Discussing the Lessons Learned in Transportation Procurement Management
Talking Logistics
DECEMBER 12, 2022
The post Discussing the Lessons Learned in Transportation Procurement Management appeared first on Talking Logistics with Adrian Gonzalez.
Transportation Procurement: Finding an Alternative
Talking Logistics
JANUARY 11, 2021
Many companies are getting ready for (or perhaps have already completed) their annual transportation procurement engagement. But has the time come to transform the transportation procurement process? Read more Transportation Procurement: Finding an Alternative.
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[Video] Discussing the Lessons Learned in Transportation Procurement Management
Talking Logistics
JANUARY 22, 2023
Read more The post [Video] Discussing the Lessons Learned in Transportation Procurement Management appeared first on Talking Logistics with Adrian Gonzalez. Read more
Freight Procurement is a Different Game
Logistics Viewpoints
SEPTEMBER 4, 2023
Procuring transportation for freight is much different than any other procurement category. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters. Procurement ran a request for proposal event.
How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain
Speaker: Adam Robinson, Director of Marketing, Cerasis
We’ll address how automation in the supply chain will provide employees with the following: More Strategic Procurement. Improved Supplier/Vendor Management (Automated buying on an e-commerce website for repeat orders, automated freight pickups for inbound delivery, automated tracking alerts).
Strategies, Tips, and Pitfalls of Modern Transportation Procurement
Logistics Viewpoints
FEBRUARY 20, 2020
The biggest constant in transportation today is changing. It is forcing companies to rethink how they plan, optimize, execute, and collaborate with trading partners. The post Strategies, Tips, and Pitfalls of Modern Transportation Procurement appeared first on Logistics Viewpoints.
What Is Transportation Optimization and What Does It Have to Do With Managed Transportation
GlobalTranz
JULY 28, 2021
Additional opportunities can be reached through transportation optimization whether using a 3PL or 4PL. It's important to understand how transportation optimization can work well with managed transportation service providers to attain that goal. Defining Transportation Optimization.
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5 Things to Look for When Vetting Logistics Transportation Services
GlobalTranz
AUGUST 18, 2021
Vetting 3PLs and transportation management services providers is a complex topic and shippers may not know where to begin. To find the right logistics transportation services partner for your unique business needs, shippers should consider these five crucial characteristics. . Focus on Carrier Procurement and Management.
Transportation Strategies for Continued Success
Logistics Viewpoints
AUGUST 25, 2021
The three traditional methods are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS). A TES is generally mode specific and lack optimization capabilities, but for shippers with simpler transportation requirements, that is often all they need.
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?Best Practices to Improve OTR Transportation
GlobalTranz
NOVEMBER 30, 2021
Managing OTR transportation through disruption is a complex process. We’re sharing seven best practices to improve OTR transportation management, enabling shippers to stay competitive in the face of disruption. Analytics provides visibility into your transportation network and operations. Across OTR Transportation Modes.
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MIT Center for Transportation and Logistics with Chris Caplice
The Logistics of Logistics
FEBRUARY 24, 2023
Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supply chain topics. Chris is a Senior Research Scientist at MIT and serves as the Executive Director of the MIT Center for Transportation & Logistics (CTL). He received a Ph.D.
Top Transportation & Logistics Influencers
The Logistics of Logistics
NOVEMBER 5, 2021
Original article: Warner’s Top Transportation & Logistics Influencers. In light of the global environment in the past year and a half, we listed the top transportation & logistics influencers. The road hasn’t been easy for the transportation and logistics industries. miles of freight is expected to reach 7.67
Why Organizational Alignment is Critical to the Supply Chain Response
Supply Chain Shaman
MAY 15, 2023
When I use the research, I keep the information on the respondent–name, company, title, and individual comments–confidential. One of the alignment gaps that is growing and is unfortunate is the gap between procurement and manufacturing. The metrics defining success in manufacturing and procurement do not align.
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Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation
Precoro
JANUARY 29, 2024
As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Objectives and scope.
Does Your Company Have A Solid Transportation Procurement Strategy?
Logistics Viewpoints
OCTOBER 15, 2015
Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures. The logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage. Let’s consider some constraints.
