Freight management is one of the most challenging tasks for any logistics company owner. It is one area of business where the information and change in scenario hit directly the operations and output of the company. The problem is, you don’t control these changes and hence needs to step up at uncalled instances. Freight management definitely needs you to be at the top of your game. In case you are wondering how to do that? We are here to tell you exactly that by giving you reasons to adopt to freight software solutions.

With 7.5 % percent of the consistent increase in transportation industry CAGR since 2011, situations are optimistic. But does this mean that you need to expand at the same or higher rate, genuinely no? Even though projected CAGRs are good to develop an aggressive yet healthy strategy, we would be calling for a more tech intensive approach rather than infrastructure intensive. We suggest it due to few important reasons. First, there is a huge shortage of employable workforce into the market. This often leaves the logistics company owners in a jiffy to get the required workforce on and off the board. Second, manual operations can facilitate the dynamic freight management efficiently only to an extent.  

Freight management companies also need to keep an eye on the changing scenarios of the global logistics market. At one place there is an emphasis on 3D printing and on the other Drone delivery is taking the market by storm. Companies need to be as competitive a possible with their rates and profits margins to keep the demand inclined in their favor. To get the complete hold of freight business, companies do need an exhaustive set of freight software solutions which are able to keep up with the demanding requirements of the business. To check out exactly where we need to employ these freight software solutions, we have come up with the following pain areas, where freight business can benefit most.

• Staff Management

In an upward moving freight industry, achieving scalability with limited resources is always a challenge to overcome. With freight management software solution you empower your staff with exceptional ease in operations with the help of EDI, faster communication, real-time access and visibility into the current status of carriers. The software solutions also provide enhanced security and efficiency into data management which lowers down the onus of data security on staff.  

• Workforce shortage

The logistics industry is been facing the driver shortage since decades now and the situation is only going to get worse. With FAST and other mandatory regulations being implemented or in the pipeline, the only way to keep your freight rolling is to ensure that you have a backup in place. Autonomous vehicles, connected carriers and active trading and loading options are coming out as useful options to share the burdens of drivers.

• Real Time communication

Freight is dynamic and this is the same reason freight management needs to be dynamic too. Real-time communication not only helps in getting cargos on the roll faster with quick information about the load space on the deck, it also helps in giving real-time updates about the shipment. It helps in keeping the client as well as the freight service provider assured about the planned route. In the case of any casualty and urgent help, real time communication plays an important role in making a quick move.

• Transition to Cloud

Cloud based web applications for Freight management are seen as a revolution in the logistics industry. It is because of cloud based freight management software solutions that smaller freight companies are thinking in the direction of adapting to a sophisticated freight management solution. Apart from the data safety, cloud transition helps the freight companies to get a first-hand experience of a transport management system without investing a heavy amount upfront. Since there are no onsite installations, it is always easier to switch to a different system in case the current freight management is not able to cater the needs of the logistics company.

• Dynamic Routing

As much as the freight management depends on the demographical conditions of the market, it also calls for change in routing instantaneously. Climatic, regional and freight demand conditions can instantaneously affect the urgency and usability of freight. If the carrier system can be modified and adapted to these changes instantaneously, it would enhance the efficiency of the freight management system to a great extent. Since there is an upsurge in the intermodal transportation in recent times, dynamic routing is going to add tremendous value in freight management.

• Actionable inputs from BI

It wasn’t until recently that with the growing volumes of freight and e-commerce boom that business intelligence is taken up so seriously in the freight business. But once the industry stalwarts are able to see that BI can turn out to be the game changer in many scenarios with its expert predictive analysis, industry is not able to stop raving about it. Predicting that in which direction your next move should be and what are the carriers, areas and demographic you need to invest in order to reap maximum profit is tempting for freight owners.   

• In-depth KPIs

Key Performance Indicators helps the freight business owners to understand that which segment of their business needs extra inputs and which needs to be tamed down. KPIs helps in bringing out a transparent picture of the carriers as well as the workforce employed such that the needed help can be provided to the concerned area. Carrier maintenance, Driver performance, route planning and load distribution are few areas where getting clear and trustworthy KPIs eases the job for the freight management services.  

It is important to note that increasing number of freight management services are opening up to innovative and more promising business practices to stay relevant in a longer run. The trend has been aptly backed by the lowering cost of freight management software solutions. At present, the market leaders are also providing the facility for their prospective clients to test their solutions in real time environment for free. This is possible due to the penetration of cloud-powered web based applications which are able to get you started within hours without any heavy installments or commitments in place.  To know more check out the freight software solutions provided by DreamOrbit.

About DreamOrbit:

DreamOrbit is a Logistics and Supply Chain Technology Development company. We have been creating meaningful and reliable software products for the industry which is “Always on the go” for the past half decade. We are highly motivated team aimed at innovation. Our philosophy is to “keep challenging the potential within”.  With the support of our happy customers and dedicated team, we strive to provide best possible solutions to industry problems. Visit our website to know more about DreamOrbit.

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