These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. Supply chain professionals must also know how they will be shipping freight. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement. Brexit Will Continue to Cause Disruptions in Procurement.

How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain

Cerasis

Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members. Unfortunately, many in the industry still uses the terms procurement and inbound logistics interchangeably, but procurement involves much more than merely managing the logistics of moving products from vendors and suppliers to your building.read More.

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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy.

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods. How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module.

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods.

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Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. Whether you’re in charge of ordering the “things” or managing how and where those things get from A to B, both sides of the procurement equation stand to benefit from freight procurement automation. The Challenges of Freight.

Full Truckload Technology: The Various Technology Involved in Full Truckload Freight Shipping Management

Cerasis

Statistics on the industry-wide use of a transportation management system (TMS), like the Cerasis Rater, are lacking. In full truckload freight management, technology will make or break plans for keeping freight spend in check. Demand for record-breaking speed of delivery and free shipping are only making the case for greater use of technology in full truckload freight shipping management, and shippers need to understand why.

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX)

Freightos

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). Today, the go-to metric for that question is typically Standard & Poor’s 500, the Nikkei, or the Dow Jones Industrial Average (a shockingly poor indicator , if you look closer). The underlying premise dates back further, even for freight. By 1985, the Baltic Exchange published its first daily dry bulk freight index. However, the industry remains incredibly opaque.

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

The Logistics & Supply Chain Management Society

The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 GPCA confirms GCC chemical industry’s key problem is ensuring a smooth flow of raw materials to reach production plants across the globe for finished good production.” But the chemical industry is still lagging in digitisation.

A Trucking Economics Lesson: How rates will respond to market changes in 2020

CHAINalytics

It’s that time of year when everyone is publishing their predictions for what the new year will hold — in whatever industry they work. So much so that our freight benchmarking group developed a new … The post A Trucking Economics Lesson: How rates will respond to market changes in 2020 appeared first on Chainalytics. At Chainalytics, many of our clients and partners come to us for supply chain and transportation prognostications year after year. (So

Blockchain Comes to the Freight Industry

Supply Chain Brain

Fuller, who is also chief executive officer of freight market analytics provider FreightWaves , saw the suitability of a technology that originally was created to support the trading of Bitcoin and other cryptocurrencies. There was a perfect storm in terms of interest in the technology and how it would potentially impact the freight industry,” Fuller says. As it stands today, however, blockchain isn’t a solution that can be instantly embraced by the freight industry.

How Freight & Transportation Data Can Trim Your Transportation Spend

Cerasis

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. In many different industries, it can be difficult to secure the kind of operational data you need to make a real impact on your spending. Accurate freight and transportation data is particularly important. With freight costs rising, the task of teasing out hidden costs is becoming increasingly critical. Freight Invoicing Reports.

Procurement Challenges Condensed

Claritum

Claritum Article - Procurement Blog. I took on the challenge of writing a condensed version of all the current Procurement challenges. I believe the issue with these articles is the broad range encompassed by the word Procurement and the constant change within this domain. To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supply chain.

Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Fixing a price is almost futile in a volatile market, and ocean freight now has much more volatility (both frequency and magnitude) than most other commodities. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. Technology rewrote industry rules and improved our listening to music. Remember iPods?

Five Technology Trends That Will Change Global Freight

Freightos

Five Tech Trends That Will Change Freight. Persistent growth in ecommerce, door delivery and expectations for “free” shipping have many in the industry talking up the potential for drones to change the industry. However recent Freightos research found that only 32% of logistics professionals believe that drones will change the industry in the next five years (with nascent signs that drones are taking on some niche shipping tasks. VC ❤️ Freight Startups.

Freight Industry Insights – FreightPOP Interviews Mike Mortson

Supply Chain Game Changer

Do you have a Freight Management Strategy or are you Spinning your Wheels? Freight Industry article originally published by FreightPOP. We recently interviewed Mike Mortson, founder of Supply Chain Game Changer, about the trends he sees in shipping and freight. Mike is an industrial engineer with an extensive background in all facets of leadership, from supply chain management, procurement, manufacturing, ops, and I.T., Subscribe Here! Email Address.

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., This is where Blockchain is ready to transform the way the supply chain and logistics industry works. How will blockchain impact freight forwarding? With the new technology, blockchain, it is possible for purchasing agents or consumer to know from where products are procured and what it takes to transport it.

An Overview of the Freight Brokering Business in 2015

Cerasis

Editor's Note: This is a blog post about the state of the freight brokering business in 2015. Cerasis is a freight broker and holds a $250,000 TIA Broker Bond. We bring this information to the community so that both shippers and those in the industry understand the state of the industry. Many shippers have been burned by freight brokers who work on behalf of the shipper for transportation procurement, accounting services , freight claims management , and more.

Big Data, Dynamic Freight Pricing and Bid Savings (maybe)

Cerasis

Editor's Note: This is a blog from our friend Augie Grasis who shows us how big data can work to our advantage with dynamic freight pricing. One of the big buzzwords in many industries is “Big Data.” Such is the case in the LTL freight industry as well. . The most progressive carriers are tracking their every move by collecting data about every aspect of their business and every piece of freight they move. Data Freight

Supplier Diversity in Logistics!

