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Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa

CHAINalytics

The post Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa appeared first on Chainalytics. Blog Transportation coupa Freight Procurement freight sourcing sourcing optimization Transportation Procurement transportation sourcing Truckload procurement

Overcoming Ocean Freight Procurement Hurdles in 2019

CHAINalytics

Many organizations are consistently missing the mark with their transportation spend due to contract rate increases and fluctuating spot rates on ocean freight lanes. The lack of visibility needed to keep your ocean freight management in line with your forecast presents additional challenges for shippers. Also, due to a larger emphasis on domestic spend, international … The post Overcoming Ocean Freight Procurement Hurdles in 2019 appeared first on Chainalytics.

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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.

Our 2020 Top 10 List Part 2!

Supply Chain Game Changer

The site is viewed as a key influencer platform in the arenas of Supply Chain, Logistics, Procurement and Management. It is a must read place source for Professionals, Students and Experts alike. Continuing in our tradition of years past we present here our 2020 Top 10 List Part 2.

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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.

Supplier Diversity in Logistics!

Supply Chain Game Changer

According to the Harvard Business Review , “ An inclusive procurement strategy widens the pool of potential suppliers and promotes competition in the supply base, which can improve product quality and drive down costs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Supply Chain Scams and Fraud!

Supply Chain Game Changer

3 Most Common Freight Forwarding Scams (and How to Avoid Them)! One of our most popular articles is Freight Forwarding scams. Source: bestbusinesscircle.com. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain Management

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Time to Squeeze Carriers for Better Rates?

Talking Logistics

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 percent in December from November , with December 2015 freight shipments down 2.0

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. Multimodal 2015. Date: 28 – 30 April 2014. Venue: NEC Birmingham.

7 Essential Attributes of Strategic Supplier Partnerships!

Supply Chain Game Changer

Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. One example is in the world of out-sourced software development. Corporate values are the “persona” that is presented on a daily basis by the company(ies) and how it engages in and around itself. Leadership #Business #SCM #SupplyChain #Procurement #Purchasing. Subscribe Here! Email Address.

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. We recognized the emergence of contingent staffing (contract) within Procurement and Supply Chain several years before a few others, and expanded our business to service that area. Consumers are rightly demanding to know exactly where their products are coming from, and whether they’re ethically sourced.

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]. The analogy I like best in describing how a Blockchain works involves either a Spreadsheet, a Contract, a Word document or a Powerpoint presentation for instance. Source: [link]. ” Source: [link]. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. Subscribe Here!

Going Beyond Brokerage: How North American Capacity Solutions Can Go to Work for You

Talking Logistics

It may be time to evaluate your transportation network and approach to procurement and make the move from simply fixing logistics problems as they present themselves to a more strategic, scalable model derived from analytics and not simply rates. Don’t view procurement as a tactical, routine annual exercise that must be completed quickly in order to meet your current customer demand at the lowest possible cost.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

But for businesses of just about every type, the disruptive impact of the epidemic was something more ominous: It presented an existential threat to their survival. And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S.

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.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

It is important to know who is providing the source data used to develop your KPIs. If you are using components of source data outside of either you or your provider’s control, what are the means of auditing its accuracy? In order to be truly accurate long term, the source data should be available for you or your provider to directly scrutinize. Is the data presented as useful to make better business decisions or improve business practices?

Step Three: Stage Five Supply Chain Planning System of Record (SCP SOR)

Kinaxis

You start by pressing on one color and with every selection you are presented with a random sequence of colors that you must remember and repeat. I remember starting in supply chain many years ago in procurement, negotiating pricing and managing suppliers. How many of you have made quick decisions on meeting forecasts only to find out that you lost a good part of your margin on expedited freight, overtime and premium material costs?

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

Cerasis

Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. 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.

Carriers, You’re in the Information-Handling Business Too (Takeaways from McLeod Software User Conference 2015)

Talking Logistics

For my keynote presentation, I was asked to give the carriers in the audience a perspective of how emerging trends and technologies will impact shippers in the years ahead, which will ultimately impact them too. I’ll write more about this topic in a future post, but you can read a nice summary of my presentation by Kevin Jones at Fleet Owner.

Lessons from CMA CGM, Maersk and K+N on Transparency and Digitalization

Freightos

There’s been a slow, persistent march towards increased digitalization and, yes, increased transparency, in the freight industry. This week the Journal of Commerce invited me to advocate for transparency at TPM in a debate where the other side was argued that freight prices will remain private. The Maersk group recently and rather surreptitiously launched a website and Facebook page for a digital freight forwarder called Twill Logistics and associated with their DAMCO brand.

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

A DHL whitepaper titled Building the Smarter Energy Supply Chain summarizes the situation well (emphasis mine): Much of the present exploration and development of shale gas deposits in the US is not being made by the the traditional oil majors, but rather by new players in the market. Source: “The Future of Natural Gas: An Interdisciplinary MIT Study,” [link]. Execution (Tendering, Dock Scheduling, Track & Trace, Freight Audit & Pay).

