Expert insights. Personalized for you.
Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy. MORE
Regional supply chain companies are attempting to define global requirements. They are well versed in requirements for regional supply chain planning, but they are attempting to redefine their processes and be more global. Initially companies believe regional planning systems easily adapt to become global, but they quickly learn otherwise and hit roadblocks. This allows shared services of procurement and transportation to function smoothly to achieve the economies of scale. MORE
Procurement must never be an afterthought in any enterprise. 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. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn. MORE
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. What major challenges have you experienced due to the current global volatility? MORE
Brian Reed, VP Global Supply Chain Optimization at GEODIS, discusses procurement in the digital age. Podcast version (click to play): The post [Video] Procurement in the Digital Age appeared first on Talking Logistics with Adrian Gonzalez. Brian Reed, VP Global Supply Chain Optimization at GEODIS, discusses procurement in the digital age. MORE
But even if containment has the desired effect, what are the wider consequences of shutting down schools, shopping centers, factories, transportation and supply networks? Corona v irus could wreck the global auto industry.’. Procurement professionals around the world are sitting up and paying attention, especially in sectors with globally integrated supply chains. Coronavirus could wreck the global auto industry.” . MORE
These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7. MORE
Atlanta, GA (June 25, 2019) — Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, has included a global logistics procurement program created and implemented by Chainalytics in the 2019 SCDE 100, an annual list of great supply chain projects. MORE
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! The Importance of Indirect Procurement! Indirect Procurement is referred to by many different names. It might be called Non-Production Procurement or MRO for instance. MORE
Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. We believe many practices in global supply chain management can be applied in every industry. MORE
As companies expand globally through mergers or organic growth, many are faced with the decision of whether or not to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. To obtain the most effective results, best practice requires adaptations to truckload procurement strategies. Truckload Procurement. But for starters, here are a few highlights to consider as you think about your procurement strategies. MORE
Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. Transport optimization typically reduces spend by 5-15%. MORE
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. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself. MORE
The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement? MORE
What are the key elements of a sourcing and procurement process plan? Creating a sourcing and procurement plan. Three essential steps to creating a sourcing and procurement plan. The typical sourcing and procurement process plan involves a series of steps. In this step, the user (internal customer) identifies the need and communicates the service or product requirements to the procurement services function. Service requirements may include: Transport services. MORE
What does a global transportation management system (TMS) look like? TMS technology that supports the global marketplace has certain attributes that distinguish it from domestic-oriented systems. 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. How to Differentiate a Globe-Spanning TMS.Connect. MORE
According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. Managing a global logistic network is one of the toughest tasks in the supply chain. ‘Keep on trucking’ has a new meaning. MORE
There are many reasons a company might be in the market for a transportation management system (TMS). Often at the top of the list is the need for streamlined shipping processes and visibility to all transportation activities in one technology platform. Procuring a TMS starts with an investigative process. Have a centralized corporate procurement function in place to build consistency, structure, and common practices. Procuring a TMS suite is not a trivial exercise. MORE
But when PwC asked CEOs in a recent survey ( Global Retail and Consumer Goods CEO Survey: The Omni-Channel Fulfillment Imperative ) what areas most needed their additional attention to achieve omni-channel fulfillment, 88 percent said it is their transportation and logistics operations. Transportation is an Afterthought. Even more surprising, 31 percent have no transportation optimization capabilities, or use only faxes and phone calls for this purpose. MORE
When considering your global transportation network, do you have the infrastructure needed to effectively and efficiently optimize it? Does the same apply in the global arena? Will you need to procure equipment and bookings using forecasts, then re-plan again with the actual orders? The optimization software you choose is critical for global optimization. Jim parlayed this unique experience into a successful career implementing transportation management. MORE
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. What Is Procurement Management? MORE
The relationship between sales and procurement has always been a contentious one, and the idea of a friendship evolving between the two functions is laughable in the minds of many managers I’ve met with. Sales account managers accuse procurement of being purely price focused, and not recognizing the components of value. This situation does not always accrue – as there are cases where harmonious partnerships exist between sales and procurement. MORE
