7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. The post Procurement Leading Pharmaceutical Companies Through the Pandemic appeared first on Jaggaer.

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How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. As a large number of containers are stuck in transshipment and countries have put restrictions on movement of ships to contain the spread of the virus, it has lead to a mismatch in the demand and supply in the market. Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods.

ANCA Streamlines Procurement with the QAD Supplier Portal

QAD

Inevitably, the procurement process is complex and challenging to manage. Machines can’t be built and shipped without having the right parts in inventory , but at the same time, keeping parts on the shelf consumes space and cash. Procurement System Improvement Goals. Recognizing the vital importance of procurement to their business, ANCA management set about finding a tool to help. Streamlined Component Procurement. ANCA builds CNC tool grinding machines.

Putting Procurement Front and Center of Your Supply Chain

Oracle SCM

Procurement professionals are now playing an increasingly strategic role within their organizations. Procurement of raw materials and components that go into the manufacturing process is essential to ensure final product quality and strong financial performance. Companies depend on procurement teams to mitigate the impact of those disruptions and ensure supply continuity. The new procurement professional needs a broad set of skills. By Mark Lauterbach.

Ocean Shipping Trends: What to Expect in 2019

CH Robinson Transportfolio

This has been an interesting year for the ocean shipping industry. 2019 Ocean Shipping Trends. We saw tariffs and retaliatory tariffs enacted, leading many importers to ship earlier than normal to avoid paying higher tariffs. Besides front loading their shipping to avoid tariffs , importers are accelerating supply chain diversification by moving toward Southeast Asia. This is critical because of the way service strings today operate from Southeast Asia.

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Ocean Shipping Trends: What to Expect in 2019

CH Robinson Transportfolio

This has been an interesting year for the ocean shipping industry. 2019 Ocean Shipping Trends. We saw tariffs and retaliatory tariffs enacted, leading many importers to ship earlier than normal to avoid paying higher tariffs. Besides front loading their shipping to avoid tariffs , importers are accelerating supply chain diversification by moving toward Southeast Asia. This is critical because of the way service strings today operate from Southeast Asia.

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Port Congestion Update

Shipsy

With regards to blank sailings continued by shipping lines for the 1st week of June 2M and The Alliance have cancelled couple of sailings mainly in the transpacific trade lane. Shipping Lines & Port : C ontainers handled at state-owned Jawaharlal Nehru Port Trust (JNPT), India’s top container port, plunged 37 per cent in April to 2,83,802 twenty-foot equivalent units (TEUs) from a year ago as the pandemic cut demand. Blank Sailings Due to Corona Virus-Increasing Shipping Costs.

Manufacturing Quality Issue Turns into a Huge Success Story for Procurement

EC Sourcing Group

The issue began when the producer received bottles with defects that prevented them from shipping the product. Here is a brief overview of what they did: They scoured the US, Europe and Asia for suitable bottle manufacturers. The last point demonstrates the benefit of hiring people that understand procurement and what can be negotiated. Most people in procurement dislike change.

3 Technology Companies Disrupting Shipping

FLEXE

I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. Basically, responsible for ocean freight carriers, ocean ships that rely on truck companies. Shipping a 40-ton container back in July or June used to cost about $700 — a 40-ton container. More than half of Hanjin’s ships were chartered. So the chartering companies are already receiving the ships back and they need to rent them. MSC is interested to charter those ships.

Container Tracking live into your ERP through APIs

Shipsy

Our integrations with 40+ shipping lines enables you to get 35+ status updates in real time across all shipments. Receive Shipment Tracking Updates via API Shipsy’s Tracking API can be used to integrate tracking across 40+ shipping lines, covering 35+ milestones for each shipment.

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Avoid Hidden Charges on International Shipments

Shipsy

Shipsy’s rate procurement software comes powered with intelligence around local charges, intelligent reference rates and multiple dashboards around cost saving and vendor participation. Shipsy maintains a sync with all shipping lines and ensures local charges are updated on actuals.

