Remove Freight Remove Procurement Remove Sustainability Remove Transportation

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.

How Freight & Transportation Data Can Trim Your Transportation Spend

Cerasis

When you want to drive down your logistics and transportation spend, the very first thing that you need is freight and transportation data. Luckily, this isn’t the case for transportation data. With the services of a trusted 3PL and a good transportation management system (TMS), you can glean an abundance of data around activities and practices related to your transportation department. Accurate freight and transportation data is particularly important.

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

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. Creating more sustainable logistics is even more important for the trucking industry. While trucks have a smaller carbon footprint/kg/km than air freight, the enormous volume of truck freight explains why reducing the carbon footprint is a priority goal.

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.

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. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

Lean 179

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.

Cargo 53

[e-Book] How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage

Cerasis

We release our second e-book today by focusing on strategic logistics and transportation management creates a competitive business advantage for shippers. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. This is especially relevant for third-party logistics and transportation management service providers, whose service fee is based on reducing cost and streamlining the shipper’s supply chain.

Achieving Sustained Transportation Savings: Practical Advice for C-Level Executives

Talking Logistics

The quest to identify and achieve transportation cost savings is an ongoing one for transportation and logistics executives. It’s also a focus area for CEOs and CFOs because of transportation’s impact on the bottom line. What is the main roadblock to achieving sustained transportation savings? I can give you countless examples of how this impacts transportation costs.”.

Five Technology Trends That Will Change Global Freight

Freightos

Five Tech Trends That Will Change Freight. Elon Musk’s concept of the hyperloop promises 700 mph transportation between major US cities. Musk already has experience with transportation innovation; reinventing the electric car with Tesla, and creating reusable rockets at SpaceX. Increasingly they are running procurement and logistics departments. VC ❤️ Freight Startups. Moving data better means moving freight better.

Easier than reducing carbon footprint – 5 Steps to make a dent in the Huge and Hidden Cost of CPG Sustainability

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.

Purolator wins Third-Party Logistics Sustainability Award for its work with Echo Global Logistics

Supply Chain Network

Purolator, Canada’s leading integrated freight and parcel solutions provider, is pleased to announce that it was recently awarded Logistics Quarterly’s 2011 Third-Party Logistics (3PL) Sustainability Award for demonstrating leadership in sustainable supply chain practices. Purolator received the prestigious award at Logistics Quarterly’s Sustainability Study and Awards Symposium held in Toronto on July 14.

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. It’s not just freight rates.

5 Ways a TMS Can Help You “Go Green”

Talking Logistics

In recent years, businesses and consumers across the country have demonstrated that sustainability matters – both in terms of what they buy and how vendors are selected. based companies have a supplier sustainability scorecard that they may use in their purchasing decisions, and another 23% are developing one. One of the easiest ways to get started is by investing in a Transportation Management System (TMS).

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Firstly, many companies are reaching more advanced levels of maturity in sustainability and greening the supply chain. Meanwhile, more third-party agencies and organisations, including governments, are pushing the sustainability agenda. According to the Shipa Freight report, the primary challenges faced by internationalizing SMEs, from a shipping perspective, are as follows: International shipping costs are too high, and cost-visibility is inadequate.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Total cost of ownership (TCO) is a Procurement sourcing methodology which entails taking into account all aspects of doing business with a supplier, not just unit costs. This Supply Chain mapping must also include your transportation service suppliers. Recycling, reclamation and refurbishment are more than just good things to do to protect the environment and promote proper sustainability stewardship. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

Iran 72

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production. Subscribe Here!

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

Supply Chain Game Changer

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. As the saying goes “With great power comes great responsibility” Procurement integrity is absolutely essential. On top of that if you can’t move the goods because transportation modes or lanes are disrupted you Supply Chain will be impacted. Sustainability. Subscribe Here! Email Address.

IMO 2020 is Here. Are You Ready?

Supply Chain Game Changer

This regulation will see the largest reduction in the Sulphur content of the transportation fuel under taken at any time in the history. This regulation will be implemented from 1st January 2020 and it is a major step towards Sustainability. Under this regime, the primary responsible party in the freight market will be the vessel owner or operator. This has been done to curb pollution and make the industry greener and world more sustainable. Subscribe Here!

Top 10 Global Supply Chain Risks

Supply Chain Game Changer

Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. 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. Someone with malicious intent could bring down entire supply chain networks and force freight rates to skyrocket.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Sustainable Practices Will Be a Leading Focus of Supply Chain Executives. Supply chain executives will also increase focus on sustainable practices, reducing waste and improving efficiency throughout the entire supply chain. Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Subscribe Here! Email Address.

