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. However, 48 to 72 hours would be an ideal lead time, reports Steve Raetz of Logistics Viewpoints. Take Advantage of Cloud-Based Analytics for Better Warehouse Management and Forecasting.

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

Cerasis

Procurement must never be an afterthought in any enterprise. 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. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.

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

Cerasis

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work.

Needed: An Analytics Platform to Support the New Face of Procurement Transformation

Supply Chain View from the Field

As organizations continue to discuss the notion of procurement value transformation, there is a noticeable gap between the stated intentions of organizations to pursue value, and their actions as they pertain to on-going adversarial approaches to supplier relationships. As Gerard Chick and I noted in our recent book “The Procurement Value Proposition” (2015), many organizations see their supply function as a key driver of competitive advantage.

The 4 Stages of Supply Chain Analytics

and advanced analytics. Supply Chain Analytics Maturity Model 2 The Stages Supply chain leaders are wanting their organizations to be data-driven. stage 1) to prescriptive and forward-looking analytics to drive meaningful. 3 Stage 1 Descriptive Analytics (What happened?)

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

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.

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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Big Data and Analytics for Oil and Gas Transportation

Talking Logistics

This growth along with the complexities found in the oil and gas industry can create significant transportation and logistics challenges. Implementing proven procurement processes for oilfield trucking. The post Big Data and Analytics for Oil and Gas Transportation appeared first on Talking Logistics with Adrian Gonzalez. Live Epsiode: Friday, November 14, 2014 at 12:00 ET. There has been a significant resurgence of the U.S.

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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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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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.

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.

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

Experts Choice Of Top Online Logistics Resources

Freightos

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. Ti Logistics Briefing. Inbound Logistics.

Mitigating Logistics Risk Through Blockchain

Shipchain

Logistics will always contain risks, but the use of blockchain in supply chain management can go a long way in prevention and mitigation. Let’s look at the problem of risk management in logistics and how traceability through blockchain reduces those risks.

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. 3PL Outsourcing Supply Chain & Logistics Trends cloud computing logistics managed services Stretch Armstrong

The Data Needed to Transform Supply Chains

Talking Logistics

The Hackett Group provides a useful visual for describing the maturity stages that supply chain is moving through as the industry strives to leverage data and advanced analytics. Supply Chain Analytics Maturity Model (Source: Hackett Group). Descriptive Analytics (What happened?).

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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.

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

Cerasis

Most shippers have existing vendor compliance programs in place within their vendor inbound logistics guide. Unfortunately, the traditional logistics of sending out paper guides and even keeping updated online versions has grown complex and difficult to control. Fortunately, today’s logistics technology has the power to execute a winning inbound freight strategy and maintain compliance in the following ways. Inbound Freight Logistics

51st Symposium Purchasing and Logistics

Supply Chain Movement

51st Symposium Purchasing and Logistics. en/all-events/51st-symposium-purchasing-and-logistics/. e-Solutions and business analytics: leveraging digitalisation. Benefit from the 51 st Symposium Purchasing and Logistics and learn how to turn exclusive insights into successful actions. Europe’s biggest congress for procurement, logistics and supply chain professionals awaits you. Date: 9 – 11 November 2016. Venue: InterContinental Berlin, Germany.

Using RFID Two Bin Kanban at the University of Chicago Medical Center: Healthcare Analytics Innovation!

Supply Chain View from the Field

Jon came from a background in distribution, procurement, and logistics at Delphi and Honda, and knew that this was a perfect approach for building a lean supply system. Forecasting Global Distribution Healthcare Supply Management Logistics Retail Logistics Supply chain analytics Supply Chain Innovation Supply Chain Management

Report Card for Supply Chain Matters 2015 Predictions for Industry and Global Supply Chains- Part Four

Supply Chain Matters

While industry supply chain teams wrap-up their various 2015 strategic, tactical, and operational line-of-business business and supply chain focused performance objectives, we continue with our series of Supply Chain Matters postings looking back on our 2015 Predictions for Industry and Global Supply Chains that we published in December of 2014. Our research arm, The […].

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

Supply Chain Matters

The technology provider indicates that this technology is operational today with live users across the world along with API data interfaces into existing logistics and customs systems.

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.

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

A beautiful woman passed away this morning, my wife’s aunt who we all loved, so I will be brief with my comments about this week’s supply chain and logistics news. Logistics in Transition: U.S. Business Logistics Costs Slow Considerably with 2.6%

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.

Job opening: International Category Manager – Logistics at Rockwool

Supply Chain Movement

International Category Manager – Logistics. Can you deliver added value and cost savings from a supply chain, optimise and develop procurement processes, manage a wide range of suppliers internationally and identify new supply sources?

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.

This Week in Logistics News (July 20-24, 2015)

Talking Logistics

There was a lot of supply chain and logistics news this week, so let’s go straight to it. UPS Said to Be in Talks to Buy Coyote Logistics for $1.8 Bloomberg broke the news this week that UPS is reportedly in talks to buy Coyote Logistics for $1.8

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Smarter Inventory Management Will be One of the Key Competencies for Retailers in the Coming Year

Supply Chain Matters

and China trade negotiators, procurement teams have difficult decisions to make regarding Spring and Summer related inventory purchases.