4 Rapid changes driving demand for NetSuite Implementation within the Transportation, Logistics and Freight forwarding Companies
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NetSuite implementation for Transportation, Logistics and freight forwarding businesses
In the past year, the transportation and logistics industry has experienced a massive shift in its supply chains. With growing competition and new demands, new technologies have caused dramatic changes that offer improved quality services. Of course, logistics and transportation companies everywhere must be up to date on the latest trends to satisfy their customers. Transportation & logistics companies have experienced a great impact throughout these last few years due to the increase of demand from online sales, as we learn to adjust the COVID-19 impact on our everyday routines. Supply chain management systems were tested fuelling the need for change as instant real-time visibility, business intelligence, and data-driven insights became priorities in the market. With expert advice from ERP Buddies, these are the transportation and logistics industry insights and trends that business professionals should know about.
eCommerce Growth
As previously mentioned, there has been continuous growth in the last five years in eCommerce sales. This has only grown during the pandemic due to closures of retail stores causing a significant change to consumer behaviour and routines within our society. Not only that but, the accessibility to technology such as smartphones has made it that more convenient to make purchases remotely. The modern consumer has slowly been trained to enjoy such luxuries of express delivery, therefore factors such as maintaining travel time to a minimum have become crucial to the freight industry.
Automation of Services
Included in the major trends in the transportation management industries is automation. Throughout industries, there has been a big shift to automation with logistics and transportation being driven by this trend. Technology such as drone delivery has already been explored by retailer giant Amazon, who are pioneers in digital innovation landscapes. Other ventures that have also been catching the attention of transportation businesses are self-driving cars which is a technology that can potentially transfer to fleets, innovations to sensor technology have been the motivation for new technologies such as these to be possible.
Real-time Visibility
Transportation and logistics businesses need to meet the capacity to oversee their freight transportation. Industry professionals seek to have optimized visibility to tend to business responsibilities such as multi-location planning. Therefore, factors such as instant real-time visibility for fleets and other items in transit become a high priority. This can also aid in minimizing losses. Tracking technology adoptions can be heavily seen and is among one of the major logistics trends in transportation.
Cloud-Based Systems
One of the biggest innovations to systems in the transportation and logistics industry is the increased adoption of cloud systems. NetSuite Cloud ERP is a platform that has the capabilities to streamline work processes thus allowing team members of different departments to communicate effectively. Tasks such as inventory management, product demand, supply chain, and sales can all be gathered into an all-in-one system that every employee can access. Cloud systems such as NetSuite provide the support for businesses to operate under a software-as-a-service (SaaS) model where businesses can gain opportunities for more innovation in digital resource usage.
Recognizing the up-and-coming trends in your industry is crucial to stay up to date. Shifts in our everyday climate also have a great impact on this as mentioned above. Inquire our industry experts at ERP Buddies about whether your business is ready to make changes to its business functions, and sustain the growth that is occurring within the transport industry.