Most complex industries have the logistic industry included in the list. Logistics encircles different aspects like cargo management, freight shipping and forwarding, and much more. And these aspects are interconnected with other aspects in some or the other way. Hence, when any company has to handle logistics, they need to have serious software for managing logistics operations. Even there are accurate stats of Logistics Software Market might touch USD 18.31 Billion by 2030. In this article, we will learn more about 10 different key features that have to be monitored when selecting logistics management software. If you are a logistics organization, you will need a strong software solution possible to keep your business running smoothly. Let’s see which 10 features make a Logistics Management Software a better option to select than others.
10 Must-Have features of Logistics Management Software
Here’s the list of must-have features of any logistics management software. Let’s learn more about each feature in detail.
Logistics and Inventory Management
Managing the optimization and track records of the inventory expenses is a challenging task of logistics management. Hence, using Barcode, QR system, or RFID is an amazing way to track the damaged, missing, and returned items from the inventory. The courier tracking software allows you to verify, scan, and track the inventory even from mobile devices.
One can use the smart Barcode that has a delivery management tool/software that enhances the inventory and logistics management, minimizes the expenses by cutting down additional manpower; ultimately reducing the human errors. Inventory tracking function makes the project trustworthy and helps customers with easy processing.
Order Management
When one is monitoring high rates of online orders then a strong logistics software is required. The software should have high-end features that tracks and monitors the orders from different manufacturing units to different delivery points. This software will handle most of the functions of the dispatcher that will minimize coordinating manually. It includes scheduling, order receiving, storage, processing and delivery & shipping.
Few features simplify the process of order management for various firms like real-time optimization, automatic scheduling, tracking, managing order status, multiple payment gateways, and automatic bill generation. Making order management an efficient process and seamless, one has to pick delivery management software with the features mentioned above.
Supply Chain Management (SCM)
A methodical supply chain management contributes importantly to the victory of different businesses. The SCM revenues are increasing day-by-day. The logistics management platform will track goods and services, from manufacturing to end-users. It monitors how the services are made from scratch into the final products; also monitors production, distribution of the product, shipment, etc.
With a better supply chain management policy, it places better synergy linking various teams or departments involved in delivering items. This results in good coordination, enhanced profitability, and superior product quality.
Having a transparent supply chain is a key factor that provides satisfaction to the customer. With an accurate SCM applied, organizations can ensure that only accurate products are delivered at accurate time and to responsible persons.
With the advanced features of various tools such as- modern fleet tracking, centralized dispatch dashboard, strong cast management tool, etc., one can take their SCM to the next level.
Shipment tracking
In this world where everyone wants on-the-spot gratification, no matter what the expenses are, immediate tracking on where your parcel is and when it will arrive. In major situations, eCommerce development companies suggest customers to have a shipment tracking feature in their web project. It makes it easy for users to track their order.
Monitoring the path of the shipment from when you placed the order and when it will reach its final destination; this process is critical in modern logistics management. This feature includes various tools which can be used by individuals or businesses to watch shipments step-by-step with the supply chain. It provides insights into delivery time, location of the shipment, and other useful features like real-time alerts of the shipment and other details.
Warehouse Management
The feature of Warehouse management helps businesses to do optimization of various operations in the warehouse and makes working flow smooth. Warehouse is a group of different operations that includes storage, processing, handling, returns, and shipping. These operations are managed with the use of a strong warehouse management system. This feature is extremely useful to increase the planning of operations and pace of delivery. Additionally, it minimizes the shipment cost and cuts down the human efforts.
This software permits the businesses to gain full control on the warehouse management. This ensures speedy movement of parcels till it reaches the customer.
Forecasting
Anticipating data analytics is a great feature that adds more into the shopping experience. Dispatch software used in today’s apps have strong analytics and data forecasting capabilities. The software has a demand-forecast that is based on shopping trends of previous buying behavior of the customer.
It can be used for acquiring customers, to upsell customers and enhance their retention. Uniformly planning on proper customer insights, businesses can easily establish long-term relationships with customers and make their preferences to give their shopping experience a new angle and get profitable leads.
With the AI-powered model, businesses can get detailed analysis of the average utilization of resources, procurement cycle, etc. Complete perception, delivery, manufacturing, and like quality control allows businesses to develop different operational strategies, cut costs and build different products.
With some qualitative shipment dispatch software, organizations can easily assign a right person for the right job.
Real-time updates and visibility
Real-time and immediate visibility of all supply chain channels is a game-changer feature of the on-demand firm. Customers do appreciate real-time tracking of instant communication and order goods on different possible shipping information.
Apart from this, the appropriate and accurate data accessibility helps dispatchers make arrangements even for last-minute orders, cancellations, and requests.
No organization can escape these changes. Hence, it is imperative to get the access of complete visibility from the supply chain with proper logistics software to ensure that the agents and dispatcher are efficient to respond even to last-minute changes.
User Control
Having a logistics management software for business can help you improve the efficiency and also save money. It is the backbone of how to communicate with your customers, track real-time shipments, manage resources, and many more.
The super admin of the users can enable them to access specific modules on the software. It is also called user rights. If you want to gain a full approach to the logistics software.
Stock and Transport
The system of stock management and transport is an inseparable part of logistics or freight business who are in the SMB category, and enterprises who have warehouse facilities. The main purpose of any stock management system is keeping the track of the stock sold and remaining stock.
Additionally, keeping track of the stock that is returned is also an essential task as it plays a major role to have a perfect picture of the revenue and stock count. A qualitative good stock management software will support all the stages including the validating product quality, managing products under respective categories, capturing details, and much more features.
It’s important for categorizing the product type for having a smoother workflow including storage location type- cold, hot, warm, or normal, weight and size of different products to allocate with applicable restrictions like Dangerous, Flammable, etc.
Mobile App
In this era, where it is nominal that everyone owns a smartphone, expensive to cheap; and use them for different purposes. This plan led many individuals and companies alike to create mobile apps that can make life easier.
The logistics mobile application has the latest features and hence there’s no need for users to do manual data entry and spend time on other things. It saves almost 70% of the costs of the mobile app.
The modern logistic app will help you with managing different logistics operations like creating suppliers, jobs, customers, uploading jobs, adding status of the job, and many different features.
Concluding Words
In the end, these 10 features of the logistics management system are becoming an essential tool for different businesses to maintain their SCM and operations and enhance the overall efficiency. When you choose any logistics management system, it is essential to know about the features that will best suit the business needs like inventory management, reporting and analytics, real-time tracking, and integration of different systems.
By implementing the above mentioned features, and selecting a suitable logistics management system, the functioning of eCommerce sites improves. You should consider points like business requirements, inventory management, reporting and analysis, real-time tracking, integration with different systems.
Investing in the correct logistics management software, any business can remain competitive and fast-paced; ultimately ensuring the timely and smooth delivery of different goods.
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