The Logistics of Logistics

OCTOBER 1, 2022

Andrew Semisch and Joe Lynch discuss smart freight sourcing, which starts with an RFP tool purpose built for freight sourcing. Andrew is Vice President of Commercial Development for Emerge , the leading freight procurement platform. Key Takeaways: Smart Freight Sourcing. About Andy Smisch.

Sourcing 217

Sourcing Logistics Network Optimization Software Freight Supply Chain Network Software 217

Talking Logistics

SEPTEMBER 4, 2022

How do you best determine how long and how often to have transportation sourcing events? The good news is that companies today have greater access to real-time benchmarking data and market intelligence. Read more [Video] Why Benchmarking is the First Step to a Successful Freight Procurement Event.

Benchmarking 130

Benchmarking Video Procurement Freight 130

Intelligent Audit

SEPTEMBER 15, 2021

Discovering billing mistakes through leveraged data from freight audits helps shippers identify cost-cutting opportunities through accurate invoicing and payment processing. Freight audit savings might arise from recouping costs due to overbilling, service guarantee failures, or simply using the wrong carrier for each load.

Waste Reduction 52

Waste Reduction Cost Reduction Strategies Analytics Software Resource Reduction 52

Supply Chain Game Changer

JULY 3, 2019

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

Sourcing Strategies 58

Sourcing Strategies Purchasing Skills Sourcing Sustainability 58

Supply Chain Network

AUGUST 6, 2012

According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks.

Optimal Sourcing 92

Optimal Sourcing Procurement Solutions Supply Chain Planning Software Procurement Analytics 92

MIT Supply Chain

MARCH 2, 2021

Identifying key strengths in procurement and management in high-impact countries will support a fast improvement that may boost economic growth in the region. Truck transportation comprises 75% of all freight in Latin America. Latin American countries have particular challenges related to truck transport. including owner-operators.

Comparison 52

Comparison America Transportation Colombia 52

The Logistics & Supply Chain Management Society

JULY 16, 2023

The halal trust assessment could be conducted for one brand, but can also be benchmarked with selected competing brands. He is also an Adjunct Professor with UTM Azman Hashim International Business School in Malaysia, conducting research on halal procurement strategy, halal supply chain management, and halal risk and reputation management.

Risk Management 130

Risk Management Supply Chain Design Software Supply Chain Planning Software Pharmaceutical 130

Talking Logistics

MARCH 24, 2015

Only motivation is to save money on freight rates. RFP’s give you the opportunity to negotiate/award freight rates that will have a major impact on your budget for the year. Benchmark yourself against historical and current market indexes. Use only your data to determine benchmarks for your next RFP. Escalation Process.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

Supply Chain Game Changer

FEBRUARY 27, 2019

Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Extreme weather represents one of the most significant risks to ocean freight on the globe. Source raw materials from reclamation centers where possible. Extreme Weather Events.

Supply Chain Planning Software 57

Supply Chain Planning Software Resource Reduction Price Reduction Waste Reduction 57

Supply Chain Matters

AUGUST 11, 2022

In our Part Two look back commentary , we observed efforts and activities by businesses directed at restoring more direct control of supply network materials sourcing. Mid-Year Global Transportation Assessment. At the end of 2019, prior to the onset of the Covid-19 global pandemic, this index stood at $1,832 per TEU.

Predictive Analytics Software 52

Predictive Analytics Software Supply Chain Planning Software Cost Reduction Strategies Supply Chain Strategy 52

MIT Supply Chain

FEBRUARY 3, 2022

Next, a backlash is triggered that draws the term’s credibility into question, followed by a revival as professionals in organizations such as consultancies step in to benchmark the term and enshrine it in best practices. Eventually it is “widely used, overused, and possibly abused” and applied indiscriminately, he says.

Sustainability 52

Sustainability Supply Chain Software Supply Chain Purchasing Skills 52

Precoro

MAY 19, 2023

The right metrics can shed light on how cost-effective a company’s processes are when it comes to the flow of goods, both at the inbound stages of procurement and outbound all the way to the customer. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

Procurement Analytics 98

Procurement Analytics Metrics Supply Chain Planning Software Supply Chain Software 98

The Logistics & Supply Chain Management Society

NOVEMBER 14, 2021

Based in the USA and later North Asia, I specialized in “Supply Chain Solutions” for North American / European Corporations with Asia Pacific manufacturing/sourcing operations”. “My Logistics & Supply Chain Management Society (LSCMS), Supply and Distribution Group Launches Global Logistics Service Provider Benchmarking Index.

Sourcing Strategies 246

Sourcing Strategies Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 246

20Cube Logistics

FEBRUARY 3, 2022

Due to the institutional lockdown that was imposed all over the world, freight forwarding received its fair share of negative effects. Exploring New Avenues: COVID-19 has pointed out a very crucial thing to the big players of the fashion supply chain and that is the traditional benchmarks of operations can fade into redundancy.

Supply Chain Design Software 76

Supply Chain Design Software Supply Chain Planning Software Agile and Lean Supply Chain Supply Chain Design 76

AFFLINK

FEBRUARY 10, 2016

In one survey of businesses using the technology, 40% of respondents said that freight costs would rise by 5-10% if they had to give up their TMS, and 23% said costs would increase by over 10%. Advanced analytics supported by machine learning is expected to become a benchmark practice in the near future. Machine Learning.

Supply Chain Planning Software 72

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Optimal Sourcing 72

Supply Chain Opz

NOVEMBER 9, 2014

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Research from APQC’s Open Standards Benchmarking in procurement shows that organizations without formal SRM programs report 121 percent longer supplier lead times.

