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7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

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. Freight is unique.

Indirect Procurement – It’s Time to Rise and Shine!

Supply Chain Game Changer

Yet the lack of attention and focus that Indirect Procurement is often given is inconsistent with the true importance of this area. Indirect Procurement takes a back seat to Direct Procurement unfortunately. But it is time for Indirect Procurement to stand up and be counted!

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. So just how strategic are you when it comes to sourcing transportation capacity?

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.

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

In business it is not uncommon to hear the words “Logistics Management” and “Freight Management” thrown around interchangeably. What is Freight Management? But what activities are thus considered to be a part of Freight Management? Subscribe Here!

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. How will blockchain impact freight forwarding?

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

4WL Consulting

There’s been a shift from executing daily freight transactions to integrating top-level corporate planning and procurement strategies. Both Large and Mid-sized shipping companies rely on procurement personnel.

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. Source: [link] ). Source: [link] ). Source: [link] ).

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. Subscribe Here!

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.

Importing From China! The Essential Guide! (Video)

Supply Chain Game Changer

The most important factor is that due to the lower cost of materials and wages, China can manufacture goods for a far more reduced price. This indispensable guide offers a helpful run-down of product selection, sourcing suppliers, shipping, and more. Subscribe Here! Email Address.

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How Machine Learning Is Redefining Supply Chain Management

IQMS

Key factors influencing inventory levels, supplier quality, demand forecasting, procure-to-pay, order-to-cash, production planning, transportation management and more are becoming known for the first time. Source: DHL, Artificial Intelligence in Logistics, 2018 (PDF, 45 pp.,

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.

It’s Time to Welcome The Supply Chain CEO!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Whereas different Supply Chain functions used to be siloed (planning, operations, procurement, etc.), Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Subscribe Here!

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.

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

Supply Chain Game Changer

Source: [link]. Source: Wikipedia [link]. Source: [link]. Source: [link]. ” Source: [link]. Source: [link]. ” Source: [link]. SCM #SupplyChain #Technology #blockchain #AI #Iot #Logistics #Procurement. Subscribe Here!

Are These the 5 Biggest Fallacies in Supply Chain or is it Fake News?

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. It’s becoming more strategic, as companies integrate their Supply Chains and use them as a source of competitive advantage – instead of just a back-office function. The goal is to make the origin of goods more transparent, allowing companies to prove that goods haven’t come from workers under abuse or unsustainable sources. 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. Companies will always need people who can build relationships with vendors when conducting large-scale Procurement.

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

Supply Chain Game Changer

We’ve built a peerless network in the areas of Procurement, Logistics, Change Management, Strategic Sourcing, Planning, and other functional areas in Supply Chain. Do you want to focus on the Procurement side of things, or more on the Logistics and Planning side? Subscribe Here!

Multimodal 2015 – Advanced Supply Chain Management and Logistics for Cargo Owners

Supply Chain Movement

Entering its eighth year, Multimodal has grown to become the UK and Ireland’s premier freight transport and logistics event. It is this ability to present the entire freight transport and logistics supply chain under one roof that makes Multimodal the go-to event for shippers, importers, exporters, manufacturers, wholesalers, retailers – all seeking ways to run a slicker supply chain. Manufacturers. Multimodal 2015. Date: 28 – 30 April 2014.

The Data Behind Amazon’s Logistics and Fulfillment Play

Freightos

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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Screen Time! Is That Enough To Be Good In Supply Chain?

Supply Chain Game Changer

There are over 4 Billion internet users worldwide spending over 6 hours per day on their devices (Source: [link] and [link] ). The number of IoT (Internet of Things) Connected devices is expected to grow from 23 Billion in 2018 to 31 Billion by 2020 and up to 75 Billion devices in 2015 (Source: statistic.com). I have spent a phenomenal amount of time in Warehouses, on Manufacturing floors, in Distribution Centres, at Supplier locations, and in Customer offices.

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Supply Chain Impacts of an Increasingly Protectionist World!

Supply Chain Game Changer

And they had no experience or expertise in global procurement, sourcing, or vendor management. But it was also clear that the goods they wanted to buy could only be procured from these other countries. This was not just a matter of low-cost sourcing. Subscribe Here!

Chuck Intrieri Executive Profile

The Logistics of Logistics

Mr. Intrieri is a highly experienced and credentialed supply chain professional and is a recognized thought leader and innovator, primarily in the areas of Third Party Logistics (3PL), Supply Chain Optimization, and Logistics, strategic sourcing, international procurement, supplier management , contract negotiations and reviews, and purchasing operations. Experienced logistics and supply chain consultant, Chuck Intrieri is a new contributor to TheLogisticsofLogistics.com.

[INFOGRAPHIC] Expert Reveals 7 Supply Chain Trends to Watch

Cerasis

However, complex supplier relationships, unreliable sources of material supply, and ever-increasing customer expectations greatly add to the expectations to select the best suppliers and conduct their operations more efficiently. All of these aspects impact procurement processes.

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QAD Supplier Portal: An Introduction

QAD

Manufacturers are realizing the benefits of tightening relationships with suppliers to better manage the procurement of goods and lower supply costs. This builds a more effective manufacturer-supplier partnership that lowers inbound supply costs and improves supplier performance.

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.

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What are 1PL, 2PL, 3PL, 4PL, and 5PL?

Abivin

1PL: 1st Party Logistics Image Source First-party logistics service provider is a firm or an individual that needs to have cargo, freight, goods, products or merchandise transported from point A to point B.

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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.

[INFOGRAPHIC] 3 Core Supply Chain Management Trends Gearing Up to Change SCM Forever

Cerasis

Jabil sponsored a global Dimensional Research survey to capture hard data on current experiences, challenges and trends with the supply chains of electronics manufacturing companies. Data can indicate issues with procurement , product quality, and delivery.

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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. Therefore, having an indisputable source of information, such as blockchain technology, may be used to develop consistency and clarity in managing supply chain SLAs.

How Product Design Impacts the Supply Chain

Logichain Solutions

Collaboration between marketing, product development, finance, procurement and supply chain teams saves costs along the value chain and gives your brand a competitive advantage. This applies to road transportation as well as sea and air freight.

Should We Celebrate this Marriage?

Supply Chain Shaman

At the time, we were both deployed as consultants for Manugistics to help a manufacturing company to implement end-to-end planning. There is no solution to optimize source, make and deliver together or drive bidirectional orchestration to execute trade-offs between functions automatically.

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5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Inventory visibility is one of the critical aspects of any manufacturing business. Companies should understand that inventory visibility is one of the most critical management tools of the manufacturing business as it boosts profitability.

What Value Are You Getting From Planning?

Supply Chain Shaman

Outsourcing–procurement, manufacturing and transportation– decreased visibility and increased data latency. The problem is that the acceptance of lanes by the carriers does not force the carrier to accept the freight when tendered.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. According to the American Trucking Association, in the USA trucks move 11 billion tons of freight each year; deliver 100 percent of all consumer products and 70 percent of all freight tonnage; and deliver to the 80 percent of U.S.