Atlanta, GA (March 16, 2020) – Chainalytics, a global leader in supply chain consulting, analytics and market intelligence, announced today that Bryan Wyatt has been recognized by Supply & Demand Chain Executive magazine as a 2020 Provider Pro to Know, an annual listing of top supply chain professionals. MORE
Thanks to the global pandemic, forecasting fresh food demands has gotten infinitely more difficult. Understanding today’s transportation market. Transportation capacity, namely truckload, is highly fragmented. Changing transportation strategies. MORE
This is especially true when outsourcing transportation management, as transportation can include a large part of your overall supply chain and business costs. Consider the many shippers who have outsourced transportation management and other logistics functions to third-party logistics (3PL) providers the past few years. The slowest demand for 3pl services will be in outsourcing transportation management, Armstrong stated. MORE
Today begins our series about electronic data interchange or EDI in transportation. We take pride at Cerasis, as a third party logistics company who has developed a proprietary web-based transportation management system , to offer technology solutions to our shippers so they may remain as efficient as possible and have access to information at their fingertips. Let’s back up a bit before we specifically address EDI in transportation. EDI In Transportation. MORE
The post John Cockerill selects Ivalua spend management to digitize all procurement processes and cover all spend in one single system appeared first on Ivalua MORE
Every year at Chainalytics, our global transportation practice supports anywhere from 30 to 50 transportation procurement events – depending on the state of the freight market. While much of our time is spent on the execution of the actual bid event, we’ve come to realize that the pre-bid work is what really has the most … The post Transport Procurement: 5 Tips to Make Your Next Tender a Success appeared first on Chainalytics. MORE
This complexity is certainly evident in global logistics and ocean shipping, where shippers encounter many barriers to enabling a streamlined process, including: Inefficient Processes : A lot of shippers resort to manual processes to procure capacity and communicate shipment details with the many parties involved in ocean movements. A Global TMS must have the functionality to help shippers improve productivity and reduce the bottom line. MORE
Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Understanding the top 10 global supply chain risks can work to reduce their impact. on a scale of 1-10 regarding its concern for the impact on global trade. As explained by Lucy Dixon of Supply Chain Digital , economic instability represents another threat to global trade. Impact on the environment makes up another critical risk in global trade. MORE
There are many reasons a company might be in the market for a transportation management system (TMS). Often at the top of the list is the need for streamlined shipping processes and visibility to all transportation activities in one technology platform. Procuring a TMS starts with an investigative process. Have a centralized corporate procurement function in place to build consistency, structure, and common practices. Procuring a TMS suite is not a trivial exercise. MORE
Atlanta, GA (April 22, 2019) — Chainalytics, a recognized global leader in supply chain consulting, analytics, and market intelligence, is excited to be named a 2019 Provider to Watch by Spend Matters. “We’re 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. MORE
As companies expand globally through mergers or organic growth, many are faced with the decision whether to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. To obtain the most effective results, best practice requires adaptations to truckload procurement strategies. In this post, I’ll shed some light on the chief differences between Europe’s truckload procurement practices and those in the United States—and why it matters. MORE
For the last couple of decades transportation management systems (TMS) have revolutionized supply chains, helping companies streamline their logistics processes, achieve greater visibility into their operations and save significant dollars on transportation. So allow me to play “Mythbusters” and shatter some of these long-held stereotypes about global TMS implementations. . Myth #2 – TMS providers don’t offer a truly global solution. MORE
In my previous article on the evolution of transportation management, Driving Value from a Transportation Management Center: Think Global, Act Local , I discussed how transportation best practices were evolving from more rigid, centralized control towers to more flexible and collaborative Transportation Management Centers (TMC). To answer these questions, shippers must examine both global process issues and the application of technology. MORE
But what about freight transportation rates? How has the global pandemic impacted the trucking market? It almost goes without saying: A lot has changed as a result of COVID-19. And what can shippers expect for the rest of 2020? MORE
CHAINalytics
JUNE 24, 2019
Atlanta, GA (June 25, 2019) — Supply & Demand Chain Executive, the executive’s user manual for successful supply and demand chain transformation, has included a global logistics procurement program created and implemented by Chainalytics in the 2019 SCDE 100, an annual list of great supply chain projects.
CHAINalytics
APRIL 21, 2019
Atlanta, GA (April 22, 2019) — Chainalytics, a recognized global leader in supply chain consulting, analytics, and market intelligence, is excited to be named a 2019 Provider to Watch by Spend Matters. “We’re 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.
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Cerasis
SEPTEMBER 22, 2016
The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. So, why do supply chain managers not take advantage of this data with respect to procurement?
Supply Chain Game Changer
SEPTEMBER 9, 2020
Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy.
