Freight management system

Greater efficiency across freight operations is good for businesses and good for their customers, too. Yet, the demand for quicker, more reliable delivery methods has led companies to use multiple freight carriers and shipping methods, which in turn increases complexity and costs.

As a result, organisations are seeking out technology solutions that can streamline their logistics operations such as a robust Freight Management System (FMS).

What is a Freight Management System?

An FMS is specialised cloud software designed to optimise complex, multi-carrier freight operations including planning, executing, and monitoring shipments.

Not to be mistaken with the similarly named Transport Management System (TMS) which helps with the management of owned delivery fleets, an FMS helps you manage third party carriers.

An FMS integrates several functionalities to ensure that freight is delivered efficiently, cost-effectively, and within the scheduled timeframes. By utilising an FMS, businesses can gain greater control over their supply chain, resulting in improved operational efficiency and reduced overhead costs.

Shutterstock 1868987722
Shutterstock 1868987722

Why should you use a Freight Management System?

Freight management systems make tackling previously complex or seemingly impossible logistics processes feasible. These specialised software solutions are designed to streamline the process of managing and optimising the movement of goods, at scale. Covering everything from order entry, dispatch, tracking, and delivery, to invoicing and reporting, these solutions are the technological backbone that make enterprise freight management much simpler to coordinate.

What are the key features of a Freight Management System?

Carrier management

Carrier management capabilities help businesses navigate a sea of options. Many factors – including pricing, service quality, and carrier performance – are thoroughly evaluated before the most suitable carriers are shortlisted. Carrier choice is then made based on the recommendations of the platform given the freight type, timeline and destination.

Shipment tracking

The ability to accurately track and trace assets, their location and status provides companies with valuable real-time data that they can use to make informed decisions about their delivery operations and allows quick action in case of unexpected delays or issues.

Documentation management

Paperwork, even digital versions, are an essential but frustrating element of logistics operations. Freight Management Systems automate the creation and storage of necessary shipping documents - such as consignments, invoices, and dangerous goods documentation - and ensuring that all shipments meet regulations. These documents are also made available to every stakeholder in the supply chain, further increasing efficiency and double handling.

Integrations

Freight Management Software can be integrated with core business systems. For example, order details from the CRM can automatically be fed into the FMS to initiate shipments, while shipment tracking information from the FMS can be updated in real-time and shared with the ERP for inventory management, what-if analysis, advanced analytics and decision-making.

Sustainable logistics

Data and analytics provided by Freight Management Software helps businesses analyse and understand their environmental impact , making it easier to implement changes - like optimised routing, carrier selection, and shipment consolidation - that lead to more sustainable logistics practices.

Analytics and reporting

Freight Management Software provides ready access to comprehensive reports and analytics on shipment history, costs, carrier performance, and more. Businesses can then use these reports to identify trends and make data-led decisions to optimise logistics operations, and improve overall efficiency.

Where can you get a Freight Management System?

Freight People uses Cario, a leading enterprise Freight Management System designed and built in Australia to meet Australian freight needs. With an advanced feature set that can be customised to meet the requirements of enterprise organisations, it can easily scale to support the largest and most diverse freight needs. By working with Freight People, you get this powerful Freight Management System and a large buying power, along with a complete service team that manages your freight needs – leaving you to focus on managing your business.

In an industry dependent on movement, we help our customers stay nimble using advanced logistics technology and strategies that can adapt to an evolving market, and your growing business