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?

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures. There is a need, a growing need to drive better performance and outcomes from sourcing events. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcingThe logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing? procurement #purchasing #sourcing.

International Transportation: Where Many Companies Fall Short

Talking Logistics

When it comes to managing global supply chains, international transportation is where the rubber meets the road. But as many companies quickly find out, managing international transportation is very different from managing domestic transportation. I asked Russ, “From your perspective, where do many companies fall short in terms of their ability to manage international transportation effectively?” Here’s what he said: It starts with sourcing.

The Transportation Execution and Visibility Heats Up

Logistics Viewpoints

I recently completed my latest study on the transportation execution and visibility solutions market. Transportation execution allow shippers to connect to multiple carriers and then tender, track, and pay in the system.

The Transportation Execution and Visibility Market Heats Up

Logistics Viewpoints

I recently completed my latest study on the transportation execution and visibility solutions market. Transportation execution allow shippers to connect to multiple carriers and then tender, track, and pay in the system.

Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” companies during July and August 2017, with a balanced mix of respondents representing the various types of importers and exporters today. Transportation costs ranked second, and labor costs ranked third. Sourcing decisions can complicate or simplify this process.

Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

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. This is especially true when it comes to figuring out the lanes and volumes to include in the bid.

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. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. These are the must-haves for any effective freight sourcing team. Subscribe Here! Email Address.

How A Brewery Company Manages Contracted Transporters In Real-time

Abivin

Introduction This brewery company has a long history of 129 years of development with 22 subsidiaries and 5000 employees. They kept its traditional recipe for beer with the help of modern technology and highly qualified staff to grow into one of the leading brewery companies in Vietnam. As a big manufacturer, they follow a strict logistics process to manage transportation in real-time, which has been proven to improve efficiency and profit. Image Source 2.

How transparency in the supply chain leads to sustainable sourcing

Pivot88

According to McKinsey’s 2019 chief purchasing officer (CPO) survey, sustainable sourcing at scale is the fashion industry’s new must-have. Where do they source their products? The post How transparency in the supply chain leads to sustainable sourcing appeared first on Pivot88.

Transformative Transportation Management

Talking Logistics

It can be a difficult choice to make; supply chains are not one-size-fits-all, and your transportation technology solutions shouldn’t be, either. More than a strictly outsourced model, a hybrid of managed services and technology can adjust to fit unique supply chain needs, provide visibility to a company’s transportation data and network benchmarks, and supply the expert talent a company needs.

Current State of International Transportation Industry – LogiSYM October/November 2020

The Logistics & Supply Chain Management Society

Our vision at TRAMES, is to reduce global trade barriers through digitalizing international freight and transportation. a) Across the various actors in any single transport chain. An average company would appoint anywhere between 3 to 50 Third Party Logistics Service Providers.

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. Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. 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?

Top Transportation Management and Transportation Articles of 2015

Cerasis

We continue our series on the most read articles from the Cerasis blog for 2015 today by featuring any of the blogs in the transportation management or transportation categories. . Top 10 Most Read Transportation Management and Transportation Articles of 2015. In these most read 10 transportation management or transportation articles this year we saw, as with the other categories, a large portion focus on technology, such as transportation management systems.

Transportation Logistics

LeanCor

6 Solutions for Your International Transportation Logistics Challenges. While companies may see global sourcing as a means to reduce material or component costs, they must be mindful of what the customer is actually willing to pay for through total landed cost. Other challenges in international transportation logistics can include supply chain velocity, variability, visibility, and complexities in documentation and diverse requirements.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains. Transport.

How Sourcing has Reemerged in a Covid-19 World

Jaggaer

For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Diversify Your Sourcing Needs. COVID-19 Sourcing

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Done well, strategic sourcing creates measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

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.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and.

Lean 179

Why Transportation Optimization Must Include Technology & Solutions

Intelligent Audit

The key to better logistics is a streamlined system that utilizes business intelligence and processes that yield transportation optimization. Companies who ship multiple modes and at a large volume need to consider where the data comes from and how it’s used.

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. One area where significant waste exists is transportation management. Source: “The Future of Natural Gas: An Interdisciplinary MIT Study,” [link].

5 Reasons Supply Chain Companies Need to Be Curating Content

Cerasis

Sharing content from third-party sources establishes supply chain companies as a go-to resource for all things related to your industry, sector, products, or services. Using third-party social media posts, blogs, videos, and more, supply chain companies can enhance their content marketing efforts by distributing information that is readily available. Here are five benefits of content curation for your company. 5 benefits of curating content for supply chain companies.

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re In late February, LeanLogistics introduced LeanGlobal , a new TMS module that facilitates ocean freight transportation (see my comments at the time), and last week the company announced LeanFleet , a tool designed to streamline fleet planning and execution.

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. BPR has undoubtedly led to many efficiencies and improved effectiveness at numerous companies. Customer Service: The Real Source of SCM Innovation. Alex has over 25 years of experience in transportation and logistics operational, customer service, and business development positions.

The Benefits of “Off-Cycle” Transportation Sourcing Events

CHAINalytics

A large percentage of North American companies hold their annual transportation sourcing event during the first quarter or last quarter of each year. One of the primary factors driving this decision is the need to have solid insight into transportation costs to feed into the budget cycle for the next fiscal year. However, there is … The post The Benefits of “Off-Cycle” Transportation Sourcing Events appeared first on Chainalytics.

Why Companies Need a Supplier Relationship Management Strategy

Cerasis

The business landscape is ever changing, numerous innovations have allowed companies to transcend borders and become global entities. While the opportunities are numerous so are the challenges; in this fiercely competitive global marketplace success requires companies to pay closer attention to supplier relations. Global leaders should retain suppliers with vested interest in the long-term success of the company.

Transportation is the Great Enabler of Supply Chain Excellence

Talking Logistics

I believe transportation is the least complex, yet most critical component of the supply chain. And if that isn’t enough to create a bias, maybe these well-known facts will: transportation costs represent the biggest slice of the supply chain cost pie (nearly 60 percent of every supply chain dollar is spent on transportation), and transportation costs can represent 3-12 percent of revenue or more depending on the product type and industry.

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.

5 Alternative Fuels that Will Reenergize the Transportation Industry

Kuebix

The transportation industry relies heavily on diesel to help it successfully transport products from manufacturers to consumers via trucks worldwide. Technology has been instrumental in reducing the number of empty miles driven, and finding an alternative fuel source is the next step for eco-conscious companies. The post 5 Alternative Fuels that Will Reenergize the Transportation Industry appeared first on Kuebix.

Is Amazon In-Sourcing or Creating a New Service? You Already Know

Cerasis

The post Is Amazon In-Sourcing or Creating a New Service? You Already Know appeared first on Transportation Management Company | Cerasis. E-Commerce Logistics Freight Logistics amazon in-sourcingAmazon didn’t get to where it is today (hit a market cap of $1 trillion in Sept. 2018) by resting on its laurels. At the time I wrote this, Amazon’s market cap is $777.8 billion. We can all rest assured that Amazon is looking to get back up to $1 trillion and stay there.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” 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? In order to be truly accurate long term, the source data should be available for you or your provider to directly scrutinize.

Improving Transportation in the Real World

Talking Logistics

Ideal transportation operations are difficult to achieve, but an ideal approach to improving transportation in the real world — finding real savings and adding value to other functional areas in the supply chain, or business more broadly — is achievable. These six steps allow shippers and 3PLs to improve transportation operations and increase supply chain value in the most ideal way possible. Source. As companies evolve, so do operations.