Best Logistics Software Solutions in the Market Right Now
Unrealistic expectations, tight deadlines, and relentless cost-cutting — logistics managers often face the brunt of and are constantly left battling an inefficient supply chain.
You’re constantly putting out fires. Striving for cost efficiency, ensuring on-time, in-full deliveries, and maintaining high customer satisfaction becomes an uphill battle, especially when logistics management is treated in an isolated manner.
The challenges multiply when tools or strategies provide only limited visibility, adding more problems rather than solving them. Managing logistics is no longer just about moving goods from point A to point B; it’s about integrating every aspect of the supply chain into a cohesive, well-oiled machine.
In this blog, we’ll explore the best logistics software solutions available in the market right now—tools designed to give you the end-to-end visibility and control you need to tackle these logistics challenges head-on. We’ll highlight software systems that integrate operational efficiency with strategic insights, streamlining your operations, and empowering stakeholders and organizations to meet the demands of a modern, dynamic supply chain.
Best Logistics Management Software Solutions in 2024
1. Spreadsheets!!
We know that logistics managers love spreadsheets. Indeed, there’s a sense of familiarity – we are so used to spreadsheet formulas and calculations.
But a word of caution here! Spreadsheets are excellent when your business is small with few products and limited to a few locations. But, when businesses grow beyond this stage, the use of spreadsheets may not be the ideal solution.
If your business is in the growth mode, you need to consider other tools on this list. That’s because the limitations of spreadsheets, be it in terms of scalability or errors, can pull the business back instead of taking it forward.
2. ThroughPut AI
ThroughPut AI has been recognized as a ‘Representative Vendor in the Gartner Market Guide for Analytics and Decision Intelligence Platforms in Supply Chain.’
Technically, ThroughPut AI is more than just a logistics management software; it’s a decision intelligence supply chain solution that goes beyond conventional capabilities. While we can handle what typical logistics software does, our AI-powered tool offers much more.
ThroughPut AI provides an integrated view of your entire supply chain, pinpointing improvement opportunities at both strategic and operational levels within logistics and outside. With advanced prescriptive and cognitive capabilities, our solution enables data-driven decision-making to reduce costs and enhance your bottom line. Simultaneously, it allows for real-time optimization of routes, fleet, capacity, and more, ensuring your logistics operations are finely tuned for maximum efficiency.
Feature #1: Compare Multiple Shipments and Period Volumes Easily
One of the biggest challenges for logistics managers is to manage multiple and overlapping shipment cycles over a staggering period.
ThroughPut AI as the one of the best logistics management software offers the solution for this. Route-wise and shipment type-wise aggregate volumes are compared, and delivered. This helps understand the impact of fulfillment orders.
The tool offers 600x faster insights into lead times and 2x improvement through inventory turns.
Feature #2: Review Impact of Logistics Performance on OTIF
Another big challenge of traditional tools is the inability to do end-to-end SKU analysis across multiple channels. ThroughPut AI allows for a holistic SKU flow across the chain, from the supplier to distribution networks to stores. The tool helps analyze how sales and contributions negatively impact logistics costs.
The tool allows about a 13.5% increase in performance improvement yield margin and a 6% decrease in working capital opportunities.
Feature #3: Visually Depict the Flow of a Particular SKU or a Cluster of Selected SKU
Siloed operations of traditional tools give rise to siloed material flow views throughout the distribution network. But ThroughPut AI works holistically and comprehensively across the network.
With ThroughPut AI, shipping of the right goods can be accelerated at the right time while the runtime costs and risks are minimized. The tool uses a combination of machine language-based pattern extraction and business rule mapping to predict ETAs with a higher OTIF rate.
Consequently, businesses can make up to 16 million Throughput savings per year with 20% increased capacity in production operations.
Benefits of ThroughPut AI
- Work with existing data
ThroughPut AI works and integrates with the existing data sources. The tool extracts key transactional data from your current databases, and data dumps. This data is then worked collaboratively with internal and external data sources like weather conditions, promotions, market trends, etc. The tool provides a comprehensive view to facilitate optimized decision-making.
