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Understanding Your Sourcing Footprint is the Key to Procurement Analytics

Supply Chain View from the Field

Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers. Supplier registration processes need to be designed around sourcing engagement processes, which track the supplier life cycle. Procure to Pay Strategic Sourcing Supply chain analytics

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. Transportation takes time.

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The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

This time of year, many shippers are reviewing and updating their transportation plan for the back half of the year and many will be considering issuing RFPs for new or changed capacity needs. I am often asked what shippers should consider (beyond the obvious of reducing cost) when deciding whether to go to market with a transportation RFP and what the associated best practices are. Your RFP will be much more successful with a documented carrier strategy.

5 Procurement Management Tips for the New Kid on the Block?

AFFLINK

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations.

Made in “I Really Don’t Know”

Talking Logistics

As reported in USA Today : [In a sourcing practice nicknamed “China plus one”], big brands like Rip Curl send their specifications — what they want made and how much they’re willing to pay for it — to sourcing agents, who find factories that agree to fulfill them. Here are some recommendations: Identify and document the root causes of poor supply chain visibility. Define and document Supply Chain Mapping business processes.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries. One can imagine a world in which blockchain becomes an indispensable part of tracking and monitoring all types of containers, via multiple modes of transportation. It knows where it’s located, that it has all shipping documents attached in virtual form on the blockchain, and when it runs into trouble can call for help.”

Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

The technology has been around for a long time, but many organizations and countries still require the maintenance of original signed documents, with all of their accompanying costs and inefficiencies. For example, approval by multiple parties to a transportation arrangement is required in order to issue an authorized bill of lading. All must agree to the precise form of that document before the release of international freight and the transfer of funds.

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

That is one of the most important, yet often overlooked, questions shippers should ask before implementing a Transportation Management System — specifically if they’re implementing a traditional, behind-the-firewall solution. Where to Find Supply Chain Innovation (Source: Adelante SCM).

The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

The supply chain can be the roadmap to follow to determine the how, the what, the why, the when and the where’s the source of the problem as the supply chain covers the entire cycle of the process from ingredient to finished product.

Visibility: If Only I Could See

Supply Chain Shaman

This team was working on quality improvements and found that the flows crossed 117 disconnected documents in access, excel, and google analytics. These sources while functional are difficult to connect. Indirect procurement has little to do with direct material management.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

Source: RevCascade website. I would argue, however, that managing the end-customer experience is a less challenging task if you’re operating on a common network with all trading partners (a single source of truth and visibility) than if you’re tangled within a spaghetti chart of integrations.

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. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism. This is a key component of the sourcing initiative.

Twitter Insights from GT Nexus Bridges 2015 Conference

Talking Logistics

When it comes to supply chain and logistics processes — which inherently involves the exchange of data, documents, money, and other communication between hundreds or even thousands of external trading partners, the best platform is a Supply Chain Operating Network , which brings together B2B connectivity, software applications, and (in the future) social networking capabilities in a cloud environment — and GT Nexus is one of the leading Supply Chain Operating Networks in the market.

Managing Supply Chain SLAs Through Blockchain: Is Blockchain the New Incoterm?

Cerasis

Therefore, having an indisputable source of information, such as blockchain technology, may be used to develop consistency and clarity in managing supply chain SLAs. For instance, procurement and reverse logistics processes, such as reclamation of raw materials and metals from old products, may be enhanced through blockchain technology to document the origin of a product prior to manufacturing. appeared first on Transportation Management Company | Cerasis.

Supply Chains By the Numbers

Supply Chain Shaman

Intellectually, while I will know that year has changed, I will screw-up time, and time, again by writing 2014 on documents for many, many months. I like many other gray-haired supply chain professionals reported through a functional organization like manufacturing or transportation.

Green Logistics: How to deliver efficiently while minimizing carbon footprint

Abivin

Source The process and involvement of logistics department in every organization have become an essential part to the economic development for a long time now. Green logistics has a significant role in the trade process, transport and deliver the goods.

Trade War: Can Tensions Between the U.S. and China Lead to Changes in the Global Supply Chain?

BluJay Solutions

” China has established the infrastructure and labor expertise to appeal to a vast majority of industries ranging from simple manufacturing to a trusted source for high-end and high-tech products. multinationals are looking to alternative sourcing in countries such as India and Mexico.

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Blockchain in freight forwarding – Is it the next big thing?

