Freight audit and payment (FAP) services consist of invoice collection, preaudit, postaudit and payment of transportation invoices across multiple modes and regions. These services have expanded over the years to include deep analytics, often coupled with supply chain consulting expertise, to provide customers with key insights from their freight spend data.
Gartner defines transportation management systems (TMSs) as software that supports multimodal planning and execution of the physical transport of goods across the supply chain. It allows a company to manage varying levels of transportation complexity across multiple transport modes and geographic regions. TMS solutions are utilized by companies of differing sizes, operational complexity, industries and geographic locations. TMS solutions are utilized to plan and execute the physical transport of goods across the supply chain. They provide a company with the ability to manage the entire transportation life cycle of an order or shipment.