Analysis Features and Functions
Data gathered through the execution stages should be available for analysis and reporting, both real-time queries and ad hoc and structured reporting.
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Analysis Functionality
Carrier performance is a key element of successful logistics. The TMS should enable the user to track carrier performance--ad hoc as well as through structured queries and reports. Data captured through the shipment lifecycle should be used to identify areas of poor performance as well as responsible parties for damage and claims. Lack of performance according to plan should also be available through event management and other TMS tools. Data should be available from the TMS to provide input to analysis and reporting tools, for example Excel, as well as more complex tools and applications.
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Freight Bill Payment and Rate Matching
The TMS should streamline the freight bill payment process by linking freight bill payment with actual execution events and contract data. These freight costs should be defined at the shipment level prior to shipment, linking the shipment transaction with contract and rate information. Rated bills should then be passed direct to carriers and third-party providers. This data will ensure contract and rate compliance as well as providing accurate data for freight auditing.
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Transportation Management Systems Features and Functions
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