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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.

More than storage: What warehouse services can a 3PL provide?

Kanban Logistics

When it comes to warehousing, many companies eventually outgrow the “do it yourself” model and choose to hand the reins over to a third-party logistics (3PL) professional. Recap: basic warehouse services. You can choose to simply go it alone and build or rent a warehouse yourself.

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50 expert warehouse optimization tips and techniques

6 River Systems

Optimizing your warehouse means examining every corner of your infrastructure and every facet of your workflows and processes to identify and correct inefficiencies. Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. Of course, warehouse optimization isn’t something you do just once; it’s an ongoing process, and a complex one at that.

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 in freight forwarding – Is it the next big thing?

20Cube Logistics

Supply chain involves procurement, creating orders, packing, shipping and distribution of goods, etc., Basically, blockchain is a record-keeping mechanism which makes business easy and safe on the internet by increasing transparency and providing end-to-end visibility from order to warehousing to delivery to payment. How will blockchain impact freight forwarding? Transparent & secure. The post Blockchain in freight forwarding – Is it the next big thing?

How Freight Disrupted Itself: The View From Within A Changing Industry

Freightos

How Freight Disrupted Itself. In the last year, a new dynamic has begun to reshape the freight industry. Phil knows his (freight) stuff. In his PhD thesis he developed a product to secure ocean freight rates with financial derivatives. Declining Freight Rates. Phil adds that something else has contributed to declining freight rates. Knowledge is power, and this knowledge is keeping freight rates at low levels.

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. 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. If you don’t have enough of the right inventory you won’t be able to fulfill demand and the rest of your inventory will sit idly on warehouse shelves. Subscribe Here!

How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. You could pick up a job as a warehouse picker, a forklift driver, or even a truck driver. Procurement Analyst.

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. To achieve full efficiency, the supply chain needs secure, accurate and timely data on the inventory status and condition of its products.

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.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

The back bone of all of it is Digital Technology: The Internet of Things (IoT) End to End Digital Connectivity Cloud Computing Blockchain Big Data Artificial Intelligence Predictive Analytics Machine Learning Virtual Reality Augmented Reality Voice Activated Technology Wearable Devices Robotics 3D Printing and On Demand, Additive Manufacturing Cyber Security Autonomous Vehicles Drones Software as a Service (SaaS) and much more. 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. By getting to grips with issues such as suppliers’ creditworthiness, payments history, data security and their own supply chain resilience, you can build a much more in-depth picture of any threat they may propose — and manage the danger accordingly. Think about how your warehouse might look in 2030.

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

6 River Systems

With how quickly new technology, tips and warehouse management techniques are emerging, wouldn’t it be nice to take a page from someone else’s book? 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. In 2018, Wayfair expanded its warehouse and logistics investments in the U.S.

6 More Logistics Technology Trends Enabling Success in 2018

Cerasis

However, logistics focuses expressly on the movement and storage of products, while the supply chain goes into deeper detail, including manufacturing processes, procurement, and the flow of goods. The decision by Amazon will result in increased development of robots for use in logistics and other functions in warehouses such as packing and picking. Freight sharing apps are one of the major app categories that will see a significant boost throughout 2018.

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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. .

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

Talking Logistics

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. For related commentary, see: On-Time In-Full (OTIF) and the Growing Demand for Real-Time Freight Visibility. Source: Evan, Flikr. “I

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.

6 Key Supply Chain and Logistics Trends to Watch in 2017

Logistics Bureau

Key Logistics Trend #1: Warehouse Robotics in the Supply Chain. Automation is already well-established in many distribution centres around the world, but for most, it is limited to workflow automation managed by increasingly advanced warehouse management systems. The situation is changing however, as more and more MHE manufacturers bring warehouse robotics to market.

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. The best TMS solutions integrate effectively with Warehouse Management Systems (WMS) or Enterprise Resource Planning (ERP) technology.

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. Data isn’t the only driver of effective supply chain management; other factors such as good vendor and supplier relationships, effective cost control, securing the right logistics partners and adopting innovative supply chain technologies make a big impact, too. Warehouse Operations

What Transportation Professionals Need to Know About the U.S.-Mexico Border Situation

CH Robinson Transportfolio

While this threat is not new, it certainly feels different this time around, and specifically raises questions for those involved in regular cross border freight movements. While we may not know if and how policy may change and impact freight for a few days or weeks, we can scenario plan for a reasonable number of outcomes. Work with your account managers and transportation service providers to review time critical and urgent freight shipments. On March 27, U.S.

