Increased internet usage, evolving consumer behavior, and the rise of e-commerce in the past decade have predominantly driven the growth of the parcel delivery market. The global parcel delivery market is likely to grow further at a CAGR of 4.2% approximately. Statista estimates that the worldwide parcel shipping volume will more than double by 2026, touching 266 billion annual parcels shipped compared to 131 billion parcels in 2020.
Last-mile logistics has been a tricky domain for most businesses, and especially with the surge of e-commerce, this critical link of the entire supply chain has garnered a lot of attention. Improving the efficiency of last-mile logistics remains a significant challenge. With the proliferation of online purchases, shippers need a comprehensive solution to address all parcel shipping challenges.
Furthermore, managing parcel shipments was challenging for businesses using SAP Transportation Management. The available options require maintaining a large amount of master data on charge management, transportation networks, carrier selection settings, etc. The other option is integrating SAP TM with each Parcel carrier individually. But when businesses have to deal with several logistics partners, it can be time-consuming, error-prone, and risky to integrate each carrier's APIs into the system separately.
To address the parcel shipping challenges in SAP TM, we have developed this comprehensive and innovative new solution that directly integrates SAP TM with ShipEngine's cutting-edge platform. The Parcel Shipping Accelerator Package is a ready-to-deploy direct integration between SAP TM and ShipEngine that instantly provides critical parcel shipping information such as estimated and actual rates for parcel shipments, printing, voiding, and regeneration of parcel labels, and parcel shipment tracking on a single platform. You can now automate shipping and tracking processes from your SAP TM system to increase your process efficiency, reduce costs and enhance service levels. This highly customizable solution will bridge the gap between your transportation management requirements and parcel carriers with the help of powerful ShipEngine Rest APIs.
Designed to work with SAP S/4HANA with embedded TM or any TM 9.x version, this solution eliminates the need to set up elaborate master data for Transportation Network, Carrier Selection, Charge Calculation, etc. With its simple and intuitive user interface, users can now perform all the following activities seamlessly integrated into SAP TM:
Automate your entire shipping process that seamlessly integrates with your SAP TM documents with this cutting-edge parcel shipping solution. Leverage your current SAP ecosystem while exercising the flexibility to integrate with or without middleware.
In these unprecedented times, managing supply chains and ensuring that the transportation businesses run seamlessly has become a topmost priority for various organizations. Having such an integrated solution catered to solve logistics execution problems for parcel shipments allows you to manage your transportation planning and execution activities and empowers your business with the power of data-backed insights that transform it into an intelligent enterprise.
ShipEngine is a leader in multi-carrier shipping logistics. It provides an exceptional experience empowering customers to shop rates, confirm addresses, print labels, and more. ShipEngine enables businesses to integrate tracking statuses, address verification, label purchasing, rating, and more. To know more about this ready-to-deploy solution, reach out to us.