- ROI in 90 days
Use ThroughPut AI to get rapid, measurable results with promised returns on investment almost within 90 days. It helps identify efficiencies and optimize processes. ThroughPut AI offers faster financial benefits to businesses making it a cost-effective solution for businesses to boost profitability.
- Customizable for industries
ThroughPut AI can be tailored to meet the unique needs of different industries. The tool can be customized to address specific challenges within sectors like manufacturing, F&B and retail. Its adaptable algorithms ensure the platform provides relevant, actionable insights, making it a versatile tool across diverse business environments.
- Finance integration
The tool seamlessly offers a comprehensive view of the business impact of supply chain decisions. Due to this integration, financial reporting can be enhanced. This way operational decisions match with budgetary goals for optimized financial outcomes.
3. Blue Yonder
Another top contender as the best logistics software solution, Blue Yonder Luminate Logistics offers predictive end-to-end solutions in the logistics industry. It is primarily an execution platform for boosting a fully autonomous and flexible distribution network.
Features
- End-to-end real-time visibility, starting from warehouse operations to transportation to last-mile delivery
- Uses AI and ML for predictive and prescriptive analytics for route optimization, and data-driven decisions
- Different modules for warehouse management and transportation management
Benefits
- Offers last-mile optimization helping boost customer satisfaction and loyalty
- Makes businesses agile, helping them respond quickly to market changes, supply chain disruptions, and customer demands
- Offers scalable and flexible architecture for integration with other existing systems, making businesses adaptable
4. E2Open
The Logistics Application Suite of E2Open is another software that makes it to the best logistics software solutions list. The tool offers transportation management that helps companies gain control to meet the most complicated logistics challenges.
Features
- Real-time visibility and tracking of shipments across all transportation modes
- All logistics operations are integrated under a single platform
- Enables dynamic route optimization and automated freight settlement
- Manages and monitors inventory, and orders, enabling customs compliance, and helping with capacity forecasting and planning
Benefits
- Minimized transportation and operational costs
- Better decision-making, reduced delays, and real-time tracking
- Quicker response time to demand and supply changes
- Scalable, compliant with global trade regulations, optimized inventory with reduced carbon footprint
- Identifying risks early, supporting proactive measures of risk mitigation.
5. Manhattan Associates
Manhattan Active® Transportation Management helps logistics businesses with rate, route, load, and carrier optimization. The software works with a growing network and within a partner ecosystem that helps reduce costs, and enhance visibility at all levels.
Features
- Enables route optimization to help avoid congestion, and delays for shorter routes and drive fuel efficiency
- ‘What if’ scenario management for capacity procurement and sourcing
- Access to real-time data for stakeholders to make proactive decision-making
Benefits
- Offers distinct opportunities to streamline and automate supply chain processes while optimizing supply chain efficiency
- Helps with inventory management, ensuring optimal stock levels, and minimizing risks of excess inventory and stockout situations
- Scalable solution that supports business growth with the adaptability to supply chain operations.
Improve Logistics Management with ThroughPut AI
For mid-sized to large-scale companies, managing inventory and logistics without real-time visibility can be a significant challenge. This lack of transparency strains sales and operations, making it difficult to track and manage inventory across multiple locations and warehouses. ThroughPut AI offers real-time visibility and actionability, even in complex warehouse and multi-location environments.
Transportation costs also pose a significant burden on companies, driven by factors like fluctuating fuel prices and shipping expenses, which can significantly impact logistics budgets. ThroughPut AI addresses these issues by providing autonomous tracking with real-time data on prime and alternative routes. This not only saves time and money but also enhances resource efficiency.
By continuously monitoring routes and improving fuel efficiency, ThroughPut AI’s logistics analytics solutions empower manufacturers to tackle rising fuel costs and complex market demands. The software uses AI-driven analysis of shipping history and operations to reduce logistical costs and drastically shorten shipment delivery times.
Furthermore, manufacturers must navigate challenges like changing weather conditions, market volatility, and worker absenteeism while optimizing transportation costs and capacities. ThroughPut AI equips businesses with the tools to adapt to these operational shifts by identifying the most optimized transportation modes, routes, and delivery windows. This proactive approach minimizes losses in time and resources, making ThroughPut AI an essential tool for modern logistics management.