Delve into how Transport Management System can help businesses cut transportation and logistics costs.

June 21, 2024
Article

Ways a Transport Management System can significantly reduce transportation and logistics costs

Cutting operational costs and maximising profits is a never-ending quest when operating in today’s world where competition is tough. Businesses that rely heavily on efficient transportation and logistics often face a complex cost beast with multiple heads: long haul routes, low frequency, manual intervention and lack of carrier control. Fortunately, there’s a powerful tool to overcome these challenges – Y3 Transport Management System (TMS).

The Cost Conundrum: Challenges Businesses Face

Understanding the common cost burdens that businesses face in transportation management is key to reducing business risks and increasing operational efficiency.

  • Inefficient Route Planning: Traditional, manual route planning is time-consuming and prone to errors. It results in increased fuel consumption and longer delivery times, hence causing more resources to be wasted.
  • Limited Visibility: Delays and missed deliveries happen. With a lack of real-time tracking, businesses struggle to identify these challenges early, which impacts their responses and often results in lower customer satisfaction.
  • Labour-Intensive Processes: Manual tasks such as freight management, carrier selection, and documentation are cumbersome and error-prone. Not only does this lead to increased labour costs, but there are also other setbacks like missed deadlines.
  • Disorganised Data Management:  The use of multiple spreadsheets and different systems when not consolidated causes data to be scattered. This slows down or even hinders informed decision-making. Without a centralized data hub, businesses struggle to optimise transportation processes.

The Value of Y3 TMS: How It Cuts Transportation and Logistics Costs

Businesses which adopt Y3 TMS will soon realise how valuable this is in optimising their business efficiency. Y3 TMS provides a comprehensive suite of functionalities designed to tackle the challenges head-on. With Y3 TMS, businesses experience significantly reduced fuel costs, minimised driver time on the road, and better timely deliveries. Let’s dive into how Y3 TMS can cut your transportation expenses across the board.

  1. Route Optimisation

One key benefit of Y3 TMS is its ability to optimise routes easily. Our solution can perform this because of its intelligent algorithms.

    • Intelligent Routing Algorithms: Y3 TMS has robust algorithms to create optimal route planning based on distance, traffic conditions, delivery schedules, and vehicle capacity. This reduces wasted miles and fuel consumption and ensures a more efficient delivery time.
    • Multi-Stop Planning: Planning multiple stops where the routes are optimised is done with much ease. It enables a more efficient delivery schedule and reduces overall travel time.
  1. Enhanced Visibility

Y3 TMS offers businesses enhanced visibility into their operations. As a result, businesses enjoy better decision-making with a reduction in the risk of missed deliveries, increased problem-solving capabilities and cost savings.

    • Real-Time Shipment Tracking: There is real-time visibility into the location, status, and estimated arrival time of your shipments to your customers. It gives you the opportunity to keep your customers informed of the status of shipments through proactive communication and address any potential issues before they escalate.
    • Improved Communication: Y3 TMS facilitates seamless communication between dispatchers, drivers, and customers. Every entity is kept updated on the shipment progress. This creates a smooth flow of information and minimises delays.
  1. Streamlined Processes – Automation Equals Efficiency

The streamlining of processes is achieved through Y3 TMS. Its strong automation feature facilitates a reduction in labour costs associated with manual tasks, eliminates errors and improves overall operational efficiency.

    • Automated Freight Management: Time-consuming tasks such as carrier selection, quotation, and booking are automated in the Y3 TMS. As a result, employees are freed up to work on more strategic tasks. Errors associated with manual processes are reduced drastically.
    • Simplified Documentation: The system automates the generation of crucial documents such as shipping documents, invoices, and bills of lading. It removes the manual processes and human errors, hence improving accuracy and streamlining administrative workflows.
    • Integrated Data Management: Y3 TMS functions as a central hub for all transportation data, thereby eliminating the siloed situations. Businesses are now better able to generate reports and analytics, and extract historical information, hence facilitating informed decision-making.

Conclusion: A Powerful Investment

Businesses will achieve many business benefits with the Y3 TMS. With its impressive range of features supporting the transportation process, businesses stand to gain a better competitive advantage. Y3 TMS not only serves to decrease costs such as transportation and logistics costs but also increases customer satisfaction due to improved delivery times and better communication. It is an investment that pays off in a leaner budget, a more efficient operation, and a happier customer base. So, are you ready to tame the transportation cost beast?

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Santosh Kumar

Santosh Kumar is our Head of IT Operations at Y3 Technologies Pte Ltd, who has been an invaluable part of our Y3 family for over two decades. Santosh's journey with us began in 2003 when he joined as a software consultant. Since then, he has donned multiple roles, each contributing significantly to the successful delivery of projects and the effective management of our IT operations.

Santosh brings with him a wealth of experience and expertise, having previously worked in the logistics industry. His unique blend of industry knowledge and technical prowess has been instrumental in our ongoing success. With a Master's Degree in Computer Science, Santosh possesses the qualifications and insight that have made him a true trailblazer in our field.

Passionate about implementing best practices and delivering services of the highest quality, Santosh Kumar is more than a professional; he is a driving force behind our commitment to excellence. His dedication to our company's mission and values has not only shaped our approach to IT operations but has also set the standard for innovation and customer satisfaction. In his role as Deputy Head of IT Operations, Santosh continues to lead by example, inspiring our team to reach new heights. His unwavering commitment to quality service delivery is a source of inspiration for all who have the privilege of working alongside him.