Last Mile Delivery Explained! (Infographic)

Supply Chain Game Changer

This presents important factors consumers must consider when going for the most efficient service. Sources for statistics: Forrester. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. SCM #SupplyChain #freight #logistics #ecommerce #transportation #retail. Subscribe Here! Email Address. Blog post originally created by Jake Smith and published at [link]. Permission to publish here provided by Jake Smith.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

Whether you''re a manufacturing company in China, a sourcing agent in London or a world''s leading company in Silicon Valley, we''re all in a global supply chain networks. The list is presented in the order the responses were received in: 1) Andreas Wieland , Assistant Professor at Copenhagen Business School Successful supply chain management means that organizations are well-orchestrated in an end-to-end value network.

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A Don’t Touch Supply Chain Strategy Must Now Dominate The Future!

Supply Chain Game Changer

Stock-keepers in the store don’t need to be present when consumers are there. Freight management has further prospects with autonomous vehicles , including tractor trailers, and drones. Advanced software systems can also support more automated planning, scheduling, procurement activities, fulfillment and replenishment, and Supply Chain tracking. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

How Europe is Coping with Supply Chain Disruption

Jaggaer

Adapting to the present and future challenges of COVID-19. Define your procurement response strategy. Yet with the autobahns, motorways and highways largely free of traffic apart from freight, goods are generally getting through and we are yet to see long-term shortages of food and other essential items. Elizabeth de Jong of the UK Freight Trade Association told the BBC that the demand has been 50 to 100 per cent above usual, and road hauliers have adapted to keep up.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

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. Another major source of risk is the unreliability of global logistics channels, especially the challenges associated with ocean freight lines, which are becoming increasing unreliable. 2013 has certainly been an interesting year!

The Supply Chain’s Vision Problem

Enterra Insights

” Alex Saric, a procurement expert at Ivalua, observes that poor supply chain visibility exposes companies to unwanted risks. Here, a smart approach to procurement will allow companies to improve supplier visibility, put effective measures in place and identify supply chain risks as they appear. Digitalization helps companies obtain the right data from the right sources and ensures that data gets to the right decision-makers.

Twitter Insights from GT Nexus Bridges 2015 Conference

Talking Logistics

One area in particular, which both Sean Feeney and Kurt Cavano (Vice Chairman and Chief Strategy Officer at GT Nexus) highlighted in their keynote presentations, is Transportation Management Systems (TMS). On top of this platform, GT Nexus has provided various transportation management applications, such as transportation sourcing, which has been a strength for the company, especially in facilitating ocean transportation bids. Freight Audit and Pay.

Like A Green Lump of Clay….

Supply Chain Shaman

My schedule had me on a plane to Chicago at the time of the presentation. We rescheduled my flight and I quickly put together some slides for the presentation. (To I had successfully adapted to give a presentation on agility to 254 people. In the supply chain, variability and volatility come from many sources. This is the design of alternate work centers, high performance work teams, alternate plant sourcing, and quick changeovers.

Seasoned Leadership in Action™ Interview Excerpts: Lessons Learned by Global Leaders

Supply Chain Game Changer

As such we are presenting our first compilation of excerpts from these interviews which is focussed on Lessons Learned by these leaders throughout their careers. Mistakes & set-backs are the great source for development opportunity. Subscribe Here! Email Address.

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

Brent crude oil prices Dec 2009 – Dec 2014 (Source MoneyAM.com). At an MIT conference last year, Tom Linton, Chief Procurement and Supply Chain Officer at Flextronics, presented his top 10 list of supply chain trends. Shippers and carriers continue to shift away from long-haul trucking and one-way freight. “We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short.

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36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. Strategies include sourcing more items directly from manufacturers to improve margins, SKU rationalization and space reduction, “show more carry less” and assisted-store ordering.

Supply Chain Crystal Ball Gazing: Let’s Look Ahead to 2028

Logistics Bureau

Robots will navigate with the aid of lasers, radar, and other non-visual guidance systems, so things like windows and electric lighting will simply add costs and present unnecessary security risks. This, combined with efforts to move sources closer to domestic markets (driven by the overwhelming growth in omnichannel retail), will all but eradicate offshore production, at least for industries in which off-shoring benefits relate purely to labour.

50 expert tips on supply chain management

6 River Systems

“Some companies are starting to invest in creating data-backed profiles of their supplier base so they know where and when to look for second sources. These tools can also rapidly model alternate supply and transportation scenarios, such as rerouting around a port strike or going to an alternate source of supply.” Develop alternative sources and diversify value chains. It’s also a good time to discover or develop alternative sources and diversify value chains.

How Many Truck Drivers Are There?

Talking Logistics

from researchers Maury Gittleman and Kristen Monaco, is based on their May 2017 presentation at a conference sponsored by the Industry Studies Association…Monaco’s research found that driver counts are inflated because federal occupational classifications include administrative and other jobs at trucking carriers that don’t involve driving trucks. Leading Practices in Transportation Procurement. Make Better Logistics Sourcing Decisions with Data-Driven Optimization.