CHAINalytics
MARCH 16, 2020
Atlanta, GA (March 16, 2020) – Chainalytics, a global leader in supply chain consulting, analytics and market intelligence, announced today that Bryan Wyatt has been recognized by Supply & Demand Chain Executive magazine as a 2020 Provider Pro to Know, an annual listing of top supply chain professionals.
Talking Logistics
JANUARY 8, 2015
Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. Transport optimization typically reduces spend by 5-15%.
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Supply Chain Shaman
NOVEMBER 6, 2016
Regional supply chain companies are attempting to define global requirements. They are well versed in requirements for regional supply chain planning, but they are attempting to redefine their processes and be more global. Initially companies believe regional planning systems easily adapt to become global, but they quickly learn otherwise and hit roadblocks. This allows shared services of procurement and transportation to function smoothly to achieve the economies of scale.
Cerasis
FEBRUARY 27, 2018
Procurement must never be an afterthought in any enterprise. 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. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.
ivalua
SEPTEMBER 15, 2020
The post John Cockerill selects Ivalua spend management to digitize all procurement processes and cover all spend in one single system appeared first on Ivalua
TMC
AUGUST 23, 2017
As companies expand globally through mergers or organic growth, many are faced with the decision whether to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. To obtain the most effective results, best practice requires adaptations to truckload procurement strategies. In this post, I’ll shed some light on the chief differences between Europe’s truckload procurement practices and those in the United States—and why it matters.
TMC
AUGUST 23, 2017
As companies expand globally through mergers or organic growth, many are faced with the decision of whether or not to combine logistics teams and apply a universal truckload procurement strategy across multiple regions. To obtain the most effective results, best practice requires adaptations to truckload procurement strategies. Truckload Procurement. But for starters, here are a few highlights to consider as you think about your procurement strategies.
|
Jaggaer
AUGUST 18, 2020
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. What major challenges have you experienced due to the current global volatility?
CHAINalytics
AUGUST 4, 2020
But what about freight transportation rates? How has the global pandemic impacted the trucking market? It almost goes without saying: A lot has changed as a result of COVID-19. And what can shippers expect for the rest of 2020?
Talking Logistics
FEBRUARY 18, 2016
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. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.
Cerasis
JUNE 19, 2018
These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.
Supply Chain Network
AUGUST 6, 2012
According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. Managing a global logistic network is one of the toughest tasks in the supply chain. ‘Keep on trucking’ has a new meaning.
Cerasis
SEPTEMBER 12, 2016
Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. What Is Procurement Management?
CHAINalytics
OCTOBER 22, 2019
Every year at Chainalytics, our global transportation practice supports anywhere from 30 to 50 transportation procurement events – depending on the state of the freight market. While much of our time is spent on the execution of the actual bid event, we’ve come to realize that the pre-bid work is what really has the most … The post Transport Procurement: 5 Tips to Make Your Next Tender a Success appeared first on Chainalytics.
Cerasis
JULY 29, 2015
This is especially true when outsourcing transportation management, as transportation can include a large part of your overall supply chain and business costs. Consider the many shippers who have outsourced transportation management and other logistics functions to third-party logistics (3PL) providers the past few years. The slowest demand for 3pl services will be in outsourcing transportation management, Armstrong stated.
CH Robinson Transportfolio
AUGUST 26, 2020
Thanks to the global pandemic, forecasting fresh food demands has gotten infinitely more difficult. Understanding today’s transportation market. Transportation capacity, namely truckload, is highly fragmented. Changing transportation strategies.
Talking Logistics
MARCH 3, 2016
This complexity is certainly evident in global logistics and ocean shipping, where shippers encounter many barriers to enabling a streamlined process, including: Inefficient Processes : A lot of shippers resort to manual processes to procure capacity and communicate shipment details with the many parties involved in ocean movements. A Global TMS must have the functionality to help shippers improve productivity and reduce the bottom line.
Talking Logistics
JULY 31, 2014
When considering your global transportation network, do you have the infrastructure needed to effectively and efficiently optimize it? Does the same apply in the global arena? Will you need to procure equipment and bookings using forecasts, then re-plan again with the actual orders? The optimization software you choose is critical for global optimization. Jim parlayed this unique experience into a successful career implementing transportation management.
Cerasis
DECEMBER 11, 2014
Today begins our series about electronic data interchange or EDI in transportation. We take pride at Cerasis, as a third party logistics company who has developed a proprietary web-based transportation management system , to offer technology solutions to our shippers so they may remain as efficient as possible and have access to information at their fingertips. Let’s back up a bit before we specifically address EDI in transportation. EDI In Transportation.
