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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? MORE
Featuring Our 10 Best Inventory Management Articles! Our latest “Featuring” series article covers the topic of Warehouse and Distribution Centre order fulfillment. So take some time and check out our very best Warehouse and Distribution Centre fulfillment articles! MORE
Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. An article in the Wall Street Journal called Supply Chain the hot new MBA , outlines how more and more future business leaders are also coming around to seeing the function as a career of the future. MORE
Similarly, learning time to produce a particular article or supply a certain service can be better amortized over a greater number of iterations of the same process. Supplier employees are stationed at the customer’s site to optimize communication, coordination and procurement with the supplier. Articles Cost SavingThe Key Supply Chain Challenge of Cost Reduction. Supply chain costs often represent a considerable percentage of the sales price of a good or service. MORE
The variety of functions involved – product design, procurement, warehousing, production, transport, distribution, sales, for instance – encourages demand for new employees and multiplies possibilities for moving around inside too. No other enterprise function touches as many departments, from sales, marketing, research and development, materials, and production, to shipping, accounting, payments, and finance, not to mention legal and public relations. MORE
There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. Our first belief is that the future Supply Chain must be based on a “Don’t Touch” philosophy, which we discussed in our article A Don’t Touch Strategy Will Dramatically Lean Out Your Supply Chain! Techniques such as drop shipping and full case fulfillment and replenishment eliminate several handoffs and touches throughout any Supply Chain. MORE
And as many suppliers are based in the Far East, buyers need to understand local pricing, duties, testing and shipping to ensure they receive the right product to enhance their promotional strategy. With these purchases there is no supply chain visibility resulting in the risk of repetitional damage if produced by a dodgy supplier and no control over shipping across borders, such as customs delays. Articles eProcurement MORE
Article written for Supply Chain Game Changer by, and permission to publish here provided by, Eada Hudes. This will save or reduce your shipping and handling charges and also avoid the damages that may happen during transit. Featuring Our 12 Best Procurement Articles! manufacturing #metalfabrication #procurement. Guest Blog Post Manufacturing Procurement manufacturing Metal FabricationSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer. MORE
Responsive Supply Chain article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Ability to leverage cross-docking and drop-shipping. supplychainmanagement #procurement #logisticsmanagement. Subscribe Here! Email Address. MORE
For Ford, the blockchain is a potential answer to assuring the ethical procurement of cobalt—a mineral increasingly used for the batteries in electric-powered cars. Like several of the companies already mentioned in this article, Ford has teamed up with IBM to develop a blockchain for end-to-end supply-chain transparency. As for Tesla, a blockchain partnership with port and shipping companies is all about improving supply chain speed and effectiveness. MORE
Supply chain leaders need to look at minimising risk through by focusing on cash flow, diversifying production and enacting strong financial discipline to cope with disruption, according to procurement and supply chain service provider GEP. In the immediate term, supply chain costs will increase as manufacturers expedite shipping and pay overtime labour costs to meet customer commitments. MORE
Manage Procurement Spend Like It’s Your Own Business! Article written for Supply Chain Game Changer by, and permission to publish here provided by, Samantha Wallace at greenwingtechnology.com. A punchout catalog allows your clients to access your inventory right in your procurement system directly. All while this is happening your order through your supplier has been put in for the client, or the inventory has been pulled off to be shipped to the buyer. MORE
Claritum Article - Procurement Blog. Many of the product related suppliers are based in the Far East, so there is also a need to understand local pricing, laws, duties, testing and shipping to be fully informed of the potential impact to supply over time. Resulting in the risk of reputational damage and supply delays associated with shipping across borders. Essential is to get the right specialist procurement technology in place. MORE
Claritum Article - Procurement Blog. If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. Do you rely on spreadsheets to compare factory costs, duties, shipping and other factors that impact on total prices? of procurement leaders have limited or no visibility beyond their Tier 1 suppliers. Articles MORE
This rise in demand and supply of goods also calls for an added focus towards sustainable shipping practices to ensure the environment doesn’t get affected by it all. In an effort to start a conversation on green shipping practices, this article will shed some light on the need for such practices while providing tips and techniques that will help you further the cause. Why We Need Sustainable Shipping? How Can I Make My Shipping Practices More Sustainable? MORE
There’s nothing new, for example, about a carrier’s ability to monitor the interior temperature and humidity of a shipping container while in transit. It knows where it’s located, that it has all shipping documents attached in virtual form on the blockchain, and when it runs into trouble can call for help.” The development of autonomous shipping equipment is likely to track that of self-driving vehicles, as the need for human involvement in transportation gradually diminishes. MORE
