Expert insights. Personalized for you.
Procurement must never be an afterthought in any enterprise. 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. The global supply chain creates many challenges and opportunities in procurement. Integrated Procurement and Payment Systems Simplify the Process. MORE
In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now. MORE
The transportation industry has faced volatility over the last handful of years, but nothing like the disruptions of recent months. As you may have already experienced, it is not efficient to use dozens, much less hundreds of transportation suppliers. MORE
Freight companies are eventually going to face severe challenges finding drivers to get your shipments where you want them when you want them there. One challenge to this approach, however, is that many shippers focus exclusively on price when making their transportation decisions. Customers with a strict ‘procurement mindset’ overlook important factors like consistency, overall experience or past performance. Business has been improving for the U.S. trucking industry. MORE
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. One area where significant waste exists is transportation management. Execution (Tendering, Dock Scheduling, Track & Trace, Freight Audit & Pay). MORE
The biggest issue today that shippers have to worry about is freight loss claims, personal injury, and of course, liability! Most have $1M of coverage for the carrier, because even though they did not cause the damage in many cases, they were present. The idea of profitable transportation providers is something that is inherently “bad” And these plaintiff lawyers will follow up with “we all know that these transportation corporations are all bad! MORE
Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production. Subscribe Here! MORE
As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” Is the data presented as useful to make better business decisions or improve business practices? They should offer controlled and accurate data that is presented in a manner that speaks specifically to your organization’s objectives and initiatives, producing KPIs specific to departments responsible for their consideration. MORE
What defines the small and mid-sized business (SMB) market for transportation management systems (TMS)? I began my presentation at last month’s Council of Supply Chain Management Professionals (CSCMP) Annual Conference with that question, in a session titled “TMS for SMB: A Case Study with Carhartt,” where I co-presented with Andra Gibson (Project Manager, Logistics Service Solutions at Carhartt) and Gregg Lanyard (Director, Product Management at Manhattan Associates). MORE
What do you get when you bring together shippers, logistics service providers, and a transportation management system (TMS) vendor in New Orleans? How can a transportation management system (TMS) help companies find and secure truckload capacity in a capacity-constrained environment? That was the central question Hope Federer, Senior Solutions Consultant at MercuryGate, addressed in her kick-off presentation. Brad Young, VP Network Solutions and Services, Mode Transportation. MORE
One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation. MORE
Freight brokerages and logistics companies with capital are aggressively purchasing other companies with technology assets— this behavior has been accelerating, with a different acquisition or merger taking place every two weeks. For example, earlier this year, Redwood Logistics bought Strive Logistics, and combined, they now have over $1 Billion in freight under management. big disruption in the freight brokerage industry is coming. MORE
and “What is a transportation management system?” This reality was underscored for me at the recent CLX Logistics Annual Customer Conference , where I delivered a keynote presentation on “Important Skills and Attributes Tomorrow’s Transportation Leaders Must Have” (a topic for a future post). Some of them have their own internally-developed transportation management system, while others, like CLX Logistics, have strategic partnerships with software-as-a-service TMS vendors. MORE
Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend. MORE
Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. And, accordingly, each industry procures and manages capacity differently to navigate these challenges and drive positive outcomes. MORE
Why have so few companies adopted a TMS (Transportation Management System) solution? One of the services that was very compelling was our Freight Management service. We had a tremendous amount of spend leverage globally, a seasoned team, great supplier relationships, very strong processes, and an excellent Transportation Management System (TMS). The Freight Management service and the TMS capability were compelling. TMS (Transportation Management System). MORE
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. MORE
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 MORE
At the recent McLeod Software User Conference , however, I delivered a keynote address to over 1,000 attendees, and most of them were carriers and transportation service providers. 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. How do you plan for the future of transportation? MORE
SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. MORE
While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. 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. MORE
