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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.

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Logistics Procurement – Performance Management

The Logistics & Supply Chain Management Society

Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.

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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. These are the must-haves for any effective freight sourcing team. GET our EBOOK HERE.

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Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Tenders can take BCOs (Beneficial Cargo Owners) three to five months of preparation, but despite this, the fixed price often breaks down during peak season. Source: SGX, Freightos Baltic Index. But Does Fixed Ocean Price Procurement Need Fixing?

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How to Manage Supplier Risk and Performance in an Uncertain Global Economy

ivalua

The job of procurement is to ensure performance is as promised, risk is low and business objectives are being met through collaboration. Suppliers are a source of growth, innovation and efficiency, but if they are not managed holistically, they can be a source of risk, poor performance and noncompliance.

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Supply chain shockwaves from the Taiwan earthquake

Resilinc

These affected berths were crucial for handling tasks such as sand, bulk cargo discharge, and cruise operations. No damage has been reported at other ports across Taiwan, except for Hualien Port. Multiple wharfs at the port suffered bulging. Furthermore, an access road leading to the port incurred damage. On April 4, a 6.0

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CSR Initiatives in the Global Supply Chain

The Logistics & Supply Chain Management Society

In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. He was also in charge of carbon management and accounting and CSR reporting. Photo Credit: United Airlines. million gallons of SAF this year.