The Supply chain process is a complex process that involves the design, planning, execution, control, and monitoring of the supply chain process. It supplies planning, logistics management, demand planning, sales and operations planning, and transportation management. The main objective of supply chain management is to create net value, build a competitive infrastructure, leverage worldwide logistics, and synchronize supply with demand.
Procurement and management of logistics are crucial to the supply chain process. Streamlining your logistics operation helps you to optimize business connectivity and improve productivity. A seamless logistics flow involves manufacturing, warehousing, order fulfillment, and transportation business processes from point of production to consumption. Innovative logistics management can boost the operational fluency of the organizations. It can help you to maximize productivity, scalability, delivery, profitability, and customer satisfaction.
A fully-featured and customized logistics software provides tools to enhance logistics operations. It involves automated and business intelligence systems to streamline the logistics business. Logistics software is used in the management and scheduling of mailing, shipping, and tracking of letters, packages, equipment, and more. You need to carefully choose the best logistics management software for your business to manage, source, and dispatch the products/services. The global logistics market is anticipated to register a CAGR of 3.48% from 2016 to 2022 to attain a market size of around $12,256 billion by 2022. Deploying the right software will give you a competitive advantage in aligning the logistics operation as per your requirements. Here are eight factors you need to consider to choose the best logistics software for your company.
Which Solution Does Your Business Need
You need to primarily analyze the needs of your business to choose ab appropriate software. There are mainly three main types of logistics management software, which include, Enterprise Resource Planning, Integrated SCM Suites, and Warehouse Management System. ERP system provides an integrated approach to business planning and operations. It allows you to automate various back-office functions like maintaining records, regulatory compliance, and IT services. Integrated SCM Suites helps you to manage information. Warehouse Management System helps you to effectively manage the warehouses and directs the inflow and outbound movement of goods from warehouses. You can use customized software that integrates all these features.
Facilitating Delivery Status Check
The logistics software should have a platform to facilitate the process of checking the delivery status of goods easily. It will assure the consumers and providers as they can track their shipments on an hourly/daily basis.
You need to choose a scalable software solution that can adapt to support an increasing amount of data or a growing number of users. A scalable solution that can be easily expanded or upgraded on demand will be able your business for a longer-term.
A freight quotation is a document that outlines the charges which are involved in the movement of cargo from one point to the other. Logistics software should successfully maintain a rate database and automate freight quoting. Faster time to quote will help your team members to take faster actions to improve the efficiency of logistics management of your business. The time that is saved can be utilized in further steps of operations.
Generation Of Invoices
Automation is an important feature that you should look for in logistics management software. Automation helps to deal with redundancy and it reduces the chances of errors in the workflow. You can automate the generation invoices as it can help to reduce errors when done manually. Automated and instant invoices help to reassure customers for better or accurate calculations based on discounts or offers.
The software solution should incorporate tools customer support service. It should use business intelligence tools like data analytics to know about the historical data trends of the customers. Accordingly, it will provide suggestions that will help you to support the customer demands. Choose technologically advanced software that uses tools automation, chatbots, and virtual assistants that will help you to provide enhanced customer service.
User-Friendly And Responsive
The software should have an easy onboard process so that it can accommodate the new employees easily. It should also facilitate comprehensive reporting, and complete access to information regarding inventory figures, shipment records, and product histories. The data should be unified on a single platform which can be accessed easily with a finger swipe or a button click.
Check if your logistics software can host operations on cloud services. Using cloud-based logistics software can improve your collaboration capabilities. The team members can access information that is stored on a centralized source from on-premises or remote servers. It allows you to easily store, access, transfer files and documents securely.
A logistics platform consists of tools that will enable you to optimize your business potential. It includes features for storage, freight management, supply chain management, transportation, and more.