Supply Chain Game Changer

A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift. Supplier diversity is incredibly essential to keeping and retaining business and promoting transportation freight and vendors. Subscribe Here! Email Address.

[WHITE PAPER] The Freight & Transportation Management Trends to Know in 2018

Cerasis

Cerasis is excited to announce the release of an all new, exclusive, & educational resource “The Freight & Transportation Management Trends to Know in 2018” white paper! This is a must read for those in the transportation & freight industries to stay on top of their games! Although this sounds great for most industries, it represents a major problem for the freight trucking industry.

The future of the mobility industry is digitized and automated

SupplyOn

Dr. Johannes Walther, CEO, IPM AG opened the Railway Forum 2019 As the 6th Railway Forum impressively demonstrated, digitization and automation are the predominant topics in the railway industry. Under the patronage of Deutsche Bahn, around 1,400 experts from the railway industry met in Berlin at the beginning of October to discuss the current challenges of the future and their possible solutions.

Port Congestion Update – There growth in the number of containers cleared at Nhava Sheva and Mundra

Shipsy

The pharmaceutical industry has seen a slump in exports in the last end of this financial year , they had a start this year and were positive or reaching their targets of 22 Billion $.With

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. These are, historically, the biggest disruptors that occur in our industry: Chinese New Year (aka Spring Festival). All of this will cause a tightening of space for ocean freight shipping. Robinson offices, procurement teams, and customers.

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Port Congestion Update

Shipsy

The pharmaceutical industry has seen a slump in exports in the last end of this financial year , they had a start this year and were positive or reaching their targets of 22 Billion $.With How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module. The spread of the COVID-19 has effected the shipping industry in unprecedented ways.

Can Sales and Procurement Ever be BFF’s?

NC State SCRC

The relationship between sales and procurement has always been a contentious one, and the idea of a friendship evolving between the two functions is laughable in the minds of many managers I’ve met with. Sales account managers accuse procurement of being purely price focused, and not recognizing the components of value. We recognize from the outset that these conditions will vary by firm, by industry, and indeed by individual characteristics.

Moving Up The Corporate Ladder, Does Your Freight Spend Have A Seat At The Table?

4WL Consulting

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.” ” Similar transformational patterns have also been seen in the transportation industry.

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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. With the end of the year quickly approaching, some industries enter their busiest transportation season and others hit a shipping slowdown. 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.

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Integrated Supplier Management Boosts Performance

QAD

As a result, improved integration and connectivity between manufacturers and suppliers is increasingly important to avoid premium freight costs, missed shipments and subpar supplier relationships. . Excessive premium freight charges to meet customer delivery expectations.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Supply Chain involves planning, execution, physical flows of goods, the flow of information, processes, financial management, sourcing, logistics, procurement, manufacturing, distribution, logistics, repair and recycling, business management and much, much more. Supply Chain also spans virtually every industry. Manufacturing and Distribution based industries are obviously built on Supply Chain. Any company in any industry will be reliant on Supply Chain for its success.

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The State of the Industry: A Mid-year Look at Transportation and the Economy

Talking Logistics

At Transplace’s recent Shipper Symposium, a diverse group of shippers, logistics experts and analysts came together to discuss the latest industry trends and obstacles faced by supply chain and transportation professionals, and identify strategies for addressing these issues and improving operations. Below are some highlights on the state of the economy and transportation industry from the insightful discussion. A 2-4% capacity change up or down is seismic in the trucking industry.

Welcome To The Supply Chain Game Changer™ Blog

Supply Chain Game Changer

No matter what industry you are in or are touched by, all involve the movement of goods, services, and information. On top of that we want to share anything and everything related to Leadership, Change Management, Technology, Procurement, Purchasing, Distribution, Logistics, and more. SupplyChain #SCM #Logistics #Procurement #Leadership #Change #ECommerce #Business #Transformation #Freight. The Supply Chain Game Changer Blog!

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? In the second half of last year there were many factors impacting capacity in the trucking industry. 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. Procurement’s Not the Only Answer.

Disruption in the Freight Brokerage Industry: How to Secure Your Brokerage’s Future

Parade

Freight brokerages and logistics companies with capital are aggressively purchasing other companies with technology assets— this behavior has been accelerating, with a different acquisition or merger taking place every two weeks. For example, earlier this year, Redwood Logistics bought Strive Logistics, and combined, they now have over $1 Billion in freight under management. big disruption in the freight brokerage industry is coming.

Is Your Supply Chain A Cost Centre or a Value Creator?

Supply Chain Game Changer

Whatever your Industry you should be able to make comparisons to competitors, do benchmarking, and even compare yourself on key metrics across industries. Now the role of Supply Chain is certainly different from one industry to the next. From the inbound perspective he Supply Chain team typically procures raw materials, expedites their delivery. The exponential growth of E-Commerce, the Internet of Things (IoT), Industry 4.0 Subscribe Here! Email Address.