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10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. As a result, more shipments can be placed on “fast lanes,” reducing overall freight spend and duration of shipments.

Get the Biggest Bang for Your Freight Budget Dollar!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight Budget article and permission to publish here provided by Adam Robinson at Freightwaves. Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. Subscribe Here!

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Five Technology Trends That Will Change Global Freight

Freightos

Five Tech Trends That Will Change Freight. And with daily headlines on new Ubers for X, new tech acquisitions, and the continuing crawl of technology into our everyday life, we’re focussing on five emerging tech trends that have the potential to reshape logistics. They even recently filed as a 3PL, in the process labelling their current logistics suppliers as competition. Increasingly they are running procurement and logistics departments.

Tips for Effectively Managing E-Commerce Logistics

Cerasis

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. In order to manage e-commerce logistics and maintain cost efficiency, shippers need to know the challenges in managing e-commerce logistics, how a TMS can help, and a few tips to streamline the process. What Are the Challenges in Managing E-Commerce Logistics? E-Commerce Logistics

Multimodal 2015 – Advanced Supply Chain Management and Logistics for Cargo Owners

Supply Chain Movement

Organiser: Clarion Events. Entering its eighth year, Multimodal has grown to become the UK and Ireland’s premier freight transport and logistics event. Exhibitors at Multimodal represent every logistics sector – road, rail, aviation, maritime, warehousing, storage services. Events Clarion Events distribution managers event freight transport logistics Multimodal NEC Birmingham procurement directors shipping managers Supply Chain Directors traffic managers

Experts Choice Of Top Online Logistics Resources

Freightos

The Experts’ Choice of the Top Online Logistics Resources. So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. Experts’ Choice: Supply Chain and Logistics Email Newsletters. This is the experts’ selection – but if we had to choose just one, our go-to read is the fast-rising WSJ Daily Logistics Report. Ti Logistics Briefing.

How Freight Disrupted Itself: The View From Within A Changing Industry

Freightos

How Freight Disrupted Itself. In the last year, a new dynamic has begun to reshape the freight industry. Phil knows his (freight) stuff. In his PhD thesis he developed a product to secure ocean freight rates with financial derivatives. Prior to that, Phil held a variety of other logistics roles in both Germany and the United States. Declining Freight Rates. Phil adds that something else has contributed to declining freight rates.

Inbound logistics requirements for the new automotive supply chain

The Network Effect

Today I want to discuss inbound logistics requirements. Earlier we discussed the fact that the “procure to pay” business transaction cycle includes transportation events such as tendering, pick up, in transit, dock scheduling and deliver along with full track and trace. Thus similar to EDI, logistics needs to be considered part of the transactional flow, not a separate set of functions to be integrated. Automobile Auto automotive demand-driven logistics

Why Collaboration in Logistics Is the Future

Turvo

How often do you think about collaboration in logistics? To that end, shippers, freight brokers, logistics service providers (LSPs), third-party logistics providers (3PLs), and carriers need to know why collaboration in logistics is the future of all successful supply chain strategies. Buyers see the event as a zero-sum game, and they grow hostile, willing to sacrifice their own efficiency in the hopes of beating their competitors.

Why Now is the Perfect Time to Benchmark and Bid Your Carrier Rates

Talking Logistics

In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now. We believe there is no such thing as a bad outcome from a benchmark event.

Data Driven Logistics: Using Visibility for Better Customer Experience

20Cube Logistics

This helps organisations achieve efficiency and cost-effectiveness, helping them transform their supply chain processes by better forecasting and procurement planning. . Capturing data at each point is crucial for any process optimisation and with the advent of blockchain , this is possible, but whether data-driven logistics really help us achieve better results is still debatable for a few. Data has been and will continue to transform the logistics space.

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10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Borders were closed, air travel curtailed if not suspended outright, cruise ships were quarantined, tourism plummeted, restaurants and theatres were closed, and entertainment and sporting events and leagues were cancelled. Total cost of ownership (TCO) is a Procurement sourcing methodology which entails taking into account all aspects of doing business with a supplier, not just unit costs. Don’t Overlook the Role of Reverse Logistics. Subscribe Here! Email Address.

