Logistics Viewpoints

FEBRUARY 20, 2020

These changes impact shipping lanes, volumes, cost, driver satisfaction, turn over – all of the things that naturally […]. The post Strategies, Tips, and Pitfalls of Modern Transportation Procurement appeared first on Logistics Viewpoints.

Cost Reduction Strategies 143

Cost Reduction Strategies Optimal Sourcing Price Mitigation Strategies Supply Chain Strategy 143

Shipsy

APRIL 9, 2020

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. As a large number of containers are stuck in transshipment and countries have put restrictions on movement of ships to contain the spread of the virus, it has lead to a mismatch in the demand and supply in the market.

Optimal Sourcing 98

Optimal Sourcing Modeling Cost Reduction Strategies Vendor Strategies 98

MercuryGate

JUNE 24, 2021

Procurement and shipping managers are collaborating with TMS and other platforms to increase productivity and profitability. The post Supply Chain Optimization | How Procurement & Shipping Managers Are Collaborating With TMS to Optimize Freight Flows appeared first on MercuryGate International.

Optimal Sourcing 52

Optimal Sourcing Optimization Software Supply Chain Optimization Price Mitigation Strategies 52

GlobalTranz

FEBRUARY 27, 2018

Procurement must never be an afterthought in any enterprise. Supply chain professionals must also know how they will be shipping freight. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement.

Manufacturing Procurement 166

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 166

Logistics Bureau

AUGUST 2, 2021

On this blog and the one published by our sister company Logistics Bureau, we often receive questions relating to metrics suitable for monitoring procurement performance. To answer some of those inquiries, we decided to release the following brief overview of what we believe to be the most helpful procurement KPIs. Supplier Lead Time.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

Supply Chain Game Changer

JULY 2, 2021

Shipping container shortage article and permission to publish here provided by Sam White at Argentus. The massive global shipping squeeze. In their story about the shipping shortage, the CBC quoted shipping analyst Alan Murphy, who detailed how this changing demand has massively disrupted the global shipping market.

Shipping 105

Shipping Agile and Lean Supply Chain Supply and Demand Price Reduction 105

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case inventory strategies. . About 9% even had stopped offering free shipping to recover costs, while 7% held off on ordering peak inventory to see if prices would level off.

Just-in-Time 98

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 98

QAD

MARCH 31, 2020

Inevitably, the procurement process is complex and challenging to manage. Machines can’t be built and shipped without having the right parts in inventory , but at the same time, keeping parts on the shelf consumes space and cash. Procurement System Improvement Goals. Streamlined Component Procurement.

Manufacturing Procurement 117

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement 117

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Optimal Sourcing 59

Proxima

JUNE 5, 2023

In the world of procurement and supply chain, this is an important moment to pivot our approach. This comes to the very heart of procurement’s strategic role in the success of a business. The post Cost savings, evolving your business, and the power of procurement appeared first on Proxima.

Negotiating Skills 52

Negotiating Skills Cost Reduction Strategies Purchasing Skills Procurement Solutions 52

Procurement Academy

JANUARY 5, 2023

Stress was a state of mind for supply chain and procurement professionals during the pandemic. An astounding 98% of the 200 senior supply chain and procurement professionals who took part in our recent study identified significant issues facing their function. A whole lot more stress, apparently. Train to retain.

Buyer Training 52

Buyer Training Procurement Supply Chain Supply and Demand 52

Freightos

MARCH 17, 2019

The annual fixed-price contract is the current go-to for ocean freight procurement. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing? We never looked back. Source: SGX, Freightos Baltic Index.

Optimal Sourcing 120

Optimal Sourcing Procurement Freight Price Reduction 120

HICX Solutions

JUNE 24, 2022

Prominent members of the procurement community discuss why we should care about the supplier’s experience, at last week’s World Procurement Congress. Four inspiring procurement and supply chain leaders advocated supplier-centricity, at Procurement Leaders’ World Procurement Congress 2022, which took place in London last week.

