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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. This does not mean shipping a product immediately.

[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.

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.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

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

What Is the Impact of Big Data in the Transportation & Supply Chain Industries?

Cerasis

This graphic shows the true scope of impact of big data in the Transportation, SupplyChain & Logistics industries. . Better Shipping Options. . Meanwhile, Amazon is continuing to offer shipping that is free, and this fact is destroying shipping models around the country.

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

Cerasis

Statistics on the industry-wide use of a transportation management system (TMS), like the Cerasis Rater, are lacking. 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. Access our complete Full Truckload Shipping White Paper Series. Big Data Analytics.

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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Visibility: If Only I Could See

Supply Chain Shaman

The IT taxonomy for visibility is supply chain analytics. As you implement supply chain analytics and use control theory with well-defined reference data with clear bands for control, process improvement ensues. The team was seeking analytics to monitor process compliance.

Keys to a Successful Dropship Implementation

Talking Logistics

Manufacturers and distributors are looking to expand their sales channels and get more of their brands in the hands of customers to generate loyalty, which can mean drop shipping on behalf of retailers looking to expand their product assortments. This will increase the customer’s product and shipping options. It is possible, but it would be a very manual process, with many emails and spreadsheets sent between procurement and vendors.

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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.

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. TMS Transportation Management

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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 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. Check out Why don’t you have a TMS (Transportation Management System) Solution yet? .

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Democratizing purchase orders or predictive analytical data such as Point of Sale information can dramatically improve demand visibility, while reducing the negative consequences of poor forecasting such as the Bullwhip Effect. Outcomes: reduction in delays/human error in paperwork, visibility into procurement, international compliance. Twitter LinkedIn The post Why Blockchain Within The Supply Chain Makes Perfect Sense appeared first on Transportation Management Company | Cerasis.

Day 3: Lenovo Goes About Creating the End to End Transparent Supply Chain

NC State SCRC

So procurement will buy ahead, and work with suppliers to understand the situation in the market, and that may drive up inventory in one sector. Lenovo can build a product in multiple locations, and can balance supply even though some sites are further away and transportation can flex. Transportation costs will vary a lot as well. OE to ship is about 5 days. We know the product is available, and industry standard, and can be shipped in 7-12 days.

Three Predictions for the Supply Chain in a Trump-led America

Birst Supply Chain

based companies into the impact of new regulations on production, shipping and tariffs, to calculate profitability. However, the analysis must be performed within the centralized corporate procurement data, not a maverick set of agreements. Analytics supply chain Supply Chain

Learning to Work with Machines That Learn What the Experts Know

NC State SCRC

This capability in turn requires older generations of managers, often labeled “subject matter experts” who are willing to serve as key informants to educate these younger folk, and who are willing to transcend typical functional barriers between sales, operations, and procurement, to offer insights into the right solutions to different types of business problems.

Twitter Insights from GT Nexus Bridges 2015 Conference

Talking Logistics

One area in particular, which both Sean Feeney and Kurt Cavano (Vice Chairman and Chief Strategy Officer at GT Nexus) highlighted in their keynote presentations, is Transportation Management Systems (TMS). On top of this platform, GT Nexus has provided various transportation management applications, such as transportation sourcing, which has been a strength for the company, especially in facilitating ocean transportation bids. Transportation Analytics.

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

Talking Logistics

While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. 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.

It’s About Time for a new “World Class Supply Chain” Paradigm

NC State SCRC

As a young assistant professor at Michigan State University in 1992, I was part of a group called the Global Procurement Benchmarking Initiative. In logistics, the focus became on centralization of distribution centers and warehouses to drive optimization in transportation routing, reduce inventory carrying and handling costs across the system. Sure, they could buy things more efficiently, and ship things more efficiently, but were they really linked?

Top 5 Trends to Know to Compete with Amazon’s Supply Chain

Cerasis

Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. Today, procurement drives up to 67 percent of sales, explains Johnathan Webb of Forbes magazine, as procurement professionals look for innovative ways to produce effective, superior products. Procurement strategy was not always evident.

