Welcome to Edition #37 of the JBF Bulletin! Like many things in Supply Chain, TMS means different things to different folks.
If your perspective is that of a shipper, LSP, carrier, or other participant in the transportation function, your definition may be different. Regardless, nearly 4 out of 10 respondents in our recent poll identified a new TMS as a priority.
It appears that a large number of our poll respondents are taking steps to at least consider, if not select and implement a new TMS. We expect that some of this response could also mean, upgrade or extension to an existing platform. But it appears the demand is there.
This level of response is not wholly unexpected. We hear from potential TMS buyers every day that they are “in the market”. What does that mean?
Well, first we must understand the current situation and future needs. That in and of itself is, and should be, a significant step.
In order to select the correct Logistics Technology for your business, we wrote about why you need a well-defined set of requirements that overlaps with the corresponding feature set of the Logistics Technology provider.
Requirements are essentially ‘problems to solve for’ and the matching features from the vendor are ‘solutions to problems’ you might also have.
Thank you for your continued interest in our monthly Bulletin. Happy reading!
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The JBF Freight Transportation Industry Bulletin is a newsletter curated by the JBF Consulting team, with a focus on supply chain, transportation, logistics and of course freight.
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The fine print: This newsletter is being provided to the reader as a general overview of current market conditions and contains information compiled by JBF Consulting from a variety of sources. This newsletter is provided solely for general informational purposes and is not intended to be, nor should it be construed by the reader as, specific advice or a solution tailored to a particular company or client. Before acting on any information, you should consider the appropriateness of the information provided to your company’s circumstances and it is recommended that you seek independent advice if you have questions specific to your own objectives.
JBF Consulting makes no representation or warranty as to the accuracy or completeness of the information contained herein and shall have no liability for any representations (expressed or implied) regarding information contained in, or omitted from, this newsletter.