Procurement 52

Procurement Eliminating Excel in Purchasing Purchasing Skills Price Reduction 52

EMERGE App

DECEMBER 12, 2019

If you’re that kind of person, then drop shipping is the thing for you. What is Drop Shipping? Drop shipping is a business method where you (store owner/ retailer) ship products directly from manufacturers or wholesalers to the customer. In drop shipping, you are only responsible for marketing and sales of the products.

Shipping 69

Shipping Manufacturing Procurement Purchasing Skills Procurement Solutions 69

Supply Chain Game Changer

SEPTEMBER 9, 2020

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. Important Digital Procurement Trends.

Optimal Sourcing 58

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Procurement 58

ivalua

FEBRUARY 8, 2023

Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building Supply Chain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supply chain visibility.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Supply Chain Software Optimal Sourcing 242

Freightos

FEBRUARY 28, 2024

The interesting shift here, though, is that there’s a whole world of alternative shipping routes. The traditional China-Northern Europe route alternative banked on sea freight to Dubai, followed by air shipping to the final European destination. For a full shipping container, that results in a full $3,804 of savings, or a 17% savings.

Los Angeles 156

Los Angeles Negotiating Skills Cost Reduction Strategies Price Reduction 156

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Logistics Procurement – Performance Management Download the latest LogiSYM Supply Chain Magazine In this edition we have several news updates, interesting & enlightening articles and contributions on people & management – topics which are most crucial to the development of the Supply Chain Industry across regions as well as globally.

Supply Chain Strategy 130

Supply Chain Strategy Supply Chain Procurement Supply and Demand 130

Shipsy

APRIL 9, 2020

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. As a large number of containers are stuck in transshipment and countries have put restrictions on movement of ships to contain the spread of the virus, it has lead to a mismatch in the demand and supply in the market.

Modeling 52

Modeling Optimal Sourcing Cost Reduction Strategies Material Savings 52

Oracle SCM

MARCH 3, 2020

Procurement professionals are now playing an increasingly strategic role within their organizations. Procurement of raw materials and components that go into the manufacturing process is essential to ensure final product quality and strong financial performance. The new procurement professional needs a broad set of skills.

Manufacturing Procurement 78

Manufacturing Procurement Procurement Analytics Negotiating Skills Procurement Solutions 78

Freightos

JANUARY 3, 2024

More Resources Home Red Sea and Suez Canal Shipping Crisis Update Judah Levine Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Even with an international naval force in place, Houthi attacks on commercial vessels in the Red Sea continue.

Shipping 302

Shipping Negotiating Skills Asia Yemen 302

Taulia

OCTOBER 7, 2021

The procurement process is a critical business function, but how do you measure how effectively the process is managed in your business? Setting KPIs for your procurement department can help to demystify their performance and deliver insights into where improvements can be made. So which procurement metrics and KPIs should you measure?

Procurement Analytics 52

Procurement Analytics Procurement Solutions Optimal Sourcing Purchasing Skills 52

Supply Chain Shaman

NOVEMBER 15, 2023

The second is, Why are companies focused on traditional risk management investments primarily focused on supply/procurement when the more significant opportunity is balancing risk and opportunity in an increasingly complex world? When he speaks of the supply chain, he means procurement. This is his world. I learned the hard way.

Supply Chain Planning Software 386

Supply Chain Planning Software Optimal Sourcing Modeling Forecasting Software 386

Proxima

NOVEMBER 30, 2021

Every procurement leader should be alert to the danger. There are three steps we recommend all procurement teams take at this stage: Keep a close eye on supply and demand Get your business disruption ready Have a plan to tackle costs. Procurement is often about preparing for the worst-case scenario.

