Supply Chain View from the Field

DECEMBER 16, 2013

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Not surprisingly, analytics is at the top of the list.

Predictive Analytics 117

Predictive Analytics Analytics Software Procurement Analytics Supply Chain Design Software 117

Procurement Academy

AUGUST 17, 2021

For those of us working in the field of supply chain and procurement education, it’s an open secret. But the same is most emphatically not true of supply chain and procurement. carbon freight?carrying Data analytics. Predictive modelling. And it’s not difficult to see why. Think shipment?level level real?time

Buyer Training 93

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Supply Chain Game Changer

SEPTEMBER 9, 2020

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. Important Digital Procurement Trends.

Optimal Sourcing 58

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SCMDOJO

MARCH 27, 2024

That could include AI-driven analytics, real-time tracking, and integration with loT devices. It encompasses a wide range of features from freight forwarding to brokerage. 3 Precoro Precoro simplifies procurement processes for small to medium-sized businesses. Hence, it offers an accessible and streamlined procurement solution.

Supply Chain Design Software 69

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Talking Logistics

DECEMBER 11, 2014

made that prediction in 2008 (see the Barron’s article What $300-a-Barrel Oil Will Mean for You ). Three years later, he stayed with his $300-a-barrel prediction, but shifted the timeframe to 2020 (see the CBS News article, Another $300 Oil Prediction — and Why This One Matters ). million bbl/d in 2015.” .

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Logistics Viewpoints

MAY 16, 2022

SCCN solutions provide supply chain visibility and analytics across an extended supply chain. The lack of predictability leads to higher costs and worse service. Almost no supply chain executive believes that the kind of predictable, stable supply chains of former times are coming back in the foreseeable future.

Supply Chain Planning Software 211

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Supply Chain Game Changer

NOVEMBER 19, 2018

Check out Procurement Experiences, Trends and the Future! These are the innovative technologies that I predict companies must use to undergo this transformation within their supply chains: Cloud-based technology deployments lower cost of ownership due to not having a large capital expenditure on hardware and upgrades. Subscribe Here!

Predictive Analytics 45

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ThroughPut

JUNE 17, 2022

Increased labor costs, declining freight rates, high demand for quick shipping with reduced bulk orders, skyrocketing carrier margins etc. are just some of the variables impacting logistics and freight operations globally. Making every mile count with AI-powered Freight Management Software – 5 Benefits.

Optimal Sourcing 52

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Logistics Viewpoints

DECEMBER 5, 2022

There was no air freight possible then into Europe,” added Gerald van den Eijnden. A multi-enterprise supply chain network platform provides network-based order fulfillment applications and advanced network-based supply chain risk analytics. That increases the value of the analytics used by the procurement team.

Agile and Lean Supply Chain 196

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Logistics Viewpoints

MARCH 2, 2023

After months of dire predictions, many in the financial community are lowering the odds of a recession in the next year. Freight rates have plummeted, brokerages are struggling, and the industry is still bloated with excess inventory. Things have changed, for good, and the environment we now work in is one of constant volatility.

Waste Reduction 197

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AIMMS

OCTOBER 17, 2023

Efficient inventory management Demand Forecasting: Use demand analytics to predict demand more accurately, thus reducing overstocking or stockouts. Re-evaluate supplier contracts and relationships Consolidated Procurement: Bulk purchasing often leads to better rates. Here are a few recommendations we’ve seen in practice.

Optimal Sourcing 156

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The Logistics & Supply Chain Management Society

AUGUST 20, 2020

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. RPA brings efficiency to these tasks while saving time and reducing errors.

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Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Logistics Viewpoints

SEPTEMBER 28, 2021

Real-time transportation visibility platforms tell shippers and their broker/carrier partners where their freight is at any point on its journey. Using AI and predictive analytics, we make it possible to anticipate and mitigate the impact of disruptions and delays, whether from bad weather, port shutdowns or overloaded distribution centers.

Rail Software 188

Rail Software Real-time Visibility Supply Chain Planning Software Supply Chain Design Software 188

DynaSys

JANUARY 21, 2020

By utilizing optimization techniques, we have sought to minimize procurement costs absorbing larger order quantities and longer lead-times; we plan for longer manufacturing runs to drive a higher return on assets and full-container load land and marine freight to reduce transportation unit costs. FROM VISIBILITY TO ACTIONABLE INSIGHTS.

Sourcing Strategies 94

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SupplyOn

APRIL 23, 2020

SupplyOn Analytics links internal and external information – thus ensuring visibility and a robust, crisis-proof supply chain Planning, purchasing, logistics and transport management are traditionally separate processes, typically located in different departments. A central report then provides all results at a glance.

Just-in-Time 40

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Claritum

JUNE 13, 2019

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. Procurement Domain Name. Logistics / Freight.

Manufacturing Procurement 32

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CH Robinson Transportfolio

SEPTEMBER 22, 2020

We recently announced our latest innovation, Procure IQ™ , which reimagines the way shippers purchase transportation. Developed inside our innovation incubator Robinson Labs , Procure IQ uses predictive analytics, artificial intelligence and C.H. And IPC is not alone in their hunger for this type of advanced technology.

Procurement Analytics 44

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Enterra Insights

FEBRUARY 13, 2019

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] Machine learning can prove useful all along the supply chain from procurement to production to marketing to after sales support.

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6 River Systems

NOVEMBER 1, 2022

Using predictive analytics. The best 3PLs enable businesses to easily expand into global markets by providing regional expertise (such as applicable laws and regulations in other countries), infrastructure (such as distribution centers) and established global shipping resources (such as air freight and sea freight).

