The Logistics & Supply Chain Management Society

AUGUST 20, 2020

Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Today many companies spend countless hours reviewing contracts to track and review amendments to original documents. Freight Management. Freight management is driven by time-critical, manual tasks.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Talking Logistics

JUNE 30, 2015

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. Going forward, it is vital that shippers analyze their freight spend and if required renegotiate their rates regularly to remain competitive.

Negotiating Skills 100

Negotiating Skills Manufacturing Procurement Procurement Material Savings 100

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

The Logistics & Supply Chain Management Society

APRIL 19, 2023

– How Logistics is Harnessing the Power of the Sun by Timothy Foote , Founder of Susymbio We all know that our sun’s power is the main energy source for life on Earth. Using the Sun to Cut Emissions Solar power generation is generally considered as the low hanging fruit for companies that want cut their green house gas emissions.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Expense Reduction Supply Chain Software Logistics 130

Zipline Logistics

AUGUST 14, 2020

Despite a pandemic that has disrupted many parts of the global supply chain, the freight market has been on a recent tear. Current outbound tender volume is up 34 percent over 2019 and 38 percent over 2018 in year-over-year comparisons. What’s Causing Upward Freight Market Trends? What Is Next for the Freight Market? .

Freight 52

Freight Manufacturing Procurement North America Scenario Planning 52

Logistics Viewpoints

AUGUST 12, 2022

Earlier this week, the company announced that it will acquire Italy’s Bomi Group, which provides global healthcare logistics services. The same schedule will apply for surcharges on oversized shipments, those that exceed FedEx’s dimensional requirements, the company said. The companies did not disclose the terms of the deal.

Logistics Network Optimization Software 234

Logistics Network Optimization Software Modeling Logistics San Antonio 234

The Logistics & Supply Chain Management Society

FEBRUARY 16, 2022

Because tech investment in most large companies is made over years and years, the ability to accommodate for emissions data is usually something that has to be done outside of the usual management system data. Companies that are investing in technology now have some avenues to get the GHG emissions data.

Optimal Sourcing 246

Optimal Sourcing Optimization Software Real-time Visibility Logistics Network Optimization Software 246

ToolsGroup

AUGUST 1, 2022

” Yet, managing merchandise returns with a policy that prioritizes customer satisfaction does benefit your company in the long run–particularly when you consider the impact returns have on the purchase decision of both existing and new customers. 76% of consumers say free returns are important consideration factors when shopping online.

Retail 296

Retail Optimal Sourcing Purchasing Skills Procurement Solutions 296

Supply Chain Shaman

NOVEMBER 21, 2018

A decade later, as companies added planners expecting dramatic improvements, the market entered the trough of disillusionment. Yet, companies continued to invest primarily in ERP systems. . Supply Chain Risk Drivers: A Comparison of Risk. Companies want good plans, but they do not know how to define what good looks like.

Supply Chain Planning Software 202

Supply Chain Planning Software Forecasting Software Supply Chain Planning Demand Planning Software 202

Enterra Insights

JUNE 28, 2023

By having more efficient delivery routes, warehouses, and inventory systems in place, companies can reduce their operational costs while still delivering great customer service.” ”[7] Even back then, food, spices, salt, and other goods had to be sourced and moved. Logistics helps to create value. Keep up the good work.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Supply Chain Planning Software Logistics Supply Chain Design Software 130

20Cube Logistics

FEBRUARY 11, 2022

Additionally, when the ports are facing capacity crunch or the tariffs of ocean freight and container skyrockets, it iis airfreight that comes as the savior. With the current business scenario changing at a rapid pace, the freight forwarding industry is shifting its focus towards airfreight. Capacity Crunch of Ocean Freight.

Agile and Lean Supply Chain 74

Agile and Lean Supply Chain Supply Chain Planning Software Supply Chain Strategy Supply Chain Planning 74

Freightos

JULY 26, 2018

Not even B2B is spared from these changing expectations (which is why we at Freightos launched an online freight marketplace ). While freight industry executives likely sighed with relief when an update of Amazon’s logistics.amazon.com page on June 28th turned out to be nothing more than a franchise model for courier delivery services.

Logistics Network Optimization Software 161

Logistics Network Optimization Software Data Logistics Supply Chain Planning Software 161

Talking Logistics

SEPTEMBER 1, 2017

Freight Companies Scramble to Reroute Goods in Wake of Harvey (WSJ – sub. Robinson acquires Milgram & Company. LevaData to Transform Strategic Sourcing for Global Procurement and Supply Chain Leaders. The least impacted companies will be those that have been (among other things)…. Convey Closes $8.25

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Design Software Real-time Visibility Manufacturing Procurement 0

Enterra Insights

SEPTEMBER 20, 2019

We’re happy to be thought of in such fine company but the fact is that they are very different animals. For example, Ewing-Chow discusses an Israeli agricultural technology company called Seedo. Freight Farms calculates annual profit for each container to be an average of $39,000 annually.” Peters raises a note of caution.