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.

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

Logistics Bureau

We are on the cusp of a robotic revolution, whether you think of robots in the context of automated human replacements in the warehouse or self-driving vehicles on the road, rails, in the air, and at sea. Meanwhile, warehouse robotic solutions are developing apace, as you’ll know if you’ve been reading some of my posts on supply chain trends to watch in 2017 and 2018. Robots Run the Warehouse.

How the best shippers manage capacity challenges

DAT Solutions

What can shippers do to make their freight attractive to carriers? Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. – David Domencic, Senior Manager of Transportation Procurement, Armada Supply Chain Solutions. The product requires drivers to actively secure the steel with straps and racks, but not all drivers are willing or able to do that.

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. If you haven’t developed any KPIs or monitoring processes, start thinking through what measures define success or failure, and how Procurement can go about confirming a supplier stays on track. ” — Sarah Hippold, Coronavirus: How to Secure Your Supply Chain , Gartner; Twitter: @Gartner_inc 23.

How the best shippers manage capacity challenges

DAT Solutions

What can shippers do to make their freight attractive to carriers? Especially with the ELD mandate, we need to inform our suppliers and distribution centers that their receiving hour window may no longer be conducive to transporting freight. – David Domencic, Senior Manager of Transportation Procurement, Armada Supply Chain Solutions. The product requires drivers to actively secure the steel with straps and racks, but not all drivers are willing or able to do that.

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

Behind those Amazon Prime boxes, a bull market in warehouses (Reuters). April 2016 North American Freight Numbers. Cass Freight Index Report – May 2016. From a supply chain perspective, Brexit will have a ripple effect on procurement, trade agreements, customs, and other areas. The company cited a weak freight market, lower fuel surcharges and higher costs, among other factors, for the revision.

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

Cerasis

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,”. When someone selects an item, the display calculates the most efficient path through the warehouse, guides that person to the package, scans it as ‘picked’ into the Warehouse Management System, and immediately directs the picker to the next closest package.

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7 Ways Transportation Companies Can Improve Customer Experience

MercuryGate

Security Our Thorough And Comprehensive Security Program Discover A Secure TMS Learn More arrow_right_alt. Limit Unnecessary Check Calls for Freight. Streamline Freight Tendering by Sharing Customer Data From the Moment of Ordering. search. close.

Risk Management: Is 2018 the Year of Living Dangerously?

Enterra Insights

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. He writes, “2018 will bring unprecedented IT security threats and challenges for all businesses.”[2] Security threats for the Internet of Things (IoT).

Last Mile Delivery Explained! (Infographic)

Supply Chain Game Changer

Security and insurance. Check out Keys to Success in E-Commerce Warehouse Management/Order Fulfillment! 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!

Ryder Use Case: Why Digitizing the Order to Cash Process with Turvo Makes Supply Chains More Efficient

Turvo

The biggest problem in the traditional order to cash process often involved the lack of real-time intervention and access to information, but, as noted in The Wall Street Journal article by Jennifer Smith titled “ Companies Lean on Freight Technology to Untangle Scrambled Supply Chains ,” companies, like Ryder, are implementing platforms to digitize the order to cash process with the launch of RyderShare™. Digitization remains a concept escaping most of the supply chain.

The state of supply chains: Aerospace

EFT

From that moment on, the key was to understand the outlook for recovery and resize our warehouses to match business activity. 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.

Supply Chain Risk Management Highlighted by a Tiny Computer Chip

Enterra Insights

In the book — which is based on real-life technology, technical papers, and diplomatic meetings — national security and international relations expert Peter W. As part of Amazon’s due diligence process, a third-party security firm was hired to assess Elemental’s cybersecurity. In late spring of 2015, Elemental’s staff boxed up several servers and sent them to Ontario, Canada, for the third-party security company to test, the person says.

How to Determine if Your Distribution Fulfillment Strategy is Working

Veridian Solutions

Limited visibility in procurement. Higher freight spend. It ensures that your goods are secure and protected while enabling you to track what is available to ship to your customers. If your warehouse is well-stocked, organized, and easy to navigate for order processing, it’s another good indication that your distribution fulfillment strategy is operating as it should. Strategy is everything in successful supply chains and efficient warehouses.