Selection of an ERP system for freight forwarding and logistic business

May 25, 2018 | By admin4u | Filed in: Uncategorized.

The complex nature of the shipping and logistics sector and the strict competition that exists in this sector are unique challenges for small and medium-sized businesses. This makes it imperative that freight forwarders, non-charter air carriers (NVOCCs), individual agents, international freight forwarders, shipping agents and cargo agents make their multifaceted business competitive. The introduction of a good ERP system for logistic and forwarding tasks can help companies to rearrange and enhance their activity while adapting to a rapidly changing regulatory environment

. Although an ERP framework can help you in your business and operational functions in the long run, choosing the ideal shipping software that allows access, access, and sharing from and to departments is not easy. Before designing and deploying an ERP system, it is important for businesses to analyze their potential by taking into account the following factors:

Integrating all operating and accounting elements on a single platform

The most important factor to consider is the degree of integration ERP allows. For example, a small and medium-sized freight forwarder who uses various applications to manage features, including freight, customs agent, documentation, container tracking, tracking of cargo and compliance services, would mean more when integrating all applications into a single master Tally ERP 9 platform based application. This tailor-made Tally solution makes the operation more efficient, cost-effective and provides real-time visibility and corresponding debits for incoming / unbroken shipments to the owner.

Avoiding duplication of multi-dependent tasks

The second parameter is to consider how far the ERP system can centralize multi-branch tasks. View all branches of a multi-site shipping agency using a separate business accounting application. This results in independent, independent data sets that lead to unnecessary delays, interruptions, and data retrieval while the business owner needs real-time business and operational data monitoring. On the other hand, if the same agency decides to partner with a Tally provider and install a centralized software application, it has much greater predictability. As this scenario allows the master application to read, write, and edit data from each branch, it helps entrepreneurs to track shipping costs, performance, profitability, and outstanding detail

. and greater visibility

The ERP system you choose should provide greater financial control by integrating the operational tasks and the actual transaction data. The system should allow the owner to calculate the expected profit of the consignment and then compare it with the actual cost and profits of the consignment (using data from transactions, receivables, liabilities and mediation costs). This will help the owner to track the profitability of each job, which can help them focus on future shipments / jobs that show a higher profitability ratio.

Quick Access to Information, Reporting and Data Archiving [19659002] Information, data archiving and data storage play an important role in the logistics and delivery business. The ERP system can create and archive reports, including scales, shipping-related MIS reports, packet lists, purchase orders, and multiple accounts for different chain members. In addition, cargo documents, including Cargo Arrival Advice (CAA), cargo arrival notice (CAN), delivery order (DO) and home billing receipt (HBL) must be generated directly from the application. This helps entrepreneurs not only download, but also transfer these documents directly from the system to logistic chain partners.

Source by Riyaz Tamboli

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