We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. The popularity of the use of transport management system (TMS) has been growing steadily in the last few years. A transport management system helps coordinate all the data points in a transportation network. MORE
Increased reliance on the transportation spot market due to industry planning uncertainty. Transportation requests for proposal (RFPs) are labor-intensive, and can be out of alignment with customer needs. MORE
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. MORE
Check out Do you have a Freight Management Strategy or are you Spinning your Wheels? Why have so few companies adopted a Transportation Management System (TMS) solution? One of the services that was very compelling was our Freight Management service. We had a tremendous amount of spend leverage globally, a seasoned team, great supplier relationships, very strong processes, and an excellent Transportation Management System (TMS). Transportation Management System. MORE
In a past episode of Talking Logistics , Nicholas Carretta, President at UltraShipTMS (a Talking Logistics sponsor), discussed some of the barriers companies face in implementing a transportation management system (TMS), and “building the business case” was one of the main challenges he talked about. The first step is to do an accurate self-assessment of your supply chain and transportation network. Intelligent procurement. Freight payment accuracy. MORE
As we face unprecedented market volatility, it is increasingly challenging to forecast and plan your truckload procurement strategies. Be aware that lane consistency and volatility matter and can influence your procurement strategy. Procure IQ leverages data from C.H. MORE
Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Logistics #Freight #SCM #SupplyChain #Business #Leadership #HumanResources. Subscribe Here! Email Address. MORE
Just look at some of the names that have joined the Blockchain in Transportation Alliance (BiTA) since the group’s formation last August: FedEx , BNSF Railway , C.H. 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. For blockchain to become a viable tool for freight, commercial standards need to be put in place. MORE
Do you have a Freight Management Strategy or are you Spinning your Wheels? Freight Industry article originally published by FreightPOP. We recently interviewed Mike Mortson, founder of Supply Chain Game Changer, about the trends he sees in shipping and freight. Mike is an industrial engineer with an extensive background in all facets of leadership, from supply chain management, procurement, manufacturing, ops, and I.T., They are still just a freight forwarder. MORE
This occurs when someone who is in the shipping department may not be communicating back to A/P or procurement and the knowledge needed to really negotiate contracts to the best benefit of the company isn’t being shared. This is where financial visibility – especially from an accounting or procurement perspective – plays into the organization. Episode Highlights Transportation Management financial visibility Kewill Larry Lewis supply chain visibility MORE
Start Managing Your Inbound Freight More Effectively Today. Truck Capacity Shortage: The Past, Present and Future. CFO Beating You Up Over Rising Freight Costs? Continuous Pool Optimization – Putting Creativity to Work in Transportation. BASF Video Case Study: The Value of Real-Time Freight Visibility. Supply Chain Visibility: Past, Present, and Future. Smarter Approaches to Freight Matching. Transportation Spot Market Inversion. MORE
A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift. As well as opening the door for more people to be included in the market, this also broadens the network and has more transportation options. Subscribe Here! MORE
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. MORE
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 MORE
Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Logistics #Freight #SCM #SupplyChain #Business #Leadership #HumanResources. Subscribe Here! Email Address. MORE
Freight Presentation Procurement Transportation CHAINalytics
JANUARY 30, 2019
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
Cerasis
FEBRUARY 27, 2018
Procurement must never be an afterthought in any enterprise. 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. The global supply chain creates many challenges and opportunities in procurement. Integrated Procurement and Payment Systems Simplify the Process.
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Cerasis
MAY 21, 2015
One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.
CHAINalytics
NOVEMBER 6, 2018
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.
Cerasis
JANUARY 30, 2015
As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” Is the data presented as useful to make better business decisions or improve business practices? They should offer controlled and accurate data that is presented in a manner that speaks specifically to your organization’s objectives and initiatives, producing KPIs specific to departments responsible for their consideration.
Talking Logistics
SEPTEMBER 6, 2016
Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. A recent ARC Strategies study on managed transportation services found, on average, MTS can save a company between 2 and 10 percent of its transportation spend.
