Supply meets demand: New sourcing automation solution targets ocean freight procurement

Manufacturing & Logistics IT

Global provider of Intelligent Sourcing Automation, Keelvar, has launched its new AI-powered ocean freight sourcing automation solution

Freight Procurement in a Pandemic: Preparing for the Bid

CHAINalytics

If your company has decided to tender its freight to secure new contract rates for 2021, you’ve got your work cut out for you. This is especially true when it comes to figuring out the lanes and volumes to include in the bid.

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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.

Freight Procurement Tips with Trent Morris

Logistics Bureau

WHAT ROLE CAN PROCUREMENT PLAY ON FREIGHT EXPENDITURE? Let us listen to our favorite purchasing and procurement consultant, Trent Morris, as he gives tips on freight procurement. Robobyrne: Procurement Tips. Supply Chain Secrets: What is Procurement vs. Purchasing? Freight Management Procurement - Purchasing - SRM Videos Freight procurement tips

How Automation in the Supply Chain Will Make Employees More Strategic & Improve the Overall Supply Chain

Speaker: Adam Robinson, Director of Marketing, Cerasis

In this educational webinar, Adam Robinson from Cerasis, a leading North American Transportation Management Solutions Company, will address how automation in the supply chain is allowing companies to empower their employees with a more strategic work flow aiding in overall collaboration with peers across departments, improved business operations, more efficient manufacturing, a healthier corporate culture, and more visibility to data and processes providing the ability to gain actionable insights that lead towards actions that impact the company’s bottom line.

How More Effective Inbound Logistics Management Improves Procurement in the Supply Chain

Cerasis

Making changes that promote effective inbound logistics management can have a significant impact on your organization’s procurement department and team members. Unfortunately, many in the industry still uses the terms procurement and inbound logistics interchangeably, but procurement involves much more than merely managing the logistics of moving products from vendors and suppliers to your building.read More. Inbound Freight Effective inbound logistics management

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. Whether you are a BCO (Beneficial Cargo Owner), Freight Forwarder or NVOCC it is essential that you get this critical component right. Use of Freight Rate Benchmarking. Subscribe Here!

Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

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.

Get the Biggest Bang for Your Freight Budget Dollar!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Freight Budget article and permission to publish here provided by Adam Robinson at Freightwaves. Freight costs and budget adherence are among the most important and often overlooked aspects of transportation management. Subscribe Here!

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

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.

Spend Matters Awards Chainalytics For Transportation Procurement Innovation

CHAINalytics

Our inclusion in this year’s list is another testament to the … The post Spend Matters Awards Chainalytics For Transportation Procurement Innovation appeared first on Chainalytics. Press Release Transportation Award Chainalytics freight sourcing ocean procurement sourcing optimization Transportation Procurement transportation sourcing Truckload procurement

How COVID-19 Has Affected U.S. Trucking Rates—Will it Last?

CHAINalytics

But what about freight transportation rates? Blog Feature Supply Chain Consulting Transportation COVID-19 covid19 Freight Market intelligence Freight Rates Transportation Procurement transportation sourcing truckload freight Truckload procurement

Transportation Procurement in India

CHAINalytics

By Linsa Godwin Sathiamoses | Consultant, Transportation, Chainalytics | Procuring transportation services is an important activity on the supply chain calendar. It is also one area where every procurement manager thinks he or she is doing a good job, until proven otherwise. The post Transportation Procurement in India appeared first on Chainalytics.

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Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. Whether you’re in charge of ordering the “things” or managing how and where those things get from A to B, both sides of the procurement equation stand to benefit from freight procurement automation. The Challenges of Freight.

How to Procure Full Truckloads in Tight Capacity

Cerasis

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Decreasing capacity and increasing full truckload rates are expected to increase throughout 2018, reports Freight Waves. Conducting annual procurement exercises.

Expanding Your Ocean Freight Procurement Strategy

CHAINalytics

As you push forward in your ocean freight transport bid for 2019, we’d like to address some additional factors you should consider in order to get the most out of your sourcing event and help keep your budget and balance sheet in line with business objectives. (In In case you missed it, our previous blog detailed … The post Expanding Your Ocean Freight Procurement Strategy appeared first on Chainalytics.

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. BONUS : Download the Guide To LTL Freight Mangement White Paper. 10 LTL Procurement Cost Cutting Tips. Routing guides optimize freight lanes and remove excess shipping costs. Logistics LTL ltl procurement

Full Truckload Technology: The Various Technology Involved in Full Truckload Freight Shipping Management

Cerasis

In full truckload freight management, technology will make or break plans for keeping freight spend in check. Demand for record-breaking speed of delivery and free shipping are only making the case for greater use of technology in full truckload freight shipping management, and shippers need to understand why. Amazon continues to push its own fleet forward, and the Big Box giants are willing to pay premium prices to get freight to market.

