7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

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. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain

Cerasis

Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members. Unfortunately, many in the industry still uses the terms procurement and inbound logistics interchangeably, but procurement involves much more than merely managing the logistics of moving products from vendors and suppliers to your building.read More. Inbound Freight Effective inbound logistics management

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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy.

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

Cerasis

If raw materials are unavailable, all subsequent processes are affected, which may result in increased costs to consumers and the respective companies as well. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Internal tools have a way of making the company appear better than it truly is. As a result, more shipments can be placed on “fast lanes,” reducing overall freight spend and duration of shipments.

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. Supply chain professionals must also know how they will be shipping freight. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement. Brexit Will Continue to Cause Disruptions in Procurement.

Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course!

Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. Whether you’re in charge of ordering the “things” or managing how and where those things get from A to B, both sides of the procurement equation stand to benefit from freight procurement automation. The Challenges of Freight.

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. Decreasing capacity and increasing full truckload rates are expected to increase throughout 2018, reports Freight Waves. Conducting annual procurement exercises.

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

Full Truckload Technology: The Various Technology Involved in Full Truckload Freight Shipping Management

Cerasis

In full truckload freight management, technology will make or break plans for keeping freight spend in check. Demand for record-breaking speed of delivery and free shipping are only making the case for greater use of technology in full truckload freight shipping management, and shippers need to understand why. Amazon continues to push its own fleet forward, and the Big Box giants are willing to pay premium prices to get freight to market.

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

How many parts of your company act as independent silos? How many functions in your company conduct themselves like they are islands? One of the main problems in a functionally organized company is that those functions over time can become isolated from each other.

How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Ocean freight article and permission to publish here provided by Katherine Barrios at xeneta.com. Freight forwarders and shippers/BCO s are on a constant quest to have a better understanding of their ocean freight costs and ultimately have larger margins. Freight costs are considered by many forwarders and shippers to be a major part of their total shipment cost. Here are 15 tips for lowering ocean freight costs.

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Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX)

Freightos

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). Instead of looking at each of the top 500 NYSE and Nasdaq Composite companies every fifteen seconds, financial professionals get insights at a glance. The underlying premise dates back further, even for freight. By 1985, the Baltic Exchange published its first daily dry bulk freight index. A New Freight Index. For the numbers that chart out the current state of freight.

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods. Optimizing Rates Through Wider Selection and Multiple Bidding Rounds The only way to optimize rates in a spot rate driven procurement model is to use a wider selection of vendors and have multiple bidding rounds with them. Helped companies across different sectors reduce inefficiencies in supply chains.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

This includes flexible solutions that allow the logistics infrastructure to meet market fluctuations, and it serves as a safeguard for established companies looking for a way to stay competitive as more startups increase. Subscribe Here! Email Address.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

This includes flexible solutions that allow the logistics infrastructure to meet market fluctuations, and it serves as a safeguard for established companies looking for a way to stay competitive as more startups increase. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. “Logistics” and “Freight” both conjure up imagery associated with the movement and transportation of goods whether by truck, car, rail, ocean liner or any other form of transportation. What is Freight Management? But what activities are thus considered to be a part of Freight Management?

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

This rapid growth followed by market decline has led oil and gas companies to finally face reality — i.e., that they need to move up the supply chain maturity curve to enable profitable growth moving forward. Energy companies, therefore, are placing growing emphasis on finding and eliminating waste in their supply chains. Simply put, many oil and gas companies manage their transportation operations in a highly decentralized and fragmented manner with little or no technology.

Using Logistics Technology to Execute a Winning Inbound Freight Strategy & Have Compliant Vendors

Cerasis

Meanwhile, the importance of vendor compliance has grown more than ever as supply chains expand, explains Lisa Terry of Inbound Logistics, and companies look to trim the fat and optimize workflows to gain a competitive advantage. Fortunately, today’s logistics technology has the power to execute a winning inbound freight strategy and maintain compliance in the following ways. Using Logistics Technology to Execute a Winning Inbound Freight Strategy & Have Compliant Vendors.

How Freight & Transportation Data Can Trim Your Transportation Spend

Cerasis

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Accurate freight and transportation data is particularly important. Transportation spending is a perennial target of budget-cutting exercises, and a large, multi-faceted cost center for many companies; some may spend three to six percent of their materials costs on transportation. Identify factors that impact your freight shipping costs.

