article thumbnail

Resilience by Design: The Power of Simulation in Supply Chain Strategy

Logistics Viewpoints

Supply chain network design (SCND) is a powerful tool for improving business operations. It can be used to solve a wide variety of supply chain problems. Simulation techniques can fill those gaps and allow for a more holistic view of a company’s supply chain. But it has gaps.

article thumbnail

Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How to Procure Full Truckloads in Tight Capacity

GlobalTranz

Unfortunately, the use of full truckload shipments and expenditures have hit an all-time high, reports Kate Patrick of Supply Chain Dive. The Great Capacity Crunch: The Current State, Future Outlook, & How Shippers Can Thrive in Any Capacity Crunch. Conducting annual procurement exercises. Download eBook.

article thumbnail

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

article thumbnail

Procurement strategies shifting to restore growth post-COVID-19, reveals Ivalua research

ivalua

Ensuring supply chain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic. Procurement priorities have also become more strategic, as organisations focus on improving supply chain resilience and boosting growth.

article thumbnail

Procurement Strategies Shifting to Restore Growth Post-COVID-19, Reveals Ivalua Research

ivalua

Ensuring supply chain continuity, identifying new revenue opportunities, and improving decision making are key focuses as firms recover from the pandemic. Procurement priorities have also become more strategic, as organizations focus on improving supply chain resilience and boosting growth.

article thumbnail

Capacity Crunch Strategies: How Does a 3PL Aid a Shipper in a Shipping Capacity Crunch?

GlobalTranz

A shipping capacity crunch is a necessary evil. Unfortunately, a shipping capacity crunch tends to occur during already stressed periods, like winter, after tropical storms and during peak shopping seasons. 3PLs Bring Better Freight Shipping Rates During Shipping Capacity Crunch Hikes. They Have a Bigger Carrier Network.