According to an article published in The Economist , AI has reduced returns by 2 million units a year and is able to procure 200,000 ítems autonomously without human intervention. You can read more articles here or sign-up for a free but shockingly infrequent newsletter. MORE
Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Shipping. COVID-19 Impact on Procurement. MORE
This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Article August 2020 MORE
An article written by my former PhD student, Rejaul Hasan, and I just came out this week in Contracting Excellence , the journal published by IACCM, which documents the catastrophe that is unfolding in Bangladesh, one of the world’s major exporters of garments for the apparel sector. One set of orders to a major New York brand was due on February 17, and was shipped and received by the buyer. MORE
Recent articles in the New York Times and in the I nternational Business Times highlight the emerging role of blockchain as a key enabler of improved integration between parties in the extended global supply chain. Pilots with IBM have shown that all these documents can be captured in a blockchain, and could potentially reduce shipping delays due to lack of paperwork. The Times article notes that. MORE
Focussing on lowering logistics costs by coordinating time charters or invest in joint shipping lines to capture ship-owner returns. Working closely with strategic teams and exploring implications for procurement, logistics and distribution, supply chain teams can better prepare for risks related to supply and demand. Article September 2020The GCC chemical industry is second largest manufacturing industry in value add, after refining. MORE
It’s because an understanding of freight service providers’ costs and rates is essential if you don’t want to pay over the odds for shipping your company’s products. If the carrier can find another customer shipping half-height pallets, of course they will charge that shipper for pallet spaces too, while loading both your shipments together to fill a trailer. MORE
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. The Seller went forward and manufactured and shipped the two piping units, accompanied by an invoice. Procurement MORE
According to recent Procurement Leaders research , 40% of category managers are anticipating risk associated with tariffs. In this article, we provide: What tariffs are and how they’re applied HowProcurement fits into the equation Strategies to eliminate or reduce the impact of tariffs. would result in charging $30 per pound of widgets shipped whether widget sold for $100 or $200 per pound. How Procurement fits into the equation. MORE
Article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Shippers need to re-evaluate ocean route use and determine which carriers can increase shipping in anticipation of tropical storms. Subscribe Here! Email Address. MORE
Inevitably though, a company’s shipping needs change over time and a carrier that once was able to serve those needs adequately, may no longer be able to do so. This is especially true if the shipper is not a large customer of the carrier or if shipping needs are unconventional in comparison with the bulk of the carrier’s customer-base. Significant change in shipping volume or mix (could be growth or decline in sales of certain products). MORE
Questions that keep Supply Chain Managers up at night article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. With so many things currently happening on the container shipping front, we bet supply chain and logistics managers are having a hard time focusing. Are you preparing for your freight procurement negotiations ? Do you have the data you need to identify improvement areas in your freight procurement strategy? MORE
Article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. Now… Is there something to be learned from this quote in Finding Nemo, that we can apply to procurement and sourcing? Procurement and sourcing teams know just as well as I do that they can leverage their supplier base as a source of driving product/service innovation, CSR initiatives, quality assurance, sustainability development, and overall performance. MORE
Rare Earth Elements article, and permission to publish here, provided by Joe Carson and Shubho Chatterjee. Molycorp, a key producer in the 1980s, and other companies shipped their oxides to China for refining and value-added production into metals, alloys, and magnets. Former Chief Procurement Officer at Lucent Technologies and at Micron Technologies as well as additional roles as a Vice-President Supply Chain Management, Operational Excellence Executive, and Chief Strategy Officer. MORE
You sell electronics products over the web from Brazil using different suppliers to drop-ship to consumers in Europe. The data can be structured, as in shipping and payment systems. Personal data may also be recorded in shipping and billing systems. MORE
Localising your supply chain has a positive effect on the environment as it reduces the energy required for shipping, transport, and storage. Smart software procurement choices, in areas such as business intelligence, risk assessment, and data management, will allow you to make predictive models for supply and demand in times of local, national, or global uncertainty. MORE
especially procurement and logistics?—?in For this reason, blockchain technology has been viewed as the perfect match for business application within procurement and logistics. The two companies expect this solution to track tens of millions of shipping containers annually. MORE
As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock. MORE
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. We discuss this in our article Quantum Leap to the Top 10 Supply Chain Skills of the Future! . The Hottest Jobs in Supply Chain and Procurement! Subscribe Here! Email Address. MORE
You can either ship it by boat from China (30 days) or by plane (FedEx). Articles Big Data Director's Blog Information Flows LIVING Supply Chain Partner Spotlight Physical Flows Relationships SCM Artificial Intelligenxe Supply Chain From The Field Uncategorized MORE
Supply Chain Game Changer
SEPTEMBER 9, 2020
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?
