Transportation Management System (TMS) aims to make shipping less costly and more
effective by organizing it into reliable, easy-to-read lists which can then be
used easily to make the best possible decision. That removes human error and
enhances company performance. In addition to this, increasing the requirement
to monitor time-in-transit, developments in freight security, safety, and
transport solutions, some other factors expected to have a positive impact on
growth in the TMS in the future.
Transportation management systems (TMS) tend to have
plenty of value for organizations. A global study of the TMS industry showed
that the compound annual growth rate will stay in the sector by 19.13% by
2024–and for good reason.
Gartner estimates that by 2022, business will spend
$1.94 billion on Transport Management System applications, with 65% of
software-as-a-service products. The new TMS needs to do more than monitor
shipments' time and location. From lower shipping costs to improved route
management to automating freight auditing to payment processes.
Shippers will continue to check their Transport Management
System for added value and functionality, which means more changes and upgrades
to the existing systems. Shipper will
benefit from the five Transport Management System patterns by 2020…read
more
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