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. Important Digital Procurement Trends. What Is Digital Procurement?

Supplier Diversity in Logistics!

Supply Chain Game Changer

Supplier Diversity in Logistics article and permission to publish here provided by Kevin Jessop at cerasis.com. Overall, better relationships and supplier diversity in logistics lead to wealthier and more profitable opportunities. The post Supplier Diversity in Logistics!

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Pursuing a Career in Logistics and Supply Chain

Logistics Bureau

Because there is such a wide spectrum of logistics and supply chain jobs available, it is best to categorise them in the following way: planning, manufacture, sourcing, and delivery. Procurement Specialist/Manager. Logistics Manager. Reverse Logistics Manager.

Technologies that Impact Procurement

Claritum

Claritum Article - Procurement Blog. Technologies and Procurement Table. There are a lot of articles around on what Procurement needs to do; how Procurement needs to change; and how technology will fundamentally change Procurement. This article summarises, as a table, technology areas that impact on Procurement that you might need to investigate. 2 Technologies and Procurement Table. Virtual Procurement Agents.

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". As I’ve mentioned in previous articles supplier relations are an essential component of a sustainable and functional supply chain. Procurement

IKEA’s IWAY Lessons For Procurement!

Supply Chain Game Changer

IKEA article originally published by, and permission to publish here provided by, Sam Jenks at [link] . Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. If you don’t have a Supplier CoC, I’d strongly suggest looking into developing one with your sourcing and procurement team. It’d be interesting to hear your thoughts of this article/IWAY.

Procurement Challenges Condensed

Claritum

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. Basing this on the many articles I have read covering this subject. I rapidly came to the conclusion that these articles were excellent at the helicopter view of the challenges, however seemed unable to apply categorisation to the challenges. These two procurement domains have distinctly different challenges.

What is Procurement’s Place in the Value Chain?

Supply Chain Game Changer

Article originally published by, and permission to publish here provided by, Sam Jenks at [link]. Where does Procurement stand in your organization’s Value Chain? I speak with Procurement, Sourcing and Purchasing professionals every day, from various globally functioning organizations, and there’s a resounding similarity in every one of those conversations…. Procurement is?—?still?—?largely Outbound Logistics ?—?include Secondary: Procurement ?—?is

IKEA’s IWAY Has Lessons For Every Procurement Team!

Supply Chain Game Changer

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management. If you don’t have a Supplier CoC, I’d strongly suggest looking into developing one with your sourcing and procurement team. It’d be interesting to hear your thoughts of this article/IWAY.

WMS Software Procurement Lifecycle: How to Evaluate, Select, Implement, Modify, & Realize ROI

Veridian Solutions

The WMS software procurement lifecycle remains a challenge for many supply chain leaders. As explained by Tom Gresham of Inbound Logistics : . ” Supply chain leaders can avoid that grim scenario by understanding the WMS software procurement lifecycle, including top challenges and the value of a comprehensive review of supply chain data from selection through implementation and a few best practices to evaluate, select, implement, modify, and realize better ROI.

Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. Procurement at the pivot point. Clear steps to sustainable procurement.

Origin of Logistics & Supply Chain Revealed! - SupplyChainOpz

Supply Chain Opz

Origin of Logistics & Supply Chain Revealed! What do we know about "Logistics" and "Supply Chain" to date? The purpose of this article is to shed the new light on this topic, who coined the terms, the true meaning of the terms and its relationship with other disciplines. According to Lummas et al 2001 , the word "Logistics" in English appeared in the article as early as in 1898. 2) Origin of "Logistics". NAVIGATE. Basics. Case Studies. Graphics.

How Are Counterfeit Drugs Procured?

Supply Chain @ MIT

A new approach focuses on the way these products are procured. Research at the MIT-Zaragoza International Logistics Program , Zaragoza, Spain, is investigating why drug dispensers such as clinics and pharmacies might acquire fake drugs. The research explores a new approach to combating drug counterfeiters: devising mitigation strategies based on the way dispensers procure medicines. Counterfeit cures.

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. According to the CSCMP's "State of Logistics" Report from 2015, logistics costs now make up over 8% of the GDP. Any percentage less for your business with logistics costs as a percent of your revenue, goes straight to the bottom line. . Logistics Cost Reduction by Focusing on Safety.

Leveraging Digital Technologies To Reinvent And Accelerate Supply Chain Automation – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

The logistics sector is also not immune to these changes. The world of logistics and distribution is volatile, uncertain and more competitive than ever before. Innovation solution for logistics and distribution sector. A one-stop solution for logistical players.

What Are The True Costs And Challenges Behind Your Supply Chain?

