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[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing

Cerasis

The Industrial Revolution helped change and bring prosperity into the world of manufacturing. As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. Why Is Technology Driving Procurement Trends and the Role of Procurement?

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. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts. However, 48 to 72 hours would be an ideal lead time, reports Steve Raetz of Logistics Viewpoints.

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

Cerasis

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. 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.

6 Manufacturing Trends to Watch Out for in 2016

Cerasis

As we close the year of 2015, we want to take a look at some manufacturing trends for 2016. We look at 6 core areas that manufacturing companies will take a long look at as they gear up for a successful 2016. E-Commerce for Manufacturing. Manufacturing manufacturing trends

Trends 2019: Manufacturing

Enterra Insights

Over half-a-dozen years ago, Brookings Institution analysts, Susan Helper, Timothy Krueger, and Howard Wial, asserted, “Manufacturing matters to the United States because it provides high-wage jobs, commercial innovation (the nation’s largest source), a key to trade deficit reduction, and a disproportionately large contribution to environmental sustainability.”[1] Manufacturing trends. The changing manufacturing environment is often described as Industry 4.0

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Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Google Analytics); Serving behavioral ads (e.g. Procurement

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network. Procurement’s Role Did Become More Important.

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The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

The election is over, but the race is just starting for logistics providers. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. The Top 6 Trends in Logistics Impacting Shippers in 2016. Logistics

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6 More Logistics Technology Trends Enabling Success in 2018

Cerasis

In today’s blog post we continue our look at the logistics technology trends that will shape 2018. In this post, will go to how shippers and logistics providers will lean on 6 more trends to make gains in the months to come. Logistics Service Providers Will Increase Mobile App Adoption.

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Analytics Powering the Next Evolution of the Supply Chain

Supply Chains Rock

Analytics Powering the Next Evolution of the Supply Chain. The chart, pasted below, focuses on how IBM is using analytics to not only optimize the supply chain, but to actually predict how issues in the world will impact operations. Analytics has got huge scope to get integrated in supply chain in terms of analysing spend data. Many analytics firms such as Musigma have already signed on clients for supply chain projects. About.com - Martins Logistics Blog.

Assessing the True Return of Procurement Transformation on Total Shareholder Return: A Tough Proposition

NC State SCRC

In my earlier book with Gerard Chick on “ The Procurement Value Proposition “, we advance the notion that buildoing a business case for investing in people, process, and technology improvement in procurement is key. Many procurement assessments developed by consultants seek to provide an answer to the question “how far along are you relative to your peers in your procurement transformation journey”, and “which processes are lagging compared to your peers?”

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Managed Services: The “Stretch Armstrong” of Logistics

Talking Logistics

As I look around, I see examples of Stretch Armstrong in the technology and logistics realms. In the logistics realm, managed services is another example. What does this all mean for manufacturers and retailers looking for a solution provider?

Digital procurement in real-time: Successful Industrial Track & Trace showcase at Hannover Messe

SupplyOn

Industrial intelligence meets industrial track & trace at Hannover Messe 2019: Innovative showcase enables new dimensions of visibility in manufacturing Hannover Messe is the world’s leading industrial trade show. After all, smart factories cannot function without intelligent supply chains and logistics. Many innovations stem from close digital collaboration between manufacturers and their suppliers.

3 Ways to Drive Growth in Your Manufacturing Business

IQMS

Investing in a manufacturing company – and/or operating a manufacturing company – in the current economic climate represents both opportunity and risk as U.S. manufacturing demand and profitability are accelerating. How to Drive Manufacturing Growth.

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

Even JP Morgan, Microsoft, and Google, reports Jonathan Chester of Forbes , are working to increase blockchain development and innovation, and supply chain leaders need to understand how the use of blockchain in supply chain and logistics will bring about lasting change and improvements in efficiency. Blockchain is entering a phase of development that will affect every aspect of supply chain and logistics management, ranging from procurement to forward logistics and beyond.

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

Cerasis

Third-party logistics providers (3PLs) are poised to dramatically shape the supply chain landscape in 2018 and beyond. In tandem with major trends occurring in manufacturing and logistics throughout the globe, communication and collaboration will take center stage in the 3PL trends between shippers and their partners in 2018. The best way to reduce costs is through the increased use of new technologies in logistics. 3PL Logistics Trends

Supply Chain Matters Highlights of Oracle Modern Business Experience Conference- Part Three

Supply Chain Matters

Both Jewell and SVP of Applications Development Steve Mirada pointed to an acceleration of SCM adoption coming from Oracle Cloud ERP customers, after initial implementations of backbone Cloud Financial Management, Inventory , HCM or Procurement applications.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. UPS Joins Top Alliance To Create Blockchain Standards For Logistics. Kenco Group (a Talking Logistics sponsor) is a great example. Source: Evan, Flikr.

