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.

Expanding Your Ocean Freight Procurement Strategy

CHAINalytics

As you push forward in your ocean freight transport bid for 2019, we’d like to address some additional factors you should consider in order to get the most out of your sourcing event and help keep your budget and balance sheet in line with business objectives. (In

Tips for Maintaining a Successful Ocean Transportation Procurement Event

CHAINalytics

| By John Westwood | Senior Manager, Transportation | Chainalytics | With mergers and alliance formations limiting carrier options for ocean freight procurement, shippers now have to adjust their bid strategies to achieve the best possible rates and service levels.

Tips for Maintaining a Successful Ocean Transportation Procurement Event

CHAINalytics

The post Tips for Maintaining a Successful Ocean Transportation Procurement Event appeared first on Chainalytics. Blog Transportation Minimum Container Quantity MQC Ocean Freight Ocean Transit Variability Ocean Transportation Procurement Vessel Sharing

Five Technology Trends That Will Change Global Freight

Freightos

Five Tech Trends That Will Change Freight. Increasingly they are running procurement and logistics departments. VC ❤️ Freight Startups. In a decade’s time, freight will likely still be moved in containers and boxes on airplanes and ships.

Transport Procurement: 5 Tips to Make Your Next Tender a Success

CHAINalytics

Every year at Chainalytics, our global transportation practice supports anywhere from 30 to 50 transportation procurement events – depending on the state of the freight market. While much of our time is spent on the execution of the actual bid event, we’ve come to realize that the pre-bid work is what really has the most … The post Transport Procurement: 5 Tips to Make Your Next Tender a Success appeared first on Chainalytics.

Shippers Discuss Freight Procurement Strategies and Concerns at Chainalytics’ Annual FMIC Summit

CHAINalytics

| By Kevin Zweier | Vice President, Transportation | Chainalytics | We recently concluded our Freight Market Intelligence Consortium (FMIC) Summit in Denver in late April.

How to Plan for Common Disruptors in Ocean Freight

Talking Logistics

Peak season for ocean freight shipping is underway. This blog examines the “red” times, like the roughly three-month period we have just entered that is historically one of the regular disruptors in the ocean freight market. History can inform how we approach the next significant event.

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., Blockchain is a distributed database that contains records of events in continuity which can be assessed and inspected by users. How will blockchain impact freight forwarding?

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. Declining Freight Rates.

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. It is this ability to present the entire freight transport and logistics supply chain under one roof that makes Multimodal the go-to event for shippers, importers, exporters, manufacturers, wholesalers, retailers – all seeking ways to run a slicker supply chain. Multimodal 2015. Date: 28 – 30 April 2014.

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.

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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? 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. As the dust has settled in Q1 of this year, many shippers have now gone out to bid through procurement processes. Procurement’s Not the Only Answer.

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. Changes in freight-rate structure.

OPEC Or The Chinese New Year? Freight Prices Going Forward

Freightos

Freight Prices Going Forward. But even though this is effectively limiting production of 1% of the world’s global oil supply , it won’t impact freight prices. The Year of the Rooster: Early Freight Pricing. What does this have to do with price of freight in China?

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.

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.

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. Do you conduct procurement events often enough and at the right time?

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. Truckload Procurement. Truckload Procurement | Transportfolio. This is because: Shippers do not actually commit to freight volumes.

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.).

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

Supply Chain Game Changer

We have the ability to see, track and manage Supply Chain events from your Smart Phone. Business Process Optimization Freight and Logistics Human Resources Procurement Supply Chain Management Technology Business HumanResources IoT SCM Supply supplychainSubscribe Here! Email Address. Check out Quantum Leap to the Top 10 Supply Chain Skills of the Future! How many screens do you have? You likely have a Cell phone or a Smart phone.

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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.

Experts Choice Of Top Online Logistics Resources

Freightos

So much so that it is split into seven topics – aircrafts, airports, capacity and demand, carriers, freight trends, traffic and viewpoints. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking.

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

NC State SCRC

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.

Tips for Effectively Managing E-Commerce Logistics

Cerasis

As a result, freight spend as a whole has increased, but passing this cost along to consumers will only serve to undermine the productivity and brand value gains through e-commerce. Obviously, shippers are not all-powerful, and adverse events, like bad weather, do occur.

Letter from the CEO: 2019 Outlook & Strategies to be Successful

Transplace

The confluence of a high performing economy with finite trucking capacity that had already been impacted by regulatory changes, a driver shortage and severe weather events, resulted in capacity constraints and, ultimately, exorbitant freight costs.

Inbound logistics requirements for the new automotive supply chain

The Network Effect

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. SMMT/Ltd Flickr.

The Truth About Multi-stop Truckload Shipping

CH Robinson Transportfolio

Continuous moves are a single load with multiple legs that was part of the procurement event and awarded to a service provider. Freight Services Transportation Market Over the Road TruckloadThe Truth About Multi-stop Truckload Shipping | C.H. Robinson.

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. . 20Cube Logistics is a global freight forwarding, Customs clearance, and warehousing service provider.

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What Value Are You Getting From Planning?

Supply Chain Shaman

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. The way to measure this is to study sensing and translation by item type: new product acceptance, competitive activity and weather events.

Aspects of Shutdown Planning - Safety & Procurement

Infosys Supply Chain Management

Procurement: After identifying the equipment, for the detailed task that would be executed determine the list of spare parts required. Procurement considers and involves a gamut of factors and activities to be done beforehand. Itemize the spares that need to be procured and these are generally classified as MRO (Maintenance, Repair and Operation) in manufacturing organizations. A shutdown can be an overwhelming undertaking if managed as a single, stand-alone event.

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TMS for SMB: A Case Study with Carhartt

Talking Logistics

Its freight spend? Procurement & Contract Management. Visibility & Event Management. Freight Bill Audit & Pay. What defines the small and mid-sized business (SMB) market for transportation management systems (TMS)?

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

In other words, stakeholders in a supply chain can react quickly to event information and automate their responses. Outcomes: less waste in time, energy, and money; preparedness for unexpected events (resistance to disruption in the chain); ability to identify issues quicker and with more accuracy; streamlined recalls. Outcomes: reduction in delays/human error in paperwork, visibility into procurement, international compliance.

How to Prepare for Tight Truckload Capacity

TMC

In the aftermath of Hurricane Harvey—and as Hurricane Irma moves closer— truckload capacity is tighter than it has been for years, giving some shippers challenges in covering freight. Carriers value different characteristics in their freight.

What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

Reoccurring events—like the holiday season—used to provide some level of predictability to ocean shipping trends in the transpacific eastbound (TPEB) trade lane. Diversification in your carrier selection lowers your risk of freight delays or cancellations. Procure enough capacity.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. Freight transportation costs in the United States amount to about 6% of the GDP, which means that a large portion of a company’s supply chain costs come from transportation. When freight costs are high, even seemingly small oversights can result in unneeded expenses that could have been avoided and thus cut into overall profit margins.

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

Shipchain

The blog reports on recent changes to policies, best practices in supply chain management, whitepapers detailing procurement through reverse logistics and much more. The blog publishes a weekly roundup of news and events affecting global supply chains, along with content on warehousing, SaaS, cloud-based supply chain systems, blockchain and more. Freight Hub. Blockchain technology is a major disruptor in the supply chain.