Supply Chain Planning Software 160

Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software Optimization Software 160

Intelligent Audit

SEPTEMBER 1, 2022

Technology has moved businesses forward in creating efficient processes and gaining improved insights into transportation management and freight spend , but are you using these to your fullest advantage? This approach allows your company to create an optimized carrier network to work with the carriers that best suit your needs.

Optimal Sourcing 52

Optimal Sourcing Network Optimization Network Optimization Software Supply Chain Network Software 52

Intelligent Audit

MAY 6, 2021

technologies are creating new opportunities to digitalize the value chain and create sources of insight and opportunities to optimize networks in real-time.” Of course, that’s possible only if a company can visualize the full movement of freight and know when it makes sense, financially and strategically, to take those steps.

Optimal Sourcing 59

Optimal Sourcing Network Optimization Sourcing Strategies Resource Reduction 59

MIT Supply Chain

AUGUST 17, 2021

Our aim is to improve companies’ understanding of supply chain risk and resilience and help them contextualize the pandemic’s unique risk profile. A side-by-side matrix Our analysis is captured in the comparison matrix below. Disruption comparison matrix?—?Source: Source: James B. essential and nonessential.

Capacity 52

Capacity Supply Chain Design Software Supply Chain Design Supply Chain 52

GlobalTranz

JANUARY 30, 2015

It is important to know who is providing the source data used to develop your KPIs. If you are using components of source data outside of either you or your provider’s control, what are the means of auditing its accuracy? The methods of evaluating metrics or developing KPIs vary significantly from company to company.

Transportation 120

Transportation Data Analytics Software Optimal Sourcing 120

SCMDOJO

MARCH 28, 2023

It has become increasingly important for companies to embrace this emerging technology as they seek to adapt to rapidly changing environments and become more digitized. Even though adoption of blockchain is currently rare, it will become an essential tool for companies that want to continue their digital transformation in the future.

Supply Chain Design Software 111

Supply Chain Design Software Supply Chain Software Supply Chain Network Software Supply Chain Design 111

Talking Logistics

JULY 29, 2016

Freightos Launches First International Freight Marketplace to Power $2 Trillion Worth of U.S. In other technology news, Freightos announced “the launch of the world’s first online marketplace for international freight, providing instant comparison, booking, and management of freight services from multiple logistics providers.”

Logistics Network Optimization Software 0

Logistics Network Optimization Software Supply Chain Planning Software Optimization Software Demand Planning Software 0

Elementum

AUGUST 9, 2022

We’ll talk about why companies who are thinking ahead are building DfSC into their process, how they’re doing it, and how your company can do the same. The broadening of scope this backward step provides often saves companies from full on retreats. And “Is it easy to return if it doesn’t work?”

Supply Chain Design Software 78

Supply Chain Design Software Supply Chain Design Supply Chain Optimization Optimal Sourcing 78

GlobalTranz

JANUARY 19, 2015

than simple cost comparisons. So where should a company begin? Many companies are already doing it, and according to a recent BCG study, 54 percent of companies with over billion in revenues are now considering it. made goods to be sold in their stores, and this will drive even more companies to reshore.

Manufacturing Procurement 120

Manufacturing Procurement Purchasing Skills Buyer Training Manufacturing 120

Intelligent Audit

AUGUST 24, 2022

These cases show how machine learning in the logistics industry facilitates finding these anomalies, allowing the company to take action and correct the mistake. The Addepto article further shares ways companies can improve performance tasks with machine learning. Anomaly Detection in Freight & Shipping Data.

Optimal Sourcing 52

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

ThroughPut

FEBRUARY 23, 2024

Leveraging AI for demand forecasting means: You can analyze any amount of historical data and current trends from external sources to predict future demands more accurately. Embracing AI for supplier management within the supply chain translates to: Optimizing your sourcing decisions through critical data insights. The solution?

Predictive Analytics Software 59

Predictive Analytics Software Supply Chain Planning Software Optimal Sourcing Predictive Analytics 59

GlobalTranz

NOVEMBER 25, 2015

As we see this year, there are more cars on the road (meaning carriers want that attractive freight), and we are also seeing tight capacity. Don't let the bird not be the star of the show, make sure your freight is ready to go! That’s not just good news for consumers; capacity is opening up for freight carriers.

