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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. Use of Freight Rate Benchmarking.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. Here are the top five reasons you need a transportation sourcing solution: 1. Freight is unique. Freight sourcing is as unique and complex as the transportation industry itself.

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Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions. in this case, responsible sourcing. Source Smarter. Source: Purina. Source: Nestlé. procurement #sourcing #purchasing.

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.

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.

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.

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. Source: SGX, Freightos Baltic Index. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing?

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., Well, with so much complexity, one would certainly require a reliable and transparent source to carry such enormous data and activities. This is where Blockchain is ready to transform the way the supply chain and logistics industry works. How will blockchain impact freight forwarding? The post Blockchain in freight forwarding – Is it the next big thing?

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.

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. And by providing more sourcing options, inclusiveness can make supply chains more resilient and agile — an increasingly important advantage in these uncertain times.”.

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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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

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. Supply Chain also spans virtually every industry. Manufacturing and Distribution based industries are obviously built on Supply Chain.

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Supply Chain Compensation is on the Rise!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. This week saw one of the year’s most highly-anticipated releases in the Supply Chain industry: the Institute of Supply Management (ISM)’s annual salary survey. As a recruitment company specializing in the industry, we consider it part of our mandate to spread the word about salaries in the field – and educate ourselves even further in the process. Subscribe Here! Email Address.

Are We Facing the End of Supply Chain Management?

Supply Chain Game Changer

Blog post originally published by, and permission to publish here provided by, Argentus at [link] , a boutique recruitment firm focused on Supply Chain and Procurement. Titled, “ The Death of Supply Chain Management ,” the article discusses the way that automation, AI and big data are transforming the industry. Companies will always need people who can build relationships with vendors when conducting large-scale Procurement. Subscribe Here! Email Address.

Time to Squeeze Carriers for Better Rates?

Talking Logistics

Various data points related to the trucking industry suggest we’re entering a shipper’s market. There was a deceleration in freight volumes during the second half of 2015 which continued into the first month of 2016. So, that tells me that the inventory situation continues to weigh on truck freight volumes. The Freight Transportation Services Index (TSI), which is based on the amount of freight carried by the for-hire transportation industry, dropped 0.4

5 Ways Temperature Controlled Shippers Can Boost Supply Chain Efficiency

CH Robinson Transportfolio

The increased need for adaptability and agility sums up what nearly everyone is feeling these days—this is particularly true for companies shipping temperature sensitive freight when timing is critical. Freight and Transportation Services Temperature controlled Truckload services

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

A predominant issue is having single, or sole, sourced parts. If the supplier provides materials that can be sourced elsewhere then you have a path to developing a contingency plan. Their Sales teams will want to pad forecasts and hedge demand but their Procurement teams will want to give you forecasts that they are more confident in. Depending on your industry Inventory levels can be one of the very top financial assets in your company. Subscribe Here! Email Address.

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

Supply Chain Game Changer

Check out What Exactly Is Procurement? In any company or industry that sells products the cost of the raw materials and components is often the single largest expense. 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. Diversity in sourcing. Subscribe Here! Email Address.

How Transportation Management Technology & Regulations Impacted the Logistics Industry

Cerasis

Department of Transportation (DOT) could continue providing and managing the Highway Trust Fund, coordinate freight advisory committees with state freight planners or request extensions or additional sources of funding under the FAST Act. Collaboration and Inter-Management Brought Profits Across the Industry. A disruption in one shipper’s operations can cause a domino-effect in the industry. Collaboration leads to optimization of resources across the industry.

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 represents one of the most significant risks to ocean freight on the globe. Ecological responsibility and sustainable practices are both forms of social responsibility, and as more laws are passed governing the environment, ocean freight carriers will come under greater scrutiny, says Dave Blanchard of Industry Week.

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

Supply Chain Game Changer

Source: Gartner. Now ROA and Inventory benchmarks certainly vary from Industry to Industry but on an individual basis do all of the ROAs and Inventory turns for each of these companies represent the benchmark for their respective industries? It could be based on Innovations made, true industry specific benchmarks, Supply Chain capabilities, etc. Source: Gartner (May 2018). Subscribe Here! Email Address.

