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Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. This is especially true when it comes to figuring out the lanes and volumes to include in the bid.

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements.

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Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Pre-pandemic only 30% of supply chain leaders were satisfied with their supply chains, and during the pandemic, business leader satisfaction is falling precipitously.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Figure 1: Definition of the Supply Chain Organization.

Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. The post Local Sourcing, Global Supply Chain appeared first on Kewill Corporate.

New Data Insight and Analysis Tool, BluIQ by BluJay, Provides Real-time, Actionable Data Views into Supply Chain Applications

BluJay Solutions

BluJay unveils solution that puts configurable, visual data at the fingertips of any user for faster insights, easy analysis, and better decision-making . May 14, 2020 – BluJay Solutions , a leading provider of global supply chain software and services, announces the launch of BluIQ by BluJay, a data and insight analysis tool that offers real-time, actionable supply chain data in a configurable visual dashboard.

Reconfiguring the Automotive Post Pandemic Supply Chain

Logistics Trends and Insights

In addition, with 80% of global car production requiring parts from China, the shutdown made it difficult for global vehicle makers within China and elsewhere around the world to source parts required for building cars. The factories are closed in these regions and elsewhere around the world because of a combination of restrictions aimed at containing the virus, drops in vehicle demand, and issues with component supply.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. My first focus was on China sourcing. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working.

What Are Supply Chain Predictive Analytics?

Intelligent Audit

There is a lot of talk within the supply chain industry regarding the value supply chain predictive analytics. This is because data collection and analysis prepare freight managers for the highs and lows the industry will likely face in the new year.

Why a Freight Audit Matters Today More Than Ever

Intelligent Audit

Discrepancies and errors with invoices, records, communications, and processes represent the biggest issues facing companies today regarding freight management. Supply Chains Still Struggle With a Lack of Collaborative Logistics. Freight Audit and Payment freight audit

Chainalytics Helps Fortune 500 Company Save Millions with Supply Chain Network Design Project

CHAINalytics

Following a Recent Acquisition, Chainalytics Creates an Optimal Supply Chain Network for a Leading Building Materials Manufacturer CHALLENGE When a Fortune 500 construction materials firm acquired a large, global competitor, it inherited an overlapping mix of product lines. Supply Chain Design Freight Consolidation Home construction Planning Transformation Supply Chain Network Analysis Supply Chain Network Redesign Supply Chain Network Review Truckload Consolidation

Vendor Managed Inventory Model for Supply Chain Cost Reductions

Cerasis

As a supply chain director, manager, or boss of a multinational corporation, where the supply chain is an integral part of your business, supply chain cost reductions are always at the forefront of your team’s mind. You can employ countless number of supply chain service providers who will help realized these cost reductions throughout the entire supply chain. Reverse marketing starts first with Value Analysis.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight is unique. Freight sourcing is as unique and complex as the transportation industry itself.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field.

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Two Important Questions About the Future of Freight Moves

Talking Logistics

Freight tons moving on the nation’s transportation network will grow 40 percent in the next three decades while the value of the freight will almost double, increasing by 92 percent, according to the latest projections by the U.S. Not surprising, considering the ongoing growth of e-commerce, freight moves in tons by “Multiple Modes and Mail” — which includes shipments by parcel delivery services, U.S.

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end. And as supply chains continue to grow, diversify and become increasingly global, total insight, oversight and foresight will become increasingly critical. Freight Cost Management eliminates post-audits and disputes.

Reimagine Supply Chain of the Future – agile, resilient, and balanced – LogiSYM July 2020

The Logistics & Supply Chain Management Society

Reimagine Supply Chain of the future: There are many facets to imagining Supply Chain of Future. What are the learnings from Covid disaster that leaders will incorporate into future supply chains? Let us study major highlights of Supply Chains of the future.

The (Internet of Things) IOT Supply Chain Benefits Now Coming Clearer

Cerasis

The Internet of Things (IoT) seems to be popping up in more conversations throughout the entire supply chain , and more businesses have turned towards IoT experts for guidance on how to take advantage of its benefits. Ultimately, the IoT Supply Chain will enable greater accuracy and identification of potential issues throughout supply chain processes. The IoT Supply Chain and Shipping Processes. The supply chain will adore the IoT.

Supply Chain Analysis: Your Profitability and the Cost of Oil

AFFLINK

Fluctuating oil prices are proving to be a substantial challenge among businesses in terms of planning their supply chain strategies. Benchmark oil prices have been experiencing a downward trajectory in the last couple of years, thanks to the shale gas revolution in the United States as well as the OPEC-initiated strategy to maintain a certain production level in order to force out high-cost supplies.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective. Let’s compare the strengths and weaknesses of both international and domestic sourcing options. International Sourcing. Reaping the benefits of international sourcing.

