Transport management system is a measure of proper planning as well as implementation that can offer help to the companies to perform the work effectively, which can ensure proper reliability and reduced costs. It is an element of supply chain management as well as the resource management. Most of the companies make use of TMS software that can monitor and coordinate the business efficiently. TMS helps the transportation services to improve the shipment routes from starting to end which can take care of numerous factors that includes proper planning, implementation, management and others. TMS is used by different enterprises, just not as a multifunction system but also as a system of comprehensive management. Most of the companies have a preference over the system which can handle and coordinate the entire process of supply chain management which takes care of proper arrangement, decision making, follow-up, implementation and management. Different functions of transport management system are:
- Tracking transportation
- Route optimization
- Load of the vehicle
- Transport expenditure
- Scheme simulation
Transportation of goods is carried out through means like railways, airways, roadways, seaways or by the combination of two or more or all, thus having better planning, execution and delivery. Hence, transport management system turns out to be a successful factor in carrying out better efficiency.
With growing economic condition, transportation industries get better opportunities and challenges. With better and improved shipment of goods around the globe, it has led to channel congestion and improve the competition among market players. The need for the transportation management system is increasing because of safety standards in transportation, storage and handling goods. With inflating transportation charges because of complex and intensive transportation network, the need for transportation management system is also increasing. One important challenge that hampers the growth of global transport management is the dearth of awareness about the transport management system. In addition to this, higher cost associated with the installation of transport management is another factor in the proper development of transport management system.
Development of the country depends on the basic infrastructure of transport management system. In the process of toll management system, it offers ways to make the process efficient. It helps in monitoring each and every activity and giving idea regarding the functionality of TMS software.
The main features of TMS software are:
- It works both in the online and offline modes.
- You can install the software just by a click and even update it easily.
- It is an efficient technology that is used for data redundancy.
- Makes automatic data backups.
- Supports different TMS software.
The exact objective of toll management system is to collect the exact toll value as per the class of the vehicle when any vehicle arrives at the toll booth. It is required to build a real time application that is not only reliable and safe but supports better toll collection and management system.
As far as radar speed signs is concerned, the technology is used to improve the flow of traffic which will improve the safety for people on road. It enhances mobility, supports security and increases economic productivity.