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How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain
GlobalTranz
MAY 7, 2019
Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members. The post How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain appeared first on Transportation Management Company | Cerasis.
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Definitions Matter
Supply Chain Shaman
NOVEMBER 9, 2023
First great insight from John McNiff: digital mature companies have lower DIO, IBP supports them!” ” My question is, “What is a digitally mature company? I have built five such systems for companies. I just went live this year with a Fortune 25 company, and their factories book against their orders online.
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How Green Supply Chain Strategies will help your Company Grow
ivalua
FEBRUARY 11, 2021
A recent survey that Ivalua did in the UK, “ Gaining the green view, How smart procurement can kick-start sustainability initiatives ” showed that 87% of UK businesses see “greener” supply chains as a competitive advantage. How can large companies address sustainable Supply Chain strategies?
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6 Essential Procurement Training Courses for Professionals: How To Begin and Advance Your Career in Procurement
SCMDOJO
JULY 3, 2023
In today’s fast-paced and competitive business landscape, organizations across industries are realizing the immense value of effective procurement practices. Procurement professionals play a vital role in driving operational efficiency, cost savings, and strategic decision-making. But how do you get started? Do not worry!
A Long Road Ahead for Procurement Professionals Managing Their Supply Chains
ModusLink Corporation
SEPTEMBER 1, 2023
Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. Supply chain optimization software can help companies navigate challenges, streamline operations, and achieve sustainable success. But what does that mean for future strategies in procurement ?
These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018
GlobalTranz
FEBRUARY 27, 2018
Procurement must never be an afterthought in any enterprise. 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.
How to Procure Full Truckloads in Tight Capacity
GlobalTranz
JUNE 19, 2018
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. Conducting annual procurement exercises.
[Video] Supply Chain’s Most Profitable Four-Letter Word: Data
Talking Logistics
JUNE 19, 2022
Some companies drown in it, while others find a way to convert data into business value. One area where data plays a critical role is in transportation procurement. How does data connect to procurement connect to profitability? Some companies drown in it, while others find a way to convert data into business value.
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Ryder’s Freight Market Update with Kevin Clonch
The Logistics of Logistics
DECEMBER 8, 2023
a leading logistics and transportation company. Kevin joined Ryder in October 2015 and led Ryder’s outsourced transportation procurement activity as senior director. About Ryder Ryder System, Inc. (NYSE: R) is a leading logistics and transportation company.
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Why a TMS Works for Managed Transportation Providers
MercuryGate
JULY 25, 2023
Managed transportation relies on third-party logistics providers to create an enhanced logistics strategy. These 3PLs can help a company optimize its logistics, supply chain efficiency, and transportation operations. The post Why a TMS Works for Managed Transportation Providers appeared first on MercuryGate International.
Sustainable procurement: Everything You Need to Know
Precoro
MARCH 31, 2023
March 21 was the second annual iteration of World Sustainable Procurement Day , an online event organized by the Sustainable Procurement Pledge team, SPP Chapters, SPP Champions, and partners to raise awareness about the importance of ethical procurement and to share the best sustainability practices with organizations worldwide.
Transportation Management System: What is a TMS in Logistics? [+ Top Companies Compared]
ShipBob
JANUARY 6, 2023
That’s where transportation management systems, or TMS, comes in. In this post, we’ll take a closer look at what a transportation management system is, why it’s important, and how you can choose a provider. What is a transportation management system (TMS)? Transportation management systems can perform a variety of functions.
Transforming Freight Benchmarking
Logistics Viewpoints
AUGUST 8, 2022
Emerge is that kind of company. Emerge has an interesting new platform to deal with the problems shippers are having procuring truck capacity. The vocabulary used in transportation can be confusing. Shippers” are companies that have goods that need to be transported. Carriers” are companies that trucks.
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Supply Chain’s Most Profitable Four-Letter Word: Data
Talking Logistics
MAY 16, 2022
So, why do some companies seem to be drowning in it, while others find a way to convert it into business value? One area in particular where data plays a critical role is in transportation procurement. Today, supply chain and logistics professionals are awash in all kinds of data. How does analyzing data effectively connect.
