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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.

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.

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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. Over that period of time, shippers were able to secure capacity from a variety of competing carriers at a lower cost. 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.

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. A strategic approach to obtaining what you need to keep your business and products moving—whether you’re sourcing raw materials, manufactured accessories, or transportation capacity—can help avoid unforeseen disruptions and create a competitive advantage in today’s changing market.

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.

Procurement Challenges Condensed

Claritum

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. To my mind, your challenges depend on where you are in transformational change within your organisation, the scope of your function within Procurement and the nature of the organisation’s supply chain.

Blockchain’s Coming to the Supply Chain - Eventually

Supply Chain Brain

Show notes: A previous podcast episode about blockchain in the freight industry. Sourcing/Procurement/SRM All Technology EDI Communication (XML/EDI) Global Trade Management SC Planning & Optimization Supply Chain Visibility Quality & Metrics Supply Chain Security & Risk Mgmt. When it comes to the deployment of blockchain in the supply chain, or anywhere else for that matter, these are still early days.

Blockchain for the Supply Chain: Reality vs. Hype

Supply Chain Brain

All must agree to the precise form of that document before the release of international freight and the transfer of funds. At the same time, technical standards are needed to govern the various processes that are unique to freight transportation and other logistics-related services. Standards are also needed for shoring up blockchain security. I do not believe that saying something is immutable is necessarily saying something is secure,” says Perez.

[INFOGRAPHIC] The Future Of Procurement: What Is Your Role?

Cerasis

At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. Increasingly, as we work with procurement folks at these companies, we are hearing that technology for better communication and to create more efficiency. The Future of Procurement is Driven by Technology. In 10 years, your day-to-day job in procurement might be radically different.

Supply Chain Risk Management is a Cirque Du Soleil Calibre Act!

Supply Chain Game Changer

There are many factors which can lead to an inability to secure supply of the goods or services that you need to conduct your business. A predominant issue is having single, or sole, sourced parts. If the supplier provides materials that can be sourced elsewhere then you have a path to developing a contingency plan. Their Sales teams will want to pad forecasts and hedge demand but their Procurement teams will want to give you forecasts that they are more confident in.

5 Ways Temperature Controlled Shippers Can Boost Supply Chain Efficiency

CH Robinson Transportfolio

The increased need for adaptability and agility sums up what nearly everyone is feeling these days—this is particularly true for companies shipping temperature sensitive freight when timing is critical. Use the market conditions to secure the capacity options you want.

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Risks exist in land, air and ocean freight. Poor grasp of hazards in your supply chain will increase freight spend and diminish brand value. Extreme weather represents one of the most significant risks to ocean freight on the globe. Ecological responsibility and sustainable practices are both forms of social responsibility, and as more laws are passed governing the environment, ocean freight carriers will come under greater scrutiny, says Dave Blanchard of Industry Week.

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

Only motivation is to save money on freight rates. RFP’s give you the opportunity to negotiate/award freight rates that will have a major impact on your budget for the year. Think outside the box, and look for opportunities to leverage continuous moves or dedicated operations to lower freight expense. RFP’s are beneficial for ensuring your rates are in line with the market as it becomes more challenging to secure capacity.

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

Supply Chain Network

To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products. 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. The CMR-6100 is easy to install and maintain, requiring only connecting it to an AC or DC power source – or even a solar power source – and attaching RFID antennas.

What Exactly is Blockchain? And How Does it Work? (Infographic)

Supply Chain Game Changer

Source: [link]. Source: Wikipedia [link]. Source: [link]. Source: [link]. When a block is completed, it creates a unique secure code that ties it to the next block.” ” Source: [link]. 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. SCM #SupplyChain #Technology #blockchain #AI #Iot #Logistics #Procurement.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

So how can companies in the GCC chemical industry secure the future of their supply chain networks via integration? Working closely with strategic teams and exploring implications for procurement, logistics and distribution, supply chain teams can better prepare for risks related to supply and demand. Supporting localisation – To increase resilience, means to decentralise sourcing.

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

The Logistics & Supply Chain Management Society

This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. A significant paradigm shift in procurement and inventory control is an emerging area of focus.

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Capitalising on Supply Chain Digitisation with Robotic Process Automation – 10 Areas of Opportunities – LogiSYM August 2020

The Logistics & Supply Chain Management Society

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.

Managing Supply Chain SLAs Through Blockchain: Is Blockchain the New Incoterm?

Cerasis

The list of Incoterms is created and managed by the International Chamber of Commerce , and managing supply chain SLAs relies heavily on this decades-old list to ensure consistency and clear communications in contractual details for moving freight. Therefore, having an indisputable source of information, such as blockchain technology, may be used to develop consistency and clarity in managing supply chain SLAs.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Instead of having to deal with an ineffective point-to-point communication system like EDI and the complexity of reconciling multiple data sources with multiple permission models, Distributed Ledger Technology (DLT) provides a singular mechanism to securely integrate, harmonize, and synchronize data for all participants. Source ] Blockchain can help mitigate these losses and their associated disputes.

