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.

5 Top Transportation Management Trends to Expect in 2018

Cerasis

Transportation management will evolve dramatically in 2018. In addition, the continued rise of freight trucking rates, as explained by James Jaillet of Overdrive Online , will demand newer, faster and more efficient transportation management systems (TMS). Fortunately, shippers can prepare for increasing prices by understanding these 5 top transportation management trends. The Freight & Transportation Management Trends to Know in 2018.

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 ?” If portions are supplied from other parties, it is vital to expose possible exceptions or differences in interpretations of the data provided in comparison to what you control. LinkedIn The post 3 Requirements for Meaningful & Useful Data in Transportation & Business appeared first on Freight Logistics Company | Cerasis.

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How to Use Big Data Analytics to Drive Business Value in Procurement Forward (Part 1)

Jaggaer

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . Procurement Trends in Manufacturing. How are they impacting the procurement organization and proficiency? Procurement Resources Supply Chain manufacturing

Flatbed Procurement: What’s Your Strategy?

CH Robinson Transportfolio

Flatbed Procurement: What’s Your Strategy? It’s important to recognize that where you fit within the seasonal nature of the flatbed market can impact how you build the rest of your flatbed procurement strategy. Do you conduct procurement events often enough and at the right time?

Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. Current best practices in contract management systems are associated with application of searchable contract databases, allowing comparison and rapid access to contract information, as well as comparison of contractual terms and exposure for common suppliers, categories of spending, and specific price benchmarking internally.

How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Transportation modes used in procurement and shipping. This comparison is much more than a metaphor; it is the real issues being faced by supply chain entities and their leaders. appeared first on Transportation Management Company | Cerasis.

What Value Are You Getting From Planning?

Supply Chain Shaman

Spiraling transportation costs, tariff shifts and increased expectations for customer service sparks new interest in supply chain planning. Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency.

Talent-Driven Changes in the Managed Services Market

TMC

Managed services solutions offer transportation management system (TMS) software and third-party provider expertise in one package. These players are still major users, but there is a significant uptick in interest from shippers with more modest freight transportation budgets.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

Inventory measurement is critical and it is money after all in that it took a capital expense to procure. In comparison, the poorest-performing companies in the lowest quartile had a range of working capital between 23% and 39% as a percentage of revenues.

Let the Qs Begin

Supply Chain Shaman

While the performance rankings were based on comparisons of inventory turns, operating margin and Return on Invested Capital (ROIC) for the periods of 2006-2013 and 2009-2013, the concept is that to be a supply chain leader you must outperform and drive improvement.

Empowered Consumers Require Omnichannel Strategies

Enterra Insights

Most of us still trusted brick-and-mortar stores, we didn’t have price comparison services, and we were at the mercy of large corporations for discounts.”[2] Developing these capabilities involves decisions such as whether to insource or outsource activities including e-commerce fulfillment, transportation, and returns and how to integrate these and other processes with the rest of your supply chain.” We’re all familiar with the adage “knowledge is power.”

The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

By comparison, that’s almost as large as the15th largest US passenger fleet. Amazon currently lists about 17,700 full-time vacancies on its website, about 920 in the logistics and transportation sector.

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Multichannel Fulfillment & Shipping: Considerations for Wholesale Distributors & OEMs in the Transition From Single Channel Shipping

Cerasis

Unfortunately, manufacturers and OEMs may lack the infrastructure necessary to facilitate such changes, and resellers face challenges in optimizing procurement for the world of e-commerce. Some of these, reports Channel Advisor , include: Multichannel fulfillment has an increased cost in comparison to traditional shipping.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

GT Nexus is one of the strongest providers of transportation visibility for the global ecosystem. While many will compare you to SAP, it is not a comparison. As an analyst, when technology providers acquire and divest companies, I get invited to pre-announcement conferences.

Necessary Steps for Smarter Logistics Planning Optimization. Increase Efficiency and Profits

Cerasis

Ideally, the list of services of a company claiming to be a serious supplier of service logistic services should include the inventory management, transportation, warehouse operations, information support, order processing, cargo consolidation and much more.

A convincing industry approach: SupplyOn’s Rail Community boosts the efficiency of the railway industry

SupplyOn

SBB relies on RailSupply to significantly improve efficiency in purchasing and procurement logistics. The Swiss Federal Railways (SBB), with around 34,000 employees, a transport network of over 3,000 kilometers and almost a half billion passengers per year, is the national railway company of Switzerland, consisting of the four divisions Passenger Transportation, Cargo, Infrastructure and Real Estate.

Do You Know When it’s Time for a Freight Review?

Logistics Bureau

When companies look for freight transport providers, they often base their search and selection process primarily on the needs of the moment. Transport companies can grow, downsize, or change policies and practices.

Big Data, Dynamic Freight Pricing and Bid Savings (maybe)

Cerasis

The answer is a resounding “it depends,” based on how LTL freight is actually being procured. This is a key element to the market efficiency that is created by dynamic freight pricing as the shipper actually SEES and benefits from the dynamic pricing the carrier is providing in comparison with other shippers. . Author information Augie Grasis The post Big Data, Dynamic Freight Pricing and Bid Savings (maybe) appeared first on Transportation Management Company | Cerasis.

IBM Beefing Up for Matrix Commerce in 2012

Supply Chain Network

Emptoris solutions bring more intelligence to procurement and supply chain operations with spend, supplier and contract management for Smarter Commerce. Extends Smarter Commerce capabilities to Chief Procurement Officers. My POV: The emergence of Matrix Commerce means the procurement and sourcing process must become more flexible, rapid and automated, period. In the past two months, IBM has made three strategic moves that bolster its SmarterCommerce portfolio.

Supply Chain Management:Indicators from the 2012 Holiday Buying.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. They have embraced the conveniences of in-home buying and cyber-based price and feature comparisons. Port closures resulted in ocean containers being re-routed to other east coast ports, causing transportation and fulfillment delays. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). About Us. Contact Us.

Supply Chain Management:Bricks and Clicks - The New Business.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. One recent sobering statistic points to over 15 million downloads of the smartphone enabled Red Laser application which allows consumers to electronically read item codes and perform multi-channel price comparisons for the specific item. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). About Us. Contact Us.

Supply Chain Management:Headline for the 2012 Holiday Buying.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. In order to differentiate the store buying experience, stores will feature more consumer buying choices, including "stores with a store", and to buffer customer attempts to perform instantaneous online price comparison searches, stores will feature more private branded merchandise and unique branded products, with different naming and stock keeping identifiers.

Supply Chain Management:The Learning from the 2012 Holiday.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. They embraced the conveniences of in-home and mobile buying and cyber-based price and feature comparisons. This not only challenged "last mile" delivery providers FedEx and UPS to complete deliveries of online orders, it also disrupted last-minute shifts and/or replenishments of inventories as transportation became severely disrupted. Procurement Blog.

Scheduling 'Order Release Process' Intelligently - Infosys Blogs

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. Route optimization process determines the sequence in which orders are delivered to customer, so as to reduce overall cost of transportation. And Delivered Cost = product cost + handling cost + transportation cost + return allowance + X. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). About Us. Contact Us.

This Week in Logistics News (August 28 – September 1, 2017)

Talking Logistics

LevaData to Transform Strategic Sourcing for Global Procurement and Supply Chain Leaders. Manhattan Transportation Management Enhancements Enable the Acquisition and Supervision of Additional Shipment Capacity.