10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. Manufacturers must work to consolidate incoming supplies and outgoing shipments to make their incoming and outgoing freight more attractive to major carriers. Consider Cyber Security Concerns in the Procurement Supply Chain.

Transportation Procurement in India

CHAINalytics

By Linsa Godwin Sathiamoses | Consultant, Transportation, Chainalytics | Procuring transportation services is an important activity on the supply chain calendar. It is also one area where every procurement manager thinks he or she is doing a good job, until proven otherwise.

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These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

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. The global supply chain creates many challenges and opportunities in procurement. Integrated Procurement and Payment Systems Simplify the Process.

Full Truckload Technology: The Various Technology Involved in Full Truckload Freight Shipping Management

Cerasis

In full truckload freight management, technology will make or break plans for keeping freight spend in check. Demand for record-breaking speed of delivery and free shipping are only making the case for greater use of technology in full truckload freight shipping management, and shippers need to understand why. Amazon continues to push its own fleet forward, and the Big Box giants are willing to pay premium prices to get freight to market. Big Data Analytics.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. I visited the BVL Kongress in Berlin, and also attended the International Institute for Analytics ”Chief Analytics Officer” meeting last summer. Not surprisingly, analytics is at the top of the list.

Using Logistics Technology to Execute a Winning Inbound Freight Strategy & Have Compliant Vendors

Cerasis

Fortunately, today’s logistics technology has the power to execute a winning inbound freight strategy and maintain compliance in the following ways. Using Logistics Technology to Execute a Winning Inbound Freight Strategy & Have Compliant Vendors. If an existing shipment needs re-routing, the Cerasis Freight Desk can complete the change at your request, or you have the option of re-routing the shipment from within the Cerasis Rater. Inbound Freight Logistics

Solving Franklin’s Freight Dilemma: Cure or Prevent Disruptions?

Supply Chain @ MIT

This may be a great rule of thumb for life generally, but not necessarily for freight transportation. Is it more important to prevent disruptions from occurring by building robustness into a freight network (i.e. The net effect is a more resilient freight transportation plan.

What Value Are You Getting From Planning?

Supply Chain Shaman

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. The problem is that the acceptance of lanes by the carriers does not force the carrier to accept the freight when tendered.

Blockchain Comes to the Freight Industry

Supply Chain Brain

Fuller, who is also chief executive officer of freight market analytics provider FreightWaves , saw the suitability of a technology that originally was created to support the trading of Bitcoin and other cryptocurrencies. There was a perfect storm in terms of interest in the technology and how it would potentially impact the freight industry,” Fuller says. As it stands today, however, blockchain isn’t a solution that can be instantly embraced by the freight industry.

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! Advanced Analytics will support real-time decision making based on data captured across the supply chain. With analytics, businesses can more effectively predict and fill demand. Subscribe Here! Email Address.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. Raw Materials, Buyers, Planners, Product Data Management, Commodity Managers, Freight and Logistics, Distributors, Suppliers, Systems (eg. Subscribe Here! Email Address.

The Supply Chain Game Changer Job Board!

Supply Chain Game Changer

It includes functional areas such as Procurement, Purchasing, Freight, Logistics, Planning, Material Handling, Inventory Management, Cash Flow Management, Quality Management, Diversity, Customer Support, Systems Design and Deployment, Business Process Engineering, and Business Management.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Artificial Intelligence, Predictive Analytics, and Voice Activated Technology are key enablers that will allow for Intellectual Automation. Planning, Procurement, Manufacturing, Logistics, Inventory Management and more are most often activities assigned to some internal organization.

10 Supply Chain Investment Challenges – Real and Imagined!

Supply Chain Game Changer

The Internet of Things (IoT), Augmented Reality (AR), Drones and Autonomous Vehicles, Robotics, Virtual Reality (VR), Artificial Intelligence (AI) and Intelligent Analytics are front and centre. SCM #SupplyChain #Technology #IoT #AI #Logistics #Freight #Procurement.

It’s Time to Welcome The Supply Chain CEO!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Whereas different Supply Chain functions used to be siloed (planning, operations, procurement, etc.), Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Subscribe Here!

Our 2018 Top 10 List!

Supply Chain Game Changer

And we were selected as one of the Top 25 Procurement blogs in the world. From the Digital Supply Chain to WMS to Intelligent Analytics to End-to-End Electronic Connectivity to TMS and on and on there is a never ending set of new and emerging capabilities in Supply Chain.

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Real-time Capacity Matching: Making Brokers More Efficient

Talking Logistics

The real-time freight visibility space was particularly hot in 2017, with two major acquisitions announced last year, including Descartes’s acquisition of MacroPoint in August 2017. Visibility Enables Faster Procure-to-Pay and Order-to-Cash processes : for example, you can leverage Electronic Proof of Delivery (ePOD) and geofencing to initiate invoicing and payment process. . is what drove the first wave of demand for real-time freight visibility solutions.

Are These the 5 Biggest Fallacies in Supply Chain or is it Fake News?

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. This one is a bit of a sacred cow in the world of Supply Chain analytics. For example, if a company is measuring their Procurement function on price, and they source materials based on price without emphasizing quality, this can harm manufacturing will still making it look like Procurement is succeeding. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement.

