Fleet Management is not only about operating a fleet of vehicles but more than that, starting a fleet management company always feels exciting. Making it a profitable business and standing out among the competitors can be far more challenging.
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An ERP software is a game-changer for transportation businesses when it comes to moving freight efficiently, and economically and improving operations, driving business, and providing better service to customers. With the increasingly digitized transportation industry, it is no surprise that the global transportation ERP system market is growing. Statistically, the transportation management software market is expected to reach $6.63 billion by 2026 that’s up from $2.45 billion at a compound annual growth rate of 13% in 2019.
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Today the logistics process is an integral part of a successful and well-organized supply chain. But the reverse logistics process has also become an essential component. Over the years, as e-commerce has seen a boom, hence there has also been a significant increase in reverse logistics, which means that consumers send goods back to the retailer. Furthermore, consumers expect these return policies to be easy.
The transportation industry is one of the most challenging industries and plays a vital role in any company that deals with multi-sectoral and global supply chains. The rise of eCommerce and the global marketplace allows transportation companies a convenient flow of supply and demand. To survive and grow successfully in the logistics industry, transportation companies need to manage all the operation processes and streamline maps and warehouse workflows to track vehicle maintenance, schedule customized routes, and shipping.
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Each company searches for ways to simplify its transportation processes, minimize delivery costs and maximize profits to remain competitive in the transportation business market, which is more evident in the transportation industry. The world of business is changing with the increasing demands of customers and many other issues which is giving many challenges to the transport companies.
Continue reading “Top 4 Features to Look for in A Transport Management System”
Many transportations and logistics companies use ERP software to manage and execute plans to move goods materials and these goods are typically transferred from suppliers to customers.
Continue reading “ERP Software for Transport and Logistics Companies: A Definitive Guide”
Every business has its way of running it and it’s very important how you manage, especially if you talk about the transportation business, you have to manage everything like your transport vehicle has reached on time or not, your transport vehicle is supplying properly or not, and many more.
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Fleet management involves utilizing and managing fleet and asset information in the transportation operation. From the acquisition of fleet to its disposal, efficient fleet management optimizes productivity, reduces costs, and ensures compliance in the entire system. With the use of fleet management software, it becomes easy to track and manage vehicle maintenance, control the inflow and outbound movement of goods, expenses, and operations to maximize efficiency.
A fleet management software gives the fleet manager better visibility with special features like GPS tracking, FASTAG management, fuel issue system, safety, upcoming vehicle maintenance, and more. It helps managers to optimize every aspect of their fleet.
A fleet management software with cloud computing features offers faster innovation and flexible resources to lower operating and infrastructural costs.
The use of Transportation ERP software offers various solutions and advantages and can prove to be highly beneficial for your business. The right customized Transportation ERP software helps to significantly improve freight management. Automation, or automatic control when equipped in various operating systems, reduces human intervention. Hence the chances of error are minimal, thus improving quality, accuracy, and precision, which gives a better output in the service management.
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The CBIC (Central Board of Indirect Taxes and Customs) has issued a notification that e-Invoicing is to be mandatorily accepted by all companies or suppliers with a turnover exceeding Rs 500 crore. Before the limit for preparing e-Invoice was 100 Crores. This new change in a system or law is the gateway for the digitization of business processes in India. The provisions will come into effect from 1st October 2020.
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