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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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Two-Thirds of Organizations Say Reducing Supply Chain Disruption Has Increased in Priority in Response to Recurring Black-Swan Events

ivalua

As global risk factors evolve, organizations could leave themselves unprepared, creating unnecessary disruptions that are largely predictable — and in many cases avoidable,” comments Alex Saric, smart procurement expert at Ivalua. About the research. The study was conducted by Forrester Consulting in March 2022 on behalf of Ivalua.

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Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

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Why Is Promotion Planning Important In Inventory Management?

Logistics Viewpoints

Why should we consider Promotion Planning in Inventory Management? Whether it be e-commerce, brick-and-mortar, or both, retail companies care about the inventory they keep. During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand.

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10 Inventory Control Techniques That Are Evergreen

SCMDOJO

Understanding the most valuable inventory control techniques, along with utilizing inventory control template Excel, is essential if you want to ensure effective inventory management. The primary goal of inventory control is to reduce the costs associated with holding stock.

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Inventory Carrying Cost: Formula, Definition & How to Calculate

Unleashed

Inventory carrying cost is an essential figure to understand. Without it, you’ll struggle to accurately measure profitability or make informed decisions around inventory management and cash flow. What is inventory carrying cost? Why is inventory carrying cost important?

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2024: Planning for Success Amid the Uncertainty

Logistics Viewpoints

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Logistics and inventory management rounds out the top four focus areas at 82 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM).