For many companies, shipping items across the country or internationally are essential aspects of doing business. In addition, these companies are beginning learn that freight value is only increasing over time. Statistics gathered from the United States Department of Transportation found that the value of freight is expected to reach $1,377 per ton by 2040. Considering that, it’s extremely important to ensure that your company is shipping goods as efficiently as possible. With that in mind, here are three reasons your company should utilize transportation broker software.
- Finding the Right Carrier
Statistics show that an estimated 12 million trucks, train cars, and vessels transport goods across the world. With that in mind, it’s important to ensure that you’re choosing the right carrier. No matter how popular your products are, choosing the wrong carrier could spell disaster for your business. However, transportation management software can provide your company with accurate reports of carrier results. In turn, you’re able to learn which carriers are delivering goods on time and which ones you’ll want to stop partnering with.
- Decrease Warehouse Inventory Problems
Many companies shipping goods across the world must have locations to store these items. This means that many companies will store products in warehouses. If your company utilizes warehouse space, you’ll want to strongly consider implementing transportation broker software. In turn, you can link both warehouse and shipping data together. This allows you to have accurate inventory forecasting information, helping to reduce warehouse costs.
- Reducing Excess Shipping Costs
An important part of managing a company is finding and eliminating avoidable expenses. Unfortunately, companies not utilizing freight management software might find themselves paying a lot of excess costs. On the other hand, using this type of software can allow your company to analyze shipping data to find out what can be improved upon.
In conclusion, there are several benefits of utilizing transportation broker software. The amount of cargo being shipped throughout the world is estimated to reach 18.79 billion tons by the year 2040. This is an increase of 3.79 billion tons when compared to figures gathered from 2013. Considering that, it’s never been more important to ensure that your business is making the smartest shipping decisions possible. Choosing the right transportation management software helps your business find the right suppliers, decrease excess inventory, and reduce shipping costs.