Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Fixing a price is almost futile in a volatile market, and ocean freight now has much more volatility (both frequency and magnitude) than most other commodities. Remember iPods?

[e-Book] The Most Impactful Supply Chain & Logistics Trends in 2017

Cerasis

“The problem with trends is that they are like a freight train gaining speed; everyone can see the train, but at what point do you say the train is really moving at speed?” – Steve Banker from a recent Forbes article. Download the all new Cerasis e-book "The Most Impactful Supply Chain & Logistics Trends in 2017" by Filling out the Form Below. We hope you enjoy this new e-Book. Download all of our educational e-books here. e-Books Logistics Supply Chain

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Writing: Working on My Book

Supply Chain Shaman

My kitchen table is piled high with interviews for the upcoming book, Metrics That Matter. Writing a book is a labor of love. It is my second book. To give readers a sneak peek for the book, here I share my interview with Peter.

[e-Book] How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage

Cerasis

We release our second e-book today by focusing on strategic logistics and transportation management creates a competitive business advantage for shippers. You can download our first e-Book, "The Future Of Supply Chain, Logistics & Manufacturing: How Technology Is Transforming Industries" here. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost.

Book Now: Instant bookings with your trusted carriers

Parade

We’re proud to announce Book Now: a feature that enables Parade freight brokerage customers to securely digitally book a load end-to-end with their trusted carriers. One way to express your trust is to enable these trustworthy carriers to digitally book your available freight.

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

Peak season for ocean freight shipping is underway. There may be instances where you will have to work more closely with carriers and book further in advance to ensure you can meet critical deliveries. All of this will cause a tightening of space for ocean freight shipping.

Why Digital Freight Is About So Much More Than Price

Freightos

Using data from the Freightos Marketplace, he explores how users prioritize freight procurement and what it means for the future of international freight. . You see, in freight, as in shoes, low prices are what pique a buyer’s interest. B2B E-commerce Freight Insights

How Freight Disrupted Itself: The View From Within A Changing Industry

Freightos

How Freight Disrupted Itself. In the last year, a new dynamic has begun to reshape the freight industry. Phil knows his (freight) stuff. In his PhD thesis he developed a product to secure ocean freight rates with financial derivatives. Declining Freight Rates.

Big Data, Dynamic Freight Pricing and Bid Savings (maybe)

Cerasis

Editor's Note: This is a blog from our friend Augie Grasis who shows us how big data can work to our advantage with dynamic freight pricing. Such is the case in the LTL freight industry as well. . The most progressive carriers are tracking their every move by collecting data about every aspect of their business and every piece of freight they move. One example of the utilization of Big Data is dynamic pricing of LTL freight. Data Freight

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. If you haven’t seen the movie or read the book, it is a great story in leadership. Does procurement add to top line revenue. I can see the light that will maybe be a freight train someday.

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. SCM #SupplyChain #Technology #Logistics #Freight #Purchasing #Procurement #Business.

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory.

10 Supply Chain Investment Challenges – Real and Imagined!

Supply Chain Game Changer

Ten years ago artificial intelligence, chat bots, and advanced robotics were the stuff of science fiction movies and books, not technologies to be used in your Supply Chain. SCM #SupplyChain #Technology #IoT #AI #Logistics #Freight #Procurement. Subscribe Here! Email Address.

The Baby Supply Chain!

Supply Chain Game Changer

plastics, wood) result in an endless array of toy and book products. SCM #SupplyChain #supplychainmanagement #logistics #freight #transportation #distribution #procurement #baby. Subscribe Here! Email Address.

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Book Now: Instant bookings with your trusted carriers

Parade

We’re proud to announce Book Now: a feature that enables Parade freight brokerage customers to securely digitally book a load end-to-end with their trusted carriers. One way to express your trust is to enable these trustworthy carriers to digitally book your available freight.

Why We Bought Freightquote

CH Robinson Transportfolio

As a result, customers can go to the site, get a quote, and book a load in a completely self-service platform. Business Customers Freight Services Technology Ecommerce Freightquote Innovation LTL ltl procurement Truckload

3 Key Differences Between EU and U.S. Truckload Procurement

CH Robinson Transportfolio

Truckload Procurement | Transportfolio. Some firms want one truckload procurement process that works everywhere. Truckload Procurement. Truckload Procurement | Transportfolio. This is because: Shippers do not actually commit to freight volumes.

Airfreight Forwarders and Carriers Prepare for Holiday Season

Logistics Trends and Insights

Robinson, air freight pricing has increased between China and the U.S. Panalpina, DHL Global Forwarding and Flexport are among forwarders that have added additional air freight capacity this year. In its latest report, IATA notes that available freight ton kilometers (AFTKs) grew by 3.8%

Experts Choice Of Top Online Logistics Resources

Freightos

So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking.

A Strategy for Shippers When Markets Telegraph Lower Freight Rates

Supply Chain Collaborator

When broader market rates for truckload freight change significantly, shippers can find themselves paying prices for shipments well outside of what current market rates should dictate. It would seem, shippers are currently experiencing this situation today as the markets telegraph lower freight rates. Here’s the rundown of today’s rate environment and what smart shippers can do to protect their freight spend.

Disruption in the Freight Brokerage Industry: How to Secure Your Brokerage’s Future

Parade

Freight brokerages and logistics companies with capital are aggressively purchasing other companies with technology assets— this behavior has been accelerating, with a different acquisition or merger taking place every two weeks. big disruption in the freight brokerage industry is coming.

