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10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ.

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

Cerasis

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. 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. Integrated Procurement and Payment Systems Simplify the Process.

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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.

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., How will blockchain impact freight forwarding? Transparent & secure. The blockchain database is transparent and secure which makes payment process and settlement order easily accessible across different ledgers. The sharing of information on the manufacturing process, assembly, delivery with vendors and suppliers becomes transparent and efficient.

How Freight Disrupted Itself: The View From Within A Changing Industry

Freightos

How Freight Disrupted Itself. In the last year, a new dynamic has begun to reshape the freight industry. Phil knows his (freight) stuff. In his PhD thesis he developed a product to secure ocean freight rates with financial derivatives. Declining Freight Rates. Phil adds that something else has contributed to declining freight rates. Knowledge is power, and this knowledge is keeping freight rates at low levels.

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

Supply Chain Game Changer

What if a hurricane destroyed our manufacturing building? Without raw materials, components, subassemblies, products or services a company will not be able to manufacture, distribute, sell and deliver to its customers. There are many factors which can lead to an inability to secure supply of the goods or services that you need to conduct your business. Trade wars , tariffs, and demands for the repatriation of manufacturing jobs are central to Supply Chain sourcing activities.

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.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products. In the majority of today’s cold-chain operations, data from condition monitoring is either nonexistent or requires hours or days to procure – making it inactionable. Intelleflex ZEST Data Services is a secure, multi-tenant cloud-based data collection platform for aggregating permission-based sharing of information.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

The back bone of all of it is Digital Technology: The Internet of Things (IoT) End to End Digital Connectivity Cloud Computing Blockchain Big Data Artificial Intelligence Predictive Analytics Machine Learning Virtual Reality Augmented Reality Voice Activated Technology Wearable Devices Robotics 3D Printing and On Demand, Additive Manufacturing Cyber Security Autonomous Vehicles Drones Software as a Service (SaaS) and much more. Subscribe Here! Email Address.

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. Overcoming these challenges, regional chemical manufacturers and suppliers are now forced to rethink and readjust their global supply chain model. So how can companies in the GCC chemical industry secure the future of their supply chain networks via integration? Ultimately, companies that appear robust, go beyond supply security and adopt multiple strategies to drive value.

What Exactly is Blockchain? And How Does it Work? (Infographic)

Supply Chain Game Changer

When a block is completed, it creates a unique secure code that ties it to the next block.” Material Suppliers, Manufacturers, Distributors, Shippers, Carriers, Logistics companies, and Customers all want to know where goods are in the Supply Chain. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. SCM #SupplyChain #Technology #blockchain #AI #Iot #Logistics #Procurement. Subscribe Here! Email Address.

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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Managing Supply Chain SLAs Through Blockchain: Is Blockchain the New Incoterm?

Cerasis

The list of Incoterms is created and managed by the International Chamber of Commerce , and managing supply chain SLAs relies heavily on this decades-old list to ensure consistency and clear communications in contractual details for moving freight. Blockchain Eliminates Uncertainty Blockchain has great potential in eliminating counterfeit products and tracking freight, which costs upward of $250 billion annually, reports Share America , as well as manufacturing, processes.

Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

Procurement. Procurement can also have RPA do dynamic searches of websites to source or conduct market research for future buys and tenders. Freight Management. Freight management is driven by time-critical, manual tasks.

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

The Logistics & Supply Chain Management Society

A significant paradigm shift in procurement and inventory control is an emerging area of focus. The short-term strategy to build resilience, is to focus on three major elements, essential to keep freight moving. .

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Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to obtaining what you need to keep your business and products moving—whether you’re sourcing raw materials, manufactured accessories, or transportation capacity—can help avoid unforeseen disruptions and create a competitive advantage in today’s changing market. Do you know which carriers handle the majority of your freight? Business Innovation Supply Chain Consulting Global Supply Chain Procurement Sourcing

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Multiple manufacturers, multiple relationships, multiple distribution models, multiple contracts. Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants.

6 Key Supply Chain and Logistics Trends to Watch in 2017

Logistics Bureau

The situation is changing however, as more and more MHE manufacturers bring warehouse robotics to market. Shippers can easily find space for their goods on a truck using “Convoy”, a form of crowd-sourced freight service. What it does mean however, is that you will need to be increasingly cautious about what kind of organisation you are dealing with when procuring services and solutions.

Letter from the CEO: Market Update May 21, 2020

Transplace

We are continuing to see heavy freight solicitation from our carrier base. Most dry van carriers saw a decline in activity but were able to mitigate much of the cost implications by furloughing drivers, freight handlers (dockman), and back-office staff. For many Canadian shippers, manufacturing, automotive, and retail (clothing / furniture) has been negatively impacted as generally is the trend for these segments. The air freight market is still extremely volatile.

