How Sourcing has Reemerged in a Covid-19 World

Jaggaer

For the first three months after Covid-19 hit, virtually every sourcing project , in every sector , was put on hold while companies tried to assess the situation and how best to deal with the epidemic. Diversify Your Sourcing Needs. COVID-19 Sourcing

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. Strategic sourcing requires an intense focus on the total cost of ownership, while incorporating customer needs, organizational goals, and market conditions. Done well, strategic sourcing creates measurable and sustainable shareholder value by contributing to top line growth and bottom line profitability.

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Enabling Innovation Groups To Sell More Effectively to Operations Leaders

ThroughPut

We do it throughout entire industries, enabling leaders to smooth-out their Supply Chains, lean-out their Logistics, optimize their Operations, and maximize their Manufacturing throughput, all with their existing teams and often disaggregated data sources. Whether it is access to data, maneuvering around competing innovation objectives, tracking down actual factory-floor operators, or involving oft-neglected procurement groups, there are internal bottlenecks everywhere.

2019 Transportation Industry Trends

GTG Technology Group

6 Transportation Industry Trends to Look for in 2019. New opportunities in the transportation industry are thriving. Transportation professionals seeking to stay on top of trends in the industry look to implementing these trends. Natural disasters in the United States over the last few years that have impacted the country’s transportation infrastructure , from hurricanes and floods to snowstorms. Disruption of Transportation Industry. Sources: [link].

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

Intra-company and intercompany, across the supply chain and across the globe, from the operator level to the management suite, information on all aspects of production, manufacturing, sourcing, and distribution is increasingly visible and accessible at all levels, so that appropriate decisions can be made and applied. Gaining end-to-end visibility across your transportation processes delivers: $32.00

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. A strategic approach to obtaining what you need to keep your business and products moving—whether you’re sourcing raw materials, manufactured accessories, or transportation capacity—can help avoid unforeseen disruptions and create a competitive advantage in today’s changing market.

4 Challenges in Global Transportation Management

3rdwave

There are 4 fundamental areas where global transportation is challenged. Three of these challenges are variants on traditional transportation challenges and the last is relatively new but growing in importance. Transportation Cost Management. However, where transportation management traditionally focused on the basics of moving “boxes” or “packages”, today it is much more strategic. Transportation information is foundational to managing any global supply chain.

What’s Driving the Increase in Transportation Management Technology Spend?

Talking Logistics

DC Velocity and Descartes have conducted a transportation benchmark study for the last two years to help transportation professionals understand what is driving the market, and how the strategy and tactics of top performers differ from the rest of the pack. This year’s study again showed that IT spend in transportation management is expected to increase. Figure 1: Transportation IT Spend Change Next 2 Years (Source: Descartes).

Why Logistics and Transportation Should Digitize

3rdwave

Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. 5 Reasons Logistics and Transportation Should Digitize. Most Logistics group are built around these discrete activities, but in practice, all these activities are part of a holistic process.

Taking the “Ouch” Out of Transportation Costs

Talking Logistics

And this global trip isn’t just for sightseeing – leading companies find that a diversified sourcing base and far-flung manufacturing can help cut production costs, increasing the bottom line. However, the biggest pain point for these global supply chains is the one that seems inescapable – transportation costs. Pain Points Increasing Transportation Costs. Here are just a few pain points that are increasing transportation costs: Container shipping headaches.

Cyberattacks: The Ever-Present Threat to Transportation Management Software

Road to VR

Cyberattacks a Transportation Management Software Suite Might Face. Transportation companies have a history of defending themselves against physical attacks. Transportation management software must be designed to withstand this kind of attack, an ever-changing, ever-present threat that forces companies to keep their software updated and protected. Transportation disruptions affect security, the economy, and public health. Sources: [link].

What 2017 Reveals for Transportation Management Software in 2018

GTG Technology Group

Top Trends in Transportation Management Software Development. Those that do will transform into innovative companies that offer customers the best in transportation service. Less than a decade ago, most transportation companies expected to be able to continue operating the way they always had. However, with the arrival of transportation management software (TMS), businesses that quickly embraced change started to edge out competition. Sources: [link].

Four Reasons Why You Should Be Using Transportation Management Software

GTG Technology Group

Adopt Transportation Management Software Today. Transporting goods seems straightforward, but to the experienced professional, it’s a complicated balance of success, unforeseen circumstances, and problem management. Keeping track of the entire system requires a small army, unless a company installs transportation management software (TMS). Here are the top benefits of adopting the latest transportation management software. Sources: [link].

