only option left to get out of the devastation.
IoT technology and big data platforms are already being utilized by enterprises to minimize the traffic management issues. City traffic administrative is working with private fleet management organizations to build an interlinked network with IoT devices, big data, and CCTV feeds for identifying the traffic bottlenecks. Along with the detection of loopholes, the TMS teams are also gaining access to multiple arrays of data sets from IoT devices. More inflow of information is further assisting the transportation managers to pre-determine and pre-plan the quickest and safest routes from ports to the assembly lines. Timely delivery is one of the leading frameworks for achieving a robust supply chain.
2. Cloud-Based Transport Management Platforms
Primarily, one update from the manager will disrupt the entire supply chain, which will not only cost the delivery time to increase significantly but also elevates the output cost of a product. Cloud-based TMS enables managers to gain access from a central location, which in turn provides a comprehensive platform for attaining real-time data making the whole logistic chain more efficient. With a centralized cloud system expanding and updating of any data can be deployed easily and quickly without breaking the flow of the supply chain.
EKA Omni-TMS™, a cloud integrated transport management service provider, captures the untapped potential of new technology and unifies the unique ability of cloud with the complex supply chain. EKA’s end-to-end SaaS-based platform allows brokers and carriers to connect seamlessly with trading partners without disturbing the flow.
Real-time visibility, connectivity, and accounting of report solutions provide professional brokers with the exceptional transportation routing model for predicting correct pricing conclusions. Remote cloud-based EKA’s platforms offer not only an unmatched digital infrastructure for carrier management models but also an unparallel digital tendering service for shipment connectivity.
3. Collaborative Transportation Management (CTM)
With the increasing interconnected, regulated but uncertain world, transport operation is facing a mounting pressure to ensure risk-free and route-optimized fleet management. TMS-as-a-service integrates into the legacy system to aid shippers for a more strategic outlook on fleet management. As constant security threats coupled with increasing congestion bugs, the mind of every logistic service provider, achieving collaborative control will empower a 360-degree view to optimize the company’s assets. Collaborative transport management (CTM) is relatively at its embryonic stage, which further developed will be able to detect inefficiencies in the transportation process.
Electronic document management in real-time across any terrains will optimize the route planning across a wide variety of scenarios and further drive the transport dynamics of an enterprise. As achieving more with less is becoming a mantra, given the efficiencies of digitally advanced TMS platforms will empower various service providers to join hands for an additional boost in the company’s performance. The collaborative approach will reduce the cost to gain higher power without depriving the personal motto of each company.
4. Logistic Automation in TMS
Logistic automation is the future of TMS service providers, as the integration of automated notifications and real-time updates in freight information availed TMS to manage logistics accurately. Logistic automation via ERP system features unprecedented access to supplier’s address books, inventory storages, and fuels surcharges. The unlimited flow of accurate information will eliminate the probability of making information errors. Availability of real-time freight rates combats the rising transportation cost. Execution of policies and delivering immediate freight savings becomes much more accessible by removing the middle man. The TMS converged with state of the art web service infrastructure, and account building ability elevates the customer service. Auto-notification answers all the customer’s questions, which was previously impossible to get with traditional systems.
5. Safety of Regulatory Data within Transport Management
Technology has elevated the transparency of management practices by allowing informative data sets at every stage of the supply chain. For supply executive data has become a primary asset to manipulate the functionalities of a system; hence, the breach of such sensitive information can disrupt a logistics ecosystem. In addition to information security, recent regulation by the authorities like updated working hours and mandated Electronic Logging Device (ELD) is a touch of awareness towards transportation executive and supply chain operators.
Agencies like the National Transportation Safety Board (NTSB) and the Federal Motor Carrier Safety Administration (FMCSA) enable executives to carry their work efficiently in a safe environment.
In today’s hyper-connected world, competitive market ecosystem, and consumer-focused measurements, transportation management have never been more crucial for the logistics sector. With the profit margins skyrocketing due to efficient transportation management, the reliance on the supply chain for transportation is growing more and more. Within a few decades, a number of trends have come up to justify the growing importance of transportation to overcome the inevitable challenges.