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For Many, the Annual Freight Bid Season is Not “The Most Wonderful Time of the Year”
Logistics Viewpoints
OCTOBER 20, 2022
At the same time, a retailer whose product demand drops sharply has less need for transportation capacity and therefore tenders lower volumes to contracted carriers. The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes.
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Procurement in the Digital Age
Talking Logistics
DECEMBER 16, 2019
There has been a lot of discussion the past couple of years about digital transformation, which is impacting all aspects of supply chain management, including procurement. What’s new and different with procurement in this digital age? How can external partners help companies achieve excellence in procurement?
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Freight Procurement in a Pandemic: Preparing for the Bid
CHAINalytics
NOVEMBER 23, 2020
If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. And, what should you do about those COVID-related swings in your historical … The post Freight Procurement in a Pandemic: Preparing for the Bid appeared first on Chainalytics.
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Transportation Technology Procurement: How to Get all Stakeholders Onboard to Secure a TMS Budget
MercuryGate
APRIL 1, 2021
And the first step that supply chain managers must implement to align organizations with modern trends is to understand transportation technology analytics. At the heart of many successful companies lies shareholder support for the supply chain network and the effective use of data, especially concerning those solutions that […].
What is Supply Chain Decision Support? Are We Rearranging Deck Chairs on the Titanic?
Supply Chain Shaman
NOVEMBER 15, 2023
The lack of interoperability between decision support platforms is a problem for companies attempting to improve decisions from the channel to supplier bi-directionally through technology. FactSet reports that 66% of companies in Q3 2023 beat revenue guidance. The question is, how can a company not meet guidance?
5 Differences Between Europe and U.S. Transportation Procurement
TMC
AUGUST 23, 2017
As companies expand globally through mergers or organic growth, many are faced with the decision of whether or not 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.
Direct vs. Indirect Procurement: Key Differences Explained
Precoro
NOVEMBER 7, 2022
In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.
Top Transportation Technology Trends
Logistics Viewpoints
DECEMBER 4, 2023
Transportation Technology Maturity Curve This is the time of year when industry analysts and technology pundits make predictions about the future. McKinsey & Company, a worldwide management consulting firm, has done the same. More advanced solutions include real-time transportation visibility, route optimization, and telematics.
Unlocking Logistics Profits with Matt McKinney
The Logistics of Logistics
DECEMBER 6, 2023
Matt is the Co-founder and CEO of Loop , a modern transportation audit & pay company. About Matt McKinney Matt Mckinney is the Co-founder and CEO of Loop, a modern transportation audit & pay company. We improve transportation spend visibility so companies can control their costs and power profit.
Sourcing and Procurement: One but Not the Same
Precoro
SEPTEMBER 6, 2021
This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?
Types of Sourcing Strategies in Procurement
ProcurePort
JUNE 29, 2022
• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. Today, supply chain and transportation costs amount to 60% to 70% of total sales, depending on the company and industry. •
How can sales determine what is important to procurement when selling to them?
NC State SCRC
FEBRUARY 13, 2023
I am working on a new book focused on the sales and procurement relationship in supply chains with my friend Howard Richman, who has a wealth of experience working for companies like Merck, Citrix, and others. Serviceability – What are the elements of delivery, warehouse operations, and transportation performance?
Revisiting Transportation Forecasting
Talking Logistics
MAY 20, 2013
Many companies have collaborative planning and forecasting processes with suppliers and manufacturing partners, but very few companies translate demand and production forecasts into transportation capacity requirements. Watch as Adrian discusses: Two key reasons why transportation forecasting has been a challenge to implement.
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Simmons Foods’ Approach to Transportation Spend
Logistics Viewpoints
MAY 1, 2023
On April 4 th , Kyle Masters – the senior manager of transportation procurement at Simmons Foods, participated in a webinar hosted by Emerge. The webinar focused on Simmons Food’s approach to transportation procurement. The transportation team supports 13 production facilities. See the Video HERE.
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2022 Transportation Market Forecasting & Your 2022 US Trucking Outlook
CHAINalytics
FEBRUARY 22, 2022
Many publications and companies are doing the usual new year outlook pieces offering prognostications for what to expect in the coming months from a budget, service, or industry perspective. Well, it’s that time of year again.
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