Transportation Education: Gaining Confidence with Social Media

The Logistics of Logistics

Transportation industry confidence and being new to transportation is almost an oxymoron at first. Two months ago I had gone from being an Assistant Athletic Director/Strength Coach to a sales rep in the transportation world. For those of you who are just starting out in transportation or for those who remember, this industry can be very overwhelming. It takes time to understand how the transportation regulations we have today came about.

Five Benefits of Upgrading Your Transportation Management Software

GTG Technology Group

Delaying Upgrades Is Holding Back Your Transportation Company. That future is within your grasp if you keep your transportation management software upgraded to take advantage of innovations. Learn how updated transportation management systems (TMS) make your company goals attainable. Many supply chain and transportation management problems begin at the warehouse. Sources: [link].

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

One area where significant waste exists is transportation management. Simply put, many oil and gas companies manage their transportation operations in a highly decentralized and fragmented manner with little or no technology. Source: “The Future of Natural Gas: An Interdisciplinary MIT Study,” [link]. If there’s a positive to the current market downturn in the oil and gas industry is that it’s serving as a catalyst for change and innovation in transportation management.

Hub Group acquires Exel Transportation Services

Supply Chain Network

Hub Group, Inc. NASDAQ: HUBG), one of the nation’s leading freight transportation management companies, announced today that it purchased Exel Transportation Services (ETS) for $83 million before post closing adjustments. ETS is now a wholly-owned subsidiary of Hub Group, operating independently under the name Mode Transportation. We are looking forward to working with the Mode Transportation team to continue its growth and expansion in the years to come.”

6 Costly Transportation Management Software Mistakes Technology Can Correct

GTG Technology Group

The result has been a push toward high-tech Transportation Management Software (TMS) and cloud-based IT. Human error accounts for a large amount of loss in transportation. A major challenge in transportation is ensuring that freight is always packed and shipped in the most efficient way. From data entry errors to poorly tracked freight, there are a number of common mistakes in the transportation management industry. Sources: [link].

Why Do Transportation Budgets Fail?

CH Robinson Transportfolio

Why do transportation budgets fail? It’s a thorny topic, even for transportation professionals trying to trace an increase back to its source. Imagine what it’s like for senior executives who have no background in transportation as they try to understand it. At a CSCMP conference session, participants offered case after case of how business decisions—both unintentional and intentional—can wreak havoc on transportation spend.

Why Logistics and Transportation Should Digitize

3rdwave

Digitization is suddenly so important because the current technology supports the capturing of phenomenal amounts of raw data from an unlimited number of sources and the converting of that data into meaningful, contextual, and actionable information – quickly and at low cost. 5 Reasons Logistics and Transportation Should Digitize. Most Logistics group are built around these discrete activities, but in practice, all these activities are part of a holistic process.

Looking For a Job? Here’s The Top 10 Transportation Jobs

Cerasis

Editor's Note: Today's blog comes from our friend Michael Stoddard who shares the top 10 transportation jobs in the industry. If you happen to find yourself searching for careers in logistics, transportation and supply chains, you'll be happy to know that there's no shortage of positions. Getting into transportation is a different topic entirely, one that demands a separate, more intricate look. Transportation Manager. Transportation Director. Transportation

As Fuel Prices Rise, Here's How Supply Chains Can Cut Transportation Costs

Elementum

Transportation can be a significant part of a business’ logistics costs— potentially upwards of 55 percent. Fuel price is driven primarily by five factors: demand, refinery maintenance costs, transportation constraints, crude oil prices, and geopolitical disruptions. In an attempt to reduce the length of transportation for products in the supply chain, several industries have taken to nearshoring. Lean Transportation Policies.

This Week in Logistics News (July 13-17, 2015)

Talking Logistics

Now, this week’s supply chain and logistics news, which was dominated by transportation-related items: Are Imports Moving to the East Coast? Robinson and the Boston Consulting Group published a research report on the potential impact the Panama Canal expansion could have on logistics strategies and operations (watch my conversation with two of the authors in a recent episode of Talking Logistics ). And here’s a chart they included in the post: Source: [link].

Boston 164

Transport and Transportation: Do They Mean the Same Thing?

Logistics Bureau

What is Transportation? Well, I asked John Cole one of our transport experts, exactly that question, and a few others related to transport! How Would you Define “Transport” and Transportation? As an example, one location might be the place where you source raw materials or where you source goods from a manufacturing facility. Check out our Related Transportation Pages Below: Freight Consultants. Transport Consultant Speaks Optimisation.