Becoming a Shipper of Choice with Empathy: A conversation with Andy Butler (P&G)

CHAINalytics

Freight Market Intelligence Consortium Supply Chain Intelligence Transportation contract freight rates FMIC Freight Procurement freight purchasing P&G Procter & Gamble shipper of choice Transportation Procurement transportation purchasingThe post Becoming a Shipper of Choice with Empathy: A conversation with Andy Butler (P&G) appeared first on Chainalytics.

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! The Importance of Indirect Procurement! Indirect Procurement is referred to by many different names. It might be called Non-Production Procurement or MRO for instance.

Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course! I have been in the Procurement organization trying to get our arms around spend. This may be the head of Procurement, the CFO, the COO or the CEO. Subscribe Here! Email Address.

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.

Transport Procurement: Effectively manage freight costs in a dynamic market

CHAINalytics

The post Transport Procurement: Effectively manage freight costs in a dynamic market appeared first on Chainalytics. Uncategorized FMIC Freight Market Intelligence Consortium Freight Procurement freight sourcing transport procurement Transportation Bid transportation management Transportation Procurement

Transportation Procurement: Effectively manage freight costs in a dynamic market

CHAINalytics

The post Transportation Procurement: Effectively manage freight costs in a dynamic market appeared first on Chainalytics. Uncategorized FMIC freight bid Freight Market Intelligence Consortium Freight Procurement freight sourcing Transportation Bid transportation management Transportation Procurement transportation sourcing

How to Lower Your Ocean Freight Costs!

Supply Chain Game Changer

Do You Have Hidden Freight Costs? Ocean freight article and permission to publish here provided by Katherine Barrios at xeneta.com. Freight forwarders and shippers/BCO s are on a constant quest to have a better understanding of their ocean freight costs and ultimately have larger margins. Freight costs are considered by many forwarders and shippers to be a major part of their total shipment cost. Here are 15 tips for lowering ocean freight costs.

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Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX)

Freightos

Freight Visibility and Control: Introducing the Freightos Baltic Index (FBX). The underlying premise dates back further, even for freight. By 1985, the Baltic Exchange published its first daily dry bulk freight index. Dataset proliferation, the ability to run complex calculations on the fly, and an increasingly data-driven orientation created a fertile ground for indexes, extending beyond finance, pork bellies, and freight. A New Freight Index.

Advanced Strategies for Successful Ocean Freight Procurement

CHAINalytics

When it comes to ocean freight transport, shippers have benefited from almost a decade long “down-cycle” as far as rates are concerned. However, bankruptcies, consolidations, and the reorganization of carrier alliances has drastically reduced … The post Advanced Strategies for Successful Ocean Freight Procurement appeared first on Chainalytics.

Reducing Driver Detention at The Home Depot: A conversation with Ron Guzzi [Podcast]

CHAINalytics

Blog Freight Market Intelligence Consortium Supply Chain Intelligence Transportation carrier management Carrier Relationships driver detention dwell time Freight Procurement shipper of choice the home depot transportation management Transportation Optimization Transportation ProcurementThe post Reducing Driver Detention at The Home Depot: A conversation with Ron Guzzi [Podcast] appeared first on Chainalytics.

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods. Optimizing Rates Through Wider Selection and Multiple Bidding Rounds The only way to optimize rates in a spot rate driven procurement model is to use a wider selection of vendors and have multiple bidding rounds with them.

Reducing Driver Retention at The Home Depot: A conversation with Ron Guzzi [Podcast]

CHAINalytics

Blog Freight Market Intelligence Consortium Supply Chain Intelligence Transportation carrier management Carrier Relationships driver detention dwell time Freight Procurement shipper of choice the home depot transportation management Transportation Optimization Transportation ProcurementThe post Reducing Driver Retention at The Home Depot: A conversation with Ron Guzzi [Podcast] appeared first on Chainalytics.

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods. Logistic Post Uncategorized COVID-19 Digital Plathform Freight procurement Freight procurement software rate procurement

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A Trucking Economics Lesson: How rates will respond to market changes in 2020

CHAINalytics

So much so that our freight benchmarking group developed a new … The post A Trucking Economics Lesson: How rates will respond to market changes in 2020 appeared first on Chainalytics. Blog Feature Freight Market Intelligence Consortium Supply Chain Consulting Transportation contract freight rates contract rates freight benchmarking Freight Rates Transportation Benchmarking transportation economics Transportation Procurement trucking

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. “Logistics” and “Freight” both conjure up imagery associated with the movement and transportation of goods whether by truck, car, rail, ocean liner or any other form of transportation. What is Freight Management? But what activities are thus considered to be a part of Freight Management?

The Future of Freight Procurement

Talking Logistics

How should shippers and carriers approach freight procurement in the weeks and months ahead? How are advancements in transportation management systems (TMS) and other technologies helping shippers and carriers procure freight more intelligently and efficiently?

Chainalytics’ Transportation Principal Bryan Wyatt Named a “Pro to Know”

CHAINalytics

Feature In The News Press Release Supply Chain Consulting Transportation E-Commerce Freight Procurement freight transportation Last Mile Delivery Omni-channel Transportation consulting transportation management Transportation Procurement