Key Points for You to Consider in the TMS Procurement Process

TMC

There are many reasons a company might be in the market for a transportation management system (TMS). Regardless of your company’s size or reason for wanting to implement a TMS, there are several key points to remember as you work through this transformative process.

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

Supply Chain Network

Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. Here’s the cliff-note version of the results; the full report is worth a thorough read : Transportation planning is sorely inefficient: According to the survey, only 25 percent of buyers are using a completely systems-based approach for procurement. Over time, missed savings are multiplied, and company profitability suffers. .

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. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing? Remember iPods?

Five Technology Trends That Will Change Global Freight

Freightos

Five Tech Trends That Will Change Freight. Speaking of Amazon, the titan has never been as imposing, to so many companies, in so many sectors, as they are currently. Increasingly they are running procurement and logistics departments. VC ❤️ Freight Startups. In a decade’s time, freight will likely still be moved in containers and boxes on airplanes and ships. Moving data better means moving freight better. A whopping $13.92

Why Do 3PL Companies Need Route Optimization Software?

Abivin

Meanwhile, Route Optimization Software is proven to boost operational efficiency by solving vehicle routing & scheduling problems which thousands of 3PL companies are struggling with. Have you wondered what exactly can route optimization software do to make it attractive to 3PL companies? This article will show you 6 main reasons why 3PL companies should use route optimization software.

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Key Points for You to Consider in the TMS Procurement Process

TMC

There are many reasons a company might be in the market for a transportation management system (TMS). Common supply chain challenges that lead to a TMS purchase include procurement and transportation operations living as two separate functions, lack of visibility to freight movement, and limited control of freight from inbound suppliers. Procuring a TMS starts with an investigative process. Procuring a TMS suite is not a trivial exercise.

Blockchain in freight forwarding – Is it the next big thing?

20Cube Logistics

Supply chain involves procurement, creating orders, packing, shipping and distribution of goods, etc., How will blockchain impact freight forwarding? With the new technology, blockchain, it is possible for purchasing agents or consumer to know from where products are procured and what it takes to transport it. It becomes easier for companies and individuals to bring in ethical procurement practices in place.

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. Phil adds that something else has contributed to declining freight rates. Knowledge is power, and this knowledge is keeping freight rates at low levels. It’s not just freight rates.

Freight and Logistics – Breaking the Traffic Jam that is your Supply Chain!

Supply Chain Game Changer

Any traffic jam will slow your Supply Chain, and your Company, to a snail’s pace, if not stop it altogether. Your company may be adding more parts, more finished goods, or taking many more customer orders. Freight #Logistics #SupplyChain #SCM #Distribution #Transportation.

7 Ways Transportation Companies Can Improve Customer Experience

MercuryGate

About keyboard_arrow_down About keyboard_arrow_down About Careers Learn how easy it is to become a leading voice for a company that cares about your achievements. Company Discover the company who is revolutionizing the transportation management industry. search. close.

The Challenges & Steps in Procuring a Full Truckload as a Shipper

Cerasis

As a shipper, it can be hard to procure full truckloads, and small and mid-sized shippers suffer from an exacerbated version of this problem. Shippers face tightening capacity, higher rates, and demanding consumers, and procuring a full truckload may be the last thing on their minds. In reality, procuring a full truckload as a small or mid-sized shipper comes with unique challenges. Will the freight be competitive? Full Truckload Procurement

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. will lead to more effective utilization of company assets, lower costs, and better customer experiences. . Data Freight

An Overview of the Freight Brokering Business in 2015

Cerasis

Editor's Note: This is a blog post about the state of the freight brokering business in 2015. Cerasis is a freight broker and holds a $250,000 TIA Broker Bond. Many shippers have been burned by freight brokers who work on behalf of the shipper for transportation procurement, accounting services , freight claims management , and more. If you are a shipper, this post will bring light to you on how the freight brokering business works.

Differences Matter in EU and U.S. Transportation Procurement

TMC

As companies expand globally through mergers or organic growth, many are faced with the decision whether to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. To obtain the most effective results, best practice requires adaptations to truckload procurement strategies. In this post, I’ll shed some light on the chief differences between Europe’s truckload procurement practices and those in the United States—and why it matters.