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10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Borders were closed, air travel curtailed if not suspended outright, cruise ships were quarantined, tourism plummeted, restaurants and theatres were closed, and entertainment and sporting events and leagues were cancelled. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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Transpacific Air and Ocean Shipping Space Is Already Tight

CH Robinson Transportfolio

Transpacific Air and Ocean Shipping Space Is Already Tight | Transportfolio. Peak shipping season has heated up early. A predictable pattern of events follows: shipping volumes spike, space on airlines and vessels becomes harder to secure, and prices go up. The holiday peak season is one of the busiest shipping periods of the year around the world. Shoulder season; shipping ramps up. Peak shipping season. Shipping volumes start increasing.

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Seasoned Leadership in Action™ – An Interview with Raymon Krishnan!

Supply Chain Game Changer

In the former I was responsible for Logistics & Trade Compliance across 30+ manufacturing sites in the Asia Pacific region and then with APL L I was the Global Commercial Director of the organization – which was a US$2 billion 3PL with offices across the world. Subscribe Here!

Get Rid of Your Excels for Managing Shipments with Shipsy

Shipsy

Automate Data Flow From Shipping Lines All the various fields in the excel can be maintained on Shipsy. Around 30% of these fields are related to Shipping Line events. Experienced professional in logistics technology space and handles sales at Shipsy for Southeast Asia. Digitize your shipment operations and save upto 35% man hours in maintaining your shipping data through our integrations with 40+ shipping lines.

“You’re Only as Good as Your Worst Supplier”

Talking Logistics

to take in parts from Pratt’s suppliers, package them into kits holding about 8,000 parts, and ship them to Pratt factories for assembly by company’s machinists. Our mission was to develop technologies and business processes that would enable us to transfer semiconductor packaging from Asia to the United States in order to shorten our supply chain, decrease lead times, and respond more quickly to customer demands and issues.

“Too Big to Fail”: 10 Things you Need to Know About El Niño

Elementum

This should keep prices low and shipping lanes open. Because of the absence of winter storms in Southeast Asia, offshore mining will become easier. A shorter monsoon season in Indonesia, the Philippines, and Malaysia will help miners procure more materials, used heavily in the electronics industry. Typhoons can disrupt air and ship travel in Southeast Asia. It sounds contradictory, as certain parts of Southeast Asia are experiencing crippling drought.

The Origins of Category Management

Supply Chain View from the Field

Chrysler didn’t have the leverage that Ford or GM did –and so they leveraged it and got them to drop ship steel directly into the suppliers. In other cultures in Asia, trust may never really occur. Category Management Commodities forecasting Contract Management Global Supply Chain Procure to Pay Strategic Cost Management Strategic Sourcing Supplier Relationship Management Supply Chain Economics Supply Chain Strategy

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. Documentation may include, but is not limited to, packing slip, bill of lading, NAFTA certificates, commercial invoices, CMR (EU and Asia) and hazardous materials information. SMMT/Ltd Flickr.

What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

Reoccurring events—like the holiday season—used to provide some level of predictability to ocean shipping trends in the transpacific eastbound (TPEB) trade lane. Normally, we see a rush in ocean shipping just before the Chinese New Year (CNY). In fact, JOC.com sites many Southeast Asia countries—including India, South Korea, Taiwan, Thailand, and Indonesia—have significantly grown their imports into the United States, anywhere from 13-37% compared to last year.

The Digital Transformation Journey: The Alignment of Industry, Company, and Technology

Talking Logistics

tariff on China electronics is seeing a rise in demand for these products from other countries within Asia. Ports are having to off-load cargo onto the new mega-ships offshore from multiple smaller ships because they don’t have the capacity to handle the bigger vessels.

What Is Supply Chain ERP?

IQMS

A Supply Chain ERP system orchestrates and optimizes forecasting, pricing, procurement, sourcing, and inbound product quality levels across the many supplier relationships manufacturers have, providing real-time accounting and financial reporting of each transaction. The threat existed of counterfeit products leaking into their supply chains when they were relying on a legacy MRP system to manage a broad base of suppliers across Asia.

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Letter from the CEO: Coronavirus Market Update

Transplace

The expectation is that two mega ships will arrive at the ports to pick up empties this week as the equipment is needed in China. Industrial and chemical sectors are maintaining at seasonally expected shipping volumes as of this time. Finding equipment and shipping through the Laredo, TX and McAllen, TX border crossing points could quickly get worse. Cargo flows and ship calls are rebounding in China. Letter from the CEO: Coronavirus Market Update.