McDonald’s Supply Chain Challenge: Switching from Frozen to Fresh Burgers!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. southwest because they serve fresh patties and aren’t able to secure the beef supply chain they want beyond that region. The flexibility required for an on-the-fly revamp of sourcing and distribution to over 14,000 stores shouldn’t be underestimated. Subscribe Here! Email Address. Blog post originally published at, and permission to publish here provided by, [link].

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Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

Source: Evan, Flikr. “I SophiaTX Open Source Platform to Integrate SAP, Blockchain. As history has shown, terrorist attacks and regional conflicts (and how the world responds to them) affect oil prices, stock markets, consumer confidence and spending, and trade lanes — and they can trigger new regulations and security measures, which could increase supply chain costs and lead times.

6 Key Supply Chain and Logistics Trends to Watch in 2017

Logistics Bureau

Shippers can easily find space for their goods on a truck using “Convoy”, a form of crowd-sourced freight service. The same melding of software and service can be found in solutions used for warehouse management, procurement/purchasing, and other operational applications in the supply chain, as on-premises software gives way to cloud solutions with integrated technical support services and self-help capabilities which obviate the need for in-house IT resources.

Blockchain: The Next Great Leap in Supply Chain Transparency!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. More world-beating companies are recognizing that the goodwill you get from transparency in your Supply Chain can be a major source of competitive advantage – while also helping to make the world a more humane place. It uses cryptography to allow anyone granted access to add to the ledger in a secure way without the need for a central authority. Subscribe Here! Email Address.

Why investors are looking at supply chain technologies in 2020

Requis

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. In the procurement space, what I want to be able to assess is risk management.

6 Digitization Steps to Overcome Supply Chain Disruptions & Build Resiliency

Turvo

Few areas of the supply chain are more susceptible than sourcing strategies. In the global economy, manufacturers may source raw materials from affected regions. Of course, a more diverse supply chain contains this protective effect—enabling multi-sourcing capabilities for all needed resources from cargo space to drivers and beyond. According to Supply Chain Dive , most CFOs (56%) plan to find and procure new sourcing capabilities going forward from COVID-19.

2016 Supply Chain Trends: 7 of 12 Trends that Will Drive Supply Chain Management in 2016

Cerasis

Employ comprehensive solutions that support the entire source-to-settle process and create value for all parties involved in it. Real-time system integration, secure data exchange, visibility and traceability between disparate systems across multiple supply chains and industry verticals are just some of the options already available through technology,”. Freight/Container Loading: Augmented reality could replace the need for a physical cargo list and load instructions.

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Last Mile Delivery Explained! (Infographic)

Supply Chain Game Changer

Security and insurance. 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. E-Commerce Freight and Logistics Guest Blog Post Retail Supply Chain Supply Chain Management ECommerce Freight Logistics Retail SCM supplychain TransportationSubscribe Here! Email Address.

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

Talking Logistics

Shippers need to learn how to be a “shipper of choice” in order to secure capacity in a consistent and productive way at reasonable rates. 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. Make contract sourcing easier and faster and more aligned with the market. If your TMS includes procurement functionality, you can simplify the process for you and your carriers.

Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

Globalism has been a boon to the supply chain by expanding sourcing, opening new markets, accelerating growth and highlighting opportunities to save money. If supply chain complexity, global competition, information collection challenges, climate change, natural disasters, and protectionism aren’t enough to worry about, Benjamin Roussey insists five IT security risks are going to make 2018 a nightmare for risk managers. Security threats for the Internet of Things (IoT).

What is SCM and Why is it Important?

Oracle SCM

It refers to the systems, processes and software packages used by organizations to manage day-to-day operating activities such as, new product development , demand, supply and sales & operations planning , procurement , logistics , order management , manufacturing and asset maintenance. Supply chain teams must be able to design, order, plan, source, make, and deliver new products and services quickly and efficiently. The acronym SCM stands for supply chain management.

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The state of supply chains: Aerospace

EFT

Mads Ravn is the US-based head of global air freight procurement at DSV Air & Sea, with 25 years career experience at the fast-growing freight forwarder. Aerospace supply chains stalled in March when Covid-19 saw airlines ground most of the world’s passenger aircraft.

Changing Supply Chains One Block at a Time

Enterra Insights

It has the advantages of existing network solutions and, in theory, will also have better IT security than existing supply chain applications.”[2]. … Up to 10 percent of all freight invoices ‘contain inaccurate data which leads to disputes as well as many other process inefficiencies in the logistics industry.’ There has been a lot written about blockchain technology this past year as people realize its potential goes far beyond use in cryptocurrencies.

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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. Globalization linked with increasing labor costs in countries such as China, as well as fuel costs and regulatory shifts, are driving a dramatic impact on where companies source, where they produce, and the complexity of processes required to sell to the customer.

The Supply Chain Control Tower! An Assessment!

Supply Chain Game Changer

Image Source: Slideshare. Order fulfillment – Easy to configure, flexible, secure and reliable order data integration – reducing cost to serve. Freight settlement – reduction in expediting costs with accurate & reliable management of billing, audit and payment activities. Check out The 3 Pillars of Digital Procurement! Subscribe Here! Email Address. Article created and permission to publish here provided by Jenis Sheth at [link].