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Supply Chain Game Changer
FEBRUARY 12, 2020
Why have so few companies adopted a TMS (Transportation Management System) solution? One of the services that was very compelling was our Freight Management service. We had a tremendous amount of spend leverage globally, a seasoned team, great supplier relationships, very strong processes, and an excellent Transportation Management System (TMS). The Freight Management service and the TMS capability were compelling. TMS (Transportation Management System).
Supply Chain Game Changer
NOVEMBER 8, 2018
Check out Do you have a Freight Management Strategy or are you Spinning your Wheels? Why have so few companies adopted a Transportation Management System (TMS) solution? One of the services that was very compelling was our Freight Management service. We had a tremendous amount of spend leverage globally, a seasoned team, great supplier relationships, very strong processes, and an excellent Transportation Management System (TMS). Transportation Management System.
Talking Logistics
FEBRUARY 29, 2016
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
Supply Chain Game Changer
OCTOBER 7, 2020
A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift. As well as opening the door for more people to be included in the market, this also broadens the network and has more transportation options. Subscribe Here!
NC State SCRC
NOVEMBER 21, 2017
The biggest issue today that shippers have to worry about is freight loss claims, personal injury, and of course, liability! Most have $1M of coverage for the carrier, because even though they did not cause the damage in many cases, they were present. The idea of profitable transportation providers is something that is inherently “bad” And these plaintiff lawyers will follow up with “we all know that these transportation corporations are all bad!
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CH Robinson Transportfolio
DECEMBER 9, 2020
The transportation industry has faced volatility over the last handful of years, but nothing like the disruptions of recent months. As you may have already experienced, it is not efficient to use dozens, much less hundreds of transportation suppliers.
Supply Chain Brain
MARCH 12, 2018
Just look at some of the names that have joined the Blockchain in Transportation Alliance (BiTA) since the group’s formation last August: FedEx , BNSF Railway , C.H. 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. For blockchain to become a viable tool for freight, commercial standards need to be put in place.
CH Robinson Transportfolio
NOVEMBER 19, 2020
Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. And, accordingly, each industry procures and manages capacity differently to navigate these challenges and drive positive outcomes.
Cerasis
FEBRUARY 16, 2015
We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. The popularity of the use of transport management system (TMS) has been growing steadily in the last few years. A transport management system helps coordinate all the data points in a transportation network.
Supply Chain Movement
NOVEMBER 6, 2014
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.
Supply Chain Game Changer
JUNE 11, 2019
SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
Talking Logistics
OCTOBER 19, 2016
What defines the small and mid-sized business (SMB) market for transportation management systems (TMS)? I began my presentation at last month’s Council of Supply Chain Management Professionals (CSCMP) Annual Conference with that question, in a session titled “TMS for SMB: A Case Study with Carhartt,” where I co-presented with Andra Gibson (Project Manager, Logistics Service Solutions at Carhartt) and Gregg Lanyard (Director, Product Management at Manhattan Associates).
Supply Chain Game Changer
OCTOBER 8, 2019
Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production. Subscribe Here!
Talking Logistics
SEPTEMBER 29, 2014
What do you get when you bring together shippers, logistics service providers, and a transportation management system (TMS) vendor in New Orleans? How can a transportation management system (TMS) help companies find and secure truckload capacity in a capacity-constrained environment? That was the central question Hope Federer, Senior Solutions Consultant at MercuryGate, addressed in her kick-off presentation. Brad Young, VP Network Solutions and Services, Mode Transportation.
Supply Chain Game Changer
JANUARY 28, 2020
Do you have a Freight Management Strategy or are you Spinning your Wheels? Freight Industry article originally published by FreightPOP. We recently interviewed Mike Mortson, founder of Supply Chain Game Changer, about the trends he sees in shipping and freight. Mike is an industrial engineer with an extensive background in all facets of leadership, from supply chain management, procurement, manufacturing, ops, and I.T., They are still just a freight forwarder.
