Remove Freight Remove Groups Remove Inventory Remove Procurement

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. Does procurement add to top line revenue.

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Inventory Turns 3. (10%). By definition the Peer group that is providing their Opinion scores is restricted to large companies voting on other large companies. The Gartner opinion group is also restricted to 42 voters. Further an Inventory turn of 1.0 Subscribe Here!

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Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

Check out What Exactly Is Procurement? A well constructed Procurement Strategy will raise the value of the Supply Chain to your company. “Commodity Management” may also be referred to as Category Management, Strategic Procurement or Merchant Management for instance.

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

When the organization is truly dysfunctional each of these functions works at cross purposes, finger pointing as to the deficiencies of other groups, and basically undermining the ability of the overall company to succeed. Subscribe Here! Email Address.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

To adapt, I recommend that companies form two groups: Operational/Business Continuity Group. This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain.

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. 150 years of Lloyd’s helps back this new website, which includes frequently updated information on freight and shipping information. Ocean freight is split into 14! Freight Dawg.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

Realising operational and cost efficiencies will reduced lead times, improved forecast accuracy and increased inventory turnover. Successful collaboration will result in several benefits – reductions in lead times, improved in-stock fill rates, improved forecast accuracy, and increased inventory turnover. Only 17% of global chemical companies are “digital champions” (Boston Consulting Group) – also confirmed by GPCA on status of GCC chemical industry.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? Achieving end-to-end supply chain visibility has always been (and remains) a top priority for companies, but in the past couple of years, the spotlight has been on a particular segment of the process: achieving real-time freight visibility. Kenco Group (a Talking Logistics sponsor) is a great example.

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

As an offspring of globalisation, supply chains are focused on optimisation – cost reduction, just-in-time deliveries and tight inventory-to-sales ratios. A significant paradigm shift in procurement and inventory control is an emerging area of focus. Calls for more effective transportation capacity planning, inventory management, multi-sourcing and diversified supplier base strategies are crucial to mitigate business continuity in case of a crisis.

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Gartner Top 25 Supply Chain List! Is it Still Relevant?

Supply Chain Game Changer

Inventory Turns 3 (10%). By definition the Peer group that is providing their Opinion scores is restricted to large companies voting on other large companies. The Gartner opinion group is also restricted to 42 voters. Further an Inventory turn of 1.0 Subscribe Here!

Top 5 Roadblocks to Effective Inbound Logistics Management

Cerasis

If your vendors do not understand your organization’s policies and procedures regarding inbound freight , how can they adhere to your needs? A Peerless Research Group (PRG) report indicated that up to 44 percent of supply chain entities do not actively have plans in pursuing or using a transportation management system (TMS), such as the Cerasis Rater. Approximately 54 percent of companies actively run metrics on inbound freight, but these metrics may be lacking.

Aborn & Co. promotes Chris Peckham to Vice President of Operations.

Aborn and Co.

Aborn & Company, the freight management solution, announced today that Chris Peckham has been named as Vice President of Operations for the company. Chris was Director of Supply Chain at SharkNinja where he was responsible for procurement, inventory management, and new product development.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. It was enough to prompt Foxconn Technology Group — a huge supplier of consumer electronics with 800,000 employees — to announce that its factories in China would be running at normal pace by the end of that month.

6 Things to Consider as You Plan Your 2016 Budget

CH Robinson Transportfolio

SOLAS requirements and processes remain unclear to many carriers in various discussion groups. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map , which was written collaboratively with Boston Consulting Group. In my opinion, there will be more than one way to procure capacity, rates, and services for the 2016-2017 season.

This Week in Logistics News (October 8-12, 2018)

Talking Logistics

I have to go to the grocery store again today to replenish our inventory (yeah, I don’t shop for groceries online; as the son of a bodegero, I’m old fashioned that way.). Transplace Acquires Yusen Logistics’ Intermodal & Freight Brokerage Group.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

According to PLS Logistics , global companies will install procurement managers in China for entire organizations by 2025. To meet this increased demands, more manufacturing and logistics partners are looking for ways to shorten product lifecycles through improving inventory management systems, changing shipping strategies and altering the fundamental ways products move from point A to point B. The election is over, but the race is just starting for logistics providers.

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5 Supply Chain Mistakes that Handicap Business Performance

Logistics Bureau

group which require the most attention. ” label will be very apt, since you’ll probably be shocked to find that at least some customers or products in this group will actually be revealed as totally unprofitable. Increases in obsolete and/or excess inventory. A Lack of Freight-cost Knowledge. B) Using the wrong carrier and paying more for your freight than you need to. Reduce freight costs. Understand and evaluate your freight costs.

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

Visibility : A TMS makes it easier for a logistics manager to have freight visibility along the way so that everyone involved, including the customer knows exactly where the shipments are at any time. A study by ARC Advisory Group has found that the use of transport management system results in a saving of approximately 6 percent. Users have attributed the savings to lower cost mode selections, better routing, and better procurement negotiations.

Why investors are looking at supply chain technologies in 2020

Requis

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. No one’s saying we’re going to replace them any time soon, so the CFO can continue to get his financial and inventory data, but we can better manage execution decisions in transportation or a planning decision around inventory positioning using AI/ML and real-time data.”.

The end of just-in-time?

