Whether your company offers shipping and logistics solutions or simply wants to streamline the logistics processes, it needs a Midas touch of evolving technology. An ERP for logistics industry with advanced features is an example of what technology can do to automate and manage operational processes. It can handle cumbersome logistics activities and increase the overall efficiency of your staff.

Logistics ERP software is a bit different than other ERP solutions. In this post, we will discuss the role of an ERP system for logistics and dig deep into its business benefits for your company. Let’s start with the introduction.

What is Logistics ERP Software and How Does It Differ from Other ERPs?

Logistics ERP software is a customized version of ERP solutions to optimize processes related to the shipping and logistics industry. It can bring automation in repetitive tasks of the logistics sector and assist companies to manage supply chains effectively. An ERP for the logistics industry can handle complex operations in fleet management, inventory management, shipping, and receiving to streamline the entire operation.

Traditional or general ERP systems have some common features as that of the logistics ERP solution. However, most such systems can manage the primary business functions across various departments of the company including finance, HR, and customer relations. Though traditional ERP systems have broader applicability than a logistics ERP solution, these systems cannot handle the nuances of the logistics sector.

A logistics ERP is capable of handling load optimization, route planning, and real-time tracking of orders to ensure timely delivery. Let’s understand the core features of ERP for the logistics industry to get a better idea about the scope of this solution.

Key Features of ERP for Logistics Industry You Should Know

As the logistics ERP solution touches every aspect of the logistics operations, it has several specific features including-

Fleet Management

It gives a detailed view of the company’s fleet and related tools. It has various modules like real-time vehicle tracking, fuel management, route optimization, and fleet cost tracking. This feature reduces delivery time and minimizes fuel or other operational expenses.

Maintenance Management

It is one of the most useful features in the ERP for the software logistics industry. It has a predictive maintenance tool based on IoT for reducing maintenance costs. It assists companies to track maintenance activities and plan a budget. Your company can create, assign, and track work orders through this feature.

Warehouse Management

Features like barcode scanning and warehouse movement tracker can help your company optimize operations. You can maximize space utilization using warehouse layout planning. Labor management and inventory management features are useful in enhancing visibility across various warehouses irrespective of their locations.

Order Management

This feature can bring automation to the order-to-cash process. It has tools for order fulfillment tracking, automated invoice generation, and pricing management to assist companies in resolving any issues quickly. Order management is essential for providing your customers with better services and meeting their expectations.

Procurement Management

This feature can assist your company to get more visibility and control over the procurement process. It has modules like supplier management, invoice processing, procurement planning, and order fulfillment monitoring. It helps your company measure spending on procurement and track the vendor’s performance.

Other features of the logistics ERP include document and financial management. Simply put, a logistics ERP solution can simplify processes and manage temporary or seasonal staff to ensure flawless service through these features.

Big Business Benefits of ERP System for Managing Logistics

An ERP system for the logistics sector has customized features to handle sector-specific activities. It offer the following benefits to companies-

Controlled Inventory Transfer

You can ensure efficient and predictable inventory transfers across your warehouses. The ERP solution for logistics can assist businesses in creating and managing transfer documents. It further results in timely and accurate movements of goods.

For example, a large retail chain can use the logistics ERP system to transfer seasonal merchandise from a central warehouse to regional stores efficiently. Moreover, it can optimize stock levels to avoid overstock or shortages.

Efficient Inventory Management

An ERP system for logistics enables businesses to receive inventory at any warehouse by showing the exact location. It offers accurate tracking for minimizing human errors in handling orders.

For example, an electronics distributor can use the inventory management feature to ensure the storage of fragile items in a secure area upon arrival. It can significantly reduce the chances of damage and handling errors.

Accurate Order Fulfillment

Modern enterprises need to focus on order fulfillment to gain a loyal customer base. With the ERP solution, companies can specify the exact location from which they want to ship their goods. This ensures accuracy in stock levels.

Let’s take an example of a furniture manufacturer. An ERP solution for logistics can ensure that the manufacturer can dispatch furniture from their closest warehouse, reducing shipping times and costs.

Streamlined Logistics Processes

The logistics ERP solution can simplify all the complexities of the process and ensure that your company’s warehouses work smoothly. It can also help your company predict the maintenance of fleet and other equipment to maintain timely delivery. As a result, companies can get an edge over peers through a loyal customer base.

Here it is fair to mention that any company can get the advantage of this ERP for improving delivery services. You only need to consult a reputed ERP partner to leverage these benefits for your logistics process.

Role of Silver Touch in Developing ERP for Logistics

As a renowned player in ERP solution development, we know all the necessary aspects of logistics and other core industry sectors. Our in-house team of experienced developers can help logistics service providers and other companies streamline their operations through advanced ERP solutions.

We offer a comprehensive suite of ERP solutions for logistics according to diverse business needs and market trends. A deep understanding of the challenges and demands of the logistics sector helps us build tailored ERP solutions. Moreover, our ERP for the logistics industry has a built-in integration capability with other systems like WMS (Warehouse Management System), and TMS (Transportation Management System).

Concluding Remarks

An advanced ERP software for the logistics industry has all the necessary features to manage inventory, warehouse, and other processes effectively. It gives your company more visibility and control over the logistics process enhancing transparency. Be it supply chain management or order fulfillment, companies can optimize all the processes through automation with custom logistics ERP software.