Waste Reduction 274

Waste Reduction Cost Reduction Strategies Supply Chain Planning Software Inventory Reduction 274

ToolsGroup

APRIL 1, 2022

Thanks to container prices rising as much as 600%, money that could be used for advertising went to freight companies instead. 28% of global retailers have tried to find alternative sourcing options due to supply chain issues (RetailNext, 2020). Source: Consultancy.UK. Image source: Fortune. Image source: Financial Times.

Material Savings 207

Material Savings Purchasing Skills Supply Chain Planning Software Manufacturing Procurement 207

The Logistics of Logistics

OCTOBER 6, 2023

John is the Co-founder and COO of ISO , the only neutral platform that provides shippers, brokers and carriers with the ability to measure the total cost of transportation procurement. ISO provides a neutral, single source of truth for logistics performance, eliminating siloed systems and human analysis.

Logistics Network Optimization Software 235

Logistics Network Optimization Software Analytics Software Supply Chain Network Software Predictive Analytics Software 235

Enterra Insights

JUNE 17, 2020

Ask a person on the street what constitutes supply chain management and my guess is they would say SCM means ensuring the entire supply chain, from procurement of raw materials to product delivery, runs smoothly. That’s pretty much how Adam Hayes, a derivatives trader and private wealth manager, sees it. ” 2. .

Supply Chain Planning Software 130

Supply Chain Planning Software Sourcing Strategies Supply Chain Software Supply Chain Strategy 130

Talking Logistics

OCTOBER 19, 2015

If you haven’t realized it already, you’re in the information-handling business as much as you’re in the freight-handling business,” said Tom McLeod, President and Founder of McLeod Software. Today, I want to focus on what I learned at the conference, from the other side of the table, the carrier side. “If

Logistics Network Optimization Software 100

Logistics Network Optimization Software Supply Chain Planning Software Conference Supply Chain Software 100

OptiProERP

JUNE 17, 2019

From procurement to shipment, every process of supply chain planning becomes streamlined by improving inventory visibility. . As per SAP Performance Benchmarking , manufacturing organizations that use SAP Business One experience an 8% increase in plan adherence. Receive Sales Orders from multiple sources and automate the process.

Real-time Visibility 66

Real-time Visibility Inventory Reduction Optimal Sourcing Supply Chain Planning Software 66

Supply Chain Game Changer

NOVEMBER 25, 2018

Source: Gartner. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries? Source: Gartner (May 2018). Home Depot. And the Novo Nordisk ROA of 37.9%

Gartner 60

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 60

ShipBob

DECEMBER 3, 2021

While this position goes by several other job titles (such as “Logistics Director”, “Head of Logistics”, and “Director of Supply Chain”), its basic purpose is always the same: to manage every step in the supply chain, including procurement , production, inventory management , fulfillment, and shipping.

Negotiating Skills 52

Negotiating Skills Logistics Network Optimization Software Supply Chain Planning Software Optimal Sourcing 52

6 River Systems

JUNE 29, 2020

“Some companies are starting to invest in creating data-backed profiles of their supplier base so they know where and when to look for second sources. These tools can also rapidly model alternate supply and transportation scenarios, such as rerouting around a port strike or going to an alternate source of supply.”

Supply Chain Planning Software 116

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Modeling 116

Supply Chain Brain

JUNE 11, 2018

When it comes to technological innovation, however, hype is no benchmark for success. All must agree to the precise form of that document before the release of international freight and the transfer of funds. Achieving consensus in that area is a problem of business-process alignment, not technology.

Supply Chain Planning Software 40

Supply Chain Planning Software Supply Chain Software Pharmaceutical Supply Chain Strategy 40

Logistics Bureau

MAY 24, 2019

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. Procurement analysis. Retail activity is extremely seasonal, with the majority of sales occurring between March and July.

Cost Reduction Strategies 54

Cost Reduction Strategies Inventory Reduction Expense Reduction Price Reduction 54

Freightos

DECEMBER 19, 2023

But with alternative routes and plenty of excess capacity available, operations should continue reasonably well, and freight rates are unlikely to spike to extreme highs. 18th, 2023, Source: Marinetraffic Since mid-November multiple ships have been attacked in the Red Sea by Houthi forces in Yemen. Get Your Custom Report Now!

Freight 247

Freight Negotiating Skills Yemen 247

Supply Chain Game Changer

JANUARY 14, 2020

Source: Gartner. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries? Source: Gartner (May 2018). Home Depot. And the Novo Nordisk ROA of 37.9%

Gartner 10

Gartner Supply Chain Design Software Supply Chain Software Supply Chain Design 10

6 River Systems

DECEMBER 11, 2018

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “Users can easily now look at your global or regional supply situation and quickly source alternates when required, but the key here is to practice your response.

Inventory Reduction 75

Inventory Reduction Cost Reduction Strategies Resource Reduction Sourcing Strategies 75

6 River Systems

DECEMBER 13, 2019

“Logistics takes place largely in three areas – procurement, supply and sales. Typically, logistics network optimization is for supply and sales of finished goods, although it sometimes includes sourcing of parts or raw materials. Additionally, robotics can help reduce the workload on employees.

Optimal Sourcing 81

Optimal Sourcing Optimization Software Price Mitigation Strategies Modeling 81

Supply Chain Matters

JANUARY 5, 2024

A Bloomberg Intelligence senior logistics analyst indicated this week that transpacific rates have already risen by 56 percent based on the Drewry Hong-Kong to Los Angeles benchmark.

Shipping 52

Shipping Panama Los Angeles Cost Reduction Strategies 52