Transportation Management System (TMS) are Transforming Global Logistics and Distribution Networks

 


Quadrant Knowledge Solutions has disclosed that the Transportation Management System (TMS) market is anticipated to grow at a compound annual growth rate (CAGR) of 12% by 2028.

A Transportation Management System (TMS) is a software solution designed to plan, execute, and optimize the movement of goods. Its key goals include lowering shipping costs, enhancing customer service, and improving supply chain efficiency. The primary function of a TMS is to reduce transportation expenses while ensuring timely and secure delivery, achieved through the automation and optimization of various transportation processes.

 

The rising demand for TMS solutions and services is driven by the need to cut transportation costs, improve customer service, and boost supply chain efficiency.

A typical TMS consists of three main components:

Transportation Planning Module: Used to create transportation plans.

Execution Module: Used to implement the transportation plans.

Optimization Module: Used to refine and optimize transportation plans.

TMS offers businesses significant benefits, such as reducing transportation costs, enhancing customer service, and minimizing reliance on manual processes. It is a critical asset for improving efficiency, cutting costs, and elevating customer service. With a variety of TMS options available, organizations should select one that best aligns with their specific needs.

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Key questions addressed by this study include:

·       What is the current competitive landscape of the TMS market?

·       What is the market share of major vendors in this market?

·       What are the key competitive dynamics in the global and regional TMS markets?

·       Who are the leading vendors in the global and regional markets?

·       Are there vendors specializing in specific industries?

·       How do different vendors compare in their offerings of cloud-based versus on-premises solutions?

·       What competitive factors influence the market positioning of various vendors?

·       What are the strengths and challenges of vendors operating in this market?

·       How do vendors position themselves across different customer segments, from SMBs to large enterprises?

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Strategic Market Direction  

According to Quadrant Knowledge Solutions, a Transportation Management System is defined as a logistical solution that enables users to plan, coordinate, and manage both inbound and outbound transportation resources and information. A TMS enhances customer service by enabling the monitoring of on-time performance and tracking the location and distance of shipments from their destinations.

The system assists organizations in scheduling, executing, and optimizing transportation operations by automating tasks such as quoting, routing, tracking, and billing. The broader objectives of using a TMS include improving shipping efficiency, reducing costs, gaining real-time supply chain visibility, and ensuring customer satisfaction.

Vendors Covered:

3G, Alpega Group, Blue Yonder, BlueRock TMS, E2open, Infor, Kinaxis, Locus, Manhattan Associates, Mercurygate, oracle, one Network Enterprise, Ratelinx, SAP, Shipwell, TESISQUARE, Trimble (Kuebix).

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