Talking Logistics
FEBRUARY 9, 2017
As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock.
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Supply Chain Game Changer
FEBRUARY 11, 2020
Featuring Our 10 Best Inventory Management Articles! Our latest “Featuring” series article covers the topic of Warehouse and Distribution Centre order fulfillment. So take some time and check out our very best Warehouse and Distribution Centre fulfillment articles!
Cerasis
NOVEMBER 28, 2016
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. The Seller went forward and manufactured and shipped the two piping units, accompanied by an invoice. Procurement
Proxima
NOVEMBER 21, 2019
According to recent Procurement Leaders research , 40% of category managers are anticipating risk associated with tariffs. In this article, we provide: What tariffs are and how they’re applied HowProcurement fits into the equation Strategies to eliminate or reduce the impact of tariffs. would result in charging $30 per pound of widgets shipped whether widget sold for $100 or $200 per pound. How Procurement fits into the equation.
Claritum
AUGUST 15, 2019
Claritum Article - Procurement Blog. Many of the product related suppliers are based in the Far East, so there is also a need to understand local pricing, laws, duties, testing and shipping to be fully informed of the potential impact to supply over time. Resulting in the risk of reputational damage and supply delays associated with shipping across borders. Essential is to get the right specialist procurement technology in place.
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EFT
APRIL 17, 2020
Supply chain leaders need to look at minimising risk through by focusing on cash flow, diversifying production and enacting strong financial discipline to cope with disruption, according to procurement and supply chain service provider GEP. In the immediate term, supply chain costs will increase as manufacturers expedite shipping and pay overtime labour costs to meet customer commitments.
The Logistics & Supply Chain Management Society
AUGUST 20, 2020
This article explores 10 possible areas in which can help at each stage of the flow in Supply Chain Management. Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Article August 2020
NC State SCRC
MAY 1, 2020
An article written by my former PhD student, Rejaul Hasan, and I just came out this week in Contracting Excellence , the journal published by IACCM, which documents the catastrophe that is unfolding in Bangladesh, one of the world’s major exporters of garments for the apparel sector. One set of orders to a major New York brand was due on February 17, and was shipped and received by the buyer.
Techgistics
SEPTEMBER 5, 2018
According to an article published in The Economist , AI has reduced returns by 2 million units a year and is able to procure 200,000 ítems autonomously without human intervention. You can read more articles here or sign-up for a free but shockingly infrequent newsletter.
Supply Chain Game Changer
NOVEMBER 24, 2018
Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. An article in the Wall Street Journal called Supply Chain the hot new MBA , outlines how more and more future business leaders are also coming around to seeing the function as a career of the future.
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Supply Chain Game Changer
JUNE 17, 2020
Rare Earth Elements article, and permission to publish here, provided by Joe Carson and Shubho Chatterjee. Molycorp, a key producer in the 1980s, and other companies shipped their oxides to China for refining and value-added production into metals, alloys, and magnets. Former Chief Procurement Officer at Lucent Technologies and at Micron Technologies as well as additional roles as a Vice-President Supply Chain Management, Operational Excellence Executive, and Chief Strategy Officer.