Navin Bhatnagar

As Y3 CEO, Navin is responsible for the company’s overall strategy, driving revenue growth through Y3’s cutting edge omni-channel supply chain solutions and services and ensure that the company is delivering value to its customers. He will work closely with the executive team to implement the company’s vision and mission and ensures that the company achieves its goal of becoming Asia Pacific’s leading supply chain, logistics and omni-channel e-commerce technology provider.

Navin brings with him over 25 years of experience in information technology, with extensive knowledge of the logistics and supply chain industry and government sector. Prior to joining Y3, Navin was the Senior Director and APAC Regional Head of DSV Global Transport & Logistics. He had spearheaded digitisation initiatives, explored new technologies, and innovatively automated business services to drive operational excellence.

In an earlier role, he was the Senior Director, APAC Regional Head – IT Service Management and Information Security Management in DHL Global Forwarding & Freight, spending substantial time overseeing successful implementations of business applications and all related IT solutions across countries in DHL. He has spent few years in DHL Supply Chain, supporting Regional IT Programs previously. Navin holds an MBA from the University of Queensland, Australia, and a Master’s Degree in Computer Applications. He is SAFe 6.0 agilist and holds several memberships in well-acclaimed institutes, which include the Singapore Computer Society, Scaled Agile Inc., Scrum Alliance, and DevOps Institute.

Anandhan Subramanian

Anandhan is Y3’s Deputy Head and has been part of Y3 for over 20 years.

As one of Y3’s prized loyal employee, he joined the company in April 1996 as a graduate officer. Prior to his current role, he led the Product Development and Quality Assurance Department.

Anandhan is passionate about enabling best practices and enhancing customer experience in service delivery while maintaining a strong continuous improvement in his team’s culture and mindset.

Jeffrey Tan

Jeffrey is a seasoned business professional with an impressive track record of driving revenue growth and leading high-performing sales teams. With over 20 years’ in business and sales, he has established himself as a dynamic and results-oriented leader known for his strategic vision and commitment to excellence.

As the Head of Sales at Y3, Jeffrey is responsible for overseeing a diverse team of presales consultants and sales professionals, shaping the company's sales strategy, and ensuring consistent revenue generation. He has the ability to identify emerging market trends and develop innovative strategies to capitalize on opportunities. His passion for staying at the forefront of supply chain and logistics technology industry changes has allowed him to guide the company through periods of growth and adaptation.

Throughout his career journey including his tenure with SAP and NCS, Jeffrey has been dedicated to mentorship and coaching. He firmly believes in the power of a customer-centric and motivated team to co-creating solutions that value-adds to organisations. His commitment to professional delivery has led to over-achievements in sales performance.

Jeffrey holds an MBA from the University of Adelaide, Australia, and an Honours Degree in Electrical and Electronic Engineering from National Technological University, Singapore. He is an avid volunteer who volunteers in social causes such as prison consulting and organisations that focus on inclusivity for the disabled such as Running Hour (2022 co-vice-chairman) and Singapore Association of Visually Handicap (2021 sub-committee).

Koh Lee Kiow

As Y3’s Head of Product Management, Lee Kiow leads a team of Project Managers and Technical Leaders in SCM’s Application Systems implementation across ASEAN, China, India and Australia for the following solution suites – WMS, TMS, FMS & Financial Service Engine, Route and Load Planning, Replenishment Module and Mobility Solution.

She boasts over 20 years of experience in SCM Software Design & Development and Project Implementation, 8 years of which were dedicated to application design of end-to-end SCM solution suite and 12 years to projects implementation for MNC customers across a range of industries.

During her stay at Y3, Lee Kiow was involved in a range of notable projects. She has implemented WMS and TMS systems for large scale FMCG client and an ASRS project with full integration to WMS. She has also implemented a Regional Part Merging project for Dell in Malaysia, Singapore and Thailand and was involved in multiple generation of IT Application System design.

Lee Kiow is also the IT Solutions designer for the Supply Chain City for YCH, which has integrated SCM with RFID & OCR technology and integration with Automated MHE (ASRS).

Dr. Yap Chih Nam

As Y3’s Head of Product Technology, Chih Nam is responsible for the planning and execution of Y3’s product strategy where he champions the adoption of Y3’s supply chain solutions and products by incorporating best-in-class technologies to meet the evolving needs of customers. Chih Nam boasts over 20 years of experience across 3 different countries namely the UK, China and Singapore where he has designed and implemented IT systems across Asset Management, Nuclear Plant Safety Analysis, Warehouse Management, Transport Management as well as RFID related systems across retail, nuclear and logistics sectors.

Since joining Y3 in 2007, he has held various Senior Executive Management roles in Research & Development and Service Support. Within Research & Development, Chih Nam led a team of over 30 software developers to drive requirements mapping and feature improvements across Y3’s WMS and TMS solutions. His involvement in Service Support enabled him to lead a team of over 50 managers, business analysts and senior staff across 10 APAC countries in support of over 150 customer accounts in the electronics, FMCG and healthcare sectors. Chih Nam also led Y3’s expansion into Greater China where he spearheaded the development of a range of flagship RFID and middleware products and has set up an “Internet of Things” Innovation Centre in Tianjin.

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