Talking Logistics
NOVEMBER 2, 2015
and “What is a transportation management system?” This reality was underscored for me at the recent CLX Logistics Annual Customer Conference , where I delivered a keynote presentation on “Important Skills and Attributes Tomorrow’s Transportation Leaders Must Have” (a topic for a future post). Some of them have their own internally-developed transportation management system, while others, like CLX Logistics, have strategic partnerships with software-as-a-service TMS vendors.
Supply Chain Game Changer
JANUARY 20, 2020
Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Logistics #Freight #SCM #SupplyChain #Business #Leadership #HumanResources. Subscribe Here! Email Address.
Supply Chain Game Changer
NOVEMBER 15, 2018
Data visualization can be applied to any supply chain process that presents users with information enabling the immediate adjustment of operations or sharing of information. Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Logistics #Freight #SCM #SupplyChain #Business #Leadership #HumanResources. Subscribe Here! Email Address.
Talking Logistics
OCTOBER 19, 2015
At the recent McLeod Software User Conference , however, I delivered a keynote address to over 1,000 attendees, and most of them were carriers and transportation service providers. 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. How do you plan for the future of transportation?
Talking Logistics
JUNE 17, 2015
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. One area where significant waste exists is transportation management. Execution (Tendering, Dock Scheduling, Track & Trace, Freight Audit & Pay).
Talking Logistics
APRIL 6, 2017
While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. 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.
Talking Logistics
OCTOBER 28, 2014
Freight companies are eventually going to face severe challenges finding drivers to get your shipments where you want them when you want them there. One challenge to this approach, however, is that many shippers focus exclusively on price when making their transportation decisions. Customers with a strict ‘procurement mindset’ overlook important factors like consistency, overall experience or past performance. Business has been improving for the U.S. trucking industry.
CH Robinson Transportfolio
JANUARY 14, 2021
Increased reliance on the transportation spot market due to industry planning uncertainty. Transportation requests for proposal (RFPs) are labor-intensive, and can be out of alignment with customer needs.
Talking Logistics
AUGUST 19, 2015
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.
Talking Logistics
JULY 16, 2014
In a past episode of Talking Logistics , Nicholas Carretta, President at UltraShipTMS (a Talking Logistics sponsor), discussed some of the barriers companies face in implementing a transportation management system (TMS), and “building the business case” was one of the main challenges he talked about. The first step is to do an accurate self-assessment of your supply chain and transportation network. Intelligent procurement. Freight payment accuracy.
Talking Logistics
FEBRUARY 18, 2015
This occurs when someone who is in the shipping department may not be communicating back to A/P or procurement and the knowledge needed to really negotiate contracts to the best benefit of the company isn’t being shared. This is where financial visibility – especially from an accounting or procurement perspective – plays into the organization. Episode Highlights Transportation Management financial visibility Kewill Larry Lewis supply chain visibility
CH Robinson Transportfolio
SEPTEMBER 30, 2020
As we face unprecedented market volatility, it is increasingly challenging to forecast and plan your truckload procurement strategies. Be aware that lane consistency and volatility matter and can influence your procurement strategy. Procure IQ leverages data from C.H.
Parade
APRIL 22, 2019
Freight brokerages and logistics companies with capital are aggressively purchasing other companies with technology assets— this behavior has been accelerating, with a different acquisition or merger taking place every two weeks. For example, earlier this year, Redwood Logistics bought Strive Logistics, and combined, they now have over $1 Billion in freight under management. big disruption in the freight brokerage industry is coming.
Talking Logistics
JULY 30, 2018
Start Managing Your Inbound Freight More Effectively Today. Truck Capacity Shortage: The Past, Present and Future. CFO Beating You Up Over Rising Freight Costs? Continuous Pool Optimization – Putting Creativity to Work in Transportation. BASF Video Case Study: The Value of Real-Time Freight Visibility. Supply Chain Visibility: Past, Present, and Future. Smarter Approaches to Freight Matching. Transportation Spot Market Inversion.
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