Logistics Software Development – Cost and Key Features

If you clicked on the title, you might be interested in Logistics software development or eager to learn more about the topic. 

Over the years, logistics software development has become not a need but a necessity to enhance supply chain management in any industry. Building logistics management software speeds up and improves logistics, sales orders, production management, and more. 

We have made this guide to examine every detail. In this blog, we will cover logistics management software, its cost to develop, its features, and the benefits of developing one for your business. We will also cover the steps to building custom logistic software. 

So, without wasting a single minute, let’s get the ball rolling! 

What is Logistics Management Software?

So, to understand the logistics management software, you have to know about logistics. Logistics is the process of managing how resources are acquired, stored, and transported to their final destination. Now, when all these processes are done, they contain a lot of data management to record everything, and manual errors can lead to significant issues. 

Thus, the logistic software came to save the day. It revolutionized the process of managing all the data. The solution also automates and manages warehouse and transportation tasks, allowing businesses to simplify operations, reduce costs, and gain many other benefits. 

Mention below some of the statistics that show how logistics software development is performing in the market. 

Market Statistics of Logistics Management Software

The global logistics software market was valued at USD 14.83 billion in 2022 and is estimated to grow to USD 33.17 billion by 2031, growing at a CAGR of 9.36% during the forecast period 2023-2031. 

The global logistics market is segmented by application into warehouse management, transportation management system, data management, and more. However, the data management segment is the most significant contributor to the market and is projected to exhibit a CAGR of 10.32%. 

Pic Credit- Straits Research

Advantages of Logistics Software Development

The use of logistics software revolutionizes the whole business cycle of the logistics process and has multiple positive effects on the bottom line.

Reduced Costs

Using logistic app development, can save your business a lot of money. With the help of the software, many things can be analyzed, and each step can be taken care of. Businesses can also identify areas where money is spent more than is necessary. 

Transparent Supply Chain 

Before, when there was no software, everything related to delivery and management needed to be confirmed and informed personally by the individual, however, with the help of the software, you can feed all the details, and the customers and businesses are updated in a timely manner, making it a transparent and trustworthy process. 

Related Post: Supply Chain Management Software Development Cost & Features 2024

Automated Workflow 

All the company’s paperwork, along with the necessary data, can be fed into the system, making it easy to manage. The machine learning algorithm in the system enables easier processes to manage and look for the required documents. It also helps reduce the manual chores and handles queries, payment tracking, and more. 

Mobility

One of the crucial things that is very useful in logistics software development is that it can be accessed from anywhere on the globe, thus making things easier for every individual. 

Revenue Growth 

The software has multiple features that help businesses manage multiple things that are directly proportional to better revenue. So, it is necessary to make software that can benefit businesses and users, such as boosting retention rates. 

Essential Features to Include in Logistics Software Development

In this section, we have mentioned some features that should be considered at the time of development to facilitate the use of the software. 

Dashboard 

This is one of the things without which managing tasks can be a bit difficult. The dashboards can be customized as per the business requirements and the things they want to manage simultaneously. All the required details are shown on the same platform. 

GPS Tracking 

This is necessary for the business and buyer to track the shipment movement in real-time. The features allow the business and customer to have a transparent view of the shipment at every step, whether it is on hold or moving, which builds trust among a larger number of people, making the project successful. 

Push Notification

This feature can help businesses get the details of every step and be aware of everything without logging into the software again and again. The feature also provides reminders to all members regarding valuable information, such as any major updates, pricing changes, or anything related to these. 

Multifactor Authentication 

Integration of security features is not a choice but an essential factor that software must require. This feature prevents any personal or important information from getting leaked to an unwanted place. Thus, this needs to be taken care of very carefully. 

Online Payments

Add the option of online payment for customers’ benefit. This enables businesses to have all the data related to payment in a specific place online. On the other hand, customers can manage their payments online without worrying about changes or any issues with refunds when exchanges or difficulties occur. 

Steps of Custom Logistics Software Development 

In this section, we will look into the step-by-step process of logistics software development. So let’s get started. 