Cost Reduction Strategies 52

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EC Sourcing Group

NOVEMBER 15, 2022

A critical aspect of the following supply chain best practices is to have intuitive procurement software that provides insights and analytics to help navigate the uncertainty and make the best decisions for the future. Supply Chain Best Practices : The Effect of Inflation on Procurement & the Supply Chain.

Supply Chain Design Software 52

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Talking Logistics

JULY 19, 2018

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. is what drove the first wave of demand for real-time freight visibility solutions.

Real-time Visibility 101

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Freightos

JANUARY 16, 2024

More Resources Home January 16, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. America weekly prices decreased 8% to $5.36/kg

Negotiating Skills 233

Negotiating Skills Asia Optimal Sourcing Europe 233

Supply Chain Matters

APRIL 14, 2023

Everstream ranked number three in the data science category for its application of AI and predictive analytics to global supply chain risk. Founded in 2000, German based Transporeon provides a digital freight platform the supports more than 1,200 shippers, 100 large retailers, and over 120,000 logistics services providers and carriers.

Supply Chain Design Software 52

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Enterra Insights

JANUARY 17, 2019

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] ”[6].

Manufacturing Procurement 100

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Supply Chain Collaborator

AUGUST 14, 2019

Using the historic shipping data captured in a TMS, shippers can make data-driven, predictive plans. TMS carrier management functions and carrier performance analytics enable a shipper to address issues early and provide insightful feedback to their carrier-partners. Step 4 – Adopt 21 st century technology.

Supply and Demand 95

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Logistics Viewpoints

FEBRUARY 8, 2022

Manufacturers, retailers and their logistics partners often managed supply and demand volatility by shifting scarce inventory among stores or distribution centers, or investing in expedited freight charges, without considering the real implications of these strategies on their long-term profitability. While driving a projected $14.1

Logistics Network Optimization Software 187

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Supply Chain Opz

JANUARY 22, 2016

In the immediate term, predictive analytics drive a distinct competitive advantage to those few who are already leveraging it to its full potential. That would shorten hauling times, automate routes and scheduling, and make deliveries much more predictable. All of your denied party lists are already loaded for screening.

Predictive Analytics Software 100

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The Logistics & Supply Chain Management Society

NOVEMBER 14, 2021

In 2017 I also assumed responsibility for Field Services and in 2019 Data Excellence & Analytics embracing digital transformation driving our Tailored, Sustainable and Connected 4.0 This involves improving data excellence and analytical capabilities at all levels, as we strive towards Autonomous Supply Chains.

Sourcing Strategies 246

Sourcing Strategies Supply Chain Planning Software Optimal Sourcing Supply Chain Design Software 246

Intelligent Audit

JANUARY 11, 2022

Taking stock of logistics trends and predictions is the best way for shippers to start the new year. Furthermore, the ability to use technology to predict what might happen (29%) and understanding what’s currently happening through data analyses (41) form two of the leading priorities within the industry.

Supply Chain Planning Software 52

Supply Chain Planning Software Prescriptive Analytics Software Logistics Network Optimization Software Predictive Analytics Software 52

SYSPRO Smarter ERP

APRIL 13, 2022

Where energy extraction is upstream, and freight and transportation midstream, the impact of the military conflict will also be felt in industries where oil and gas are refined and used to make rubber, preservatives, plastics, containers and many other products that play an important role in the agricultural and medical fields.

Supply Chain Planning Software 111

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Supply Chain Shaman

APRIL 15, 2020

This cross-functional group (sales, procurement, manufacturing, and distribution) is an operational team to manage the day-to-day issues and exceptions in the supply chain. Another is looking at hospital bed utilization to predict market baskets. Don’t expect demand to be predictable. Be open to different forms of modeling.

Supply Chain Planning Software 427

Supply Chain Planning Software Supply Chain Design Software Modeling Supply and Demand 427

BlueYonder

FEBRUARY 17, 2022

Followed by focus on big data analytics where companies began leveraging BI (business intelligence) tools for data-driven decision making. Transport costs are soaring to ridiculous levels, especially for those shippers that did not have an organized procurement strategy for freight movement. Change is imminent, “ready or not.”.

Supply Chain Planning Software 70

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ShipBob

APRIL 26, 2023

Make sure you have an accurate idea of lead times in relation to your production and procurement processes. For instance, you may want to consider multiple transportation modes, like air and ocean freight, to decide which is the best option for the type of inventory you want to transport. What’s not to love about that?”

Supply Chain Planning Software 52

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Supply Chain Brain

MARCH 12, 2018

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. As it stands today, however, blockchain isn’t a solution that can be instantly embraced by the freight industry.

Freight 40

Freight Industrial Industry Supply Chain Planning Software 40

CH Robinson Transportfolio

JANUARY 14, 2021

But those two functions only come together once a year, if ever—when bids are being prepared and shippers are trying to predict what they have to bid out. You start paying more immediately for backup carriers, or worse, pay much more if you go to the spot market to procure trucks. After that, they really don’t talk to each other.

Supply and Demand 47

Supply and Demand Supply Chain Planning Software Optimal Sourcing Demand Planning Software 47

Intelligent Audit

AUGUST 10, 2021

Despite the challenges of the past year or two, things are slowly beginning to return to normal as peak season surges approach transportation service providers and freight auditing managers. Sharing data with transportation partners to better predict specific capacity needs.

Capacity 52

Capacity Shipping Supply Chain Planning Software Predictive Analytics 52

GlobalTranz

MAY 21, 2015

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.

Supply Chain Planning Software 120

Supply Chain Planning Software Cost Reduction Strategies Supply Chain Software Sourcing Strategies 120