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Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

As my career progressed and my experiences broadened I learned that Supply Chain Risk Management was more than just an annual event involving updating the Disaster Recovery plan. Every part of your Supply Chain from suppliers, to logistics carriers to Distribution Centres, Manufacturers and Marketing channels must all have sufficient capacity to meet your needs. Losing buildings for manufacturing and distribution can result from any of these events. Subscribe Here!

This Week in Logistics News (November 5-9, 2018)

Talking Logistics

Our Logistics Leaders for Type 1 Diabetes Cure Team raised $58,706 this season — a new record! Simply put, without your support, this audacious dream I had three years ago to form a logistics cycling team to support JDRF wouldn’t have come true. Okay, turning the corner, here’s the supply chain and logistics news that caught my attention this week: Amazon offers free shipping on all orders for the holidays (CNN). Hunt Locked in Freight Revenue Dispute (WSJ – sub.

How to Use Freight Attributes to Your Greatest Shipping Advantage

CH Robinson Transportfolio

How to Use Freight Attributes to Your Greatest Shipping Advantage | C.H. In a previous post, I discussed aligning with service providers to best serve your freight attributes. Today, we’ll dig into how to and why you should accurately represent your freight. Use freight attributes to get the service you want. The number one reason to accurately represent your freight’s attributes—both positive and negative—is to get the service you want from service providers.

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Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? SMEs find it hard to identify and engage suitable logistics partners. Logistics providers, in general, are slow to respond to the needs of SMEs.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Extreme Weather Events. Extreme weather represents one of the most significant risks to ocean freight on the globe. Someone with malicious intent could bring down entire supply chain networks and force freight rates to skyrocket. Procurement departments must take the full burden of ensuring supplier consistency.

Transportation Procurement: Still Standing on the Sidelines?

Talking Logistics

Have shippers taken their freight out to bid or are many of them still standing on the sidelines? Those are some of the questions I discussed with Tim Dalton, Director of Professional Services at BluJay Solutions in a recent episode of Talking Logistics. Tim says that, “As the year went on, however, our customers were finding that their routing guides were broken, carriers were not living up to their commitments, and more of their freight was going to the spot market.

3 Best Practices to Improve Your Flatbed Shipping Performance

CH Robinson Transportfolio

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. And, accordingly, each industry procures and manages capacity differently to navigate these challenges and drive positive outcomes.

Screen Time! Is That Enough To Be Good In Supply Chain?

Supply Chain Game Changer

Or do you really need to “Go Outside and Play” and go into Warehouses, Distribution Centres, Manufacturing facilities, Logistics operations, Planning and Purchasing offices, and more to really understand how the Supply Chain works? We have the ability to see, track and manage Supply Chain events from your Smart Phone. There will still be Warehouses, Distribution Centres and Manufacturing facilities, as well as the Logistics operations that connect them all.

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IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. New fuel will likely cost more than current bunker fuels and fuel surcharges will likely be added by carriers & its expected to increase freight rates by at least 15% to 30% in 2020. will also need to update freight tariffs accordingly. Preparing for a New Marine Freight World. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

This Week in Logistics News (May 7-11, 2018)

Talking Logistics

My wife often jokes that she is the VP of Supply Chain and Logistics in our family. Moving on, here’s the supply chain and logistics news that caught my attention this week: Uber teams with NASA to make flying cars a reality (CNN). Freight Operators Dismiss Threat of Digital Startups (WSJ – sub. Robinson launching a trans-Eurasian rail freight service between China and Europe. But it’s no joke, it’s true.

50 expert tips on logistics planning and strategy

6 River Systems

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Luckily, the current movers and shakers of the logistics and supply chain world are all too happy to dole out sage advice in the form of blog posts, interviews, podcasts — you name it. Logistics strategies for streamlined fulfillment. Logistics personnel and supplier management pointers.

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

Talking Logistics

Only motivation is to save money on freight rates. RFP’s give you the opportunity to negotiate/award freight rates that will have a major impact on your budget for the year. Think outside the box, and look for opportunities to leverage continuous moves or dedicated operations to lower freight expense. When we are managing a procurement event for a customer, the project will kick-off with a discovery call. Procurement Strategy (Annual RFP, Targeted RFP, etc.).

