Quadrant Knowledge Solutions announced today that it has named MPO a technology leader in Quadrant Knowledge Solutions' SPARK Matrix™ for Transportation Management System, 2022.
The Quadrant Knowledge Solutions SPARK Matrix™ provides a detailed analysis of global Transportation Management Systems market dynamics, key trends, vendor landscape, and competitive position. The study provides a competitive analysis and ranking of the leading transportation management system vendors in the form of their SPARK matrix, which provides strategic information for users to assess the capabilities of different vendors, competitive differentiation, and market position.
A transportation management system (TMS) is a software application used to plan, execute, and optimize the transportation of goods. A TMS can help reduce shipping costs, improve customer service, and increase supply chain efficiency. TMS functionalities to support operational performance to make informed decisions, improve customer service, minimize inventory and obsolescence, and reduce lead times. A TMS can provide many benefits to a business, including reducing transportation costs, improving customer service, and reducing the need for manual processes.
The increasing demand for TMS solutions and services is driven by the need to reduce transportation costs, improve customer service and increase supply chain efficiencies. A TMS typically consists of three main components:
1. A transportation planning module: This module is used to create transportation plans.
2. An Execution Module: This module is used to execute the transportation plans.
3. An optimization module: This module is used to optimize transportation plans.
According to Kumar Anand, Analyst at Quadrant Knowledge Solutions, “MPO's transportation management system enables companies to streamline, optimize and effortlessly connect to a vast network of carriers, enabling visibility and coordination across all modes of transportation on a single platform. The TMS platform also offers order-centric capabilities that support businesses with dynamic and actionable order-level visibility integrated with automation and intelligent business rules to meet any constraints and service-level requirements." Kumar Anand adds, "MPO also connects seamlessly to a vast network of service providers and carriers, providing visibility and collaboration across all modes of transport and geographies.MPO's transportation management capabilities – also referred to as 'TMS Plus' – are a key component of their multi-party orchestration platform that companies enables logistics operations to be streamlined and optimized across multiple carriers, from order planning and execution to financial control and performance measurement."
According to Vijay Natarajan, VP of Solutions at MPO, “We are proud to be recognized as a leader in transportation management software. Today's supply chain is no longer linear. As more companies embrace the newfound complexities of multi-party ecosystems and multiple sales channels, across multiple modes of transport, geographies, etc. We are proud to offer a new TMS+ approach that doesn't treat transportation in isolation, but the broader picture of the Logistics and supply chain management encompassing carriers and logistics service providers are not only meeting these challenges but are also driving incredible business growth."
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