With the rise of logistics companies came the advent of logistics software. There are now hundreds of logistics software options for companies to choose from. Logistics software provides tools to control the supply chain management (SCM), including managing all inventory, freight pick-up, tracking, delivery, and all transportation details. Logistics software can also include freight brokerage and bidding software, which manages business aspects such as bid and contract management.
SCM logistics software will typically divide tasks within the supply chain into similar categories. For instance, inventory control features in the SCM software manage supply levels, purchase orders, order fulfillment, historical quantities, and future forecasts. Transportation management features typically include route optimization, shipment consolidation, automated carrier selection, dispatch scheduling, and tracking of goods while being delivered. Warehouse management features can include barcode or RFID scanning, and tools to help with smart storage decisions and inventory transfer.
While most logistics software comes with inventory control, transportation and warehouse management, some additional categories of features can help with specialized tasks and situations. Import and export support features help with customs, currency exchanges, trade regulations, taxes, and factors affecting international cargo. Risk management features help with insurance claims, processing accidents, lost freight, driver history evaluation, and other risk factors along the supply chain. Finally, SCM software can include integrated accounting features to help with billing, quotes, invoicing, and currency transactions, and customer relationship management features to help provide sales and marketing support.
When selecting SCM software amongst the hundreds of logistics software options, research will be key in helping to prioritize which software features are indispensable for your business. Logistics software can be even further tailored to a specific industry, such as the apparel industry, be customized for the size of the company, or specialize in a unique feature such as enhanced GPS tracking with geo-fence alerts and an in-cabin feedback system.
Choosing the appropriate logistics software will be a vital decision for any company, and will ultimately determine the everyday functionality of its supply chain operations.
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