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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

Pre-Procurement Before commencing on a Procurement Exercise, it’s important to collaborate with internal stakeholders, including procurement teams, logistics departments, and related teams, to ensure alignment on objectives, requirements, and budgets. Work with legal and procurement teams to draft the contract documents.

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The Promise and Peril of Generative AI for Supply Chains

Logistics Viewpoints

For knowledge management, imagine generative AI primed to intelligently search all of a company’s internal documentation to solve all kinds of problems from “how did we do this before” to “how do I do this now.” The post The Promise and Peril of Generative AI for Supply Chains appeared first on Logistics Viewpoints.

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This Week in Logistics News (December 4-8, 2017)

Talking Logistics

My exercise plans for the weekend are set. So, without further delay, here’s the supply chain and logistics news that caught my attention this week: UPS, Overwhelmed by Online Orders, Warns of Delivery Delays (WSJ – sub. Rake today, shovel tomorrow. Growing length of U.S. Just ask UPS and Walmart.

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Supply Chain and Logistics Predictions for 2016

Talking Logistics

Google did not acquire a third-party logistics (3PL) company or a logistics software vendor. And more companies are treating Supply Chain Design as a continuous business process instead of a standalone project or a once-a-year exercise (see Supply Chain Design: Growing Scope, Community, and Collaboration ).

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The Internet of Things in the Supply Chain

Enterra Insights

And all of them expect to be connected to logistics providers transporting goods to and from various supply chain nodes. … Traditionally, inventory counts [have been] a complex exercise done manually about once a year but RFID technology enables retailers to monitor stock monthly bringing accuracy from 60% to over 90%.”

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Why Procurement Management Tool is a Must for Efficient Purchasing

Precoro

Manual procurement management relies mostly on spreadsheets, physical printed documents and e-mails (or other means of communication). Low-Quality Documentation. Purchase requisitions and orders, receipts, invoices, and other documents must each contain specific information, often legally binding. Centralized Information.

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Strategies for Managing Stress in the Workplace: Advice From 30 Experts Across the Globe

ToolsGroup

As Tom Derry, CEO of the Institute for Supply Management, shared in PBS , “It’s been the hardest year for logistics and supply chain managers,” Pafford said. In addition to physical exercise, the stress-relieving advantages of contemplative exercises like yoga, meditation, and Tai Chi are well documented.