Transportation Management Software & Solutions – Who are the Major Players in the Indian Market?
In today’s fast-paced logistics and supply chain management world, efficient transportation is the key to success. But who are the major players in the market when it comes to transportation management software and solutions? Before diving into that, let’s first understand transportation management solutions.
A transportation management system (TMS) is a digital solution designed to streamline and optimise the movement of goods from one place to another. It helps organisations plan routes, manage shipments, track vehicles, and monitor inventory efficiently, saving valuable time and money.
No wonder the TMS market is large and growing. Analysts project the global TMS market size to grow at an impressive rate of 19.7%, reaching $33.3 billion in 2028 from the current $13.5 billion in 2023.
In this article, we’ll explore the major players in the TMS market and how their solutions benefit logistics and supply chain management businesses.
Top Transportation Management Software in 2023
Here’s a look at some of the top transportation management solutions in 2023. They are the driving force behind the success of countless businesses in the year:
1. SuperProcure Freight Sourcing
SuperProcure Freight Sourcing specialises in optimising freight procurement. It allows businesses to source carriers efficiently, negotiate rates, and track shipments seamlessly. This TMS streamlines the entire sourcing process, ultimately saving time and cost.
Pricing: SP Freight Sourcing has separate monthly and yearly plans for three categories- Starters, Professionals, and Enterprises. The lowest rate begins at Rs 5400/month. Every plan starts with a 14-day free trial.
2. UDHAN
UDHAN, a vital TMS player, supports transport contractors with cash flow challenges. It offers efficient invoicing, precise cash flow forecasting, and strategic financial partnerships. UDHAN also provides freight financing options through Unanu’s partner bank. This includes pre-shipment finance, post-shipment finance, and bill discounting based on invoices, ensuring visibility and availability of working capital for transport contractors.
Pricing: Custom Pricing
3. Digital CN-Intelligent Logistic Solution
Digital CN simplifies logistics with its swift and secure mobile app. It digitises and shares key transport documents, including Consignment Notes and Proof of Delivery. This TMS automates booking processes, leveraging eWay Bill Data for streamlined consignment note generation. Its auto SMS notifications to consignors, consignees, and drivers enhance efficiency in logistics operations, making it an essential tool for transportation management.
Pricing: Custom Pricing
4. FASTag
FASTag offers a hassle-free vehicle tracking solution that relies solely on vehicle numbers. This TMS provides milestone-based location updates when vehicles cross highway toll plazas, eliminating the need for extra tracking devices and associated capital investments. It ensures real-time tracking, reduces driver communication overhead, and allows simultaneous monitoring of multiple vehicles through the government tracking API.
Pricing: Custom Pricing
5. Intugine-Rail/Rake Tracking
Intugine’s Rail/Rake Tracking is a game-changer in rail logistics. It delivers real-time milestone-based location updates, eliminating the need for additional tracking devices and capital investment. It streamlines rail monitoring, provides asset tracking within the Rail/Rake through the government tracking API, and facilitates the simultaneous tracking of multiple Rail/Rake with unique FNR numbers.
Pricing: Custom Pricing
6. Fleetable Transport Management System
Fleetable offers a comprehensive transport solution that covers various aspects of fleet management. It provides all the tools necessary to optimise fleets, from vehicle maintenance and driver monitoring to fuel management. The result is reduced operational costs and enhanced operational efficiency.
Pricing: Custom pricing
7. Axlerate Fleet Management Solution
Axlerate’s primary focus is on improving fleet performance. It provides tools to optimise routes, reduce fuel consumption, and monitor driver performance. Major Axlerate products include Axle Tags, Axle Directory, Axle Marketplace, Axle Cards, Axle Finance, etc. Businesses can harness these capabilities to maximise their fleet’s efficiency and minimise operational expenses.
Pricing: Custom pricing
8. Corelogis TOPS
Corelogis TOPS stands out for its high level of customisation. It is tailored to meet diverse logistics requirements and covers order management, route optimisation, and robust reporting capabilities. Its adaptability makes it an excellent choice for businesses with unique logistics needs.
