What Is Your ROI On A TMS When It’s Free To Use?
What is your Return On Investment on a Transportation Management System (TMS) when it’s free to use? It depends.
While we can’t provide an exact dollar amount you’ll save with full insight into your shipments’ status, you can bet it’s a lot.
What is the Estimated Cost of a Transportation Management System?
First, let’s examine the average costs of a TMS. If you buy a TMS license outright, expect to pay somewhere between $10,000 and $250,000, and don’t forget to account for support and maintenance fees.
The pricing for a cloud-based TMS is based on a price per freight load booked. Generally, they’re somewhere between $1.00 to $4.00 per load. You may have to pay for initial training or support services too. Let’s average the cloud price to $2.50 a load, now multiply that times your company’s number of annual shipments.
Three Additional Ways You’ll Boost Your ROI with a TMS
Now that you have an idea of what it would cost you add it to your savings bucket for the return on a free to use TMS. Here are five other ways you’ll boost your ROI.
- You and your team will save time and money comparing rates and scheduling shipments.
- Real-time tracking and visibility of your shipments will allow you to address any issues before they become real problems. This is critical for time-sensitive loads that can spoil or are simply on a deadline.
- Inefficiencies and areas that require changes to grow your business will become clear.
Access to a TMS will change your business. It can eliminate the need to jump around different carrier websites to quote or track shipments and improve your customer satisfaction rates.
Get Free Access to a TMS by Partnering with Customodal
Partnering with Customodal gives you direct access to a state of the art, mobile-ready TMS portal. It also provides reliable support from logistics experts with industry connections that can help your business.
Interested in learning more more about Transportation Management Systems? Read this article on why Every Shipper Needs A TMS.
Ready to see how much you can save in transportation costs with Customodal? Contact us to get started.