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The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. Providers will need to focus on predictive analytics to get ahead of tomorrow’s needs by adjusting operations to reflect today’s immediate demand.

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What Is Driving Interest for a Warehouse Management System in the Cloud?

Cerasis

These limitations include the inability to leverage analytics, robotics, automation, and new technologies. Since modern supply chain technologies can speed order fulfillment and shipping, technical limitations amount to poor customer service and limited, if any, visibility.

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How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Transportation modes used in procurement and shipping. appeared first on Transportation Management Company | Cerasis.

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.

A Journey to the Cloud Enables the Push to a Digital Supply Chain

Supply Chain Brain

At the time, it was operating across a platform of approximately 125 enterprise resource planning (ERP) systems, 30 warehouse-management systems (WMS) and a smattering of transportation-management systems (TMS). Only then could it make effective use of both predictive and prescriptive analytics. For the transportation function alone, Schneider Electric had some 1,450 suppliers. customs, shipping lines and a lead logistics provider. “We’ll

TMS Delivers on NASSTRAC’s Five Common Sense Suggestions for Shippers

Supply Chain Collaborator

The hard-hitting new report from the National Shippers Strategic Transportation Council (NASSTRAC) is titled, “ Logistics 2030: Navigating a Disruptive Decade, Year 1 – Freight Transportation ” and it is full of powerful conclusions about what shippers are facing in the coming decade as the pace of technological advancement and change continues to accelerate. A whopping 87% of respondents believe next-gen tech will have transformative effect on transportation operations.

SCRC Meeting Insights Part II: Management Principles for Executing Visibility Strategies

NC State SCRC

A problem in procurement can impact manufacturing and logistics and planning, but often these dots are never connected, so there never emerges a cross-functional approach to working on them. So as you look across the enterprise, there is a need for a mechanism that pulls exceptions and pulls together in real-time a cross-functional team that can across the end to end supply chain, (including manufacturing sites, 3PL, 4PL, transportation, distribution sites, and suppliers.)

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. 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. Rather than allowing customers to abandon ship at the first sign of price increases, more companies are creating company-exclusive offers.

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. This includes companies that start using outsourced transportation management systems (TMS), like our very own Cerasis Rater by adding on modules like e-commerce, parcel, vendor management, and last-mile capability in order to meet changing consumer demands. 3PLs will need to look for ways to reduce the last-mile costs associated with freight transportation.

Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

Customs filing is already integrated with 90% of the countries you are shipping to. In the immediate term, predictive analytics drive a distinct competitive advantage to those few who are already leveraging it to its full potential. Whether the data is big or small, companies that use detailed historical data analytics to aid in predicting their future requirements and challenges at the very least are heeding Santayana's warning about not learning from their past.

9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement.

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

Talking Logistics

If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? Cyber risk and security is getting more attention from the ocean shipping community too.

Strategic Logistics Management: The Importance of Flexibility

Cerasis

We continue our ongoing 11 part series on strategic logistics management to include information on both warehousing and transportation management. Stay tuned over the next week or so to read the remaining 5 posts in order to have a more strategic (read: not so tactical, hurried, rushed, or resource wasteful) mindset in effective logistics and transportation management. Flexibility within logistics management is crucial to maintaining efficiency and accuracy in shipping processes.

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

Cerasis

Third-party logistics providers (3PLs) have been around for several years, and while 3PLs may have existing software suites, such as our very own transportation management system, the Cerasis Rater, many supply chain managers are still implementing in-house technology solutions that have severe capability limitations. Supply chain technology is a difficult, exhilarating topic to cover in detail.

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

Cerasis

There are literally thousands of possibilities when it comes to selecting the best carrier, mode, insurance, protection plans, routes and other variables in modern shipping practices. Upon logging into the Cerasis Rater and entering your PO#, you can review the shipment details and provide additional instructions for shipping. The instructions are then transmitted back to the vendor, including pickup date and time, labeling and other appropriate requirements for shipping.