Supply Chain Game Changer
NOVEMBER 6, 2018
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! The Importance of Indirect Procurement! Indirect Procurement is referred to by many different names. It might be called Non-Production Procurement or MRO for instance.
Talking Logistics
JUNE 23, 2015
But when PwC asked CEOs in a recent survey ( Global Retail and Consumer Goods CEO Survey: The Omni-Channel Fulfillment Imperative ) what areas most needed their additional attention to achieve omni-channel fulfillment, 88 percent said it is their transportation and logistics operations. Transportation is an Afterthought. Even more surprising, 31 percent have no transportation optimization capabilities, or use only faxes and phone calls for this purpose.
Talking Logistics
APRIL 26, 2016
For the last couple of decades transportation management systems (TMS) have revolutionized supply chains, helping companies streamline their logistics processes, achieve greater visibility into their operations and save significant dollars on transportation. So allow me to play “Mythbusters” and shatter some of these long-held stereotypes about global TMS implementations. . Myth #2 – TMS providers don’t offer a truly global solution.
TMC
SEPTEMBER 19, 2018
There are many reasons a company might be in the market for a transportation management system (TMS). Often at the top of the list is the need for streamlined shipping processes and visibility to all transportation activities in one technology platform. Procuring a TMS starts with an investigative process. Have a centralized corporate procurement function in place to build consistency, structure, and common practices. Procuring a TMS suite is not a trivial exercise.
TMC
SEPTEMBER 19, 2018
There are many reasons a company might be in the market for a transportation management system (TMS). Often at the top of the list is the need for streamlined shipping processes and visibility to all transportation activities in one technology platform. Procuring a TMS starts with an investigative process. Have a centralized corporate procurement function in place to build consistency, structure, and common practices. Procuring a TMS suite is not a trivial exercise.
Supply Chain Game Changer
FEBRUARY 27, 2019
Risk management strategies of yesteryear are ineffective in the changing landscape, and no type of transport can avoid risks. Understanding the top 10 global supply chain risks can work to reduce their impact. on a scale of 1-10 regarding its concern for the impact on global trade. As explained by Lucy Dixon of Supply Chain Digital , economic instability represents another threat to global trade. Impact on the environment makes up another critical risk in global trade.
Supply Chain Opz
NOVEMBER 9, 2014
Companies of all sizes have been capturing the value from Global Supply Chain to increase the economies of scale and scope for years. Due to the rapid change in global business environment, managers find it difficult to gain the edge over competitors. In this article, we will show you tips from worldwide experts that you can use to streamline your global supply chain operations. We believe many practices in global supply chain management can be applied in every industry.
Jaggaer
FEBRUARY 12, 2020
But even if containment has the desired effect, what are the wider consequences of shutting down schools, shopping centers, factories, transportation and supply networks? Corona v irus could wreck the global auto industry.’. Procurement professionals around the world are sitting up and paying attention, especially in sectors with globally integrated supply chains. Coronavirus could wreck the global auto industry.” .
TMC
JUNE 8, 2016
What does a global transportation management system (TMS) look like? TMS technology that supports the global marketplace has certain attributes that distinguish it from domestic-oriented systems. 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. How to Differentiate a Globe-Spanning TMS.Connect.
Arkieva
JANUARY 13, 2017
What are the key elements of a sourcing and procurement process plan? Creating a sourcing and procurement plan. Three essential steps to creating a sourcing and procurement plan. The typical sourcing and procurement process plan involves a series of steps. In this step, the user (internal customer) identifies the need and communicates the service or product requirements to the procurement services function. Service requirements may include: Transport services.
NC State SCRC
MAY 5, 2017
The relationship between sales and procurement has always been a contentious one, and the idea of a friendship evolving between the two functions is laughable in the minds of many managers I’ve met with. Sales account managers accuse procurement of being purely price focused, and not recognizing the components of value. This situation does not always accrue – as there are cases where harmonious partnerships exist between sales and procurement.
Supply Chain Nation
JUNE 11, 2013
In my previous article on the evolution of transportation management, Driving Value from a Transportation Management Center: Think Global, Act Local , I discussed how transportation best practices were evolving from more rigid, centralized control towers to more flexible and collaborative Transportation Management Centers (TMC). To answer these questions, shippers must examine both global process issues and the application of technology.
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