Overcome Foodservice Disruptions: Focus on Technology, Service Networks, and Transportation

CH Robinson Transportfolio

The entire world is in a time of adjustment thanks to COVID-19—this is especially true for the food and beverage industry. Accordingly, carriers are selective about freight. Overly complex or challenging freight needs are passed over in favor of simpler freight.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.

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. To ensure your leadership team is up-to-speed on the current market conditions, consider the following actions: DO: Be a student of your industry and create/distribute a monthly or quarterly update internally (trends, challenges, etc.). Procurement Strategy (Annual RFP, Targeted RFP, etc.).

2018 Supply Chain Trends: Omnichannel, Customer Experience, & Regulations to Shape the Industry

Cerasis

In addition, greater use of 3PLs, which usually offer better benefits, pay and freight rates than national carriers, may help actively reduce spikes in freight rates. However, the possibility of complete withdrawal from existing free-trade agreements is a source of great concern for supply chain leaders. Tariffs may increase, and fines or penalties for businesses that do choose to source operations overseas may become reality.

Seasoned Leadership in Action™ – An Interview with Bronwen Hann, President at Argentus

Supply Chain Game Changer

At Supply Chain Game Changer we believe in sharing experiences and expertise from people in every industry and from across the globe. I asked them which industries will be most important to the 21 st century, and they kept telling me about Supply Chain – a topic that was as new to me as recruitment had been when I started! It’s a great way to help give back to our network by keeping them informed about what’s going on in the industry, and to build our brand at the same time.

From Exports to Delivery: Simplifying PPE Shipping

CH Robinson Transportfolio

Over the past several months, China has been the main source for PPE. So, it’s important you’re up to date on the latest regulations to avoid your freight being held up. And due to the nature of the shipping industry, these regulations can change quickly—especially for medical grade equipment. Metered freight solutions. In this environment, we’re seeing companies turn to air freight to move their personal protective equipment quickly.

Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

You’d be hard pressed to find a major industry today that isn’t talking up blockchain as a cure-all for the ills of global supply chains. It’s more about industry adoption,” says Perez. All must agree to the precise form of that document before the release of international freight and the transfer of funds. At the same time, technical standards are needed to govern the various processes that are unique to freight transportation and other logistics-related services.

The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

These examples are from retail, but I sense that the same customer empowerment phenomenon is happening broadly across everything we do at Amazon and most other industries as well. Not even B2B is spared from these changing expectations (which is why we at Freightos launched an online freight marketplace ). Source: Amazon.com. There’s been less progress though with ocean freight, since Amazon registered as a freight forwarder several years ago.

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How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

The technology has proved to be of particular value in in the pharmaceutical industry, where the slightest deviation in temperature can ruin an expensive shipment of drugs. The technology features chips that monitor temperature and humidity within a 500-meter range of an air-freight container. Ettl says that drawback can be addressed through the use of Hyperledger , an open-sourced collaborative effort to develop blockchain technologies across industries.

Experts Choice Of Top Online Logistics Resources

Freightos

So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. Part of Peerless Media’s impressive stable of industry magazines, including Supply Chain Management Review, Modern Materials Handling and Material Handling Product News. Ocean freight is split into 14! Freight Dawg.

Our 2019 Top 10 List!

Supply Chain Game Changer

Here at Supply Chain Game Changer our fundamental mission has been to share experiences and expertise in the areas of Supply Chain, Logistics, Distribution, Procurement, Business, Human Resources and more. Hey Procurement! Procurement is a critically important function in virtually every company. Without Procurement, or Purchasing, most organizations could not even function. In this article we promote the value of Procurement. Hey Procurement!

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

The Auto Industry. With the global auto industry heavily reliant on components from China, many assembly plants in Europe have had to shut their doors and send workers home. The US auto industry is expected to follow suit as stockpiled inventory becomes depleted. These smart operators include: John Deere: The agricultural vehicle manufacturer says it expects to spend $40 million (USD) on expedited freight to ensure there is no disruption in supply. The Food Industry.