EFT

Toyoda cut down on excess inventory, with components and spares only ordered when needed and kept in low numbers within the factories. Keep upstream suppliers on short notice to produce inventory as needed and watch the profits grow. Those upstream suppliers had to be as flawless as the just-in-time production facility, providing inventory or raw materials on time, every time.

This Week in Logistics News (April 4-8, 2016)

Talking Logistics

MercuryGate Launches Global, Omni-modal Freight Procurement Solution. Hub Group Inc., As reported by Robbie Whelan in the Wall Street Journal : Stifel last week released a report targeting the entire truckload industry, writing that “pricing pressure is rampant in the generic freight market,” which includes most types of trucking services, while railroad carload pricing and freight rates among parcel carriers are on the rise.

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28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

All of the above (and other down-stream KPIs and processes) are heavily influenced by the accuracy of a demand forecast: if the demand forecast is much more accurate, a company is more likely to have the right product, in the right quantities in inventory and will have less of the products in inventory that is not required. Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company.

6 Things to Consider as You Plan Your 2016 Budget

Talking Logistics

SOLAS requirements and processes remain unclear to many carriers in various discussion groups. You can read more on the topic in our recent white paper, Wide Open: How the Panama Canal Expansion Is Redrawing the Logistics Map [DK1] , which was written collaboratively with Boston Consulting Group. In my opinion, there will be more than one way to procure capacity, rates, and services for the 2016-2017 season.

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8 key benefits of effective supply chain management

6 River Systems

Data-driven SCM provides visibility from end to end for monitoring the flow of information, services and goods from procurement to manufacturing and delivery to the end consumer. Improved quality control Quality control issues follow the rule of 10, explains Arshad Hafeez, Global Expert for Supply Chain Management and Quality Control, SCM-Group Function (GF) in an article for CIO Review.

50 expert warehouse optimization tips and techniques

6 River Systems

” – Emma Sturgis, 10 Great Warehouse Optimization Tips for Small Businesses , Fishbowl Inventory 4. If it’s jam-packed full, you’re typically moving inventory in and out, and you’re taking up valuable time and additional labor.” Use slotting to minimize inventory loss.

A Few Thoughts about Supply Chain Management

Enterra Insights

Ask a person on the street what constitutes supply chain management and my guess is they would say SCM means ensuring the entire supply chain, from procurement of raw materials to product delivery, runs smoothly. ” Brian Hodgson ( @fivepond ), Senior Vice President of Industry Strategy for Descartes Systems Group, Inc.,

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Keys to a Successful Dropship Implementation

Talking Logistics

It is possible, but it would be a very manual process, with many emails and spreadsheets sent between procurement and vendors. A dropship program ultimately involves many functional groups with the company, including procurement, merchandising, transportation, operations, customer experience, information systems/technology, finance, e-commerce, and possibly others.

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Omnichannel is another Word for Complexity

Enterra Insights

She adds, “There is more you could group under omnichannel, but that’s a good start.” David Egan, head of industrial and logistics research in the Americas for the CBRE Group, told Burnson, “These mega-facilities serve as the backbone of retailers’ fulfillment networks, distributing goods across multi-state regions. ” Burnson goes to note that e-commerce is having an impact on air freight hubs, maritime cargo, middlemen, and intermodal operations.

Supply Chain Movement 21 – S&OP + IT

Supply Chain Movement

In the last three years we’ve developed our strategy, centralised procurement, purchasing and manufacturing aligned our portfolios across all categories globally and developed our exclusive brands portfolio. 29 | Checklist Freight Spend Management. There are numerous ways a shipper can reduce freight spend. And freight costs are continuing to rise, pushed upward by factors such as globalized distribution and unpredictable fuel prices.

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Expert Research, What Happened with IMO 2020 Fuel Prices?

Aborn and Co.

Now some of this is certainly attributable to lower volumes of freight coming out of China related to the timing of Lunar New Year and, of course, Coronavirus-which continues to remain a significant issue and is not only driving down exports from China but also driving down imports to China. Chris was director of supply chain at SharkNinja where he was responsible for procurement, inventory management, and new product development.

What is SCM and Why is it Important?

Oracle SCM

It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. Oracle’s procurement solutions allow you to improve negotiations, make smarter spending decisions, and more effectively manage source-to-settle processes.

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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. Another major source of risk is the unreliability of global logistics channels, especially the challenges associated with ocean freight lines, which are becoming increasing unreliable. 2013 has certainly been an interesting year!

7 Mini Case Studies: Successful Supply Chain Cost Reduction and Management

Logistics Bureau

The company was replenishing dealers’ inventory weekly, using direct shipment and cross-docking operations from source warehouses located near Deere & Company’s manufacturing facilities. Supply Chain Cost Management Results: Deere & Company’s supply chain cost-management achievements included an inventory decrease of $1 billion, a significant reduction in customer delivery lead times (from ten days to five or less) and annual transportation cost savings of around 5%.

50 expert tips on logistics planning and strategy

6 River Systems

“A centralized group can also help to resolve another common concern: it’s hard for an expert to have credibility across the company when he or she is remote and attached to a particular business unit. Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts.

Quick and Easy Tips for Cost Reduction in Supply Chain Operations

Logistics Bureau

Segregate your customers into sensible groups that have similar service needs. This one too is obvious, yet many businesses don’t effectively manage their stock (inventory) effectively. Even small improvements in inventory management can add up to a whole lot of savings over time. Your answers might help you identify some quick steps to save through effective inventory control: Do you practice clarity and honesty when reporting inventory levels?