2. What is an ERP software solution?
ERP stands for Enterprise Resource Planning and refers to software and systems used to
plan and manage all the core supply chain, manufacturing, services, financial and other
processes of an organization. Enterprise Resource Planning software can be used to
automate and simplify individual activities across a business or organization, such as
accounting and procurement, project management, customer relationship management,
risk management, compliance, and supply chain operations.
Individual ERP applications can offer software as a service (SaaS), while a complete suite
of ERP applications forms an ERP system that can be used to effectively communicate
and bring together business processes to enable a flow of data between the applications,
typically through common databases either on-site/on-premise or in the cloud.
3. ERPs connect every aspect of an enterprise. An ERP software system allows for better
performance and project management that helps plan, budget, predict and accurately
report on an organization’s financial health and processes.
Benefits of ERP Software for the Logistics Industry
Reduced Expenses
ERP solution provide precise data in real-time, enabling organizations to take better,
more accurate decisions to curtail their monthly expenditure. Decision-makers no longer
have to wait to get important information or feedback, allowing them to resolve issues and
take corrective actions wherever required.
Customer Portal
A robust ERP for the logistics industry includes a customer or vendor portal to enable
easy login and prompt and effective monitoring of all aligned processes. Communication
is integrated via email or secure SMS so that the user gets updates directly in their
4. Inventory Control and Stock Visibility
It is crucial that you have absolute control over inventory to ensure that there is
operational efficiency in logistics and transportation. Thanks to the inventory
management module in the ERP system, all this information like sales tally, stocks,
current requests, and deliveries on the route are the most important elements of
inventory that you need to keep track of and are available in a single dashboard.
Financial Reporting
This is one of the most important advantages of implementing an ERP system in
logistics. The accounting tools in Tranquil help to keep track of revenue and expenses
so that you can balance your accounts receivables and accounts payables. It also
generates automated reports, categorized by location, employee, profit center, or
whatever parameters or KPIs you select.
5. Easy Maintenance
The biggest assets in the logistics and transport field are the vehicles used for
transport, and next, the individuals in charge of the vehicles. With the logistics
companies becoming more complex, the maintenance and planning of transit
schedules become cumbersome.
Improved Distribution Management
ERP software for the logistics industry ensures improved channels of distribution and
faster distribution times. It can be configured to extract data from historical data
stored in the company’s systems, customer reviews, or from social media so that the
delivery process can be improved.
Governance with Real-Time Tracking
6. Tracking shipments in transit can be pretty challenging. However, GPS integration
can be used to track vehicles that are in transit, in real-time, and you can see where
the vehicle is located at any given time. Leveraging accurate, real-time data helps
managers in providing better customer support, and also in developing enhanced,
smarter business plans.
Customer Satisfaction
ERP solutions like Tranquil provide in-depth customer-wise analysis, with a
complete record of all their information. This enables the company to form deep
personal bonds with customers. Real-time data helps managers to avoid making
mistakes, make timely deliveries, and fulfill their promises to customers while
delivering personalized services.
9. Enhanced Staff Management
7. Logging and managing the number of hours, leaves, breaks, overtime, accident
claims, payment bonuses, insurance, performance evaluations, and more of freight
operators and other employees can be overwhelming with a manual system.
However, with an efficient ERP solution, it can be easily automated and streamlined,
making the task error-free as well. With a mobile ERP solution for the logistics
industry, The KPI indication feature integrated into the ERP offers entrepreneurs
and managers quick and easy access to employee performance evaluation reports.
Conclusion
ERP solution are used to help businesses of all sizes overcome challenges—from
small businesses to massive enterprises. Early business practices may no longer keep
up with growing demand and require more efficient business tools, like ERP, to
effectively manage a business’ systems and resources. ERP software systems provide
many benefits to the health and growth of a business.
8. ERP systems deliver the most value when a company has modules for each
major business function and ensures timely, accurate data entry. And, the more
stakeholders have access, the better. When a company uses business systems
from multiple vendors, integrations are generally possible to make data
automatically flow into the ERP. This real-time data can then be used
throughout the ERP instance to benefit any process or workflow.