Transportation Procurement in India

CHAINalytics

By Linsa Godwin Sathiamoses | Consultant, Transportation, Chainalytics | Procuring transportation services is an important activity on the supply chain calendar. By all accounts, shippers in Europe and the Americas are using transportation and analytics […].

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Why Now is the Perfect Time to Benchmark and Bid Your Carrier Rates

Talking Logistics

In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now. We believe there is no such thing as a bad outcome from a benchmark event.

10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ. Consider Cyber Security Concerns in the Procurement Supply Chain.

8 Uses for Supply Chain Benchmarking and Their Most Valuable Benefits

Logistics Bureau

If not, you might be surprised at the many ways supply chain benchmarking can be used to understand performance, identify areas for improvement and actually turn those improvements into reality. 8 Most Beneficial Uses of Supply Chain Benchmarking. Transportation fuel consumption.

How to Procure Full Truckloads in Tight Capacity

Cerasis

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. Logistics LTL ltl procuremen

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

This time of year, many shippers are reviewing and updating their transportation plan for the back half of the year and many will be considering issuing RFPs for new or changed capacity needs. I am often asked what shippers should consider (beyond the obvious of reducing cost) when deciding whether to go to market with a transportation RFP and what the associated best practices are. Benchmark yourself against historical and current market indexes.

Loyalty, Partnership, and Collaboration: Three Ingredients for Transportation Procurement Success

Talking Logistics

Is there an equivalent process or approach companies should take before engaging in a transportation procurement engagement? “In How are those ingredients infused throughout the transportation procurement process?

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. Transportation strategy is the second component, and that’s focused on positioning transportation to support your supply chain strategy (i.e.,

What Are Other Shippers Doing? Leading Practices in Transportation Procurement

Talking Logistics

In many ways, the success of a company’s transportation operations begins with how well it plans and executes its transportation procurement process. Although there is no “one size fits all” approach to transportation procurement, there are some fundamental practices that shippers should consider when developing their transportation procurement strategy and executing a bid. What is the best way to leverage benchmarking data and market intelligence?

Imbalanced Investments: Transportation Spending vs. Procurement Technology (Part 1)

Supply Chain Network

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. In my next post, I’ll hit on the top strategies to improve the procurement process and uncover hidden savings in your logistics network.

Getting Smart on Transportation: The Role of Market Intelligence in Procurement and Continuous Improvement

Talking Logistics

With ongoing cost pressures and capacity concerns, keeping a pulse on the transportation market, and understanding your position in it, is more important than ever. Leveraging market intelligence is not only important during a procurement engagement, it’s also critical for identifying and executing continuous improvement opportunities. How can you leverage market intelligence into an effective and competitive procurement strategy? Live Episode: Thursday, September 10, 2015.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Gathering this information via new systems also enables quality benchmarking across the supply chain. Procurement’s Role Did Become More Important. The start of any product or service is procurement, explains Jonathan Webb of Forbes Magazine , which refers to the obtaining of raw materials needed to create a product.

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Using Blockchain to Better Understand the Total Cost of Transportation

Shipchain

Determining the total cost of transportation is essential to understanding your company’s profitability. Understanding the total cost of transportation means understanding the costs and factors affecting spend in each leg of the supply chain.

Where Do the Savings from Managed Transportation Services Come From?

Talking Logistics

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend.

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

Is Inventory Waste or an Asset?

Supply Chain Shaman

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Before the benchmarking work, I believed that companies that were better forecasters would be better at inventory management.

7 Steps to Product Procurement Pricing that Suppliers Can Support

Supply Chain @ MIT

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Fair deal.

5 Procurement Management Tips for the New Kid on the Block?

AFFLINK

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations.

Developing the Business Case for Supply Chain Optimization

Talking Logistics

Did the transportation group do a good job [consolidating loads]? Did the procurement group do a good job this year [finding more cost-effective and reliable carriers]? Episode Highlights Supply Chain & Logistics Trends benchmarking Derrick Muilenburg LeanLogistics network design network modeling supply chain optimization transportation simulation

Misnomer

Supply Chain Shaman

When we started benchmarking companies, Deborah and I had a friendly wager. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure.

Is It Time to Rethink Parcel?

CHAINalytics

| By Jim Haller | Senior Manager, Parcel Optimization | Chainalytics | Historically for most organizations, parcel spend made up a much smaller component of their transportation spend as companies focus their procurement efforts on truckload and LTL.

How the best shippers manage capacity challenges

DAT Solutions

Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. – David Domencic, Senior Manager of Transportation Procurement, Armada Supply Chain Solutions.