4 Best Ways Manufacturers Can Perfect Their Supply Chain

USC Consulting Group

Yet with COVID-19 and product shortages still a reality, some manufacturers are wondering what they can do to improve their supply chain resiliency to prepare for present and future disruption. In a separate poll conducted by the ISM, purchasing managers at some of the largest manufacturing companies expressed ongoing unease about future shocks to their supply chain while they scramble to remedy current shortages. Focus on strategic sourcing.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What is Supply Chain Management (SCM)? When I started my career the term “Supply Chain” had just been coined. As such it was many years before I actually heard of the term “Supply Chain Management” Regardless I pursued my interests and took on an increasingly diverse set of progressive jobs as time went on. What Makes Supply Chain Special? Subscribe Here!

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Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics. As 2013 comes to a close, here are some of my thoughts regarding the supply chain trends we are likely to see emerge in 2014. Here is what I expect to see next year: Global supply chain footprints will continue to expand. Increased Globalization Brings Increased Risks of Supply Disruption.

Stories of Supply Chain Leadership: An Interview with Joan Motsinger of Seagate

Supply Chain Shaman

Many companies talk about Supply Chain Excellence, but most leaders struggle to define it. One supply chain leader, in a discussion last week, likened supply chain excellence to fitness. He felt that supply chain excellence was analogous. One of our goals is to capture and share the stories of supply chain leaders. Performance of High Tech and Electronics Supply Chains for the Periods of 2006-2013 and 2009-2013.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

A March 11 analysis by trading platform Forex.com claimed that nearly 75% of all companies had already reported supply-chain disruptions, with more than 80% believing that at some point they would experience impacts as a result of COVID-19 disruptions. And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. Supply Chain

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

“We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short. That will be in 2015, after the peak of oil [supply].”. Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. Process Industry Moving Up the Supply Chain Maturity Curve.

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5 Ways Temperature Controlled Shippers Can Boost Supply Chain Efficiency

CH Robinson Transportfolio

The increased need for adaptability and agility sums up what nearly everyone is feeling these days—this is particularly true for companies shipping temperature sensitive freight when timing is critical. Adapt to changing conditions through supply chain efficiency.

How Machine Learning Is Redefining Supply Chain Management

IQMS

Bottom line: Machine learning makes it possible to discover patterns in supply chain management data by relying on algorithms that quickly pinpoint the most influential factors to a supply networks’ success, while constantly learning in the process. Discovering new patterns in supply chain data has the potential to revolutionize any business. New knowledge and insights from machine learning are revolutionizing supply chain management as a result.

Five Causes of Analysis Paralysis You Can Avoid

TMC

It’s a familiar feeling for many supply chain professionals in today’s data-rich working environment. It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. Performance Management Technology Analysis Data Performanc

How Resilient is Your Global Supply Chain?

3rdwave

Almost since 1982 when Keith Oliver coined the term supply chain, analysts, reporters, academics, and consultants have written about supply chain resiliency. For an equal amount of time, the global trading community has largely ignored the issue and not invested in solutions designed to dramatically increase a company’s supply chain resiliency, flexibility, and agility. The resiliency of its global supply chains are going to be stress tested.

Five Causes of Analysis Paralysis You Can Avoid

TMC

It’s a familiar feeling for many supply chain professionals in today’s data-rich working environment. It’s a common pitfall at a time when the number of data sources and data points seem to be growing exponentially. Either way, a surfeit of data can gum up the decision-making process and make it more difficult to pinpoint the root causes of problems that are undermining the efficiency of your freight network. How often do you feel like you’re drowning in data?

Global Supply Chains and the Coronavirus

Enterra Insights

The consequences of the coronavirus outbreak are being felt throughout the global economy, with stock markets tumbling and companies beginning to to worry about their supply chains. Dan Harris ( @danharris ), an international lawyer and founder of Harris Bricken, asks a question on many executives mind, “What is going to happen to my supply chain?”[1] Global supply chains are being affected. Early effects of the coronavirus on supply chains.

Global 100

Supply Chain Risk Management and Rocket Science

Logility

The aerospace industry was an early adopter of Failure Mode and Effects Analysis (FMEA) which, as the name implies, involves reviewing as many components, assemblies, and subsystems as possible to identify failure modes and their causes and effects. Supply chain professionals have to push the envelope on processes and procedures every day to gain incremental improvements in customer service, costs and efficiencies.

Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

You’d be hard pressed to find a major industry today that isn’t talking up blockchain as a cure-all for the ills of global supply chains. The idea of a virtual, distributed ledger that can serve as an indelible system of record for any number of business transactions between supply-chain partners — well, it’s irresistible. Global supply chains, by definition, consist of multiple, independent partners, making them ideal candidates for blockchain.

Supply Chain Case Study: the Executive's Guide

Supply Chain Opz

Professionals in supply chain management use various methods to identify best practices to improve the operations. Analysis of case study is certainly one of the most popular methods for people from business management background. In order to accelerate the learning, this article has gathered 20+ most sought-after supply chain case studies, analyzed/categorized them by industry and the findings are presented.