5 Ways Enterprise Shipping Software Reduce Costs and Mitigate Risks

Enterprise shipping software solutions have been around for quite a while, but some shipping companies including NVOCCs and logistics providers may not have fully understood their impact on modern shipping. Well, when it comes to reducing operational expenses and improving profitability, shipping software plays an essential role.

Here are five key benefits of using integrated software solutions for shipping:

1. Prevent cargo loss or damage by allowing both shipping companies and customers to have complete container visibility while in transit or in carrier-operated warehouses.

This is especially useful for overseas transactions where goods and containers pass through complex supply chain logistics cycles that usually take weeks to complete. Container tracking software give carriers a real-time view of cargo movement, which allows them to track, monitor, and control the entire shipping process. They also make sure that orders are delivered on time and in best condition. Also knows as logistics tracking software, this application enables both carriers and suppliers to give their customers peace of mind by keeping them updated about the exact location and status of their orders.

2. Make best use of container and stowage space to maximize profit.

Operating cost and profit are major considerations when shipping goods. These are also among the reasons large companies idle their smaller vessels and deploy larger, more fuel-efficient carriers, or automate their operations using shipping management software. Doing so enables them to carry greater volumes of shipment in a single port call, which practically reduces their expenses on fuel and maximizes their profit through economies of scale.

At some point, shipping companies have to deal with awkward cargoes that are hard to fit into regular containers. This often results in broken stowage and dead or unutilized container space. Container management software quickly solves this problem. Designed specifically for container fleets, this application automates cargo load planning, optimization, and distribution of container stocks, which improves organization and increases the storage capacity of each container. For non-container cargoes, shipping software companies have also developed customized applications such as bunker management software designed for bunker carriers.

3. Pinpoint existing and potential container damages before they become completely irreversible.

Container damages can result in serious problems during shipment and or transshipments. Container repair software can help carriers pinpoint potential problems in containers and manage the labor-intensive repair process. This includes automating the associated paperwork, sending estimates, tracking status, and billing. Most importantly, this software application enables carriers to act quickly before those problems turn into expensive and extremely dangerous situations.

4. Streamline communication between ships, carriers, and ports, to facilitate seamless execution of everyone involved in the logistics network.

Cheap and streamlined communication is part of every successful shipping transaction. Shipping line software provide easy ways for logistics managers to send and receive messages using various communication devices and channels such as voice, SMS, and email. When problems arise, notifications can be communicated instantly across the supply chain, and those in charge can implement solutions to address issues and keep all operations on track. This capability is extremely important for cargo consolidators who use NVOCC software to constantly communicate with vessel operators from the shore.

5. Ensure that trade rules and regulations are strictly followed.

Every country has its own set of trade regulations for shipping. Sidestepping those regulations can result in penalties that include hefty fines, cancellation of trade license, or even imprisonment. Liner principal software streamlines the trade compliance process by eliminating paperwork to make the whole process fast and hassle-free. Carriers equipped with integrated shipping agency software receive updates on compliance requirements in each country or trade route. This helps to ensure that every segment of the supply chain has been appraised and well-informed of compliance requirements.

They say “an ounce of prevention is better than a pound of cure”. This saying is worth some serious reflection especially when it comes to container or bulk shipping where small glitches can easily develop into extremely expensive and irreversible damages. The initial investments for liner shipping software implementation can be overwhelming at first, but when long-term profitability and competitiveness are on the line, it is certainly worth serious consideration.

How Shipping Software Is Good for Shipping Business?

In the shipping industry, choosing a software solution is a vital enterprise for long-term business growth and sustainability. For shipping companies, the biggest challenge is not in finding software, but implementing and making it work with existing technologies and procedures in supply chain technology which includes integrated shipping software solutions has been proven to streamline business processes, reduce cost significantly, and increase revenue many times to achieve organizational goals and ensure that shipping operations are running smoothly and effectively.

In the shipping business sector, choosing a software solution may be a crucial enterprise for long-term business growth and sustainability. It’s thus vital for shipping firms to maneuver through the choice process with knowledge that not all shipping software vendors supply solutions that would address all their operational considerations.

