Remove Freight Remove Procurement Remove Report Remove Warehousing

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. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. As a result, more shipments can be placed on “fast lanes,” reducing overall freight spend and duration of shipments.

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

Cerasis

The most recent report on adoption rates of TMS is from 2015, with only 35 percent of shippers actively using a TMS, asserts Bridget McCrea of Logistics Management. 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.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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. Clear Reporting.

Report Points to Increase of Shippers Outsourcing Transportation Management Due to These 4 Core Benefits

Cerasis

A distributor or manufacturer’s strength is in making product—its focus is procurement and streamlining production, but without the capability to fulfill orders, it is doomed. According to a recent report from Evan Armstrong of Armstrong & Associates, the 3pl industry is expected to see even more growth in the coming years than it saw from 2010-2013. Warehouse management demand is also strong, accounting for 19 percent of all demand.

Flying Warehouses! And Mobile Fulfillment Centers that Exist Today

FLEXE

Illustrations in the filing show a flying warehouse, which would remain at high altitudes as drones fly back and forth between the warehouse and nearby shipping destinations. The flying warehouse is designed to do things like hover over stadiums and restock concession stands in real-time. Leading e-retailers are using pop-up fulfillment centers to augment their supply chain to do similar things as the flying warehouse might do. The post Flying Warehouses!

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

According to the CSCMP's "State of Logistics" Report from 2015, logistics costs now make up over 8% of the GDP. Ensure that your warehouse operation is safe. Analyze labor reduction for any warehousing operation. There are Labor Management Software systems that can help manage work in the warehouse. Incentive programs for warehousing employees do work. Try warehouse mobility in your four walls. The layout of your warehouse can save you money.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. This initially necessitated the expansion of our warehousing provision, revision of our stock rotation and warehousing policies and associated costs, which we had to bear.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. New fuel will likely cost more than current bunker fuels and fuel surcharges will likely be added by carriers & its expected to increase freight rates by at least 15% to 30% in 2020. As carrier begins to adjust their rates, then down hierarchy players such as NVOCCs, LSPs, Trucking, Warehousing etc. will also need to update freight tariffs accordingly.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Data gathering and data entry, the creation and manipulation of spreadsheets and reports, the production and completion of forms, all purchase order and invoice management activities, product data management, and more are activities that should all be automated in the future. This will include every step and process within the manufacturing line, warehouse or distribution centre of your company or that of one of your suppliers. Subscribe Here! Email Address.

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. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses. After all, one of the more difficult aspects of managing warehouses is what to do with excess inventory, so you need to reduce it as much as possible.” Warehouse Operations

Challenges in the Cannabis Supply Chain!

Supply Chain Game Changer

Blog post originally published by, and permission to publish here provided by, Argentus a boutique recruitment firm focused on Supply Chain and Procurement. According to a recent report in Procurement trade publication Spend Matters , these are some of the most booming categories in the burgeoning industry. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Subscribe Here! Email Address.

5 ways ERP improves inventory visibility in your supply chain

OptiProERP

Whether it is about inventory in transit, in a warehouse or in distribution centers, visibility is a must. When stock is optimized in the right manner, routine inventory audits are done on time, inbound, outbound, warehousing, and in-transit movements are tracked meticulously. Inventory visibility ensures that your capital is not sitting on warehouse shelves instead of being used in your operations. Reporting functions yield accurate insights and data is updated in real-time.

Artificial Intelligence is Driving Real Supply Chain Improvement

Logistics Bureau

Statistic: Companies that use TMD applications have achieved freight cost savings of up to 8%. Source: ARC Advisory Group Strategic Report. However, with the integration of AI technology, new platforms are taking TMS capabilities to unprecedented heights, offering even more potential for companies to gain efficiency in transportation and reduce freight costs. Integrated AI in Warehouse Management Systems. AI as an Aid to Procurement Communications.