This Week in Logistics News (April 29 – May 3, 2019)

Talking Logistics

Indago is a Latin word that means “to investigate, search out, try to find/procure by seeking.”. Moving on, here’s the supply chain and logistics news that caught my attention this week: Amazon’s Freight Push Rattles Logistics Sector (WSJ – sub. Amazon the Freight Broker.

Should We Celebrate this Marriage?

Supply Chain Shaman

in to transportation management to drive routing information and booking optimization). Examples include alternate sourcing, bill of material changes or alternate modes/routing between the planning, procurement and transportation.) E2open is acquiring INTTRA pending federal approval.

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The Top 10 Supply Chain Blog Posts from 2017

Cerasis

Today, is day two of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation Management , Freight. As each year comes to a close, we all look back on the year that was in reflection.

Real-time Capacity Matching: Making Brokers More Efficient

Talking Logistics

The real-time freight visibility space was particularly hot in 2017, with two major acquisitions announced last year, including Descartes’s acquisition of MacroPoint in August 2017. Visibility Enables Faster Procure-to-Pay and Order-to-Cash processes : for example, you can leverage Electronic Proof of Delivery (ePOD) and geofencing to initiate invoicing and payment process. . is what drove the first wave of demand for real-time freight visibility solutions.

Global TMS: An Always-Evolving Roadmap

Talking Logistics

This complexity is certainly evident in global logistics and ocean shipping, where shippers encounter many barriers to enabling a streamlined process, including: Inefficient Processes : A lot of shippers resort to manual processes to procure capacity and communicate shipment details with the many parties involved in ocean movements. Drayage Management : Inability to synchronize ocean booking with drayage loads for seamless movement between land and sea.

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Supply Chain Visibility Not Just a Requirement for the C-Suite, But a Responsibility in Management

Cerasis

Data can indicate issues with procurement , product quality, and delivery. They are leaning towards a multi-dimensional approach and more consideration is being shown towards the causal relationship of procurement on operations.

6 Key Supply Chain and Logistics Trends to Watch in 2017

Logistics Bureau

For example, when you book accommodation on AirBnB, do you think of yourself as: a) Making a purchase from a travel-oriented service provider? Shippers can easily find space for their goods on a truck using “Convoy”, a form of crowd-sourced freight service.

Lessons from CMA CGM, Maersk and K+N on Transparency and Digitalization

Freightos

Which explains why Mr. Saadé also revealed that CMA CGM will launch an online sales and booking platform, nicknamed Freddie, in Summer 2017. Just a few weeks back,CMA CGM joined Maersk in announcing a partnership with Alibaba for direct digital bookings. Freight Insights LogTech

Introductory Guide to Spend Analysis - SupplyChainOpz

Supply Chain Opz

While a big chunk of cost lies within procurement, manufacturing and distribution activities, cost reduction from procurement function seems to deliver substantial savings quicker. However, some companies have thousands of payment transactions a month such as freight bill payment.

[WHITE PAPER] Background, Challenges, Process, and Best Practices for Full Truckload Shipping

Cerasis

The Process of Booking a Full Truckload Shipment properly. In the modern era, it can be difficult for shippers to identify the best way to achieve cost savings, reduce risk and ensure optimal use of time in the procurement of transportation. . Freight Full Truckload Logistics Transportation Management White Papers

Top 8 Online Logistics Tools For Logistics Professionals

Cerasis

Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions. Most logistics prefer integrating the use of this app to automate procurement and replenish other processes to raise the profit margins. The Cerasis Rater eliminates the manual process of booking shipments. Upload, store, and maintain your shipper address book with pre-population to maintain accuracy and save time.

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The Top 5 Transportation Management Blogs of 2016 …So Far

Cerasis

Today, we wrap up our series on the top 5 blogs in our 4 main categories ( Freight , Manufacturing , Logistics , and Supply Chain ). But, knowing where LTL shipping mistakes are likely to occur can help shippers ensure their freight is delivered according to their expectations and needs. e-Book] 8 Big Factors to Consider for Efficient LTL Shipping. Simply fill out the form to get your copy of the e-book right into your email inbox!

The Top 10 Logistics Blog Posts from 2017

Cerasis

Today is day three of our annual year-end series highlighting the top blog posts in each of our 5 main categories: Manufacturing , Supply Chain , Logistics , Transportation , Freight. e-Book] The Ultimate Guide to Last Mile & White Glove Logistics.

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

Visibility : A TMS makes it easier for a logistics manager to have freight visibility along the way so that everyone involved, including the customer knows exactly where the shipments are at any time. Freight Technology TMS Transportation transport management system

Is Inventory Waste or an Asset?

Supply Chain Shaman

While forecast accuracy, if used well, can reduce safety stock, what I find in the study of the global multi-national is the rise of cycle stock due to increased item complexity, and the increase of in transit inventories due to longer freight lanes and longer cycles in ocean transportation.

Report Points to Increase of Shippers Outsourcing Transportation Management Due to These 4 Core Benefits

Cerasis

A distributor or manufacturer’s strength is in making product—its focus is procurement and streamlining production, but without the capability to fulfill orders, it is doomed. From hailing a cab, to finding a date, to getting a mortgage, or booking a flight, technology continues to bring down the walls of complexity offering a seamless, always connected, and device-agnostic experience for almost any major function of life and business.