Carriers Invest in Modern TMS to Navigate Inflation
The value that motor carriers and logistics providers get from investing in a strong transportation management system (TMS) can’t be understated, especially during turbulent times. In fact, you may be surprised at how a modern TMS can help you:• Identify new customers
• Reduce operations costs
• Find high-paying freight
• Manage cash flow
You Can't Control Inflation, Just Your Response
Inflation has been dominating the news cycle for the past year. Reducing or deferring a technology investment like TMS during this time is a short-sighted move. That’s when the benefits of a modern, SaaS-based TMS platform can make the most difference by:
• Reducing the cost of doing business.
• Budgeting IT expenses as a percentage of sales.
• Protecting margins while building a competitive advantage.
Pushing Back at Inflation
Inflation-fighting TMS platforms do more than manage freight movements. They drive up revenue while increasing productivity and efficiency. For example, global logistics and transportation services company, The Pasha Group, wanted a TMS to reduce manual work. By investing in the Magnus Technologies system, the company shifted its business into high gear and achieved rapid results.
The Pasha Group has increased staff efficiency by 24% by using the intuitive TMS to improve data management processes and automate workflows with complete, one-click access to load, truck and driver information.
The Magnus TMS streamlines order entry and invoicing, resulting in fewer keying errors and unnecessary paper trails. Pasha customers automatically receive information, eliminating the need for manual reports. And dispatchers have been able to double their driver count from 20 to 40 without compromising quality.
Smarter Equipment Usage Per Mile
When each mile costs more, carriers need to make every mile count. TMS platforms like Magnus dramatically improve equipment utilization and minimize empty miles through better load matching and optimized routes.
Accelerating Cash Flow
Managing working capital in a turbulent economy is like navigating a ship in a storm. Sometimes the main goal is just to stay afloat, but with a modern TMS platform you can improve cash flow to outpace the pressures from an inflationary economy by:
• Streamlining order entry.
• Using data-driven freight selection to maximize profitability.
• Automating the flow of proof-of-delivery documents.
• Accelerate invoicing and receivables.
A SaaS-based, enterprise-grade TMS also provides necessary business intelligence for carriers to analyze operational data, spot inefficiencies and identify opportunities for improvement.
Reducing Operational Complexity
Traditional on-premise TMS platforms can cost hundreds of thousands to implement, and carry the burden of on-going IT support, professional services and training costs. These complicated systems require constant investment in equipment and staff overhead.
That’s why the traditional TMS is outdated for most users.
A SaaS-based enterprise TMS is easier to justify for transportation providers of all sizes by keeping startup costs low and avoiding ongoing maintenance and security expenses. This frees up your resources to focus on revenue-generating activities to survive inflation in a slowing economy.
Get Smarter about a Smart TMS Investment
Technologies serving transportation and logistics companies abound but few can address all the business functions as well as an enterprise-grade TMS, especially those where third-party integrations are included in a monthly subscription for no extra cost.
The transportation management system (TMS) remains a smart investment, capable of fighting inflation in the most ideal way — by improving the way a company operates. Learn more about strategies to invest wisely in technology to survive the storm by downloading a new industry guide: “Digital Deflation: Fighting Inflation with Next-Gen TMS Investments.”