Chainalytics Helps Cosmetic Giant Consolidate Business Unit

CHAINalytics

Transportation Centralized Transportation Department Cosmetic Manufacturer Freight Procurement tms Transportation analytics Transportation Management Systems Transportation Operations Transportation Procurement

Why Now is the Perfect Time to Benchmark and Bid Your Carrier Rates

Talking Logistics

In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now.

Experts Choice Of Top Online Logistics Resources

Freightos

So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking.

Beroe Founder Vel Dhinagaravel speaks at NC State on Origins of Company

NC State SCRC

Listening to him reminded me of the fun we had starting up the first ever company to produce supply market intelligence focused on the procurement space. Today, Beroe is the most successful procurement intelligence company, and continues to lead the pack in this space. A week in, the head of logistics procurement quit – and I became the new head of logistics procurement, managing over 300 truck movements.

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Going Beyond Brokerage: How North American Capacity Solutions Can Go to Work for You

Talking Logistics

It may be time to evaluate your transportation network and approach to procurement and make the move from simply fixing logistics problems as they present themselves to a more strategic, scalable model derived from analytics and not simply rates. Don’t view procurement as a tactical, routine annual exercise that must be completed quickly in order to meet your current customer demand at the lowest possible cost.

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

Operations Research began when scientists demonstrated the value of analytics in the study of military logistics problems in the 1940s as a result of the complex requirements of World War II. SCM #SupplyChain #Business #Leadership #Logistics #Distribution #History #Procurement.

Insights from MercuryGate User Conference 2014

Talking Logistics

Not surprising, capacity constraints was a hot topic of conversation, but from a technology perspective, there was also plenty of interest and discussion about integrating/on-boarding new clients and trading partners; the ability to configure workflows and user interfaces; and business intelligence and analytics. Hope provided several examples, including MercuryGate’s tight integration with Freight Friend , which the company helped to launch in 2011.

6 More Logistics Technology Trends Enabling Success in 2018

Cerasis

However, logistics focuses expressly on the movement and storage of products, while the supply chain goes into deeper detail, including manufacturing processes, procurement, and the flow of goods.

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Machine Learning and the Business of Tomorrow

Enterra Insights

”[1] Dr. Nipa Basu ( @nipabasu ), Chief Analytics Officer at Dun & Bradstreet, adds, “Machine learning is changing the way businesses look at data and presenting new analytics opportunities for companies of all sizes. Increasingly, how organizations leverage new technology for machine learning in business will be a key deciding factor in whether they can ride the waves of change or find themselves washed up on the data analytics shore.”[2].

Inbound logistics requirements for the new automotive supply chain

The Network Effect

Earlier we discussed the fact that the “procure to pay” business transaction cycle includes transportation events such as tendering, pick up, in transit, dock scheduling and deliver along with full track and trace. SMMT/Ltd Flickr.

Trends 2019: Manufacturing

Enterra Insights

technologies that interact, communicate and create lakes of vital freight information is now entering the supply chain and these will be instrumental in bringing about the smart supply chain.”[2] Advanced analytics. ” Singh adds, “The rise in the integration of AI with big data and analytics systems is making both predictive analytics and prescriptive analytics much more pervasive.”

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3PL Trends: 10 Areas Shippers Consider as They Increase Their Use of Third Party Logistics

Cerasis

The Freight & Transportation Management Trends to Know in 2018. Communication and collaboration are key to increasing visibility into freight , services available, services rendered, services billed, value-added services, such as audits and demand forecasting, as well as the increasing complexities of dimensional freight classification and pricing models. 3PLs will need to look for ways to reduce the last-mile costs associated with freight transportation.

5 More Transformative Supply Chain Technologies Supply Chains Will Focus on in 2018 to Move to the Next Level

Cerasis

While most brands have already integrated live system tracking, secure data exchange processes, and visibility and traceability throughout systems, the use of cloud-based technologies will begin to have a major impact on procurement processes as well, says Marc Wins of Procurement Academy. Supply Chains Will Develop and Take Advantage of Transformative Supply Chain Technologies, like Freight Sharing Apps.

Mitigating Logistics Risk Through Blockchain

Shipchain

Logistics Risks Lead to Higher Freight Spend. Logistics risks impact freight spend in multiple ways. The self-fulfilling cycle continues with more delays leading to increased freight spend.

Trends—December 2015

Inbound Logistics

Transportation and logistics deal value continues to rise; distribution centers prepare to reduce picking errors; mobile-based freight brokerage; predictive analytics and Internet of Things revolutionize procurement

Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

Consider the following – all in one integrated solution: - full functionality SaaS TMS operational in large scale in all major global regions - a fully integrated global network of carriers across all modes - seamless integration to global trade compliance - automated customs documentation and filing; and - all of this deployed via a SaaS/Cloud solution 80+% of your global carriers and freight forwarders are already in the network. Business environment changes quickly.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

Take a moment to think about how these remaining six trends will impact the shipping and freight industry as a new administration takes control. Thus, management teams must have access to immediate freight and shipping rates and information, allowing better consolidation and optimization of incoming and outgoing shipments. Hyper-Local Demand Will Drive Last-Mile Freight Delivery and Optimization.