TMS-Transport Management System-a category of operations software (often Web-hosted) under the “supply chain execution” grouping that aids logistics management in various modes along with associated activities, including managing shipping units; shipment scheduling through inbound, outbound and intra-company shipments; modeling and benchmarking, rate management, data base maintenance; generating bills of lading; load planning and optimization; carrier or mode selection; posting and tendering; freight bill auditing and payment; loss and damage claims processing; labor planning and building; documentation management (especially when international shipping is involved); Cold chain management; and third party logistics management.
