Dec 5, 2024
The Buy vs. Build Conundrum – Is There a Hybrid Approach?
Build or Buy? The TMS Dilemma For growing companies, the choice between building a custom Transportation Management System (TMS) or buying pre-built software isn’t simple. Building offers full customization but demands time and resources, while pre-built solutions deliver speed and cost savings but may require compromises. Wave offers a hybrid solution: bolt-on modules to enhance your in-house TMS. It’s a cost-effective way to address specific challenges without committing to an entirely new system.
Ryan Sullivan
Head of Sales
The Growing Debate in Logistics
The world of logistics is abuzz with chatter about Transportation Management Systems (TMS). For growing companies looking to streamline operations and gain a competitive edge, the question arises: build a custom TMS or buy pre-built software? There's no one-size-fits-all answer.
Building a Custom TMS
Building a custom TMS offers freedom and flexibility, allowing you to tailor the solution to your exact needs and workflows. However:
It is a significant undertaking, requiring a dedicated team.
Development can take months or even years to complete.
The high initial cost of development, maintenance, and updates is a critical consideration.
Buying a Pre-Built TMS
Buying a pre-built TMS, on the other hand, can deliver quicker value and lower upfront costs. Key benefits include:
Solutions are often ready to use, reducing implementation time.
Vendors provide ongoing development and support.
However, there are potential downsides:
Features may not perfectly align with your unique workflows, requiring adaptation.
Integration with existing systems can be complex depending on the vendor and your needs.
Wave’s Hybrid Approach
Wave brings you a hybrid approach, offering bolt-on software solutions to brokers or 3PLs who choose to build their own TMS. With Wave, you can:
Easily add specialized modules and integrations to your in-house TMS.
Enhance functionality in specific areas without buying the whole technology stack.
Solve particular operational challenges in a cost-efficient way.
Conclusion
The build vs. buy conundrum doesn’t have to be a binary choice. Wave’s hybrid solution offers the best of both worlds, empowering businesses to streamline operations and stay competitive with tailored, cost-effective enhancements.
About the Author
Ryan Sullivan is the founder of Ratchet Ventures, where he helps early-stage supply chain tech companies scale up by creating win-win deals, clearing obstacles for sales reps, prospects, and customers, and building scalable teams. With experience at industry leaders like Tive and Kuebix, Ryan has developed a reputation for crafting effective sales strategies and aligning cross-functional teams. His unique approach focuses on creating frictionless sales processes that meet buyers where they are in their process.
