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

Subscribe to 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. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements.

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Dealing With The Supply Chain Gloppy Mess

Supply Chain Shaman

For the first in seven years, I was not heads-down preparing for The Supply Chain Insights Global Summit. Pre-pandemic only 30% of supply chain leaders were satisfied with their supply chains, and during the pandemic, business leader satisfaction is falling precipitously.

Top 6 Predictions for Supply Chain Planning in 2021 and Beyond

ToolsGroup

Over the year, COVID-19 introduced even greater complexity into the already difficult work of supply chain planning–and changed supply chain from a practitioner-focused topic to everyday dinner table conversation. Digital supply chain transformation will accelerate.

Wanted: Supply Chain Architects!

Supply Chain Shaman

Manufacturing is the foundation of my interest in supply chain management. Supply Chain and Design. This was the beginning of my journey from manufacturing to understanding larger supply chain concepts. Much to my chagrin, when I entered into the world of supply chain, the processes of source, make and deliver were usually not designed. Figure 1: Definition of the Supply Chain Organization.

Local Sourcing, Global Supply Chain

BluJay Solutions

The recent announcement by Google-owned Motorola Mobility that all new Moto X smartphones sold in the US will be manufactured in Texas, highlights the continued importance of the global supply chain and role of freight forwarders and logistics services providers (LSPs) in successful local sourcing strategies. The post Local Sourcing, Global Supply Chain appeared first on Kewill Corporate.

The Value of Optimized Container Management in Complex Automotive Supply Chains

DELMIA Quintiq

Today’s supply chains are becoming more complex and dynamic. Before planners make decisions that will have an impact across the value chain, they need to consider a number of possibilities such as having multiple exchange ratios of specific components when managing container returns. Not having the right container in the right place at the right time can jeopardize entire automotive supply chains, resulting in costly production downtimes.

The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. One of the often missing links, however, in supply chain visibility, is transportation management.

Ultimate COVID-19 Supply Chain Resource Roundup

Freightos

As COVID-19 spreads and nations across the globe take measures to contain it, the impacts to the supply chain have been dramatic, fast-changing, and many. While we stay on top of all the rapid changes, we’ve also come across a lot of great online resources covering the coronavirus’ impact across the world from many different perspectives particularly COVID-19’s supply chain impact. Our Favorite Coronavirus Supply Chain Resources.

Digital Twinning of Supply Chains!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Digital Supply Chain Road is Full of Potholes, Construction and Accidents! This Digital Twinning of Supply Chains article focuses on transformative ideation of transport & logistics value chains.

Strong Supply Chains Required For an Economic Rebound: Six Steps To Take

Supply Chain Shaman

My last post on the Supply Chain Shaman blog was forty-five days ago. My first focus was on China sourcing. Then it was the redefinition of the supply chain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. I firmly believe that the rebound of the economy requires strong supply chains, but to make this happen, we need to turn our backs on historic practices and innovate new ways of working.

Reconfiguring the Automotive Post Pandemic Supply Chain

Logistics Trends and Insights

In addition, with 80% of global car production requiring parts from China, the shutdown made it difficult for global vehicle makers within China and elsewhere around the world to source parts required for building cars. The factories are closed in these regions and elsewhere around the world because of a combination of restrictions aimed at containing the virus, drops in vehicle demand, and issues with component supply.

Agile Supply Chain VS Efficient Supply Chain

DynaSys

This is true for everyone, and supply chains are no exception. An agile supply chain requires the ability to rapidly identify, evaluate and execute alternative supply chains scenarios. Supply chain experts have traditionally focused on efficiency and consequently pursued the lowest unit cost dream. Agile supply chains exist almost as the antithesis of efficient supply chains. FROM EFFICIENCY TO AGILITY.

Regional Carriers Are Great Source for Owner Operator Trucking Jobs

Kane is Able

Some may choose to hunt profitable freight on load boards, while others align with carriers to provide dedicated capacity. In recent months, Kane Freight Lines has had an increasing number of inquiries from drivers seeking owner-operator trucking jobs. Two-way freight would help, but that’s nearly impossible to find in the spot market. Supply Chain Challenges Freight Transportation Truck DriversOwner-operators are freedom-loving entrepreneurs.

Amazon supply chain management pushes retail to the limit

Kinaxis

When it comes to supply chain excellence, particularly in the retail sector, there is one behemoth dominating the landscape: Amazon. Amazon supply chain management is driving innovation and change at a pace that’s putting the pressure on other businesses to find a way to keep up, or fold. That means fostering supply chain capabilities focused on just such an outcome. Your supply chain needs to respond and course correct as fast as possible.

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How to Make Supply Chain Complexity Work to Your Advantage

ToolsGroup

With supply chain complexity increasing at an unprecedented rate, perhaps the biggest challenge for businesses is figuring out how to navigate this uncertainty to deliver service profitably. So what’s the secret of making supply chain uncertainty work for you? This invariably leads to extra freight costs and excess and obsolete inventory that either needs to be written off or sold at a heavy discount. Blog Inventory Optimization Supply Chain Planning Featured

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Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business. Integrating Blockchain within the Supply Chain could change that. When we are asked about “killer” use cases for blockchain within enterprise systems, Supply Chain is the usual suspect — and for good reason.

How Can Advanced Sourcing Help Your Business?

EC Sourcing Group

There are many terms when it comes to all levels of procurement management, which is a smaller part of the overall supply chain. Sourcing isn’t always a simple process, and any tool that makes it simpler is a welcome addition. Advanced Sourcing Optimizers : What Is Optimization?

