2023 TMS market overview
Transportation Management Systems (TMS) enable organizations to efficiently plan, execute, and optimize the movement of goods and materials across its supply chain to help reduce transportation costs, increase lifecycle visibility, improve fulfillment rates, and enhance customer service. TMS platforms centralize all logistics-related data by integrating various data sources into a central database to allow organizations to manage their transportation operations and make data-driven decisions. For organizations specializing in complex logistical processes, implementing a TMS will provide the necessary access to data, analytics, and insights to address continuously changing needs. Moving forward, Nucleus has identified two significant trends expected to grow over the next few years: integrations with supply chain visibility platforms and blockchain technology adoption to enhance the transparency and legitimacy of the logistics processes.