How the best shippers manage capacity challenges

DAT Solutions

Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. – David Domencic, Senior Manager of Transportation Procurement, Armada Supply Chain Solutions.

330 Procurement & CSR Leaders Gather at Sustain16, Drive a New Era of Data-Driven Transparency & Collaboration

EcoVadis

What an immense showing of commitment to sustainable procurement we witnessed Tuesday for Sustain16! Over 350 participants and speakers from almost every industry from chemicals to film production to air transportation to FMCG and everything in between.

The Importance of Change Management to a Successful Transportation Management Outsource

CH Robinson Transportfolio

We’re sharing his original post here because transportation management is always a relevant topic. Please share your thoughts and read the blog post, The Importance of Change Management to a Successful Transportation Management Outsource.

5 Ways a TMS Can Help You “Go Green”

Talking Logistics

One of the easiest ways to get started is by investing in a Transportation Management System (TMS). Transportation optimization is another option offered by some TMS providers.

Flatbed Procurement: What’s Your Strategy?

CH Robinson Transportfolio

Flatbed Procurement: What’s Your Strategy? It’s important to recognize that where you fit within the seasonal nature of the flatbed market can impact how you build the rest of your flatbed procurement strategy. Do you conduct procurement events often enough and at the right time?

What Do Shippers Want? The Right Mix of Technology, Managed Services, and Advice

Talking Logistics

and “What is a transportation management system?” This reality was underscored for me at the recent CLX Logistics Annual Customer Conference , where I delivered a keynote presentation on “Important Skills and Attributes Tomorrow’s Transportation Leaders Must Have” (a topic for a future post). Some of them have their own internally-developed transportation management system, while others, like CLX Logistics, have strategic partnerships with software-as-a-service TMS vendors.

Carriers, You’re in the Information-Handling Business Too (Takeaways from McLeod Software User Conference 2015)

Talking Logistics

At the recent McLeod Software User Conference , however, I delivered a keynote address to over 1,000 attendees, and most of them were carriers and transportation service providers. How do you plan for the future of transportation?

Research in Focus: Do You Get What You Pay For in Truck Transportation?

Talking Logistics

That was one of the research questions explored by Nane Amiryan and Sharmistha Bhattacharjee, graduate students at MIT’s Center for Transportation & Logistics (MIT CTL), in a project sponsored by C.H. Research in Focus Transportation Management C.H.

The Invaluable Role of a TMS in Managing Full Truckload Shipments

Cerasis

The Freight & Transportation Management Trends to Know in 2018. Essentially, frequent putting is indicative of shippers constantly shopping around for the lowest cost deal, and since the carrier is less likely to secure the actual transaction and transport such items, carriers will charge more. A TMS is like a procurement expert, allowing for the continuous benchmarking of shipping activities and giving shippers insights into freight spend.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Procurement departments must take the full burden of ensuring supplier consistency. Transport Loss. Where risk exists, the risk of losing the ability to transport goods exists.Even carriers with strong networks may suffer setbacks considering risk, so having a plan to overcome these issues is key to success. Subscribe Here! Email Address.

Do You Know When it’s Time for a Freight Review?

Logistics Bureau

When companies look for freight transport providers, they often base their search and selection process primarily on the needs of the moment. Transport companies can grow, downsize, or change policies and practices. Articles Benchmarking Cost Saving

Health Check Your Supply Chain for Inefficiencies

Talking Logistics

Depending on your industry sector, transportation and logistics costs (as a percentage of sales) may range up to 14% or even higher for companies with an inefficient or outdated logistics set-up.

How to Be a Preferred Shipping Customer: Strategies for the Coming Capacity Shortage

Talking Logistics

One challenge to this approach, however, is that many shippers focus exclusively on price when making their transportation decisions. Customers with a strict ‘procurement mindset’ overlook important factors like consistency, overall experience or past performance. The result: Ventura has a 97% tender acceptance rate and scores much better than average on a wide range of industry benchmarks. Business has been improving for the U.S. trucking industry.

Resin prices vary a lot more than you think! RTi helps you understand why.

NC State SCRC

RTi, based out of Forth Worth, TX, is working with NC State’s Supply Chain Resource Cooperative, attracted by our strong program in procurement and supply chain, the focus on analytical thinking and modeling, and the mix of engineering and business students who work on projects with our industry partners. Pete shared with me that “we need to bring in young people who have an interest in procurement, because most of the information we develop is used in procurement negotiations.