Best Practice: Creating a Governance Mechanism for Analytical Learning in Organizations

NC State SCRC

I recently interviewed a large semiconductor company that developed a cross-enterprise initiative to drive analytical learning across its entire supply chain. There are systems directors in both the procurement and logistics/planning teams. An important governance mechanism that drives analytical process is the Supply Chain Director’s Council, whose mandate is to focus on the availability and ability of the supply chain to deliver parts and core finished goods to customers.

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

Cerasis

2017 will not be a bed of roses for third party logistics service providers, nor will the coming year be filled with thorns in the sides of major supply chain entities. The Trump administration could be a redeeming feature for the logistics industry, but some of his recent promises could come at a great price. However, only time will tell if Trump keeps or abandons his promises to hold the shipping and logistics industry accountable for outsourcing and reshoring efforts.

This Week in Logistics News (March 23-27, 2015)

Talking Logistics

Now, on to this week’s supply chain and logistics news… Penske Logistics Reaches Agreement to Acquire Transfreight North America. This week it was Penske Logistics announcing that it is acquiring Transfreight North America from Mitsui & Co.,

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End2End Supply Chain Conference 2016

Supply Chain Movement

Big Data Analytics, Digital Supply Chain, Internet of Things, Cloud Computing, Advanced Robotics, Machine Learning, 3D Printing, Drones and Self-Guided Vehicles are all being advanced and will have an ever greater impact on the Supply Chain sector. End2End Supply Chain Conference 2016. Date: 28 September 2016. Venue: Ballsbridge Hotel, Dublin. Organiser: Event Strategies. URL: www.supply-chain.ie/index.php. index.php. What will the supply chain of the future look like?

Supply Chain Predictions for 2018: Real-Time, Innovation, Cognitive, Blockchain, Industry-Academic Partnerships, and Taking a Stand!

NC State SCRC

Supplier driven innovation was also a major theme at the Procurement Leaders meeting in Miami this spring. These small companies are focusing on specific business issues, and attacking them using small teams of analytical experts, and piloting and re-piloting new projects with clients.

How to Reduce Fraud in Logistics

Shipchain

Fraud in logistics is a major problem. So many resources are wasted on trying to negate the issues, and although numerous risk analytics systems have been developed to try to improve the situation, nothing has proven foolproof. Fraud in Logistics and Supply Chain s Is Rampant. Any solution to the problem of fraud in logistics must find a way to tackle all of these issues at once. Take Action Against Fraud in Logistics by Learning More About Blockchain.

Inbound logistics requirements for the new automotive supply chain

The Network Effect

Today I want to discuss inbound logistics requirements. 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.

Global Supply Chain Risk Exposures Report- Continued Reinforcement for More Risk-Balanced Sourcing Decisions

Supply Chain Matters

Within its 5th annual Natural Hazards Risk Atlas, risk analytics and advisory firm Verisk Maplecroft calls attention to high profile risk cities that happen to be today’s growing manufacturing and logistics hubs. From our Supply Chain Matters lens, it provides a yet another stark indicator that supply chain disruption and risk criteria were most likely not weighted high in past outsourcing or global based manufacturing and strategic sourcing strategies.

March 8, 2019 Edition of This Week in Supply Chain Management Technology

Supply Chain Matters

Alibaba.com will leverage its global network of over 150,000 suppliers, a vast catalog of product listings and manufacturing capabilities, and an end-to-end technology platform that provides SMB s with a range of tools and services to grow their businesses.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Now consider that this same data entry occurs between all suppliers, customers and logistics carriers. Artificial Intelligence, Predictive Analytics, and Voice Activated Technology are key enablers that will allow for Intellectual Automation. Subscribe Here! Email Address.

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

Supply Chain Game Changer

Lean for instance is equally applicable in Supply Chain as it is in Manufacturing or anywhere else. The Supply Chain in the Financial sector is different from Manufacturing and Distribution for instance. Subscribe Here! Email Address.

Technologies are changing the Logistics Picture

Enterra Insights

According to Steve Geary, President of the Supply Chain Visions family of companies and Chief Operating Officer at ROSE Solutions, logistics is the key tool in the supply chain professional’s kit. He explains, “Sun Tzu said, ‘The line between disorder and order lies in logistics.’ With the advent of digitalization, the logistics and supply chain industry is getting a complete makeover.”[2]. Emerging Logistics Technologies and Trend.

50 expert tips on logistics planning and strategy

6 River Systems

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Logistics strategies for streamlined fulfillment. Logistics personnel and supplier management pointers.

Five Trends That Excite Me!

Supply Chain Shaman

Could we define business network flows through Apache Spark which can move real-time data like telematics, GPS, weather and temperature data, and sensor information at the speed of business to drive new forms of prescriptive analytics? Future of Analytics in the Building of Supply Chain 2030.

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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.

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.

I Will Be Wrong Again: Supply Chain and Logistics Predictions for 2017

Talking Logistics

This is not only true for financial investments, but also for supply chain and logistics predictions. I’ve been wrong with many of my predictions in the past (still waiting for a major third-party logistics provider to buy a major software company or vice versa), and I will be wrong again.