Gravity Supply Chain

Articles procurement transparency impact Gravity Technology disruption supplychain flexibility delivery visibility logistics retail manufacturing cost platform #risk #shipment mitigate solution lastmile customercentric manufacture tech challenges bottomline complexity customerdriven costcutting consumerdriven consumercentric Gravitysupplychain retailer margins sipping touchpoints analysis analyse analyze costcuts

Procurement Fact File

Claritum

Claritum Article - Procurement Blog. We’ve read through some of the best analyst reports and surveys to bring you this procurement fact file containing some of the most interesting findings, statistics and quotes. Click here to download a printable pdf version of the procurement fact file. Procurement. source: (1 page infographic) AccentureOperations , High Performance Procurement (2015). Outsourcing of non-core procurement activities.

Technology + Human Touch = Digital Supply Chain Excellence

Gravity Supply Chain

Articles Gravity Technology humantouch digital supplychain digitize futureproof flexibility flexible transparency visibility sourcing procurement distribution fulfillment logistics retail manufacturing cost warehouses warehousing carriers lean agile platform data BigData silo silos ecosystem tools speed efficiencyThere’s no need to do the maths; we’ve got the answer for you!

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Corporate Sustainability: Why Procurement Should Pave the Way

Jaggaer

According to a recent New York Times article , 181 CEOs jointly released a statement on “the purpose of a corporation.” Procurement is at the core of many companies’ efforts to increase green practices. ” For many organizations, green procurement is something of a wouldn’t-it-be-nice idea. Even once those logistics are handled, effective supplier management without the proper tools can be extremely t ime consuming and is often not scalable.

5 Best Logistics Books for Beginners

Supply Chain Opz

Are you a beginner and you want to learn about each logistics function? We will show you 5 logistics books that will help you learn faster than any other books. Why is Logistics a Good Career? In the United States, the median wages for a Logistics Manager is around $90,000 annually. So, the career in logistics management can be very lucrative if you have a career plan and keep on developing yourself. Are there any other logistics books you love and why?

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field. Article July 2020

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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. Experts’ Choice: Supply Chain and Logistics Email Newsletters. This is the experts’ selection – but if we had to choose just one, our go-to read is the fast-rising WSJ Daily Logistics Report. Ti Logistics Briefing.

What is Inbound Logistics and How Can a 3PL Help?

Kanban Logistics

What is inbound logistics? See, there’s a big difference between handling inbound logistics yourself and outsourcing it to a trusted North Carolina third-party logistics (3PL) provider that knows the manufacturing industry. What is inbound logistics?

[e-Book] The Most Impactful Supply Chain & Logistics Trends in 2017

Cerasis

“The problem with trends is that they are like a freight train gaining speed; everyone can see the train, but at what point do you say the train is really moving at speed?” – Steve Banker from a recent Forbes article. The reality is that the speed at which the supply chain & logistics industries are changing are breathtaking. Download the all new Cerasis e-book "The Most Impactful Supply Chain & Logistics Trends in 2017" by Filling out the Form Below.

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Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption

Gravity Supply Chain

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. Précis: Supply chain experts give their take on how to navigate through uncharted waters Premium`: Freemium`: Channels: Supply Chain Logistics CEO Focus Article Type: Executive Insights Publish as a report As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

Market Beat. Four Thumbs Down and One Thumb Up.

Supply Chain Shaman

As a part of this due diligence, I interviewed the Company, participated in briefings, and talked to references and employees to write this article. Coupa is well funded and performed well in the indirect procurement software market.

This Week in Logistics News (October 24-28, 2016)

Talking Logistics

In 2012, for example, he was elected as a fellow of the Institute for Operations Research and the Management Sciences (INFORMS), where he served as chair of the Sections and Societies Subcommittee and as president of the Transportation Science and Logistics Section. Moving on to this week’s supply chain and logistics news… Uber’s Otto hauls Budweiser across Colorado in self-driving truck (Reuters). XPO Logistics Divests North American Truckload Operation to Transforce.

Can an AI put together your procurement better than you?

EFT

GoExpedi, a procurement solutions and supply chain management provider, has announced the initial release of predictive ordering capabilities for its e-commerce and company management platforms. GoExpedi says that as users engage on the platform, data is collected, fed into GoExpedi's AI algorithms and analysed. This analysis provides not only product recommendations and quantity estimates to its end users but it says it can identify order abnormalities in an effort to curb human error.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

For an industry that increasingly requires higher logistics pipeline velocity without sacrificing accuracy and at lower costs, RPA is a natural choice for high performing supply chain organisations. Procurement. Article August 2020

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. Do Facebook and Twitter Need a Logistics Strategy?

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How to Get a Job in the Supply Chain Sector

Logistics Bureau

You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. Review logistical functions and identify potential weaknesses.

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., Transfreight offers customized logistics solutions that include network optimization / rationalization solutions. Desperate times call for desperate measures.

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Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Working closely with partners can help mitigate some risk and avoid disruptions / obstacles to logistics. Regulatory compliance requires tight cooperation amongst different functions of an organisation, third parties, suppliers, distributors, brokers and logistics service providers. Article September 2020

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

In our article “ What Exactly is Supply Chain Management? SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs.

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