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. Cluster and Consolidate Shipments to Create More Predictable Demand for Suppliers and Carriers. As a result, more shipments can be placed on “fast lanes,” reducing overall freight spend and duration of shipments.

Real-time Capacity Matching: Making Brokers More Efficient

Talking Logistics

The real-time freight visibility space was particularly hot in 2017, with two major acquisitions announced last year, including Descartes’s acquisition of MacroPoint in August 2017. Visibility Enables Faster Procure-to-Pay and Order-to-Cash processes : for example, you can leverage Electronic Proof of Delivery (ePOD) and geofencing to initiate invoicing and payment process. . is what drove the first wave of demand for real-time freight visibility solutions.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Some people want physical activity, some want something more intellectual or analytical, and still others want some combination of both. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! Advanced Analytics will support real-time decision making based on data captured across the supply chain. With analytics, businesses can more effectively predict and fill demand. The post Supply Chain Predictions!

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Artificial Intelligence, Predictive Analytics, and Voice Activated Technology are key enablers that will allow for Intellectual Automation. Planning, Procurement, Manufacturing, Logistics, Inventory Management and more are most often activities assigned to some internal organization.

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.

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. Providers will need to focus on predictive analytics to get ahead of tomorrow’s needs by adjusting operations to reflect today’s immediate demand.

Trends 294

Machine Learning and the Business of Tomorrow

Enterra Insights

Machine learning is providing the needed algorithms, applications, and frameworks to bring greater predictive accuracy and value to enterprises’ data sets and contributing to diverse strategies succeeding.”[1] ”[1] Dr. Nipa Basu ( @nipabasu ), Chief Analytics Officer at Dun & Bradstreet, adds, “Machine learning is changing the way businesses look at data and presenting new analytics opportunities for companies of all sizes.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement. Freight transportation costs in the United States amount to about 6% of the GDP, which means that a large portion of a company’s supply chain costs come from transportation. When freight costs are high, even seemingly small oversights can result in unneeded expenses that could have been avoided and thus cut into overall profit margins.

The 6 Trends Third Party Logistics Service Providers Will Drive to Empower Shipper Success in 2017

Cerasis

Take a moment to think about how these remaining six trends will impact the shipping and freight industry as a new administration takes control. Thus, management teams must have access to immediate freight and shipping rates and information, allowing better consolidation and optimization of incoming and outgoing shipments. Hyper-Local Demand Will Drive Last-Mile Freight Delivery and Optimization.

Trends 2019: Manufacturing

Enterra Insights

Below are some of the predictions pundits are making about how the manufacturing sector will change in the years ahead. technologies that interact, communicate and create lakes of vital freight information is now entering the supply chain and these will be instrumental in bringing about the smart supply chain.”[2] Advanced analytics. CB Insights analysts predict, “Augmented reality could transform worker training and safety in complex manufacturing.”

Trends 100

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Democratizing purchase orders or predictive analytical data such as Point of Sale information can dramatically improve demand visibility, while reducing the negative consequences of poor forecasting such as the Bullwhip Effect. Outcomes: reduction in delays/human error in paperwork, visibility into procurement, international compliance. Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain.

Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

Consider the following – all in one integrated solution: - full functionality SaaS TMS operational in large scale in all major global regions - a fully integrated global network of carriers across all modes - seamless integration to global trade compliance - automated customs documentation and filing; and - all of this deployed via a SaaS/Cloud solution 80+% of your global carriers and freight forwarders are already in the network. Business environment changes quickly.

Realities and Misconceptions of 4PL Relationships

Talking Logistics

4PLs are an extension of that model going beyond physical logistics to add the elements of Procurement, IT and Finance.”. These include: Procurement: establishing relationships with suppliers and holding the contracts on behalf of the customer. Finance: freight bill validation, audit, and payment.

Automation in the supply chain to get major boost in 2019

EFT

This was followed by predictive analytics (54%) and the Internet of Things (IoT), which was a major growth area in this year’s results. Gabi Weisel, Director Global Indirect Procurement, Estée Lauder.

50 expert tips on logistics planning and strategy

6 River Systems

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. The need to predict demand is fairly obvious.

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

Talking Logistics

I will be wrong again,” I stated last year before making my supply chain and logistics predictions for 2017 , and I was right. In short, I continue to be wrong — and sometimes right — with my supply chain predictions. That’s the main question behind this prediction.