Transportation Information Management Systems, is an operations software (often Web-hosted) under the “supply chain execution” grouping that aids logistics management in various modes along with associated activities, including managing shipping units; shipment scheduling through inbound, outbound and intra-company shipments; modeling and benchmarking, rate management, data base maintenance; generating bills of lading; load planning and optimization; carrier or mode selection; posting and tendering; freight bill auditing and payment; loss and damage claims processing; labor planning and building; documentation management (especially when international shipping is involved); Cold chain management; and third party logistics management.
TIMS feature a main graphic user interface portal known as a "dashboard" that displays the user's selected key performance indicators.
TIMS providers include Shippers Commonwealth and its partner and others. These solutions typically offer optimized planning for multi-modal shipping, shipment management and execution including tendering and tracking, and settlement and reporting options as integrated to a shipper client's enterprise systems.
The main benefits of TIMS are lowered freight costs through optimized mode, route and plan including consolidation, mode shifting, and pools for outbound and inbound freight; and productivity advantages of auto-tendering with customer service aid of shipment tracking, along with self-pay programs and increased management visibility and control through executive information systems. Typical TMS freight savings can run from 2 - 6% for a high volume TL shipper to 12 - 15% for an LTL/TL mixed mode shipper, along with significant gains in efficiency on planning and covering loads automatically vs. manually.
TIMS program is offered as perpetual software licenses with annual maintenance, or on an ASP subscription model, with client hosting vs. vendor hosting options for data center functions. |