Challenges and possible solutions for local seafood supply chains

Supply Chain View from the Field

Contracts and investments will be needed to drive standard pricing, and to ensure access to freight and other equipment. Today no one is ready to make these investments, and as we have stretched out the supply chain, transportation and going to mainstream markets will be an issue. Food Supply Chains Local Food Systems Procurement Sustainability Supply Chain Economics Supply Chain Management Supply chain Relationships Sustainability

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

Sustainable Practices Will Be a Leading Focus of Supply Chain Executives. Supply chain executives will also increase focus on sustainable practices, reducing waste and improving efficiency throughout the entire supply chain. Furthermore, pressure on carriers and the transportation industry will result in greater use of elastic logistics methodologies, so supply chain managers must be willing to change and adapt. Subscribe Here! Email Address.

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. Such providers understand domestic transportation issues, and can plan to develop long-term solutions to complex local distribution challenges. Procurement will play a key role in monitoring supply base conditions.

Are These the 5 Biggest Fallacies in Supply Chain or is it Fake News?

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. More companies are raising expectations of environmental sustainability. Some massive companies have pledged to eliminate excess waste in their supply chains entirely in the coming years, and there’s a lot of talk that sustainability helps the bottom line by improving sales and lowering costs (e.g. Argentus is a boutique recruitment firm focused on Supply Chain and Procurement.

Going Beyond Brokerage: How North American Capacity Solutions Can Go to Work for You

Talking Logistics

While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. It may be time to evaluate your transportation network and approach to procurement and make the move from simply fixing logistics problems as they present themselves to a more strategic, scalable model derived from analytics and not simply rates.

Airfreight Forwarders and Carriers Prepare for Holiday Season

Logistics Trends and Insights

Robinson, air freight pricing has increased between China and the U.S. Panalpina, DHL Global Forwarding and Flexport are among forwarders that have added additional air freight capacity this year. Panalpina has procured extra flights for its charter operation while DHL Global Forwarding announced earlier this year that it would deploy a second dedicated Boeing 747-400F — ACMI-leased through Atlas Air — to connect the US, Europe and Asia. Air Cargo air freight airfreight

A Strategy for Shippers When Markets Telegraph Lower Freight Rates

Supply Chain Collaborator

When broader market rates for truckload freight change significantly, shippers can find themselves paying prices for shipments well outside of what current market rates should dictate. This is particularly true when market rates fall after a period of sustained high pricing. It would seem, shippers are currently experiencing this situation today as the markets telegraph lower freight rates.

Supplier Risk Management: 4 Things To Look Out for During On-Site Evaluations

Cerasis

” In the process of business procurement and especially in the supply chain, supplier risk management is a skill set that needs focus day in and day out. Specifically, in the transportation and logistics industry it can be very beneficial to visit your carriers in person. If your carrier fails to secure cargo, or neglects their fleet, their number of breakdowns, violations, and freight damage claims will soar; directly impacting your business.

Letter from the CEO: 2019 Outlook & Strategies to be Successful

Transplace

The confluence of a high performing economy with finite trucking capacity that had already been impacted by regulatory changes, a driver shortage and severe weather events, resulted in capacity constraints and, ultimately, exorbitant freight costs. While it is not uncommon for the market to fluctuate and for rates to surge, the historic increase of spot freight prices in 2018 was unprecedented and caught many shippers off guard. Freight costs will become more manageable.

How Bad Weather Can Take Supply Chains by Storm—and How You Can Prepare

CH Robinson Transportfolio

The most surprising thing to me about last year’s bad weather was how it caught transportation professionals off guard. They wanted to talk about why the transportation budget was so out of whack, but many transportation professionals were unprepared to explain it. Conduct a procurement exercise at the same time of year, every year. But before you choose, measure how much freight your carriers are actually hauling, compared to what they promised.

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

Talking Logistics

Unfortunately, being a “shipper of choice” doesn’t just happen overnight; it takes a commitment from the shipper to partner with the carrier, consistency and sustained results, and excellence in communication. One of the most impactful tools in a shipper’s arsenal toward this end is a Transportation Management System (TMS). A recent report by the Department of Transportation’s Office of Inspector General said that the trucking industry loses between $1.1

This Week in Logistics News (May 7-11, 2018)

Talking Logistics

Freight Operators Dismiss Threat of Digital Startups (WSJ – sub. Kuebix Surpasses 10,000 Companies Using Its Transportation Management System (TMS). to further explore concepts and technologies related to urban air mobility (UAM) to ensure a safe and efficient system for future air transportation in populated areas.” Rail, One of the Transportation Granddaddies, Still Relevant. Robinson launching a trans-Eurasian rail freight service between China and Europe.

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. . Sustaining & Engaging Empowerment.

UAE 198

How to Differentiate a Global TMS

TMC

What does a global transportation management system (TMS) look like? As a wider range of shippers globalize their logistics networks, TMS solutions capable of managing international freight transportation have become a key part of supply chain management strategies. Global systems afford a panoramic view of an organization’s entire supply chain, from procurement to drill-down details on every shipment worldwide. How to Differentiate a Globe-Spanning TMS.Connect.