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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. These are the must-haves for any effective freight sourcing team. Subscribe Here!

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.

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

EFT

Paiva also emphasises the importance of being robust from a supplier but also a transportation perspective. “We We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. Even the transport network is changing. 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.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

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The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re In late February, LeanLogistics introduced LeanGlobal , a new TMS module that facilitates ocean freight transportation (see my comments at the time), and last week the company announced LeanFleet , a tool designed to streamline fleet planning and execution.

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

From soba to udon—Are the noodles in the FTA bowl getting too thick? – LogiSYM December/January 2021

The Logistics & Supply Chain Management Society

The use of such agreements (let’s for ease of reference call them FTAs for the purpose of this article, as that is the most common colloquial term, although there are many others floating around) has however been continuously disappointing. Article December/January 2021

Why Do Transportation Budgets Fail?

CH Robinson Transportfolio

Why do transportation budgets fail? It’s a thorny topic, even for transportation professionals trying to trace an increase back to its source. Imagine what it’s like for senior executives who have no background in transportation as they try to understand it. At a CSCMP conference session, participants offered case after case of how business decisions—both unintentional and intentional—can wreak havoc on transportation spend.

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

The Logistics & Supply Chain Management Society

This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. A significant paradigm shift in procurement and inventory control is an emerging area of focus.

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

The Logistics & Supply Chain Management Society

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 202

How Artificial Intelligence is Boosting Supply Chain Performance

Logistics Bureau

Transportation Management Solutions (TMS). By integrating AI technology, new platforms are enabling companies to streamline their transportation systems and cut the costs of freight. Procurement Communications. Decreasing order cycles through fulfillment-source optimisation.

COVID-19 Lesson: Make Your Supply Chain More Resilient

Logistics Bureau

Until the Coronavirus began wreaking its havoc, global companies could run their supply chains on the assumption that disruptions would be rare and short-lived, and that products should be sourced, produced, and distributed at the cheapest locations to be found, wherever in the world that may be. The pandemic, however, has exposed the risk, like never before, of concentrating sources in one location—especially when it’s far away from a company’s headquarters and markets.

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How to Use Big Data Analytics to Drive Business Value in Procurement Forward (Part 1)

Jaggaer

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . Procurement Trends in Manufacturing. How are they impacting the procurement organization and proficiency? Procurement Resources Supply Chain manufacturing

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

The Logistics & Supply Chain Management Society

GCC chemical industry is not immune to global trade fluctuations, transportation constraints and escalating competition, elevating the importance of supply chains to improve the bottom line. 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. Supporting localisation – To increase resilience, means to decentralise sourcing.

Global Sourcing and Human Rights Go Hand in Hand

NC State SCRC

Low-cost country (LCC) sourcing is now a commonplace strategy for shrinking bottom line labor and material costs in most consumer products industries, including apparel, footwear, toys, and other manufactured products. The on-going tariffs levied by the Trump administration in 2018 against China has also made this option significantly more expensive for sourcing.

Bristlecone Flash – January 2021

Bristlecone

HOW PROCUREMENT IS DELIVERING VALUE BEYOND SAVINGS. When procurement teams embrace innovative and sustainable ideas and technologies and align operations to customer requirements, procurement evolves from cost center to profit center. READ ARTICLE. READ ARTICLE.

How Can Procurement Create a Competitive Advantage in Talent Acquisition

ivalua

This article focuses on outsourcing, which offers more flexible solutions, has been on the rise to supply enterprises with external talents, leading to how procurement can help challenge the traditional strategy in order to maximize the chances of pairing the right talent with a need. Procurement Has A Key Role In Fighting This Talent Shortage. And, believe it or not, Procurement has a key role to play to enable this competitive advantage.

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. A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift. Subscribe Here! Email Address.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries. One can imagine a world in which blockchain becomes an indispensable part of tracking and monitoring all types of containers, via multiple modes of transportation. Comment on this article.

Procurement Is A Key Catalyst For The Circular Economy

EcoVadis

One of the central organisational players in the transition towards a circular economy is the procurement function. Some of the key questions are, how will procurement expand its role to address the circular economy, and how can they add value? Sourcing and manufacturing: From homogenous supply chain to heterogeneous resource flow innovation and cascading. A Procurement Change Management Challenge. Learn more in this article.

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. For example, I remember speaking with the Director of Transportation Services at a large CPG manufacturer a few years ago.

