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Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable. So, why do supply chain managers not take advantage of this data with respect to procurement?

Is Inventory Waste or an Asset?

Supply Chain Shaman

We were discussing the results of the planning benchmarking work that we have just finished, and I was sharing some insights on inventory management when one of the panelists emphatically stated, “Inventory is a waste to manage. We feel so strongly about this that we do not have an inventory planning role.” His feeling was that inventory is an asset to manage. Inventory is both. Companies need to carefully manage the asset and mitigate the waste.

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The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

In order to implement this visibility, it is crucial that companies take into consideration many elements. One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

It has been a huge challenge to understand what is changing moment-to-moment, let alone predicting what will happen, so eft by Reuters sat down in a webinar with experts working at the coalface of inventory planning and distribution to understand what can be done to survive and thrive. Visibility is the centrepiece … not only in terms of where my inventory is, in which channel, and where to move it, but also in consumer demand, and how can I be ahead of that game and forecast the demand?”

Overcome Foodservice Disruptions: Focus on Technology, Service Networks, and Transportation

CH Robinson Transportfolio

Those companies who successfully adapt their businesses, and their supply chains, to be more flexible and resilient will find the most success in the long term—even in the face of closures or restrictions. Understanding today’s transportation market. Changing transportation strategies.

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. Procurement

Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. And, what are some of the key factors retailers need to consider when developing their transportation plans?

Want better supplier adoption of your procurement portal? Start by asking your own sales staff.

OneSCM

In my conversations with mid-market companies looking to implement supply chain improvements, supplier adoption routinely ranks near the top of concerns. A good portion of the value provided by automating procurement and payables processes comes from the labor and cost savings generated from fewer errors and less manual work. The procurement portal has to have enough transactional volume running thru it. Step 1: Talk to your own company’s sales staff.

Third Party Logistics Company

LeanCor

When dealing with the inherent complexities of supply chain logistics, many companies come to a point when they may wish to use a third party logistics company to manage their supply chain. Using a third party logistics company to manage the supply chain frees up your company’s resources and allows your business to focus on its own core competencies. However, cost-cutting should not be the sole reason for choosing a third party logistics company.

IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Integrate all supply chain systems, increasing savings in transportation management, procurement and everywhere in between.

Electronic Data Interchange or EDI in Transportation: Breaking Down What it is and How It Works

Cerasis

Today begins our series about electronic data interchange or EDI in transportation. We take pride at Cerasis, as a third party logistics company who has developed a proprietary web-based transportation management system , to offer technology solutions to our shippers so they may remain as efficient as possible and have access to information at their fingertips. Let’s back up a bit before we specifically address EDI in transportation. EDI In Transportation.

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. Transport optimization typically reduces spend by 5-15%. Domestically, companies can handle extensive networks of cross docks.

Transportation, Planning, and Omni-Channel Fulfillment

Talking Logistics

But when PwC asked CEOs in a recent survey ( Global Retail and Consumer Goods CEO Survey: The Omni-Channel Fulfillment Imperative ) what areas most needed their additional attention to achieve omni-channel fulfillment, 88 percent said it is their transportation and logistics operations. Transportation is an Afterthought. Other data from the JDA Vision study help explain why profitability has been a challenge, and why CEOs feel they need to focus on transportation improvements.

Using Lean to Manage Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Pull (Lean principle: Kanban) : Move inventory only when requested by a customer. Subscribe Here! Email Address.

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Where Do the Savings from Managed Transportation Services Come From?

Talking Logistics

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend.

[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. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. This is especially relevant for third-party logistics and transportation management service providers, whose service fee is based on reducing cost and streamlining the shipper’s supply chain.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. A 2016 Accenture survey, reports RF Gen , explained how more companies are taking advantage of AI benefits through linked supply chains. Essentially, a supply chain that is linked together is more responsive and intelligent than individual workers or silos within the company. Procurement’s Role Did Become More Important.

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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. The responsibilities, metrics, skills, strategies and mandates for each function can cause people to put their functional focus ahead of the greater company objectives. The Link Between Your Company Silos!

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. These are based on my 40 years working in operations at Schwinn and other companies as well as consulting many companies on how to select the best 3PL for my client's needs. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock.

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Top 8 software every FMCG company should invest in

Abivin

Here are the top 10 softwares other than ERP that every FMCG company should invest in to improve their quality and quantity of products and services. Choosing a suitable software for your FMCG firm is necessary as it must be tailored for complicated and multi-tier distribution systems involving numerous distributors, retailers, the company and its end users. A transportation management system might be the key to lessen your burden.

