Forecast Demand and Shipment Volumes with Transportation Management

Transportation and fleet management software has long been used to forecast demand, shipment volumes and staff requirements. These programs let carriers manage inbound and outbound orders, control inventories, and communicate with drivers at various points in the supply chain. Forty-three percent of logistics managers are using or plan to implement a transportation management system, something that reduces transportation costs and optimizes business processes. Here are some of the ways this software predicts future trends in the transportation and logistics industry.

Forecast Demand

Logistics managers use transportation and fleet management software to forecast demand. These programs display key performance indicators (such as total sales, exports and delivery times) that enhance freight management, and this information is displayed on a personalized dashboard. Data is accumulated from various sources, such as customer relationship management software, stock inventories and enterprise resource planning tools. Carriers can then predict demand for their products with this valuable intelligence. Some of the most popular transportation management software for demand forecasting includes AscendTMS, AgileShip and Transportation Guru.

Predict Shipment Volumes

Shipment management is one of the most important processes for carriers. Transportation and fleet management software streamlines this operation, allowing carriers to monitor the entire supply chain, from manufacturing to product distribution. These tools help maintain a constant stream of shipments in order to save cost and utilize vehicle space. They can also forecast shipment volumes during times of the year when companies experience significant demand for their products, such as the fall months and the run-up to the holidays. This allows them to distribute products promptly and hire the right number of drivers to deliver them.

Calculate Staffing Requirements

A good transportation and fleet management tool estimates the correct number of employees who can complete a project in the quickest amount of time. This benefits brands who want to maximize staff productivity and reduce costs. Like in any niche, the number of employees required to carry out jobs in the transportation and logistics industry fluctuates throughout the year. The latest software constantly calculates employee requirements so carriers won’t be understaffed or overstaffed, allowing companies to plan ahead instead of making changes at the last minute.

What Users Say

“It’s easy to track all parts of a business from maintenance and scheduling to availability of the drivers,” says a user of TMW Systems, a type of transportation management tool. “TMW also prevents time conflicts of drivers and their loads.”

“It allows us to perform analysis on our current fees and rates and shows us areas for improvement,” says a user who reviewed transportation management system MercuryGate TMS. “It also tracks internal usage where applicable. The tool is relatively easy to use and you can navigate to find what you need without a lot of extensive training.”

A user of transportation management tool VISCO notes that this program has provided benefits like “logistics, costing, document alerts and checklists.”

Transportation and fleet management software comes with real-time analytics that provides users with accurate insights and intelligence. These metrics predict shipment volumes, demand and staffing requirements, ensuring the smooth flow of goods and services in the supply chain. In a recent study, 76 percent of business owners, fleet operators and general managers said that these programs boosted productivity, while 46 percent noticed a decrease in fuel consumption after using one.