How COVID-19 Has Affected U.S. Trucking Rates—Will it Last?

CHAINalytics

But what about freight transportation rates? Blog Feature Supply Chain Consulting Transportation COVID-19 covid19 Freight Market intelligence Freight Rates Transportation Procurement transportation sourcing truckload freight Truckload procurement

Global 101

What Are Supply Chain Predictive Analytics?

Intelligent Audit

There is a lot of talk within the supply chain industry regarding the value supply chain predictive analytics. This is because data collection and analysis prepare freight managers for the highs and lows the industry will likely face in the new year.

Blockchain & Supply Chain Visibility: Will Blockchain Finally Eliminate Supply Chain Black Swans?

Cerasis

Supply chain risk is at the forefront of supply chain executives’ minds. Proper risk management can help supply chains navigate the complexities of post-hurricane recovery and increase productivity. Unfortunately, not all supply chain leaders take the time to consider what may happen and how it will adversely affect productivity and the flow of products. Supply chain black swans occur without warning, and recovery can last months.

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

Casey and Paul Vigna – that opened my eyes to bitcoin’s true potential: as a new operating system for supply chain networks. The WSJ article and other sources, such as this Khan Academy video series , explain how bitcoin works, so I won’t go into it here. Source: [link]. A supply chain blockchain application, therefore, could be used to record the balances and transfers of inventory across a distributed supply chain network.

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The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight is unique. Freight sourcing is as unique and complex as the transportation industry itself.

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. Interrupted supply chains can mean costly delays and unsatisfied customers. So just how strategic are you when it comes to sourcing transportation capacity? Do you know which carriers handle the majority of your freight? Business Innovation Supply Chain Consulting Global Supply Chain Procurement Sourcing

Supply Chain and Logistics Predictions for 2016

Talking Logistics

For example, 3PLs and software vendors did pay more attention to serving the needs of small and mid-sized businesses (SMBs) and companies in the Energy and Process Industries (see TMS for SMB: Breaking Down the Barriers , Oil & Gas Companies Focus on Eliminating Supply Chain Waste , and Collaboration and Optimization in the Oil & Gas Industry ). Making supply chain and logistics predictions is like throwing darts at a moving target.

The Coronavirus Is Shattering Traditional Supply Chains

ivalua

A March 11 analysis by trading platform Forex.com claimed that nearly 75% of all companies had already reported supply-chain disruptions, with more than 80% believing that at some point they would experience impacts as a result of COVID-19 disruptions. And even if an order from an overseas supplier were to be filled, delivery issues would be compounded by the declining number of air and ocean freight options to move products into the U.S. Supply Chain

Reverse Supply Chains: Best Practices for Better Asset Recovery

Cerasis

Recovering your assets is a difficult task no matter what your occupation with reverse supply chains in the marketplace. As businesses often have a surplus of goods to dispose of or recover, such as core returns, we’ve compiled some excellent tips for your company so the process of handling goods not only stretches further… but enhances your chain value as well. Effective Reverse Supply Chains. Reverse Logistics Supply Chain reverse supply chains

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

The Logistics & Supply Chain Management Society

“Managing supply chain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supply chain management is a rapidly evolving field.

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Responsible Sourcing! Making Sustainability Happen for Real!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. The Green Supply Chain: True Sustainability or Just One Big Marketing Stunt? Sustainability is created at the source of our products, services, and consumption. Sustainability is created from Responsible Sourcing. How can you make Responsible Sourcing a Reality? If you can excite the people around you about sourcing responsibly, chances are you’ll be able to formulate a network of internal champions.

Lead Generation for Supply Chain: 5 Ways to Get Prospects!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Interested in finding a dependable source of warm and high-quality leads to fuel your sales pipeline? Lead generation is a pivotal process for business growth in any industry, including supply chain and logistics.

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

Cerasis

We kick off today a month-long focus on trends in the following categories: Manufacturing, Manufacturing Technology, Supply Chain, Logistics, and Transportation Management. 2016 Supply Chain Trends: The First 7 of 12. Today we will begin our two part series covering the 2016 supply chain trends we expect to see come to fruition in the next year. What 2016 Supply Chain Trends to you expect to see? But, Wait.What is the Digital Supply Chain?

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Blockchain and Supply Chain Analytics: Impact of Small to Large Supply Chains

Cerasis

The value of blockchain and supply chain Analytics is Undisputed, and the capabilities of blockchain Technology are starting to become available two small and midsize businesses, as well as large corporations, such as Walmart. Blockchain Appears Beyond the Reach of Small Supply Chains Blockchain technology is often associated with large corporations, but it holds value when applied to small and midsize businesses as well. Blockchain Data Supply Chain Technology

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

With visibility as the key driver for an effective supply chain improvement strategy, businesses today must rely on building collaborative relationships in their extended supply chains to gain visibility from end-to-end. And as supply chains continue to grow, diversify and become increasingly global, total insight, oversight and foresight will become increasingly critical. Freight Cost Management eliminates post-audits and disputes.

Supply Chain Scams and Fraud!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. 3 Most Common Freight Forwarding Scams (and How to Avoid Them)! One of our most popular articles is Freight Forwarding scams. So let’s discuss Supply Chain scams and fraud. Source: bestbusinesscircle.com.

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Keeping It Local: How Shorter Supply Chains Impact Supply Chain Planning

ToolsGroup

After decades of longer and more global supply chains, some are becoming shorter and more localized. This trend has important implications to supply chain planning. Contracting Supply Chains. . A recent special report by The Economist says that while most people assume that shrinking supply chains are caused by political factors such as tariffs, in fact there are deeper long-term trends at play.