Logistics plays a vital role in the daily operation of many businesses. But still, it is lacking in terms of technology and innovations. There is a gradual change taking place in the logistics industry which is not a good sign. Nowadays, other sectors like eCommerce, retail etc. are implementing high-end software to acquire a higher position in the market. It also enhances the customer experience and makes the business more efficient.
The new era of digitalization has brought an array of possibilities to the warehouse and transportation business. It allows them to improve efficiency, customer experience, and make great coordination with the partners. Hence, it streamlines supply chain management and creates an effective environment for the providers.
Here in This Guide, We Will Discuss Various Aspects of Logistics Management System:
What Is a Logistics Management System?
Logistics Management System is specially designed software to optimize all processes from making an order to deliver it to the customer. Companies from different verticals can introduce and implement the LMS as per their need.
Main Modules of a Logistics Management System
The main modules present in most LMS are:
- Order management
- Inventory management
- Warehouse management
- Transport management
- Strategic transport planning
- Reverse logistics
- Logistics analytics
Order management is a multi-step process. The receiving and processing order online requires a sequence of the process to get executed. This includes creating and editing inventory, managing customer service, accepting payments, checking for fraudulence, sharing documentation among manufacturers, suppliers, distributors, warehousing, and transportation companies.
It is utmost important to effectively execute all the process to effectively manage the order. To avoid any erroneous operation, order, inventory, supplier, and customer data must be synchronized in one system.
Order Management System is a computer application that is used to streamline the order processing in many industries. It helps to execute the securities orders efficiently and in a cost-effective manner. The order management system has multi-faceted benefits for every size of the company.
Some Benefits Are Mentioned Below:
Order management system works on automation, hence orders are processed automatically. It saves time, labor cost, reduces manual error, and helps companies to focus on other important business activities.
One of the major benefits of OMS is it provides a real-time view to the user. The real-time data display helps the companies to take a necessary step in case any issue arises. After viewing real-time reports companies can make important decisions to achieve the target goal. It gives insights into the current status of business to the organizations.
The centralized order management system provides a complete view of the complex e-commerce ecosystem in one place. It safeguards the companies against loss of revenue, order errors, customer mishandling due to some common loopholes like incorrect invoicing, low inventory etc.
Round the Clock Monitoring and 24/7 Access
To smoothly run a business, one needs to monitor every single business activities round the clock. Businesses can access OSM from any corner and anytime. This improves customer service, order processing and great data control.
In the transportation industry, finding the safest, shortest and practical route is one of the main tasks. It is quite difficult to do it manually. PC Miler is a computer-based software solution for mileage, mapping, and routing. It is widely employed in the logistics and transportation industries for route optimization. You just need to feed the origin and destination and stops between, and PC Miler program will calculate the safe and accurate routing for the fleet that is displayed on the map. This software is used for various operations including truck-specific routing, driver pay, rate determination, IFTA and IRP audit, carrier selection, trip time and cost estimation, hazardous material routing, least-cost routing and many more.
The tool can calculate and provide you with an unlimited number of routes and mileage of a single computer. Using the software, you can estimate greenhouse gas emissions by the route. It is easy for you to create geofence areas on the map, in case if you travel in and out of them the software program will immediately warn you.
Inventory management is one of the main components of the supply chain for the supervision of non-capitalized assets (inventory) and stock items. An accurate product management system supervises the flow of inventory from manufacturers to the warehouse and the point of sale. The main function of inventory management is to keep complete track and record of each item or product when they enter or leave the warehouse and point of sale.
Hence, using an Inventory management system is an optimal choice for automating from classic spreadsheets to the latest software solution. Inventory management system simplifies controlling and documenting the number of items for sale. It centralizes the data in one place and provides the user with complete flexibility in working with the data.
Fleet Management & Maintenance
Fleet management is a process to organize and coordinate motor vehicles to improve efficiency, reduce costs, and provide compliance with the government rules. Fleet management is employed by many businesses such as trucking, oil and gas, repair and service, utilities and many others. Managing fleet is a challenging task for every scale of business. To manage fleet and its operations, fleet maintenance software is a great solution. This is a tool that helps businesses to accomplish a series of specific tasks related to the fleet or vehicle.
Good quality software helps to perform various fleet maintenance processes. It never lets preventative maintenance, routine inspection, repairs get unforeseen. The software assists the companies to manage in-house and outsource services. You can increase productivity and revenue by understanding the true cost of your fleet. Fleet maintenance software is customizable and scalable as per the need of the company.
Warehouse management is a method to maintain, control, and automate various operations of a warehouse. The different tasks include receiving items, moving items, tracking items, managing staff using KPIs, arranging warehouse and inventory, maintaining appropriate equipment, tracking warehouse performance, picking, packing, and shipping orders etc.
To make every step easier, Warehouse management system has been introduced in the market. A warehouse management system is a software designed to support and optimizes day-to-day operations of the warehouse. With the WMS, You will have a complete track from the time goods or items enter till they are moved out. It can manage supply chain operations from manufacturers or wholesalers to the warehouse. There are many benefits of integrating warehouse management system. It improves supplier and customer relationships, efficient labor allocation, reduced operational costs, ERP integration, better inventory balance and many more.
Transportation Tax Calculation
Either you are going to start or want to run your existing trucking company smoothly, it is important to know all the regulation of the industry. You must know what exactly is IFTA and other taxes you need to pay to the government to operate your business without any obstacles. IFTA stands for International Fuel Tax Agreement. This is an agreement between 48 lower states of U.S and 10 Canadian Provinces to simplify the reporting, accounting and payment of fuel taxes. In every quarter, the IFTA licensee has to pay file the return with their base jurisdiction.
Reporting and filing of IFTA is a tiresome and difficult process as it requires lots of calculations. IFTA software is a software program that is designed to help the carriers in filling fuel taxes. It can compute all the data required to file taxes on time. This software solution is highly accurate and gives outcomes within a moment. This software is helpful for transportation business in many ways. It eliminates manual errors, wrong data entry and outsourcing, saves overall costs, environmentally friendly, brings operational consistency, improves business performance, and more.
How Logistics Software Improves Efficiency
Technological innovation has a great impact on logistics and supply chain operations. It is transforming the businesses from their core and enhancing their performance. Logistics have become more efficient and fast. Logistics are adopting new and updated software to deal with the growing demand and other complexities. A viable solution to manage various tasks in the logistics business is Logistics software.
This web-based application is one of the best tools to streamline the entire base of logistics operations. Companies which implemented logistics software have noticed significant growth in the business and have produced good results. The software also provides logistics analytics which is very helpful to reduce logistical costs and decrease shipment delivery times.
IFTA mileage calculator is one of the most powerful software for the transportation industry. It helps in reporting and filling of IFTA on time. IFTA reporting mileage calculator is used to calculate fuel taxes and automatically creates reports for different member states.
How to Find the Best Software for Different Industries?
The business need of every industry varies and hence they want the best technology to run their business flawlessly. In the marketplace, you will find countless high-end software which is designed for different purposes. As per your organizational needs and budget, try to find the best software available. The modern-age tools are packed with all the recent features and functionalities to serve businesses from different verticals.
Oil and gas industry is very large and needs technological advancement to operate the business without any obstruction. Businesses from all over the globe are employing the Software for oil and gas industry to manage day-to-day business activities. Software for oil and gas industry helps the business in many aspects like ticket management, risk handling, operation integration and other tasks.
The software is a cost-effective solution that is immensely helpful in the growth of the business.