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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

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.

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Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

Resist the temptation to place deeper analytics on top of existing data models. Out of desperation, they turned to the use of descriptive analytics. Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP.

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The State of the Trucking Market in 2021

GlobalTranz

Port backlogs, cargo limitations on container ships, and a lack of available equipment and port facility staffing.? A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. Download the White Paper: Over the Road Freight Management Trends. Reducing Reliance on Outdated Systems and Technology.

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Better Ways to Address Trade-Offs with Supply Chain Optimization

Logistics Viewpoints

He had a load full of cotton bales, and while idling away hours at a shipyard watching stevedores load other cargo onto ships he dreamed up containers that transformed global supply chains. Fusing analytical approaches improves the math behind optimization, but to avoid highly-efficient silos it should be paired with concurrent planning.

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January 30, 2024 Update

Freightos

Judah Levine January 30, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 38% to $4,099/FEU. America air cargo rates climbed 11% last week to $5.33/kg,

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Molex Prizes Agility

Logistics Viewpoints

A multi-enterprise supply chain network platform provides network-based order fulfillment applications and advanced network-based supply chain risk analytics. The planners could choose to switch cargo from a slow-moving ship to air, for example. That increases the value of the analytics used by the procurement team.

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The Importance of Visibility In the Supply Chain

Precoro

Cargo Status Current information about the location and status of cargo is the first pillar of supply chain visibility. Shipping Rates Delivery cost makes up a significant part of a company’s procurement expenses, so visibility is essential for taming the spending. and prescriptive analytics to define “What should we do?”