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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

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

Paiva also emphasises the importance of being robust from a supplier but also a transportation perspective. “We We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. Even the transport network is changing. Name="Document Map"/>. As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

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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.

Sourcing Cost and Time Savings for America’s Brightest Orange

Jaggaer

“We have captured many benefits thanks to the decision we took to extend our JAGGAER implementation to include sourcing. And not least, double-digit cost savings on our electronic sourcing bid events.”. Scott Schlotthauer Chief Procurement Officer Oklahoma State University.

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. For example, a customer may require documented procedures, work instructions, and process flows that define specific activities. The late John Wooden focused on fundamentals.

Navigating COVID-19: Mid-term Procurement Strategies for a Managing the Crisis

Jaggaer

Procurement teams can lead the way in building a robust system into the future. This should serve as a wakeup call for procurement teams to take a look at the clauses in their contracts. Procurement and legal teams need well prepared, highly organized document management systems to systematically look at force majeure clauses are written. supplychain #sourcing [link] pic.twitter.com/40kHrnlbvY. Finally, look for new sources of supply now, before you need them.

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.”

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. Source ] Blockchain can help mitigate these losses and their associated disputes. Blockchain Omnichannel Supply Chain Transportation Management

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.

How Artificial Intelligence is Boosting Supply Chain Performance

Logistics Bureau

Transportation Management Solutions (TMS). By integrating AI technology, new platforms are enabling companies to streamline their transportation systems and cut the costs of freight. Procurement Communications. Decreasing order cycles through fulfillment-source optimisation.

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. These services will leverage the transportation information created by SAP TM and provide filing status updates to SAP TM for improved shipment visibility. Where to Find Supply Chain Innovation (Source: Adelante SCM).

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As I’ve said before, the ability to exchange timely, accurate, and complete data, documents, and other information with external business partners — and do so in a scalable, flexible, and cost-effective way — is one of the foundations to enabling supply chain visibility, control, and innovation. Source: RevCascade website.

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.

From Exports to Delivery: Simplifying PPE Shipping

CH Robinson Transportfolio

Over the past several months, China has been the main source for PPE. Policy 53 increases CIQ inspection on all PPE products, labels, packaging, and documentation. Watch our expedited ocean shipping video with Ali Ashraf and Greg Scott to explore if this smart transportation solution is right for your supply chain. So, whether you’re looking to import PPE for the first time or as part of your normal procurement process, C.H.

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.

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. If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road.

How One Major Metropolitan School District is Driving Efficiency in Procurement

EC Sourcing Group

Virtually every bid was sealed and almost all required vast amounts of documentation to be accepted. Here are two examples of the bid specifications: The transportation bid has hundreds of routes with detailed requirements including special needs for certain students. Nutritional food labels must include the source of all ingredients for each consumable food item that is served in a cafeteria. The primary goal was to automate all procurement efforts.

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Artificial Intelligence is Driving Real Supply Chain Improvement

Logistics Bureau

This includes healthcare, education, transportation, retail, communications, and agriculture. AI in Transportation Management. Source: ARC Advisory Group Strategic Report. The ROI of transportation management solutions (TMS) has been proven many times over. When the TMS tech-stack includes a layer of artificial intelligence, shippers and 3PLs can gather and use an even broader array of data about transportation performance. Transport Warehouse

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

The Logistics & Supply Chain Management Society

Procurement. RPA can automate the uploading of reporting and contract data for transactions from contracts into Transportation Management Systems (TMS) or Enterprise Resource Planning (ERP) systems with greater speed and accuracy.

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.

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.

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.

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. Most deployments focus on functional excellence–manufacturing, transportation, customer service or procurement. There are no solutions that connect source, make and deliver in many-to-many architectures. The use of disparate data sources enriches insights.

From soba to udon—Are the noodles in the FTA bowl getting too thick? – LogiSYM December/January 2021

The Logistics & Supply Chain Management Society

There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. Documentation to be presented.

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. According to World Bank report, efficient logistics refer to transport, storage and conveyance of products to the ultimate consumers from the companies at minimal costs. Green logistics has a significant role in the trade process, transport and deliver the goods.

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).

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Saving Supply Chain Planners from Chaotic Spreadsheets

Solvoyo

It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis. . Ability to do root-cause analysis is limited and decision-making requires coordination across multiple functions and data-sources.

It is about time that we leveraged supply chain analytics

Solvoyo

It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis. Ability to do root-cause analysis is limited and decision-making requires coordination across multiple functions and data-sources.

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. The reporting of manufacturing and procurement organizations through the supply chain leader has the probability of the flip of a coin. Tomorrow starts a new year.

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

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. In the majority of today’s cold-chain operations, data from condition monitoring is either nonexistent or requires hours or days to procure – making it inactionable.

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. Each time cargo is shipped, the transaction is documented, creating a permanent history of the shipment from order to delivery. It becomes easier for companies and individuals to bring in ethical procurement practices in place.

An Empty Chair….

Supply Chain Shaman

In contrast, my vision of end-to-end is a supply chain that operates seamless and bi-directionally from the customer’s customer to the supplier’s supplier crossing over the processes of sell, plan, source, make and deliver. Over the last decade, this increased by 15% in manufacturing and 25% in transportation. Many companies have outsourced supplier onboarding, payables and transportation management. Across from me, sits an empty chair.