El Niño May Have Your Supply Chain Partying Like It’s 1997

Kinaxis

For example, the Panama Canal has already restricted the size of ships permitted to pass through it due to drought conditions created by El Niño. As a result, some shipments moving from Asia to the Gulf Coast and eastern ports of the United States will be forced to reduce cargo loads to meet the new requirements. by Kirsten Watson It’s not often that a weather phenomenon becomes part of the pop culture zeitgeist.

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Experts Choice Of Top Online Logistics Resources

Freightos

consultation firm, runs four ‘Logistics Briefing’ newsletters: Global, Americas, Asia/Pacific and Mergers & Acquisitions. Shipping Gazette Daily News. One of the most comprehensive daily summaries, and by far the leading Asian-based summary, China’s Shipping Gazette provides daily information about carriers, forwarders and technology. Since 1974 with industry-leading expertise in, well, American shipping.

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

Factories around the world produce millions of items of clothing and accessories for top European and American brands, which are packaged, shipped and sold in every country worldwide. The “fast fashion trend”, which means that collections are distributed in shorter, and shorter periods of time, has transformed the procurement function. The procurement function also manages supplier relations, negotiations, competitive intelligence and key performance indicators.

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Could Looming Supply Chain Risks Sink Your Company?

Material Handling and Logistics

Instead of trying to cut costs silo by silo, these companies take an integrated view of operations (product design, procurement, manufacturing, supply chain management). At the same time, it quickly cut $5 million from packaging costs by eliminating color and standardizing shipping materials for boxes going to customers, and it identified long-term savings of more than $70 million. Procurement: Buy Better, Spend Better.

Why investors are looking at supply chain technologies in 2020

Requis

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. In the procurement space, what I want to be able to assess is risk management. He and his business partner Dan Dershem have been looking at procurement from several angles. Since the coronavirus pandemic took hold earlier in 2020, supply chain has become a household word.

Letter from the CEO: Market Update April 2, 2020

Transplace

There is now a focus on educating shippers to not ship unless the consignee has confirmed they are open. Some shippers are having trouble shipping as they are having high percentage of employees not showing up to work. Transatlantic trade, and Asia to Europe.)

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times. Work with your broker to see if you can get priority on unloading the ship and inland transport. EIPC is responsible for procuring the SUBWAY® brand’s food, packaging, equipment, utilities and services for over 4,000 SUBWAY® stores across Europe – by negotiating price, supply and distribution terms.

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Limiting e-waste through ethical supply chain practices

EcoVadis

Countries with few environmental regulations face the brunt of the damage, with international companies shipping e-waste across oceans to remain compliant with reduction laws in their home country. The Information and Communications Technology (ICT) sector has led the charge for sustainable procurement in recent years as technology companies push hard to meet consumer demands for transparency in the supply chain. Alcatel-Lucent Sustainable Procurement Case Study

Apply Yourself to Everything You Do

Supply Chain Nation

Navy on board a naval ship called the USS Shenandoah (AD-44) destroyer tender, based in Norfolk, VA. I served as a ship serviceman, which is a SH2 Petty Officer Second Class, and worked as a records keeper in the supply department. DW: We did the procurement for the supplies that we sold on the ship, and we took on supplies for other ships that were in deployment. We ensured the ship stores had the supplies that you would need for everyday life aboard a ship.

Track Products Within A Container through Shipsy

Shipsy

Shipsy’s Container Tracking software automatically tracks container movements across 40+ shipping lines. View Container Tracking and Insights at Product level too Container tracking automaton across 40+ shipping line with auto ETA refresh will now also be available at product level. Experienced professional in logistics technology space and handles sales at Shipsy for Southeast Asia. The spread of the COVID-19 has effected the shipping industry in unprecedented ways.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

Singer suggests that Chinese-made microchips embedded in our appliances, devices, satellites, fighter jets, war ships, and tanks could turn against us.”[1] ” Peter Smith adds, “We’ve probably come to a point where pretty much every sentient senior procurement person understands how important supplier and supply chain risk is — to us as professionals, to our organizations, even to the wider economy and society.