20Cube Logistics

Supply chain involves procurement, creating orders, packing, shipping and distribution of goods, etc., Well, with so much complexity, one would certainly require a reliable and transparent source to carry such enormous data and activities.

Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

Consider the following – all in one integrated solution: - full functionality SaaS TMS operational in large scale in all major global regions - a fully integrated global network of carriers across all modes - seamless integration to global trade compliance - automated customs documentation and filing; and - all of this deployed via a SaaS/Cloud solution 80+% of your global carriers and freight forwarders are already in the network. Business environment changes quickly.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

As if this wasn’t enough, transportation costs are rising and forcing companies to constantly adjust and optimize. In the meantime, companies need to make sure they have the most talented negotiators and leaders heading up their procurement and supply chain functions.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Such providers understand domestic transportation issues, and can plan to develop long-term solutions to complex local distribution challenges. Procurement will play a key role in monitoring supply base conditions.

From Materials to Practices: Sustainable Purchasing Groundswell At The SPLC Summit 2019

EcoVadis

Read more in this Guidebook on Integrating Ratings into Sustainable Public Procurement. Trading partners are cautious when it comes to transparency, whether in private or public tenders, and may be reticent to provide policy or process documents required for a thorough CSR assessment.

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

Supply Chain Shaman

The goal is deeper analytics to sense and respond across make, source and deliver. GT Nexus is one of the strongest providers of transportation visibility for the global ecosystem. The traditional EDI approach inserts a day latency to open and read documents.

Blockchain for Bill of Lading – A Much Needed Update to the Traditional Bill of Lading for E-Commerce?

Cerasis

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. Automated payment processing will reduce instances of payment fraud, prevent documentation issues, and increase the accuracy and validity of all transactions, asserts Abhishek Raval of Express Computer. appeared first on Transportation Management Company | Cerasis.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

These losses occur because supply chains have inherently lacked on-demand access to actionable data that enables real-time decision-making about a product’s freshness and quality and documents the freshness and safety of delivered products.

How to Sustain a Lean Culture in Manufacturing & Supply Chain

Cerasis

All activities are documented by a team recorder. It typically describes how a process should consistently be executed and documents current ‘best practices.’

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Overcoming the Barriers to TMS Optimization

Talking Logistics

It’s well documented that a lot of the potential savings a transportation management system (TMS) can provide is derived from optimization. Some companies believe they are not big enough, or their transportation operations are not complex enough, to require optimization. Episode Highlights Transportation Management Systems MercuryGate optimization TMS transportation management systems Vikram Balasubramanian

Supply Chain Management:Importance of Proactive Master Data.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. In my current project about a year ago, North America region Supply Chain Planners were having major concerns related with flawed planning resulting from incorrect or no Source of Supply (SoS) for receipt elements such as Purchase requisitions &/or Planned orders. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38).

8 key benefits of effective supply chain management

6 River Systems

Data-driven SCM provides visibility from end to end for monitoring the flow of information, services and goods from procurement to manufacturing and delivery to the end consumer.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. Work with your broker to see if you can get priority on unloading the ship and inland transport.

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Sustainability, Social Responsibility and Automation

Claritum

Claritum Article - Procurement Blog. The first from a tax authority and the second from an institute: Sustainable Procurement. Clear audit trail of all documentation and interactions with suppliers, as well as all purchases. Contents. Introduction. Government Expectations.

Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

The biggest career transformation for me was after leaving Dell when I joined Lucent in 2002 and entered supply chain in technology sourcing. We restructured all of the documents and created one of the first service-oriented websites so all of the information was available on line.

Embedded 3PL Relationship: What is it & Why is it Vital to Ultimate Shipper Success?

Cerasis

Procurement can have a supplier embedded in their location as well. This living document should be reviewed monthly, at first, then perhaps quarterly. appeared first on Transportation Management Company | Cerasis.

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This Week in Logistics News (February 18-22, 2013)

Talking Logistics

CombineNet and Transplace Extend Partnership in Delivering Advanced Transportation Procurement Solution to North America. In addition, users are able to view events of a shipment, imaged documents, and can email their account representative with questions on a particular move.

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Like A Green Lump of Clay….

Supply Chain Shaman

In the supply chain, variability and volatility come from many sources. The best way to start the design of an agile supply chain is to look at the sources of variability and market volatility that your supply chain encountered in the prior year. These can be shift in the channel, issues in manufacturing, increasing variability in transportation, or a shift in commodity prices. I also have a lot of faith in Chainalytics as a source of business process outsourcing. .