Supply Chain Brief

The Approach to Effective Freight Procurement

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The core of the Freight Procurement Stage is the creation of a comprehensive Request for Proposal (RFP) or Request for Quotation (RFQ) document. The RFP or RFQ serves as a formal invitation to potential service providers, detailing the shipper’s requirements and soliciting competitive bids.

Optimal Sourcing

Optimal Sourcing Procurement Sourcing Strategies Freight

5 Tips to Leverage Digital Tools to Deliver Tangible Sustainability Improvements

ivalua

JULY 13, 2022

For example, if a buyer asks a supplier via an RFP questionnaire what their product carbon footprint is, advanced procurement technology can compare this carbon footprint to other suppliers, weigh it against the cost and delivery of the item (if it’s local or not), and show what level of risk is associated with the supplier.

Procurement Solutions

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Golf and How to Avoid Shanking Your Next WMS Project

Logistics Viewpoints

APRIL 27, 2021

Understand that it’s a collective effort and harmonize your project to ensure a good RFP of your wants and needs before you schedule any solution demos. Go for the Green. You may be able to accommodate a need by changing a rack arrangement or rerouting an area in your warehouse. Understand the Course.

Supply Chain Planning Software

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Leveraging Your Bargaining Power in Logistics Service Provider Negotiations

The Logistics & Supply Chain Management Society

MAY 15, 2023

Shipment size, weight, location, frequency, peaks and troughs and seasonality, temperature control or hazardous material handling requirements (if applicable) are just some of the relevant information to include in an RFI, RFP or RFQ. What More Can be Done?

Negotiating Skills

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5 Reasons How RFPs Help in Selecting the Right Logistics Technology Platform For Your Enterprise-Level Business

Locus

APRIL 26, 2024

Enter the Request for Proposal (RFP): a strategic tool that goes beyond mere vendor selection. Here’s how the RFPs can provide organizations with wide choices and possibility of quality partners for enabling digital transformation: 1. How to resolve this conundrum? How important is customization of the solution?

Logistics Network Optimization Software

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The 10 Procurement Metrics that Matter in 2021

Unleashed

MARCH 9, 2021

Determine the portion of spend is put out via a request for proposal (RFP). RFP documents are an essential part of the procurement process for companies interested in the procurement of a product or service. Understanding competitive spend and the RFP processes are importing to determine goals and how to measure the project’s success.

Procurement Analytics

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Watch: Securing the Right Carrier Contract

Supply Chain Brain

DECEMBER 8, 2022

How should shippers approach the process of issuing a request for proposal (RFP) for carrier services? Advice from Tim Meester, vice president of business development for the central region of Green Mountain Technology.

Security

When Variability Is Our Only Constant

Supply Chain Shaman

MARCH 21, 2022

” Corporations serve international markets, and the source of rare minerals (so critical for the evolution of the green supply chain) is primarily Asia. Last week, we launched a Reverse RFP to allow manufacturers the opportunity to participate. Some stated that the war marks the end of the global supply chain.

Modeling

Modeling Supply Chain Planning Software Supply and Demand Supply Chain Design Software

Procure-to-Pay vs. Intake-to-Pay: What You Need to Know

Precoro

OCTOBER 2, 2023

Sending RFP/RFQ Once the approver gives the green light to the PR, the requester or a procurement manager issues a request for proposal (RFP) or request for quote (RFQ) to potential suppliers. RFPs can be sent directly to suppliers, who will receive an invitation email with a web link via which they can submit their proposals.

Procurement Solutions

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What Big Shippers Need from Their 3PL with Andy Nitz

The Logistics of Logistics

NOVEMBER 17, 2020

Andy attended Bowling Green State University and graduated with a double major in Marketing and International Business while playing on the football team. RFP stands for request for partnership, not just request for pricing. Andy started his career in logistics and distribution leadership first at Macy’s and then at Toys R Us.

3PL

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How Shippers And Logistics Providers Can Keep The Relationship Fresh

Talking Logistics

JULY 14, 2015

The shipper has an immediate need, which leads to a Request for Proposal (RFP) or Request for Quote (RFQ) process then ultimately selects a third-party logistics (3PL) supplier to execute on that need. The relationship between a shipper and a logistics provider often starts as a transactional process.

Logistics Network Optimization Software

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Do You Have a Large Small-Package/ Parcel Spend? Why a Small Package Outside Negotiator Will Help You Save Big Bucks.

GlobalTranz

JULY 14, 2016

During the negotiation process, the outside negotiator will work to create comprehensive requests for proposal ( RFPs ), which contain all of the details of your needed service levels, for each carrier. Emphasize the Benefits of Your Business. Analysis of Proposals of All Carriers to Determine Impact and Manage Appeals.

Negotiating Skills

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Why should you do planogram optimization at store level

RELEX Solutions

OCTOBER 12, 2016

The South bound store conforms closely to the national average across the chain with good stock levels (blue) predominating and a few overstocks (green). The North bound store is understocked (red) in several areas. Sales benefits of store-level planograms. Store-level optimized planograms increase sales and sales margin.

Optimization Software

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