Choosing Service Provider 

So, the first step in making such an app is selecting custom software development company that can provide the best services and a team that can provide all the required results whenever needed at the point of development. Secondly, it suits the business budget as well. 

Market Research 

When the company is shortlisted, the team must start working. They will conduct market research to determine what needs to be done. Moreover, the information already provided by the business is utilized for the investigation. The team also needs to be aware of all the market trends and technologies used to distinguish their product from others. 

Design and Development 

After all the data is collected, the team of designers and developers is utilized further in this process. The team of expert designers focuses on making the designs that are best suited for the particular project; the designs contain all the details that will work in the software. Then, the developers will start working on the coding part, making all the designs work. 

Quality Assurance 

Completing software development is not the last step. After the development is completed, the quality assurance team performs different types of software testing services on the end product. This ensures that no bugs or errors remain at the time of development and that everything is working properly. This is the two-way authentication method for removing all the issues from the software.  

Deployment and Launch 

When everything seems to be right, it’s time for the software to be deployed, launched for further benefits, and introduced to the target audience as well. This is very important to take care of and is the last step of development. 

Maintenance & Updation

After the launch of the software, it is necessary to take care of it as well, so make sure to do post-maintenance and update it to keep up with the market trends. 

Tech stack used in the Logistics Software Development 

Here’s a basic example of a tech stack commonly used in logistics software development.

Layer	Technology
Frontend	React.js, Angular, Vue.js
Backend	Node.js, Python (Django, Flask), Java (Spring Boot)
Database	PostgreSQL, MySQL, MongoDB
API	RESTful API (Express.js, Flask-RESTful), GraphQL
Containerization & Orchestration	Docker, Kubernetes
Messaging	RabbitMQ, Apache Kafka
Security	JWT (JSON Web Tokens), OAuth
Version Control	Git (GitHub, GitLab, Bitbucket)
Testing	Jest, Mocha/Chai, Selenium
Deployment	AWS, Google Cloud Platform, Microsoft Azure
Monitoring	Prometheus, Grafana, ELK Stack (Elasticsearch, Logstash, Kibana)
CI/CD	Jenkins, Travis CI, GitLab CI
Collaboration & Communication	Slack, Microsoft Teams

This is a general overview and can vary based on specific project requirements, team preferences, and other factors.

Cost to Develop Logistics Software 

The cost of developing logistics software can vary depending on various factors such as scope, features, technology stack, development team location, and more. Here are some key factors that can influence the cost:

1. Scope and Features: The more features and functionalities you want in your logistics software, the higher the cost. Primary features include order management, shipment tracking, route optimization, and reporting, while advanced features include real-time analytics, AI-based forecasting, warehouse management integration, etc.
2. Technology Stack: The choice of technologies can impact the cost. For example, using open-source technologies might be less expensive compared to licensed or proprietary software. Additionally, if rare or specialized technologies are required, it might increase development costs.
3. Development Team: The size and location of the development team play a significant role in the cost variation. The team belonging to the region with lower labor costs (e.g., Eastern Europe, Asia) can provide cost-effective development.
4. Support and Maintenance: Factor in ongoing support and maintenance costs, including bug fixes, updates, feature enhancements, and post-launch.

Given these factors, it’s challenging to provide an exact figure without detailed project requirements. However, the cost of a basic logistics software solution could be $10,000 and can go higher depending on the integration and level of complexity.

Related Post: How Much Custom Software Development Costs in 2024? 

Why Opt Octal IT Solution for your Logistic Software Development Partner? 

Octal IT Solution isn’t just a software consulting service provider; it has a team of experts who provide a variety of logistics development services. Our expert developers provide custom solutions that fit your business like a glove, blending innovation with practicality to optimize routes and streamline operations. With us, transparency and collaboration are paramount, ensuring your vision takes center stage. We have more than 16 years of experience and completed more than 1500 projects. You can also look at our portfolio and read the success story and client review for a better view of our work.

Conclusion

Coming to the end, are you aware of logistics software development? What are the primary costs and features to include? In this blog, we explained all the queries that most businesses ask. 

If you are still facing an issue and have some other questions, feel free to contact our experts, who are available 24/7 for your help.