Automation in the supply chain to get major boost in 2019

EFT

A new report and industry survey from eyefortransport finds that automation is the top investment priority for retailers and manufacturers in 2019, particularly within the warehouse. The drive to get goods to customers at speed and to achieve operational efficiencies in what is currently a very tight labour market is pushing the investment environment to strongly focus on making more efficient warehousing operations that incorporate automation throughout.

Tips for Effectively Managing E-Commerce Logistics

Cerasis

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. Traditional warehouse management systems (WMS) were designed to handle orders in batches, which are costly in e-commerce fulfillment. As a result, freight spend as a whole has increased, but passing this cost along to consumers will only serve to undermine the productivity and brand value gains through e-commerce.

Experts Discuss How to Streamline Global Supply Chain

Supply Chain Opz

That said, implementing Lean concepts would undoubtedly be part of that strategy, for example, - Lean Warehousing : Many firms (both retailers and manufacturers) are now aggressively rolling out Lean in their warehouse operations. It is safe to say that if a warehouse operation is not implementing Lean, it is falling behind its competition. Eliminate Before You Automate : Automation is critical to large, efficient warehouse operations.

Global 216

Surviving Disruptions – an opportunity for supply chains to thrive with people and technology – LogiSYM July 2020

The Logistics & Supply Chain Management Society

A significant paradigm shift in procurement and inventory control is an emerging area of focus. The short-term strategy to build resilience, is to focus on three major elements, essential to keep freight moving. .

UAE 198

This Week in Logistics News (April 29 – May 3, 2019)

Talking Logistics

Indago is a Latin word that means “to investigate, search out, try to find/procure by seeking.”. Moving on, here’s the supply chain and logistics news that caught my attention this week: Amazon’s Freight Push Rattles Logistics Sector (WSJ – sub. req’d) Amazon dismisses idea automation will eliminate all its warehouse jobs soon (Reuters). Amazon the Freight Broker. Over the past few years, freight brokerage has been a hot segment of the transportation market.

5 More Transformative Supply Chain Technologies Supply Chains Will Focus on in 2018 to Move to the Next Level

Cerasis

2018 will be the year in which more companies choose to leverage the power of 3PL-based technologies, including transportation management systems (TMS) but also other transformative supply chain technologies like a Warehouse Management System, a Yard Management System, a Labor Management System, all integrated together via APIs connected to the cloud with added extensions to handle automated cycle-counting or network optimization.

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.

8 key benefits of effective supply chain management

6 River Systems

Data-driven SCM provides visibility from end to end for monitoring the flow of information, services and goods from procurement to manufacturing and delivery to the end consumer. Keeping up with demand “If consumer sales increase by 5 percent in a given week, a retailer could end up ordering 7 percent more product in response to the increase and a feeling that demand will continue,” according to a report by VISA. Warehouse Operations

How Europe is Coping with Supply Chain Disruption

Jaggaer

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. On top of this, a growing number of truck and van drivers are off work, often with symptoms of the virus, while many warehouse workers are unhappy about the risks posed. Adapting to the present and future challenges of COVID-19.

Top Logistics & Supply Chain Blogs We Followed in 2018 & Suggest You Follow in 2019

Shipchain

Its topics include upcoming supply chain conferences, warehouse technology innovation, logistics insights, and transportation cost control. The blog reports on recent changes to policies, best practices in supply chain management, whitepapers detailing procurement through reverse logistics and much more. Supply Chain Brain adds to the supply chain management and logistics conversation with warehousing, technology, and retail topics. Freight Hub.

Five Ways to Be a Shipper of Choice: Lessening Capacity Crunch Impact with a TMS

Talking Logistics

A recent report by the Department of Transportation’s Office of Inspector General said that the trucking industry loses between $1.1 Research done by DAT Solutions, a spot freight marketplace, reports that as many as 32 percent of drivers experience delays of more than two hours at one stop. The best TMS solutions integrate effectively with Warehouse Management Systems (WMS) or Enterprise Resource Planning (ERP) technology.