Procurement 52

Procurement Scenario Planning Austria Cost Reduction Strategies 52

Freightos

SEPTEMBER 14, 2022

The low rates that triggered Hanjin’s bankruptcy in 2017 quickly became a thing of the past, as surging demand, congestion, and a litany of global shipping catastrophes pushed ocean freight rates into the stratosphere. While high, the shipping costs typically paled in comparison to the lost sales due to inventory shortages. Signup Now.

Logistics 156

Logistics Cargo Comparison Freight 156

Ware2Go

JANUARY 10, 2022

Should you change your supply chain procurement strategy in light of continuing supply chain disruptions? Supply chain procurement strategies had long been favoring Just in Time procurement. So, should merchants change their supply chain procurement strategies as they head into 2022? Big Picture Thinking.

Inventory Reduction 52

Inventory Reduction Cost Reduction Strategies Expense Reduction Price Reduction 52

Freightos

JANUARY 15, 2024

In fact, the hard reality is that looking back over the past decade, supply chains have been disrupted by shipping bankruptcies, wars, pandemics, geopolitics and tariffs. They should monitor the evolving geopolitical situation and adjust their shipping strategies accordingly. Most of these are nearly impossible to plan for.

Negotiating Skills 288

Negotiating Skills Optimal Sourcing Price Reduction Vendor Strategies 288

Shipsta

JULY 29, 2021

The term ‘autonomous freight procurement’ is thrown around a lot in logistics today. However, it’s far more than just a buzzword, it’s the one of the most exciting and game-changing developments in the shipping world today.

Procurement 52

Procurement Freight Innovation Supply Chain Strategy 52

The Logistics of Logistics

DECEMBER 5, 2022

Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. Brad Wheeler and Joe Lynch discuss the freight-tech dilemma.

Supply Chain Network Software 211

Supply Chain Network Software Logistics Network Optimization Software Sourcing Strategies Modeling Software 211

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. As a strategic process, transportation procurement may still seem very tedious and challenging. Adopt performance metrics for carriers.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Material Savings Procurement 100

Ware2Go

JANUARY 7, 2022

Recent supply chain disruptions , including images of cargo ships stuck off the West Coast , have led eCommerce shops to rethink their just-in-time and just-in-case procurement strategies. About 9% even had stopped offering free shipping to recover costs, while 7% held off on ordering peak inventory to see if prices would level off.

Just-in-Time 52

Just-in-Time Optimal Sourcing Manufacturing Procurement Supply Chain Disruption 52

Supply Chain Shaman

APRIL 18, 2023

As consumer spending fell, the days of escalating ocean freight and extreme shipping variability eased this year. In the face of variability, this is two-to-six weeks too long to make allocation or procurement decisions. The ride is uphill, but the visibility is low. What is normalcy? However, variability and global unrest is rising.

Supply Chain Planning Software 374

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 374

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

GlobalTranz

NOVEMBER 30, 2021

doesn’t require a fast-paced delivery, such as next-day or two-day shipping, it might be eligible for freight consolidation within zone skipping, which lowers its total shipping cost. process of finding the best way to oversee pickups, drop-offs, and changing schedules as shipping needs evolve over time. a shipment?doesn’t

Optimal Sourcing 221

Optimal Sourcing Rail Software Transportation Sourcing Strategies 221

CH Robinson Transportfolio

NOVEMBER 19, 2020

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. When it comes to flatbed shipping, each industry faces unique challenges in seasonality, regulation, competition, and scalability. wind, solar, utilities).

Optimal Sourcing 44

Optimal Sourcing Material Savings Shipping Price Reduction 44

Logistics Viewpoints

DECEMBER 12, 2022

In September of 2020, the company hired Jeff Baker to be their Vice President of Procurement and Integrated Supply Chain. Mr. Baker spent over 34 years leading procurement teams at The Dow Chemical Company. The two contract manufacturers also store the finished goods and then do the shipping.”.

Supply Chain Planning Software 200

Supply Chain Planning Software Supply Chain Planning Procurement Solutions Scenario Planning 200