Even before the pandemic had impacted industries like manufacturing and retail, moving goods from point A to point B was both a daily operational task and a C-suite mandate that can influence enterprise growth. Since 2020, though, transporting products from warehouses to distribution centers and finally to customers' doorsteps has exposed the fragility of the technology in place to enable this journey.
For instance, retailers with a digital presence have seen a spike in demand, as more customers are getting used to the convenience of online shopping. However, they still have a very low tolerance for delays or other disruptions affecting their purchasing experience. It has increased the role of carriers/shippers in ensuring customer satisfaction.
Once it became evident that managing the physical movement of goods on the cloud was here to stay, Transportation Management System (TMS) emerged at the front and center. It has helped some of the industry's biggest pain-points, such as:
At its fundamental core, TMS helps enterprises modernize, accelerate, and streamline their daily transportation operations. It sets in place intelligent workflows across mission-critical processes like planning, procurement, and logistics to ensure timely delivery and compliance to trade regulations.
Spreadsheets are also quickly becoming archaic, as enterprises have started to leverage TMS can unearth deep-dive insights. It gives them convenience, intelligence, and speed to track and improve the journeys that their freight and goods embark upon before reaching customers. Some of its measurable business outcomes include:
According to Gartner's recent forecast, the TMS market is expected to grow at a staggering rate - from $1.32 billion (in 2019) to $2.11 billion (in 2024). Gartner also observed the number of enterprises "that have started transitioning their TMS solutions from on-premises to the cloud" is on the rise.
The Gartner Magic Quadrant for Transportation Management Systems selects the top TMS providers based on criteria, such as multimodal capacity, implementation and delivery approach, offering credibility, brand sustainability, global presence, and more. In 2021, Oracle - a TMS mega-suite vendor – was named a Leader in the TMS Magic Quadrant. Oracle was also the largest and fastest-growing vendor (as per revenue) included in this prestigious list - compared to the other Magic Quadrant vendors.
Oracle TMS is best-suited for shippers and logistic providers looking to automate and integrate their transportation processes – starting with planning all the way to execution. It offers a single robust application to manage all transportation modes (road, air, rail, ocean, etc.). Recommended for enterprises whose transportation operation levels range between Level 2 and 5, Oracle TMS also empowers the discovery of new capabilities that were previously hidden.
Aspire Systems is an Oracle Partner to help unlock the potential of Oracle TMS. We have a proven track record of being one of the first providers to deliver global Oracle Fusion implementations for our clientele. Our integrated tools and customizable frameworks, along with in-depth RPA, testing, migration, and acceleration capabilities, can optimize the ROI of the Oracle TM Cloud ecosystem.