In the world of modern logistics, Third Party Logistics (3PL) providers are a crucial link in the transportation sector.
By coordinating freight and transport elements to maintain efficient networks, 3PLs can deliver goods and commodities more effectively than ever. At the same time, as tasks required for success in the logistics industry become increasingly complex, 3PLs must find new solutions to ensure their operations are efficient and effective. They need reliable and cost-effective solutions that streamline processes across their organization to stay competitive.
This is where 3PL freight software comes into play – 3PLs can revolutionize their operations and improve efficiency without sacrificing quality or customer service.
In the sections below, we’ll explore the power of 3PL freight software and how it can transform any 3PL business’s logistics operations.
In Today’s Volatile Transportation Industry, Efficiency Remains A Challenge
Today’s transportation industry is in flux, with demand and supply fluctuating regularly. Efficiency is one of the most challenging obstacles to be managed in such an unpredictable environment, primarily due to the increased complexity caused by increasing traffic congestion, technological advancements, and the need for greater safety measures. Some of the most significant challenges today’s volatile transportation industry poses include:- The rise of e-commerce – Demand for the fast delivery of online goods has exponentially increased, creating a surge in pressure on transportation networks, leading to higher levels of late or even lost packages.
- Labor shortages (warehouse and driver) – The shortage of skilled labor means that employee retention remains challenging in the transport industry. It has been estimated that the global truck driver shortage is currently at 78,000, which may rise significantly over the next decade.
- Manual processes standing in the way of supply chain collaboration – Manual processes and manual labor remain widespread throughout the transportation industry, causing delays in analyzing, sharing, and processing data and hindering collaboration efforts between different entities down the supply chain.
- Congestion on highways – The increasing number of vehicles on the road has led to traffic jams, thus decreasing freight efficiency as transit vehicles are slowed down.
- Lack of technology adoption – Despite the availability of digital solutions that can help optimize freight processes, many companies remain slow to adopt them due to a lack of preexisting infrastructure and awareness.
- Suboptimal route planning – Transportation planners often prioritize costs over time when creating routes, meaning delays are highly likely due to inefficient routing.
What is 3PL software?
3PL software is the technology used by Third-Party Logistics (3PL) providers to manage their freight and transportation operations. This software includes various features, including route optimization, real-time tracking, cost management, and resource planning. By leveraging 3PL freight software, 3PLs can maximize efficiency, reduce errors and offer customers more accurate service performance information. The benefits of 3PL software are considerable. The most obvious advantage is improved productivity: time-consuming manual processes can be eliminated with automation, allowing 3PLs to focus on more important tasks like problem-solving or growth strategy. 3PLs can use analytics to gain insights into customer behavior and make better decisions about rates or routes, and sophisticated tracking systems enable customers to follow shipments in real time, reducing their uncertainty and increasing satisfaction.3 Reasons 3PLs Choose TMS to Improve Operational Efficiency
As a third-party logistics (3PL) provider, you know that increasing operational efficiency and streamlining processes is key to the success of your business. In order to do this, many 3PLs turn to transportation management systems (TMS) to help them manage their operations and improve their bottom line. This article explores three reasons why 3PLs choose TMS to improve their operational efficiency. We will discuss how TMS can reduce operational costs, increase visibility, and optimize decision-making within warehouses and transport companies. By the end of this article, you will understand the many benefits of integrating a TMS into your company’s operations.1. Increase Labor Efficiency Throughout Supply Chain
TMS systems and third party logistics software provide 3PLs with unprecedented visibility over all aspects of their operations, stemming from driver software enabling streamlined operations for drivers and other personnel on the ground. This critical intelligence allows 3PLs to monitor and optimize freight movements at every step, address potential issues quickly, and ensure goods are delivered on time and in perfect condition. By putting 3PLs in the “driver’s seat” at all times, TMS increases operational accuracy, reduces human errors, and eliminates unnecessary trips. For example, shipment scheduling and real-time updates allow dispatchers and drivers to identify the most efficient routes and properly assess how long each run will take. This ensures faster, more accurate deliveries and minimizes delays that could strain labor costs. TMS increases labor efficiency throughout the supply chain by facilitating fast, informed decision-making; meticulous asset monitoring; and real-time updates that eliminate wasted time and effort. It enables 3PLs to operate more efficiently and economically than ever before.2. Efficient E-Commerce Requires Innovative Inventory Management
With a TMS and 3PL software systems, logistics providers can access a comprehensive view of their e-commerce inventory in real-time, enabling them to track shipments from suppliers, organize distribution according to customer needs, and even automate order fulfillment processes. By proactively managing their inventory with a 3PL program, 3PLs can reduce costs and ensure products arrive on time and in excellent condition. An integrated TMS solution allows 3PLs to optimize operations through sophisticated algorithms that factor in variables such as weather data, traffic conditions, and fuel prices when estimating arrival times and routing.3. Unprecedented Data Visualization Means Unprecedented Efficiency
TMS offers unprecedented visibility into crucial data points such as shipment status and delivery times, allowing businesses to make better decisions with greater accuracy and efficiency. Integrated scheduling software eliminates manual processes, freeing up time for 3PLs to focus on more complex tasks and improve the quality of their services. TMS provides powerful visualization tools such as item masters and geographic information systems (GIS), so customers can view all their shipments and quickly identify improvement areas. By leveraging Data Visualization, 3PLs can unlock new levels of efficiency previously unheard of in the industry.Turvo: Maximize Efficiency & Streamline Logistics with 3PL TMS Software
The benefits offered by 3PL TMS Software are clear. 3PL freight software allows for maximum operational efficiency throughout the entire supply chain process and offers advanced technologies that can provide unparalleled levels of data visualization. This makes it easier than ever for 3PLs to stay informed on the status of their inventories and ensure that they make decisions quickly and confidently. Today, more than ever, third-party logistics providers need a modern solution that can help optimize their supply chain and operations. Enter Turvo – the revolutionary software platform designed to deliver an impactful difference in customer service by unifying people, systems, and processes. With Turvo, 3PLs can achieve tangible results such as a 200% faster revenue recognition rate, a 50% increase in productivity, 35% fewer manual updates, and up to 5 times more on-time shipments. By utilizing this innovative technology, 3PLs can unlock cost savings, optimize workflows and offer a better customer experience than ever before. Turvo offers a comprehensive suite of solutions to help you streamline your shipment and inventory tracking, orders, analytics, and more. Automated tools provide 24/7 visibility into your entire supply chain with real-time movement info, enabling you to serve customers better, improve delivery performance and optimize scheduling. Integrations with cloud-based platforms allow 3PLs to collaborate across the whole supply chain while our powerful analytics provide actionable insights to inform decisions confidently. With Turvo, you can stay ahead of the game and maximize returns for your business. Experience the power of Turvo and cutting-edge 3PL freight trucking software for yourself today. With our comprehensive tracking solutions, you’ll be amazed at how easy it is to stay informed and get things done in real time. Click here to schedule a free demo and see how we can help increase your productivity and streamline operations. Join us as we revolutionize what’s possible with supply chain technology – Schedule a Demo with Turvo Today!