Top 15 Logistics Blog Posts of 2014

Cerasis

Some logistics involves transportation or warehouses or both. It is evident, the two most popular themes around logistics in 2014 based on these page views have to deal with Reverse Logistics , e-commerce , and information around the warehouse. The Warehouse Manager’s Complete Warehouse Traffic Management Checklist : A warehouse manager is responsible for ensuring the health and safety of their employees and others who visit your workplace.

50 expert tips on supply chain management

6 River Systems

Warehouse managers face numerous challenges, as well, such as the need to keep goods flowing in and out of the facility while enabling associates to practice social distancing measures. “Additionally, a review of reporting procedures can act as a safeguard against corruption throughout operations. Traceability offers a number of advantages, from real-time chain of custody reports to verification that products are authentic and vendors are certified.

The Top 6 Reasons to Have a Good Inbound Logistics Program

Cerasis

If other words, the costs associated with transportation of items from vendors make up the biggest portion of will transportation costs, reports Amy Roach Partridge of Inbound Logistics. In addition, you can use an inbound logistics program to reduce higher-cost shipments through freight consolidation and backhaul shipping, opening the door to even lower rates than you have previously negotiated with your carrier.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

WorldShipping.org cites data from The Network for Transit and the Environment that shows that measured by grams/kg/km air freight as the largest carbon footprint impact and steamships as the lowest. According to the American Trucking Association, in the USA trucks move 11 billion tons of freight each year; deliver 100 percent of all consumer products and 70 percent of all freight tonnage; and deliver to the 80 percent of U.S.

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

The latest transport management systems (TMS) available in the market do not stop in capability for data collection and reporting. Visibility : A TMS makes it easier for a logistics manager to have freight visibility along the way so that everyone involved, including the customer knows exactly where the shipments are at any time. Measurement : Most TMS have a logistics key performance indicator (KPI) reporting function that makes it easy to measure performance.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

Intelleflex ZEST™ Data Services, a cloud-based repository for aggregating, warehousing and sharing information across the supply chain, facilitates on-demand access to actionable data for improved supply chain operations to provide a complete picture of data spanning the entire supply chain. In the majority of today’s cold-chain operations, data from condition monitoring is either nonexistent or requires hours or days to procure – making it inactionable.

TMS for SMB: A Case Study with Carhartt

Talking Logistics

Its freight spend? Rapid growth, coupled with new market segments and channels (including ecommerce), prompted Carhartt to embark on a multi-million dollar upgrade of its distribution center, which included investments in warehouse management and transportation management solutions. Procurement & Contract Management. Freight Bill Audit & Pay. Reporting & Analysis.

This Week in Logistics News (April 4-8, 2016)

Talking Logistics

MercuryGate Launches Global, Omni-modal Freight Procurement Solution. Manhattan Associates Empowers Warehouse Managers With New E-Commerce Capabilities. Many shippers have effectively elected to toss to the wayside any talk of partnerships, relationships, cooperation, collaboration, etc. ,” the report read [emphasis mine]. Based on the quote above from the Stifel report, it seems like my advice has been ignored.

Guinea 108

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. As we head towards what many experts are citing as a 2017 carrier capacity crisis and growing demands from consumers to keep them happy call for shorter delivery cycles, the traditional strategy of procurement cost saving and shipment consolidation opportunities have to be supplemented through innovative solutions, to deliver the best bang for the buck.

The Agile Supply Chain! Why Agility is Trumping Lean!

Supply Chain Game Changer

Unlike the lean supply chain, the agile supply chain uses real-time data and updated information, as reported by Martin Christopher in Industrial Marketing Magazine , to leverage current operations and real-time data against demand forecast, which helps to improve the overall efficiency and productivity of the given entity. Selected as one of the Top 75 Supply Chain Blogs, and one of the Top 25 Procurement Blogs, on the Internet. Subscribe Here! Email Address.

Lean 57

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

As most warehouse strategies are formed to combat issues of product shortage or provide important accounting data regarding a product, technology has been created to help reverse supply chains and drive larger recovery by serving the business needs for selling surplus. Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location.