Looking For a Job? Here’s The Top 10 Transportation Jobs

Cerasis

Editor's Note: Today's blog comes from our friend Michael Stoddard who shares the top 10 transportation jobs in the industry. If you happen to find yourself searching for careers in logistics, transportation and supply chains, you'll be happy to know that there's no shortage of positions. Getting into transportation is a different topic entirely, one that demands a separate, more intricate look. Transportation Manager. Inventory Managers. Transportation

7 Questions: How Oil and Gas Companies Can Save on Transportation

CH Robinson Transportfolio

But if you answer “yes” to any of them, you may be making common supply chain errors that can dramatically increase transportation spending. Do your suppliers pay the shipping costs for your procurement material? Suppliers who ship product to you and bill you one price for the product plus transportation have no incentive to be economical in their choice of a carrier. Unbeknownst to you, some may even be marking up the cost of transportation.

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Using Lean Management for Inventory!

Supply Chain Game Changer

What is Lean Inventory Management? More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. What is Lean Inventory Management? Flow: Understand how inventory flows in your warehouse and apply Lean principle: 5S to clear any obstacles that do not add up.

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The Digital Transformation Journey: The Alignment of Industry, Company, and Technology

Talking Logistics

Inventory stockpiling is starting to occur based on prices and supply/demand curves. Companies looking to contain logistics costs have to use creative solutions, like digital technologies to overcome price increases and capacity shortages. Technologies such as the Internet of Things, artificial intelligence, big data, machine learning and the cloud are changing the way people and companies interact and do business.

Florence Et Al.

Supply Chain Shaman

As shown in Figure 1, most companies know the geographical location for their first tier suppliers, but only 37% know the location of second and third tier providers. Thirty percent of companies have supplier development groups. It is now closed at the start of a busy shipping season as companies prepare for holiday inventory builds. Transportation will become more variable; and even scarce. Work closely with transportation carriers.

E2open Acquires Transportation Management Systems Provider Cloud Logistics

E2open

Cloud Logistics Brings Same-Day, Rapid-Deployment Transportation and Logistics Management to E2open’s Industry Leading Business Network. AUSTIN, TX – October 1, 2018 – E2open , the one place in the cloud to run your supply chain, today announced the acquisition of Cloud Logistics, a leading innovator of transportation management systems (TMS) for the global supply chain market. in the March 2018 Magic Quadrant for Transportation Management Systems. MONDAY 01 OCTOBER 2018.

3 Technology Companies Disrupting Shipping

FLEXE

FLEXE , Flexport and Convoy –three technology companies adding flexibility to the supply chain–,recently hosted the first Peak Logistics breakfast in Seattle, Washington. The founders of each company came together to discuss the overlap of technology and logistics and how it can be used to solve every day problems. I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. So Convoy is a trucking company.

Zara – The Benefits of Agile Procurement / Supply Chain

ivalua

As companies reassess their supply chains in light of the Covid-19 pandemic as well as growing pressure to improve sustainability, some lessons can be learned by taking a look back. The key to Zara’s ability to establish an agile Supply Chain rests on the following unique approaches: Procurement Methodology: Zara’s Procurement team doesn’t work on the number of finished clothes but on the quantity of raw materials needed to manufacture the clothes.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. Supply Chain often offers the opportunity to learn to work with people not only in your own company but in other company.

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Streamlining and Automating the Procure-to-Pay Process

Talking Logistics

Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. What are the current challenges companies are facing in their efforts to streamline and automate their P2P processes? How is technology helping companies achieve their objectives? The order procurement black hole.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

These 36 innovative companies have figured out how to hack their operations, gaining some financial or media recognition for their methods. In addition to cutting the need for outsourced manufacturing, this move could give the company a leg up on the competition by making it possible to get products in the hands of consumers faster. The new facility will allow the company to offer two-day shipping to most (about 90%) of the U.S.

Is it time to integrate your supply chain design with execution?

JDA software

Customer expectations for product availability and seemingly endless purchasing channels are driving many companies to move product faster and smarter than ever before. Today, a company’s success is largely driven by: its network design and how that company manages its supply, production and distribution locations. its inventory management and where and how well it deploys inventory to optimize customer service levels and profitability. Inventory management.

Shippers: One Action Could Save You Millions on Inbound Transportation Management Costs

BluJay Solutions

Continuous scrutiny of supply chain processes has become the norm as companies look for ways to drive down operating costs through business process improvements. But even in doing so, one area that is overrun with inefficiency is often overlooked – inbound transportation management. The top 8 improvements we have seen achieved in inbound transportation are: Cost savings from: More efficient use of equipment and fuel. Lower inventory levels.

Time to Squeeze Carriers for Better Rates?

Talking Logistics

So, that tells me that the inventory situation continues to weigh on truck freight volumes. The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, dropped 0.4 A few years ago, when the market was similar to today, I wrote about a Fortune 500 company that could have saved millions of dollars in transportation costs by putting its freight out to bid.