Supply Chain Game Changer
OCTOBER 9, 2019
Manage Procurement Spend Like It’s Your Own Business! Article written for Supply Chain Game Changer by, and permission to publish here provided by, Samantha Wallace at greenwingtechnology.com. A punchout catalog allows your clients to access your inventory right in your procurement system directly. All while this is happening your order through your supplier has been put in for the client, or the inventory has been pulled off to be shipped to the buyer.
Supply Chain Game Changer
SEPTEMBER 5, 2019
Article originally published by, and permission to publish here provided by, Sam Jenks at kodiakrating.com. Now… Is there something to be learned from this quote in Finding Nemo, that we can apply to procurement and sourcing? Procurement and sourcing teams know just as well as I do that they can leverage their supplier base as a source of driving product/service innovation, CSR initiatives, quality assurance, sustainability development, and overall performance.
Logistics Bureau
MARCH 3, 2020
Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Shipping. COVID-19 Impact on Procurement.
Supply Chain Game Changer
JANUARY 15, 2020
Responsive Supply Chain article originally published by, and permission to publish here provided by, Dave Joseph at veridian.info. Ability to leverage cross-docking and drop-shipping. supplychainmanagement #procurement #logisticsmanagement. Subscribe Here! Email Address.
NC State SCRC
DECEMBER 8, 2019
You can either ship it by boat from China (30 days) or by plane (FedEx). Articles Big Data Director's Blog Information Flows LIVING Supply Chain Partner Spotlight Physical Flows Relationships SCM Artificial Intelligenxe Supply Chain From The Field Uncategorized
Freightera
APRIL 6, 2018
This rise in demand and supply of goods also calls for an added focus towards sustainable shipping practices to ensure the environment doesn’t get affected by it all. In an effort to start a conversation on green shipping practices, this article will shed some light on the need for such practices while providing tips and techniques that will help you further the cause. Why We Need Sustainable Shipping? How Can I Make My Shipping Practices More Sustainable?
Supply Chain Game Changer
MARCH 5, 2020
Questions that keep Supply Chain Managers up at night article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. With so many things currently happening on the container shipping front, we bet supply chain and logistics managers are having a hard time focusing. Are you preparing for your freight procurement negotiations ? Do you have the data you need to identify improvement areas in your freight procurement strategy?
Supply Chain Game Changer
OCTOBER 28, 2019
Article written for Supply Chain Game Changer by, and permission to publish here provided by, Eada Hudes. This will save or reduce your shipping and handling charges and also avoid the damages that may happen during transit. Featuring Our 12 Best Procurement Articles! manufacturing #metalfabrication #procurement. Guest Blog Post Manufacturing Procurement manufacturing Metal FabricationSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
Logistics Bureau
JULY 27, 2020
For Ford, the blockchain is a potential answer to assuring the ethical procurement of cobalt—a mineral increasingly used for the batteries in electric-powered cars. Like several of the companies already mentioned in this article, Ford has teamed up with IBM to develop a blockchain for end-to-end supply-chain transparency. As for Tesla, a blockchain partnership with port and shipping companies is all about improving supply chain speed and effectiveness.
Logistics Bureau
MARCH 30, 2020
Localising your supply chain has a positive effect on the environment as it reduces the energy required for shipping, transport, and storage. Smart software procurement choices, in areas such as business intelligence, risk assessment, and data management, will allow you to make predictive models for supply and demand in times of local, national, or global uncertainty.
Supply Chain Game Changer
FEBRUARY 27, 2019
Article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. For instance, the bankruptcy of South Korea’s 7th largest shipping company (Hanjin Shipping) led to a dramatic reduction in global supply chain shipping capacity. Shippers need to re-evaluate ocean route use and determine which carriers can increase shipping in anticipation of tropical storms. Subscribe Here! Email Address.
