How custom logistics software can make the process of vendor compliance management much simpler?

In field of logistics, vendor compliance is one of the first challenges that every enterprise faces. It is a set of standards that governs how a customer would like to get the goods delivered or how the delivery process of the goods should be from a vendor. There are various standards which deal with general and complex issues which often make it much more difficult for the vendors to carry out business tasks in an effective way.  

Many of the standards deal more with how the goods will be delivered, how the packaging would be, labelling of the packages, invoicing etc. It becomes much necessary for the vendors to adopt a unique process which offers greater level of flexibility and the one which doesn’t cost much. Without proper management of the compliance requirements, an increase in product pricing, delivering issues or less interest from the customers in taking the services from the vendor may take place. In many cases, customer drops the vendor when they do not get what they really look for. It can really be catastrophic too if customers continue to show same kind of behavior. This might lead to increase in competition in the business and a dropped vendor may fall behind its competitors. To overcome this problem and various other problems, it is necessary that the vendors should look for suitable options to streamline their business.

Available Options

There can be three options for them. If they are running big business and if they can bear the expenses then implementing own logistics department is a good option. This department can take care of everything which is related to business. The second option is related to outsourcing tasks to a third party logistics (we call it 3PL) provider. By doing this, they do not have to spend time or resources in managing the services as everything will be managed by 3PL Providers. The third option deals with making use of the software which can work in an excellent way. Implementing this custom, innovative and reliable software solution, vendors do not have to spend more on hiring experts for their processes or spend more on various other intra and interrelated processes.

Comparing 3PL and Logistics Solution

It should be said here that 3PL is a traditional option which really does not feature one’s own logistics department but if you are making use of unique, easy-to-use software then this can help you in managing everything effectively and this solution can even be much more economical too. It would then certainly be not required to invest money in managing tasks by taking services from 3PL providers. Vendors can achieve the same level of service or even much better level of service by making use of the software solution.  By making use of it, it can be easier to follow an efficient compliance management methodology. They can effectively anticipate twists and turns in relation to compliance, enhance or optimize all or any business process or meet the standards of the customers. For enterprises who are looking for a cost-effective solution to bring efficiency and reliability in their operations, logistics software can really be the best choice. It can drive down the costs and help enterprises gain numerous benefits.

How to Overcome Freight Management Challenges?

For many of today’s freight enterprises, grappling with trends taking place in the freight industry and their own often outdated systems is putting an immense strain on freight processes. For freight forwarding or management organizations, enhancing quote-to-cash processes and revitalizing their own supporting systems are important criteria to improve visibility and be able to take better decisions. By perfectly addressing capacity planning, revenue optimization processes and by automating their sales or customer service operations, freight enterprises can improve not only their services offered but can also bring into their systems greater level of visibility that enables high margins or increase in business revenue.

With competition rising at a greater level, freight enterprises around the globe, face a number of challenges to remain much more competitive and profitable. Some of the major challenges include the following:

 

  • There has always been felt greater need for visibility in all of the inbound and outbound processes / visibility in freight control on a global basis.
  • Constant revenue leakage stemming from inaccuracy in processes (or because of the inaccuracy in capacity and pricing).
  • Making use of the manual processes in order to manage freight operations.
  • Outmoded legacy systems that is weakening customer relationship or leading to weak customer response or customer service.
  • Inflexibility in business rules or workflow making it more time-consuming and expensive for the fright enterprises to adopt anything new or react to changes in business environment.

 

To overcome the challenges given above and many other intra and inter related problems that crop up from time-to-time in freight management businesses, it is essential that the business owners focus on making use of the smart freight software which offers end-to-end solutions and promises of delivering high performance.

 

With the use of the reliable freight management software, enterprises can

 

  • Effectively focus on flawless operation planning and execution (They can plan and execute perfectly well by aligning the processes around major and minor routes, capacity, costs, rates and pricing etc. which will eventually will enable optimal capacity utilization and increase in business revenue).
  • Do away with the tedious, time-consuming manual tasks.
  • Improve asset efficiency, agility and responsiveness.
  • Better leverage their team skills.
  • Easily reduce revenue leakage / drive higher margins and profitability.

 

 

BoxOn Freight Management Software – Customer-Driven Software

 

BoxOn is built on a modern technology base, flawlessly engineered with high-performance business processes in mind (to fulfil business requirements unique to freight management industry). The modular nature of our software allows our customers to get it deployed as standalone components or multiple components. Any module can be integrated as per your business requirements and can scale as per the needs. It offers increased business process automation, enhances freight rate management capacity, centralized accountability and traceability, real-time collaboration and rule enforcements, adaptability to changing market environment.

For Live DEMO of our freight management software, please, email us to sales@boxonlogistics.com .