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.

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

Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Fixing a price is almost futile in a volatile market, and ocean freight now has much more volatility (both frequency and magnitude) than most other commodities. Remember iPods?

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time. Freight is unique.

[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. The Future of Procurement is Driven by Technology. INFOGRAPHIC: The Future of Procurement.

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

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

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.

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.

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. Blog Feature Transportation best practices bid strategies Ocean Freight ocean procurement sourcing strategies transport procurement

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!

The Benefits of “Off-Cycle” Transportation Sourcing Events

CHAINalytics

A large percentage of North American companies hold their annual transportation sourcing event during the first quarter or last quarter of each year. However, there is … The post The Benefits of “Off-Cycle” Transportation Sourcing Events appeared first on Chainalytics. One of the primary factors driving this decision is the need to have solid insight into transportation costs to feed into the budget cycle for the next fiscal year.

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!

Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa

CHAINalytics

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

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. So just how strategic are you when it comes to sourcing transportation capacity?

Imbalanced Investments: Transportation Spending vs. Procurement Technology (Part 1)

Supply Chain Network

Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. Here’s the cliff-note version of the results; the full report is worth a thorough read : Transportation planning is sorely inefficient: According to the survey, only 25 percent of buyers are using a completely systems-based approach for procurement. Freight & Transportation Information Technology PaulMartyn Procurement

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Supply Chain involves planning, execution, physical flows of goods, the flow of information, processes, financial management, sourcing, logistics, procurement, manufacturing, distribution, logistics, repair and recycling, business management and much, much more. Subscribe Here!

How Retailers Can Use Supply Chain Technology to Get Ahead

CH Robinson Transportfolio

Orders of varying quantities can be consolidated automatically to optimize freight, timelines, and cost. In my last blog , I talked about how consumer demands for a larger and more immediate selection of products are forcing retail businesses to become supply chain professionals.

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.

How to Avoid Bottlenecks in Your Supply Chain!

Supply Chain Game Changer

For example, a common source of these issues is a lack of communication. supplychainmanagement #logistics #procurement. Business Process Optimization Freight and Logistics Guest Blog Post Procurement Supply Chain Management LogisticsSubscribe Here! Email Address.

Freight and Logistics – Breaking the Traffic Jam that is your Supply Chain!

Supply Chain Game Changer

And if necessary you may want to dual source some of your supply with more than one supplier. Check out Freight and Logistics (Part 4) – Do You Have Hidden Freight Costs? . Freight #Logistics #SupplyChain #SCM #Distribution #Transportation. Subscribe Here!

Moving Up The Corporate Ladder, Does Your Freight Spend Have A Seat At The Table?

4WL Consulting

There’s been a shift from executing daily freight transactions to integrating top-level corporate planning and procurement strategies. Both Large and Mid-sized shipping companies rely on procurement personnel.

An Overview of the Freight Brokering Business in 2015

Cerasis

Editor's Note: This is a blog post about the state of the freight brokering business in 2015. Cerasis is a freight broker and holds a $250,000 TIA Broker Bond. If you are a shipper, this post will bring light to you on how the freight brokering business works. Source: DAT.

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. Source: [link] ). Source: [link] ). Source: [link] ).

How Does Procurement Create Value? Insights from CPO Speakers at Zycus Horizons Conference

Supply Chain View from the Field

In addition to the procurement executives, I also got to meet Captain Dick Phillips, the captain of note in the film “Captain Phillips” We had a chance to talk about his experience, and he also presented to the group about the incredible experience he went through. Chris Sawchuck from the Hackett Group interviewed three heads of procurement from three large companies, and asked an important question. Does procurement add to top line revenue.

Importing From China! The Essential Guide! (Video)

Supply Chain Game Changer

This indispensable guide offers a helpful run-down of product selection, sourcing suppliers, shipping, and more. China #Import #Export #Logistics #SupplyChain #SCM #Freight. Subscribe Here! Email Address.

China 69

Are you a Game Changer? Tell us your Story!

Supply Chain Game Changer

Please credit and reference all sources, facts and figures. SupplyChain #Leadership #supplychainmanagement #procurement #purchasing #logistics #freight. Subscribe Here! Email Address. Every day there are individuals and teams all around the world who are making a difference.

Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

Check out What Exactly Is Procurement? A well constructed Procurement Strategy will raise the value of the Supply Chain to your company. “Commodity Management” may also be referred to as Category Management, Strategic Procurement or Merchant Management for instance.

Supply Chain Compensation is on the Rise!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. The average compensation for CPOs (including Supply Chain, Procurement and Sourcing) was $263,578. The following results also include Supply Chain, Procurement and Sourcing in the same bucket: The average compensation for VPs was $208,959. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Subscribe Here! Email Address.

It’s Time to Welcome The Supply Chain CEO!

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Whereas different Supply Chain functions used to be siloed (planning, operations, procurement, etc.), Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Subscribe Here!

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.

Gartner’s 2018 Top 25 Supply Chains List! Is it Still Relevant?

Supply Chain Game Changer

Source: Gartner. Source: Gartner (May 2018). SCM #SupplyChain #Logistics #Distribution #Technology #Leadership #Procurement #Purchasing #Freight. Supply Chain Management Distribution Freight Leadership Logistics Procurement Purchasing SCM supplychain Technology

Freight Consolidation for Full Truckload: The Hidden Gem of Full Truckload Shipping

Cerasis

The Problem: Shippers Using LTL-Exclusive Shipping Have Minimal, If Any, Profitability in Freight Spend Shippers have been bartered with the topic of LTL shipping for years, including how to make better use of it, reduce freight spend and leverage technology. Unfortunately, the surrounding LTL shipping has resulted in an unusual problem; shippers are turning to LTL-exclusive shipments, which can significantly drive up freight spend. Freight Full Truckload

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

Supply Chain Game Changer

Source: [link]. Source: Wikipedia [link]. Source: [link]. Source: [link]. ” Source: [link]. Source: [link]. ” Source: [link]. SCM #SupplyChain #Technology #blockchain #AI #Iot #Logistics #Procurement. Subscribe Here!

7 Essential Attributes of Strategic Supplier Partnerships!

Supply Chain Game Changer

Whether the phrase refers to sourcing, procurement, relationships, or other matters, its use is prevalent. One example is in the world of out-sourced software development. Leadership #Business #SCM #SupplyChain #Procurement #Purchasing. Subscribe Here! Email Address.