Shipping firms must visualize the golden rule that procuring the latest data technology must not only propel the shipping processes in terms of efficiency and leveraging the business but also reduce operational costs. Proper and adequate pro-active research is required before hauling up the right shipping software. Choosing a software solution that doesn’t cater to the shipping organization’s operational needs would translate in sheer squander of time and valuable resources.

Selecting an efficient and cost effective company means saving profits and reducing operational costs to a significant level.

Shipping software has helped companies in various parts of the world enhance their productivity and competitiveness through better and organized planning and management of their operational activities.

The software offers scalable and efficient solutions to enable carriers maximize profits and reduce operational expenses.

Features of Shipping Software:-

Rate Shopping:

• Queries for current rate information

• Integrates with custom/local and Interactive carriers.

• Rate comparison with other carriers.

• Rate shopping solutions and shipping service deliver significant cost benefits for small business

Multiple ERP Integration:

• Provides seamless integration with ERP systems

• Extracts records from ERP system

• Enables all features & benefits that software possess.

Integrates with Interactive & custom/local carriers

• Real time access to carriers such as FedEx, UPS, USPS, DHL & Custom/Local carrier(If integrated)

• Certified partner of FedEx & UPS

• Provides rates, transit time, delivery date, tracking number, shipping labels

Cost Effective:

• Since its SaaS (Software as a Service) based, It eliminates hardware, software & licenses cost.

• Cuts costs by providing a centralized application, eliminating multiple applications at remote locations

• Allows price/rate shopping on a click of button & fetches best rates available from all the carriers.

• Its centralized application meaning you need not have any extra software/hardware to be pre-installed on your machine.

• Consolidate shipments for the same destination

Real Time Access:

• Real Time access to commercial carriers & status of shipment.

• Tracks shipments not delivered on time

• Shipping rates from the carriers

• Rate compare

• Make shipment

• Void shipment

Batch Processing:

• Save time by generating labels and packing slips in batch

• Future date shipments

• Batch shipment

• Generates labels for printing on thermal printer

Advantages of Shipping Software Solutions

Over the past few years, automation of business processes has been accepted by almost every industry, be it, telecommunication, aviation, banking and many more. Shipping industry also accepted it as automation simplifies many crucial shipping operations that requires expertise and is consumes a lot of time. Choosing shipping software that integrates with your work flow and for a long-term business growth and sustainability is a crucial task.

Below I have listed out few points to elaborate the advantages of shipping software.

1. Comprehensive

Shipping software is more comprehensive as removes the change of human error and is an innovative approach to shipping process.

2. Affordable

Traditionally most of the large-scale shipping companies still rely on 3rd party logistics or hiring a logistics expert to manage their logistics operation. Hiring a logistics expert or a 3rd party logistics requires huge and recurring investment. But shipping software can be implemented by any small or big business owners as it is cost effective, simple to use and gives appropriate results.

3. Full control of shipping arrangements

Most of the shipping companies face the problem of lack of communication when their logistics operation is handled by 3rd party logistics company. A logistics or shipping software effectively place the power of logistics function in the hands of shipping companies by providing an easy user-customer interface, making it an ideal transportation management program.

4. Excellent delivery time

Logistics software benefits the companies by improving their shipping time and reducing the cost of shipping process including warehouse management. It examines the optimal integrated transportation solution that suits the transportation of goods.

5. Record Maintenance

A logistics or shipping software maintains a database to store the records required for keeping a track of the various processes associated with the supply chain. The software can manage, distribute, keep a check on warehousing, maintain inventory, transportation details and expenses and also presents a customer-friendly service option.

6. Easy to Operate

Shipping software comes with an easy to understand user interface that reduces learning curve, so even if you don’t have a logistics background you can easily operate it. The software easily gets integrated with a company’s already existing transportation procedure which is another advantage of it.

Now that I have listed out all the advantages of shipping software, you can easily make out the effectiveness and usage of it over hiring a 3rd party logistics company. Business needs to be handled smartly to reach on the top. Today technology is ruling every industry and the one who stays updated with the latest technology is the master in his area of business.