Pricing: Custom Pricing
9. eMist for Transporters-eFleet
eMist offers a cloud-based TMS that simplifies fleet management. It includes real-time tracking, route optimisation, and analytics, facilitating continuous improvement in logistics operations. The user-friendly interface ensures accessibility for a wide range of users.
Pricing: Custom Pricing
10. RaoDo Freight Operating System
RaoDo focuses on streamlining freight operations with features like load optimisation and document management. It simplifies freight management, helping organisations handle shipments more efficiently and accurately.
Pricing: Custom pricing
11. Bigchillar Freight Matching and Digital Lending
Bigchillar combines freight matching with digital lending capabilities. It assists in matching shippers with suitable carriers while also offering digital lending options for financing transportation needs. For shippers, it provides the flexibility to choose from a pool of transporters, ensuring timely availability and digital documentation. On the other hand, fleet owners benefit from better pricing, efficient trip management tools, and convenient access to capital.
Pricing: Custom Pricing
12. Fleetx – Transport Management System
Fleetx provides a comprehensive TMS solution that covers route planning, vehicle maintenance, real-time tracking, and driver scoring. It empowers businesses with actionable insights, enabling them to optimise logistics operations and enhance overall efficiency. Over 1,500 brands and enterprises trust this TMS for their logistics needs.
Pricing: Custom Pricing
Wrapping Up
As we wrap up our exploration of the top transport management software solutions in 2023, it’s evident that this industry is bustling with innovation. From simplifying invoicing to real-time tracking and freight financing, these TMS players have transformed the logistics game, making it more efficient and hassle-free.
Amid this dynamic landscape, Bosch L.OS emerges as a unifying platform, bringing together multiple players and their unique TMS offerings. By doing so, Bosch L.OS empowers customers with a versatile range of TMS solutions, allowing them to choose and customise the tools that best suit their logistics needs.
This cooperative spirit highlights the evolving nature of the TMS industry, where collaboration and integration are key to meeting the ever-shifting demands of modern logistics and supply chain management.
Reference
1. Transportation Management System Market Growth Drivers & Opportunities | MarketsandMarkets. (n.d.). MarketsandMarkets. https://www.marketsandmarkets.com/Market-Reports/transportation-management-market-232446179.html#:~:text=%5B333%20Pages%20Report%5D%20MarketsandMarkets%20forecasts,19.7%25%20during%20the%20forecast%20period.
2. SP Freight Sourcing – SuperProcure. (2023, July 17). SuperProcure. https://www.superprocure.com/freight-sourcing/
3. Udhan. Bosch Logistics Operating System. (n.d.). https://www.l-os.com/in/en/solutions/transportation-management/Udhan
4. Digital CN- Intelligent Logistics Solution. (n.d.). Bosch. https://www.l-os.com/in/en/solutions/transportation-management/digital-cn
5. FASTag. (n.d.). Bosch. https://www.l-os.com/in/en/solutions/transportation-management/fastag
6. Rail/Rake Tracking. (n.d.). Bosch. https://www.l-os.com/in/en/solutions/transportation-management/rail-rake-tracking
7. Fleetable. (2023, October 4). Best Fleet and Transport Management Software in India. https://fleetable.tech/
8. Axlerate | Unified smart Fleet management solutions for logistics. (2023, September 1). Axlerate. https://www.axlerate.com/
9. Purplespot. (n.d.). Corelogis. https://corelogis.in/
10. eFleet Systems Pvt. Ltd. (n.d.). EFleet Systems. https://efleetsystems.com/
11. RoADO | Logistics Simplified. (n.d.). https://www.roado.co.in/
12. BigChillar. (n.d.). BigChillar. https://bigchillar.com/#/web
13. FleetX: Best Fleet management software in India | Fleetx.io. (2021, October 1). fleetx.io. https://www.fleetx.io/