Turkey 120

Turkey Comparison Logistics Network Optimization Software Price Reduction 120

AFFLINK

JUNE 14, 2016

However, it can be difficult when the concept of "going green" is constantly evolving, and is often interpreted differently from one company to the next. Start at the sourcing phase, move into the assembly line, observe the transaction period between the customer and your company, and end at the customer’s final experience with your brand.

Waste Reduction 48

Waste Reduction Sourcing Strategies Resource Reduction Cost Reduction Strategies 48

GlobalTranz

MAY 20, 2015

When you choose a company to transport your freight or to supply you with the materials you need to manufacture a product, you are putting your hard work and reputation in their hands. It is often challenging for companies to keep employees up to date with the changing compliance landscape. New products introduction (NPI).

Procurement Analytics 120

Procurement Analytics Metrics Quality Supply Chain Planning Software 120

Logistics Viewpoints

JULY 19, 2023

As I have written about before, supply chain sustainability , or the notion of going green, is a hot topic as companies and countries look at their overall carbon footprint and look for ways to be more environmentally friendly. However, for top performing companies, these percentages jump to 52 percent and 60 percent respectively.

Sustainability 195

Sustainability Optimal Sourcing Logistics Material Savings 195

Logistics Bureau

JULY 17, 2018

SOURCE: Statista. If this is something that’s on the agenda for your company, one of the first things to consider is your ecommerce-logistics strategy, or to be a little more specific, whether you should set up operations inside Thailand or fulfill customers’ orders from outside the country. With the Thai government’s Thailand 4.0

Thailand 40

Thailand Cost Reduction Strategies Inventory Reduction Sourcing Strategies 40

Intelligent Audit

MAY 9, 2022

With ongoing recovery firmly in progress across multiple industries, one of the most significant challenges facing freight forwarders, supply chain managers, and transportation service providers is the issue of payment and freight bill payment service management. Standardize Shipping Cost Audits for Apples-to-Apples Comparisons.

Cost Reduction Strategies 52

Cost Reduction Strategies Expense Reduction Freight Material Savings 52

Intelligent Audit

MAY 19, 2022

Many expenses arise from these disruptions that impact the bottom line profits for shippers today; one of the most volatile and impactful is freight bill financing. Managing freight costs and freight payments , whether per mile, per load, or truckload is vital to overcoming the obstacles and disruptions currently plaguing the industry.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Optimal Sourcing Freight Expense Reduction 52

Intelligent Audit

APRIL 25, 2022

Freight audit data has long been a critical pillar for shippers dealing with domestic and international parcel shipping. With major ports such as Shanghai locking down, ocean congestion is only likely to worsen, leading to higher freight charges and more issues with supply shortages. A Review of Common Freight Charges.

Freight 52

Freight Optimal Sourcing Predictive Analytics Expense Reduction 52

Supply Chain Shaman

JULY 15, 2021

He asked a simple question, “Where will companies be spending money post-pandemic?” Few companies are good shippers. Labor shortages abound for road freight. The Freight Rates for a 40 foot container from China to the west coast of the United States is quadruple the price of a year ago. I so want the pandemic to be over.

Supply Chain Design Software 368

Supply Chain Design Software Supply Chain Planning Software Price Reduction Forecasting Software 368

Intelligent Audit

APRIL 1, 2021

While traditionally these programs are called freight audits, it isn’t solely about LTL or FT. While each shipping mode presents more complexity for managing the freight audit , having a single validated source of truth across your supply chain opens up endless possibilities for shipment and cost optimization. Consider this.

Freight 52

Freight Supply Chain Planning Software Logistics Network Optimization Software Optimization Software 52

Turvo

FEBRUARY 9, 2021

This is where freight data recording and analysis can help with the supply chain’s internal adding value. . The Costs of Not Using Freight Data in Managing Logistics. Freight Data Increases Market Share. This becomes best accomplished by taking advantage of freight data analysis. Best Practices in Using Freight Data.

Logistics Network Optimization Software 52

Logistics Network Optimization Software Freight Negotiating Skills Data 52

GlobalTranz

MARCH 24, 2015

Although it is certainly important for carriers and shippers to review industry averages in comparison with their own costs and profits, many may use these averages – or benchmarks – without proper conjunctive analysis and without fully understanding their costs and profits. Outbound freight costs as percentage of net sales.

Benchmarking 120

Benchmarking Purchasing Skills Analysis Cost Reduction Strategies 120

Intelligent Audit

SEPTEMBER 20, 2021

In the supply chain industry, the freight audit process can provide a competitive advantage for invoicing and cutting back costs. As reported by Supply & Demand Chain Executive , “As the shipping industry becomes more complex, so too does freight payment. What Is Freight Audit and Payment.

Analytics Software 52

Analytics Software Resource Reduction Cost Reduction Strategies Supply Chain Planning Software 52