For What It’s Worth: My Take on Last Week’s Supply Chain & Logistics News (May 30, 2018)

Talking Logistics

Every Friday on Talking Logistics, I share a list of supply chain and logistics news that caught my attention that week, along with some brief commentary and analysis. The good news is that that there is a lot of work going on in this area, such as the Blockchain in Transport Alliance (BiTA) , which already has several hundred companies in the transportation and logistics industry participating. Take a look at what’s happening in the ocean freight industry.

Flatbed Procurement: What’s Your Strategy?

CH Robinson Transportfolio

Flatbed Procurement: What’s Your Strategy? Even shippers who have more difficult freight requirements can improve acceptance rates and thrive during a tight flatbed market. 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? All freight is not created equal.

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

Logistics Bureau

Choosing freight carriers is not the easiest of tasks, so it’s understandable why companies often overlook the need for a freight review , even when such an undertaking is long overdue. Read and Heed the Signs that Freight Review is Due. But how do you know when it’s the right time to conduct a freight review? You’ve lost touch with (or have never really explored) developments in the freight service market. Changes in freight-rate structure.

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. Labor and management work out deal at Port of LA/Long Beach ( Logistics Management ). 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. Robinson, Con-way, and Transplace are Logistics Viewpoints sponsors).

Mexico 100

Top Logistics & Supply Chain Blogs We Followed in 2018 & Suggest You Follow in 2019

Shipchain

We follow an exhaustive list of supply chain and logistics blogs to make this possible. If you want to start learning, we suggest you check out these top logistics and supply chain blogs. Top Logistics and Supply Chain Blogs We Love. Cerasis is another leader in the world of supply chain and logistics. Published by MTS Logistics, this blog also focuses on the world of ocean shipping and international trade concerns, key concerns that exist in blockchain circles.

A Strategy for Shippers When Markets Telegraph Lower Freight Rates

Supply Chain Collaborator

When broader market rates for truckload freight change significantly, shippers can find themselves paying prices for shipments well outside of what current market rates should dictate. It would seem, shippers are currently experiencing this situation today as the markets telegraph lower freight rates. Here’s the rundown of today’s rate environment and what smart shippers can do to protect their freight spend.

3 Key Differences Between EU and U.S. Truckload Procurement

CH Robinson Transportfolio

Truckload Procurement | Transportfolio. Some firms want one truckload procurement process that works everywhere. Listen in on my recent discussion with Adrian Gonzalez in Talking Logistics to learn about the differences between the U.S. Truckload Procurement. Truckload Procurement | Transportfolio. During truckload procurement events, EU shippers negotiate with carriers for a committed rate in a lane for a year.

FreightWaves Live Recap: A Logistics Technology Renaissance

Transplace

FreightWaves Live Recap: A Logistics Technology Renaissance. At the recent FreightWaves Live event in Chicago, Transplace CEO Frank McGuigan sat down with George Abernathy, President of FreightWaves. A Logistics Technology Renaissance. The Transplace network currently has roughly $10 billion of freight under management. Logistics platform services make up 60% of the business, and Transplace saw a record contract year in 2019.

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

The world of supply chain and logistics is changing every day. Each one is featured as having done something unique to reinvent their supply chain and logistics. Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. In 2018, Wayfair expanded its warehouse and logistics investments in the U.S.

The Legal Implications of Transport Visibility is NOT Good News for Truckers

NC State SCRC

Our prior post discussed the benefits and challenges of visibility in logistics. The biggest issue today that shippers have to worry about is freight loss claims, personal injury, and of course, liability! GPS shipment trackers can track freight over the globe, helping to avoid cargo theft, understanding where it takes place and seeking advice of areas to avoid. But WAIT! There’s more to it than just benefits.

4 Truckload RFP Strategies to Achieve Efficiencies and Cost Savings

CH Robinson Transportfolio

As we face unprecedented market volatility, it is increasingly challenging to forecast and plan your truckload procurement strategies. Be aware that lane consistency and volatility matter and can influence your procurement strategy. Procure IQ leverages data from C.H.