WHAT DOES TMW MEAN IN TRANSPORTATION? Another day, another acronym. If you are new to the trucking industry, all these abbreviations can be downright confusing. In this article, we’ll tackle the term TMW and explain what exactly it means. What does TMW mean? TMW Systems is a software development company that has created a transit management system, also known as a TMS. Through the software, you can keep track of all the goods that are being shipped. You will save money through the efficiency and accuracy of the software. What does TMW stand for in transportation? TMW Systems is a company that develops software for the management of transportation services. However, while it is a company, the system it created, TMS, is a widely-used acronym. TMS stands for Transportation Management System. It is a software tool that allows companies to manage the logistics associated with moving physical goods. A TMS can be used by many industries but is primarily focused on moving items, whether it is by land, sea, or air. A transportation management system is essential if you want to keep all the moving parts organized and ensure on-time and accurate delivery. What are the benefits of TMS? There are incredible benefits to using a transportation management system, primarily the one created by TMW Systems. Essentially, the software takes everything you would need to use in the transportation market and streamlines it. Through a TMS, you can track packages, manage driver schedules, and estimate costs and delivery times. It takes a lot of the guesswork out of the entire process. When transporting goods, timely delivery is essential. This is even more important with perishable goods. Instead of relying on older methods that are not as technologically savvy, a TMS will give you more real-time data such as weather updates and GPS tracking. A TMS also takes the place of multiple people, which is better for the bottom line of a company. Even though you will still need to employ people to oversee the system, calculations are done automatically and even tedious tasks, such as routine documentation, can be completed with ease. Who uses TMS systems? Just about any company that deals with logistics and transportation will benefit from using a TMS. Transportation management systems can be used whether you are transporting goods by land, sea, air, or a combination of them. As trade becomes more and more global, it’s imperative to have a sophisticated software system that can track goods, especially if they are coming from one country to another. A TMS will help keep track of time zones as well as different country regulations. Even if you are transporting goods between shorter distances, your company will benefit from a TMS. It can allow you to take on more tasks as everything will be nicely organized, which will then increase your profits. What is the TMW suite? The exact software that was created by TMW Systems is called TMW.Suite. This is the full-surface software package that most companies benefit from. A company will need to purchase the rights to this software but there are different tiers of the software, depending on how large your fleet is. You may also have the option of purchasing TMW.Suite for an annual fee or as a perpetual license. Before you make this decision, think about the longevity of your company. While the cost can be prohibitive upfront, it will be worthwhile if you stay in business for the next few years. You can also look for pricing options such as installment plans. What is the TMW app? Now that so many people use their smartphones for their work, companies make mobile-enabled software that is specially formulated for a smaller screen. TMW.Suite is no exception. You can easily download the app and link it to your account. Then, your data will be updated whether you access the information from your phone or your computer. The TMW app can be used by many people if you set up different accounts. This allows multiple employees to access it so that all of the data can be seen by everyone and updates can be made easily and efficiently. Is TMW an ERP system? First, let’s dive into what an ERP system is. ERP stands for energy resource planning and its purpose is to integrate the management of business processes and applications. An ERP is a piece of software that organizations can use on daily business tasks. It streamlines information and helps with supply chain operations, accounting, and procurement. While everyone has their own ideas of what fits into what category, most industry leaders accept that TMW.Suite can be considered an ERP system. This is because TMW helps a company with daily tasks, creates accessible data, and makes the management of a company a lot easier. Should owner-operators use a TMS? As we’ve now shown, a transportation management system is extremely beneficial for organizations. When you have a lot of moving parts, which in the case of the trucking industry includes moving goods and scheduling drivers, having a software system virtually eliminates human error. But what about if you are an owner-operator of a truck? In this case, it’s either just you doing the planning and driving, or if you lease your truck you work with just one or two other people. Sometimes, it is possible to overcomplicate situations. Plus TMW costs money and owner-operators will want to do everything they can to keep their overhead low. At the end of the day, it is up to you as an owner-operator to decide if you need a TMS system. If you are extremely organized and have plenty of experience in the industry, you should probably be fine with tracking your routes and navigating supply chains. However, if you are disorganized or are looking to expand your business, a TMS can be the first step in creating a company that works more efficiently. Conclusion The company TMW Systems has created a transit management system (TMS) called TMW.Suite is recognized as an efficient, easy-to-use software that helps companies streamline their companies. While you do have to pay for the software, it makes sense to do so as it can avoid mistakes and save you time and money.