6 More Logistics Technology Trends Enabling Success in 2018

Cerasis

However, logistics focuses expressly on the movement and storage of products, while the supply chain goes into deeper detail, including manufacturing processes, procurement, and the flow of goods. Further, we may see, as we are now in manufacturing, the rise of cobots, or collaborative robots, as coined by Rethink Robotics. Freight sharing apps are one of the major app categories that will see a significant boost throughout 2018.

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More than storage: What warehouse services can a 3PL provide?

Kanban Logistics

For example, let’s say your product is manufactured and packaged in China and is shipped to you in North Carolina for distribution here. ports, foreign trade zones are secure areas that are under U.S. Manufacturing logistics services. Third-party procurement.

5 More Transformative Supply Chain Technologies Supply Chains Will Focus on in 2018 to Move to the Next Level

Cerasis

While most brands have already integrated live system tracking, secure data exchange processes, and visibility and traceability throughout systems, the use of cloud-based technologies will begin to have a major impact on procurement processes as well, says Marc Wins of Procurement Academy. Supply Chains Will Develop and Take Advantage of Transformative Supply Chain Technologies, like Freight Sharing Apps.

5 Supply Chain Mistakes that Handicap Business Performance

Logistics Bureau

While measuring cost-to-serve can be quite a complex venture, failing to do so is one of the most common and costly supply chain mistakes made by today’s manufacturing and sales enterprises. A Lack of Freight-cost Knowledge. You might be surprised at the number of manufacturing and sales organisations that lack understanding of the freight transport market , especially the factors which drive carriers’ costs and hence the rates they charge their clients.

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

Talking Logistics

As history has shown, terrorist attacks and regional conflicts (and how the world responds to them) affect oil prices, stock markets, consumer confidence and spending, and trade lanes — and they can trigger new regulations and security measures, which could increase supply chain costs and lead times. For related commentary, see: On-Time In-Full (OTIF) and the Growing Demand for Real-Time Freight Visibility. Source: Evan, Flikr. “I

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. In the procurement space, what I want to be able to assess is risk management. There will be more in-country manufacturing and safety stock.

2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

Cerasis

We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. We have already covered the top 6 trends for 2016 in manufacturing. Real-time system integration, secure data exchange, visibility and traceability between disparate systems across multiple supply chains and industry verticals are just some of the options already available through technology,”.

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How the best shippers manage capacity challenges

DAT Solutions

What can shippers do to make their freight attractive to carriers? Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. – David Domencic, Senior Manager of Transportation Procurement, Armada Supply Chain Solutions. The product requires drivers to actively secure the steel with straps and racks, but not all drivers are willing or able to do that.

The state of supply chains: Aerospace

EFT

Airframe and aero-engine manufacturers were on a growth trajectory until March’s mayhem which saw global population lockdowns and suspension of travel plans, with around 98% of all flights cancelled and the majority of the world’s passenger jets parked, overnight.

How the best shippers manage capacity challenges

DAT Solutions

What can shippers do to make their freight attractive to carriers? Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. – David Domencic, Senior Manager of Transportation Procurement, Armada Supply Chain Solutions. The product requires drivers to actively secure the steel with straps and racks, but not all drivers are willing or able to do that.

BluJay Solutions Receives PEPPOL Compliance Accreditation

BluJay Solutions

PEPPOL is the Pan European Public Procurement Online network that enables government organisations and private companies to exchange electronic trading documents over an interoperable, European-wide network. This provides an interoperable and secure network connecting all Access Points using the same electronic messaging protocol and formats and applying digital signature technologies to secure message content.

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Which is why, manufacturers can achieve holistic Inventory Optimization, by considering both supply and demand fluctuations. . What is Inventory Optimization?

Inventory Optimization 101 – Smart & Effective Inventory Management

ThroughPut

Inventory Optimization is defined as a method of balancing the manufacturers’ capital investment constraints and goals along with the defined service-level goals over a large assortment of stock-keeping units (SKUs) while considering all demand and supply volatility situations. Which is why, manufacturers can achieve holistic Inventory Optimization, by considering both supply and demand fluctuations. . What is Inventory Optimization?

7 Ways Transportation Companies Can Improve Customer Experience

MercuryGate

Security Our Thorough And Comprehensive Security Program Discover A Secure TMS Learn More arrow_right_alt. Limit Unnecessary Check Calls for Freight. Streamline Freight Tendering by Sharing Customer Data From the Moment of Ordering. search. close.

Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

If supply chain complexity, global competition, information collection challenges, climate change, natural disasters, and protectionism aren’t enough to worry about, Benjamin Roussey insists five IT security risks are going to make 2018 a nightmare for risk managers. He writes, “2018 will bring unprecedented IT security threats and challenges for all businesses.”[2] Security threats for the Internet of Things (IoT).