Remove Events Remove Procurement Remove Sourcing Remove Transportation
article thumbnail

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.

article thumbnail

Sourcing and Procurement: One but Not the Same

Precoro

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crafting a Procurement Management Plan to Mitigate the Impacts of Inflation

Precoro

As the department overseeing an organization's external expenditure, procurement is responsible for softening the impact of inflation. In this article, we will discuss how a robust procurement management plan can help address and mitigate the effects of inflation. Procurement methodology. Objectives and scope.

article thumbnail

3 Main Benefits of Sourcing Locally

EC Sourcing Group

As consumers become more conscious of unethical supply chain practices and the impact of their purchasing decisions on local economies, companies are increasingly looking to local sourcing to support their communities and foster brand loyalty. Also, companies may need to invest in new infrastructure and processes to support local procurement.

article thumbnail

Demystifying Transportation Sourcing – A Practitioner’s View

EC Sourcing Group

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. Think strategically about transportation spend.

article thumbnail

Demystifying Transportation Sourcing – A Practitioner’s View

EC Sourcing Group

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. Think strategically about transportation spend.

article thumbnail

Definitions Matter

Supply Chain Shaman

“At the Digital Supply Chain event at SAP. Use of order patterns to execute a route guide in Transportation Planning (TMS)–route planning, pooling of less than truckload, and load tender. First pass tender percentage in transportation planning. Let’s take an example. This is a post from LinkedIn today.