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The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

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Track the Supply Chain Metrics that Really Matter

Precoro

To monitor supply chain performance, stakeholders of successful companies typically define supply chain metrics that are relevant to the given business and track these KPIs regularly. By setting benchmarks for metrics, analysts can recognize unsettling trends and take preventive measures on time.

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Transportation Management System: What is a TMS in Logistics? [+ Top Companies Compared]

ShipBob

Share compliance information and documentation. Report on important performance metrics. Transportation management systems also enable you to automate your freight tendering process. By automatically dispatching carriers, you can significantly expedite steps such as booking and tendering of freight. Payment management.

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9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

GlobalTranz

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. All KPIS have metrics to measure. 3PL/SLA Skills/Knowledge.

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What is the Importance of Supplier Relationship Management (SRM)?

QAD

This requires establishing KPIs and specific metrics of success to assess performance against. Run and Maintain the Strategy Both the performance of the supplier and the performance of the strategy around maintaining that supplier relationship must continuously be evaluated so any changes can be made in real time.

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The Ultimate Guide to Contract Logistics: What You Need to Know

SCMDOJO

Let’s take a closer look at these stakeholders and their roles: Shippers: Shippers are businesses that produce or procure goods and require them to be transported to their intended destinations. They optimize routes, consolidate shipments, manage freight rates, track shipments, and ensure timely and secure delivery.

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I am MAD!

Supply Chain Shaman

We can connect through EDI, but a document has latency and limitations for unstructured data. Lora has written the books Supply Chain Metrics That Matter and Bricks Matter , and is currently working on her third book, Leadership Matters. There are other options, but each has limitations. Figure 1: Gaps in Supply Chain Visibility.