With IT budgets stretched thin and the number of NAV add-on systems and software products growing, custom-built software is becoming increasingly difficult to support. The ideal TMS is one that you don’t need to hire more people to manage, spend time customizing, or monitor continually for updates. Dynamics TMS, eliminating any custom work.
You need a TMS that really works. It should be powerful, agile and function seamlessly in the cloud. It should be able to tell you where every product is at all times, and it should start delivering a return on your investment from day one.
Dynamics TMS from Next Generation Logistics combines off-the-shelf ease and powerful capabilities to make life easier for IT leaders everywhere. It’s a complete enterprise transportation management planning and execution solution that enables companies to make effective and efficient business decisions. With scalable, global capabilities to fit organizations of all sizes, the system is used by hundreds of companies to manage hundreds of thousands of transactions daily. Dynamics TMS:
• Is Microsoft NAV/GP – ready, with no customization required
• Can be delivered as a hosted on-premise or cloud solution
• Upgrades automatically, eliminating the need to track and manage new software releases
• Is built by logistics professionals with more than 27 years of industry experience, giving them the knowledge and expertise to keep your transportation team running
One of the hot transportation topics I receive questions about from users is the question of how freight costs are used with NAV and a TMS, especially meaningful for the food and beverage industry where margins are razor thin and profitability many times rests on the freight landed cost.
On outbound and inbound freight, Dynamics TMS keeps track of 2 primary freight costs.
- Benchmark or A/R: What we call the benchmark or the freight cost component is that your sales or marketing team has included in the cost of the product. If you show the freight cost on your product invoice (PPA), then that is considered the benchmark.
Actual or A/P: This would be the agreed upon transportation provider cost you agreed to pay for a specific order. This can be and often times is very variable depending on economic conditions and carrier capacities.
The net difference, positive or negative between Benchmark and Actual will determine if a particular order is loosing money or making money on freight and will definitely impact bottom line margins.
If your company is a user of transportation services, the ability to proactively evaluate freight profitability is essential to the company’s financial well being. Regardless of what brand of TMS or possibly Excel spreadsheet you are using, consider this strategy as mission critical.
How is your company managing this process?
Next Generation Logistics, Inc. is a technology based supply chain solutions provider with over 26 years hands-on experience offering Advanced Transportation Software, Managed Transportation Services and Supply Chain Consulting.
NGL’s services focus on supporting efficiency and growth for organizations that want to create a strategic advantage with proven supply chain concepts. Our Products and Services allow for recommendations and implementations of proven strategies based on current industry practices, while utilizing the latest in software solutions.
Invest in your future, with a company that is “Large Enough to Serve, Small Enough to Care.”