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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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Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

For example, approval by multiple parties to a transportation arrangement is required in order to issue an authorized bill of lading. At the same time, technical standards are needed to govern the various processes that are unique to freight transportation and other logistics-related services. Comment on this article. When it comes to technological innovation, however, hype is no benchmark for success.

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). For the transportation function alone, Schneider Electric had some 1,450 suppliers. Comment on this article.

Blockchain Comes to the Freight Industry

Supply Chain Brain

Just look at some of the names that have joined the Blockchain in Transportation Alliance (BiTA) since the group’s formation last August: FedEx , BNSF Railway , C.H. If you can convince a bunch of transportation neophytes who know nothing about freight that a [crypto] coin can become the currency of the industry, then you can raise whatever,” he says. Comment on this article.

Expert Reveals 7 Supply Chain Trends to Watch

Supply Chain Opz

In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch. However, complex supplier relationships, unreliable sources of material supply, and ever-increasing customer expectations greatly add to the expectations to select the best suppliers and conduct their operations more efficiently. One of these trends, in addition to inventory keeping, is dual/multi-sourcing.

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Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Article originally published by, and permission to publish here provided by, Katherine Barrios at xeneta.com. Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Source raw materials from reclamation centers where possible. Although systems can be integrated through open-source software, integration and modification of systems increase risk. Transport Loss. Subscribe Here! Email Address.

Are These the 5 Biggest Fallacies in Supply Chain or is it Fake News?

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. It’s becoming more strategic, as companies integrate their Supply Chains and use them as a source of competitive advantage – instead of just a back-office function. The goal is to make the origin of goods more transparent, allowing companies to prove that goods haven’t come from workers under abuse or unsustainable sources. Subscribe Here! Email Address.

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

Productivity increases from wearable voice command tools can increase factory warehouse efficiencies up to 30 percent, according to an article in Supply Chain Management Review. . A Transportation Management System (TMS) optimizes freight to utilize the most effective lanes and routes. With an automated, cost-effective transportation and logistics system, a company can implement major strategic changes to provide visibility, reduce costs and increase customer service levels. .

SCRC Meeting – Tom Linton’s “Supply Chain Eight” and Golden Winged Warblers : Questions Every New CSCO Should Ask Their CEO

NC State SCRC

Co-location of supply chains will reduce disruptions, complications with transportations, government regulations, etc. At Flex, Tom had a scope that included the entire end to end supply chain: procurement, transportation, warehouse management, as well as customer order fulfillment, customer service, procure to pay, and trade relationships.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

Source: RevCascade website. For example, as with last-mile delivery, managing the end-customer experience is a critical factor for success, as this comment posted on the WSJ article shows: The most fundamental issue is having a seamless customer journey and experience. Retail Trends Supply Chain & Logistics Trends Supply Chain Technology Trends Transportation Management drop shipping EDI Enspire Commerce RevCascade supply chain operating network trading partner connectivity

Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. As a sourcing manager, you may need to go outside your comfort zone to think about new, innovative ways to collaborate for achieving sustainability because Collaboration comes in more than one flavor! Lower transportation and warehousing costs.

Supply Chain Crystal Ball Gazing: Let’s Look Ahead to 2028

Logistics Bureau

This, combined with efforts to move sources closer to domestic markets (driven by the overwhelming growth in omnichannel retail), will all but eradicate offshore production, at least for industries in which off-shoring benefits relate purely to labour. Ten years is plenty of time in which to overcome legal and safety issues which currently stand in the way of transporting goods by airborne drone or driverless truck. Articles Supply Chain Technology Trends

5 Best Logistics Books for Beginners

Supply Chain Opz

Delivering Customer Value through Procurement and Strategic Sourcing Many people don't know that procurement is a part of integrated logistics. In logistics management literature, procurement is also called "Inbound Logistics" or management of incoming materials. This logistics book will show you have to plan and execute procurement strategy in a step-by-step manner. When it comes to transportation, people often think about trucking or land transportation.

This Week in Logistics News (May 7-11, 2018)

Talking Logistics

Source: [link]. Kuebix Surpasses 10,000 Companies Using Its Transportation Management System (TMS). to further explore concepts and technologies related to urban air mobility (UAM) to ensure a safe and efficient system for future air transportation in populated areas.” Rail, One of the Transportation Granddaddies, Still Relevant. 3PL Supply Chain Technology Trends This Week in News Transportation Management Transportation Management Systems blockchain C.H.