Remove Comparison Remove Freight Remove Manufacturing Procurement Remove Sourcing
article thumbnail

Total Cost of Ownership Procurement Model Failure – What’s Missing?

Supply Chain Game Changer

Many businesses use some form of Total Cost of Ownership model to support their Procurement and sourcing decisions. In fact these models are not just used casually, but they often are designed to inform and make optimal sourcing choices. Typically and historically sourcing decisions were predominantly based on unit price.

article thumbnail

We Are In Trouble. Raise the Red Flag. Be Proactive.

Supply Chain Shaman

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. The supply chain leader is struggling with increased cost and delayed on-time deliveries in ocean freight. The Baltic Index: Comparison In Price.

Insiders

Sign Up for our Newsletter

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

article thumbnail

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. As a strategic process, transportation procurement may still seem very tedious and challenging. Be demand driven.

article thumbnail

Skillfully Managing Manufacturing Reshoring Projects

GlobalTranz

There’s more involved in successfully reshoring a foreign manufacturing operation back to the U.S. than simple cost comparisons. Reshoring is a hot topic in manufacturing. These “Bring Manufacturing Back” initiatives have many moving parts and require careful planning and execution and very skillful project management.

article thumbnail

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Purchase Order Management.

article thumbnail

Q3 2021 Trucking Trends and Freight Market Update

Zipline Logistics

The freight market has been on the receiving end of several systemic shocks that continue to affect industry providers and shippers alike. And when you add in the current labor and commodity shortages along with an inflationary environment, it is apparent why freight rates have been steadily climbing.

Freight 91
article thumbnail

How China’s zero-Covid policy is affecting global supply chains

Proxima

When Chinese manufacturing cities come to a hard stop on short notice, there are serious consequences for global supply chains, with delays spilling over at local ports, nearby alternative outlets, and into destination ports, causing volatility and confusion right across the market.