Claritum
MAY 11, 2018
Claritum Article - Procurement Blog. If your organisation struggles with supply chain visibility you are not alone, according to Deloitte’s survey of Chief Procurement Officers, 65% of CPO’s have limited or no visibility beyond their Tier 1 suppliers. Do you rely on spreadsheets to compare factory costs, duties, shipping and other factors that impact on total prices? of procurement leaders have limited or no visibility beyond their Tier 1 suppliers. Articles
Logistics Bureau
NOVEMBER 15, 2018
You sell electronics products over the web from Brazil using different suppliers to drop-ship to consumers in Europe. The data can be structured, as in shipping and payment systems. Personal data may also be recorded in shipping and billing systems.
Supply Chain Game Changer
NOVEMBER 23, 2018
especially procurement and logistics?—?in For this reason, blockchain technology has been viewed as the perfect match for business application within procurement and logistics. The two companies expect this solution to track tens of millions of shipping containers annually.
Logistics Bureau
JANUARY 25, 2017
The variety of functions involved – product design, procurement, warehousing, production, transport, distribution, sales, for instance – encourages demand for new employees and multiplies possibilities for moving around inside too. No other enterprise function touches as many departments, from sales, marketing, research and development, materials, and production, to shipping, accounting, payments, and finance, not to mention legal and public relations.
NC State SCRC
MARCH 10, 2017
Recent articles in the New York Times and in the I nternational Business Times highlight the emerging role of blockchain as a key enabler of improved integration between parties in the extended global supply chain. Pilots with IBM have shown that all these documents can be captured in a blockchain, and could potentially reduce shipping delays due to lack of paperwork. The Times article notes that.
Supply Chain Game Changer
JANUARY 22, 2019
There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. Our first belief is that the future Supply Chain must be based on a “Don’t Touch” philosophy, which we discussed in our article A Don’t Touch Strategy Will Dramatically Lean Out Your Supply Chain! Techniques such as drop shipping and full case fulfillment and replenishment eliminate several handoffs and touches throughout any Supply Chain.
Claritum
APRIL 25, 2018
And as many suppliers are based in the Far East, buyers need to understand local pricing, duties, testing and shipping to ensure they receive the right product to enhance their promotional strategy. With these purchases there is no supply chain visibility resulting in the risk of repetitional damage if produced by a dodgy supplier and no control over shipping across borders, such as customs delays. Articles eProcurement
Logistics Bureau
JULY 12, 2017
Inevitably though, a company’s shipping needs change over time and a carrier that once was able to serve those needs adequately, may no longer be able to do so. This is especially true if the shipper is not a large customer of the carrier or if shipping needs are unconventional in comparison with the bulk of the carrier’s customer-base. Significant change in shipping volume or mix (could be growth or decline in sales of certain products).
Logistics Bureau
JANUARY 30, 2017
It’s because an understanding of freight service providers’ costs and rates is essential if you don’t want to pay over the odds for shipping your company’s products. If the carrier can find another customer shipping half-height pallets, of course they will charge that shipper for pallet spaces too, while loading both your shipments together to fill a trailer.
Supply Chain Game Changer
DECEMBER 14, 2018
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. We discuss this in our article Quantum Leap to the Top 10 Supply Chain Skills of the Future! . The Hottest Jobs in Supply Chain and Procurement! Subscribe Here! Email Address.
Supply Chain Brain
FEBRUARY 26, 2018
There’s nothing new, for example, about a carrier’s ability to monitor the interior temperature and humidity of a shipping container while in transit. It knows where it’s located, that it has all shipping documents attached in virtual form on the blockchain, and when it runs into trouble can call for help.” The development of autonomous shipping equipment is likely to track that of self-driving vehicles, as the need for human involvement in transportation gradually diminishes.
Logistics Bureau
APRIL 8, 2016
Similarly, learning time to produce a particular article or supply a certain service can be better amortized over a greater number of iterations of the same process. Supplier employees are stationed at the customer’s site to optimize communication, coordination and procurement with the supplier. Articles Cost SavingThe Key Supply Chain Challenge of Cost Reduction. Supply chain costs often represent a considerable percentage of the sales price of a good or service.
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