As Fuel Prices Rise, Here's How Supply Chains Can Cut Transportation Costs

Elementum

Transportation can be a significant part of a business’ logistics costs— potentially upwards of 55 percent. Fuel price is driven primarily by five factors: demand, refinery maintenance costs, transportation constraints, crude oil prices, and geopolitical disruptions. In an attempt to reduce the length of transportation for products in the supply chain, several industries have taken to nearshoring. Lean Transportation Policies.

Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

The key difference between the two can perhaps be explained in the following example: A 3PL provider working with a paint manufacturer may package and store products as well as transport them to retailers and/or customers. Transport.

Transportation Spot Market Inversion

Talking Logistics

The great transportation spot market inversion has occurred. Those are some of the questions I discussed with Andrew Lockwood, Senior Manager of Analytics and Solution Design at Kenco Group , in a recent episode of Talking Logistics. Then in January, for the first time since I’ve been in the transportation business, those rates actually inverted. The Great Transportation Spot Market Inversion of 2018 (Source: DAT, Kenco Group).

Modern Transportation Management Software Demands Carrier Connectivity

GTG Technology Group

Anyone in the shipping and transportation industry recognizes the importance of carriers. With increasingly complicated logistical and resource issues arising, Transportation Management Software (TMS) must remain at the forefront of technology to stay afloat. Cloud-based TMS systems are taking transportation into the future. Sources: [link]. The post Modern Transportation Management Software Demands Carrier Connectivity appeared first on GTG Technology Group.

Do You Have a Proactive Supply Chain Design or a Reactive One?

Talking Logistics

While the Greenfield optimization approach doesn’t consider aspects like building capacities, inbound costs, transportation, or sourcing policies, it does offer a smart recommendation for the optimal amount and placement of your distribution centers. Eric Robinson is a Senior Project Engineers at Kenco Group. 3PL Guest Commentary Guest Commentary - Kenco Group Supply Chain Risk Management Kenco Group supply chain design

This Week in Logistics News (January 28 – February 1, 2019)

Talking Logistics

Robinson Reports 2018 Fourth Quarter and Full-Year Results TPG Capital to sell Transporeon Group to Hg BluJay Hires Andrew Kirkwood as Chief Executive Officer Tool Company Claims IPS Worldwide ‘Misappropriated’ Millions (WSJ – sub. req’d) How Blockchain Could Benefit Levi’s Worker Well-Being Initiative (Sourcing Journal) Companies Plan for Tariffs, More Paperwork in Case of ‘No-Deal’ Brexit (WSJ – sub. Uber Freight: Transportation Facility Brand Managers.

6 Transportation Management Trends for 2016

Cerasis

2016 will be a defining year for the logistics industry , and transportation management practices must adapt to these changes. Some of these transportation management trends reflect real worries for the logistics industry. However, logistics providers and shippers are starting to understand how to best combat each of these problems through the application of transportation management technologies. Transportation Management Trends transportation management trends

This Week in Logistics News (December 5-9, 2016)

Talking Logistics

The sky and what’s beyond, an endless source of creativity and imagination for kids and adults alike. The Colorado Transportation Department and infrastructure developer Aecom Inc. Finally, in technology news, Descartes Systems Group and MyWebGrocer (MWG) announced that they have launched “a combined solution that helps grocery retailers support the customer ecommerce experience from online purchase through home delivery.”

Addressing Labor Shortages in Warehouse and DC Operations

NC State SCRC

A group of executive joined SCRC faculty and staff for a one-day workshop held on February 28, 2019. The shortage of workers is causing companies to look at non-traditional sources, including individual with a criminal record. It removes age restrictions on interstate transportation by licensed commercial drivers and strengthens safety-training standards across the industry.

DC 40

This Week in Logistics News (September 3-7, 2018)

Talking Logistics

Here I am doing my standard Talking Logistics intro through one of my favorite filters: How awesome would it be to discuss blockchain or the capacity crunch in transportation using this filter for an entire episode? Lanehub Adds Backhaul Assist to Collaborative Transportation Network. Spark Delivery: Walmart’s Crowd-Sourced Delivery Platform. I joined Snapchat this week.

This Week in Logistics News (April 3-7, 2017)

Talking Logistics

It didn’t take long for the recently rebranded BluJay Solutions to make its first acquisition: Blackbay , “a leading provider of mobility-enabled solutions for the transport and logistics industry.” Mobile technologies in transportation and logistics have come a long way over the past decade — that is, since the iPhone was first introduced, followed by Android devices. My garage door is crumpled. How did it happen? Rapid temperature cycling due to crazy Boston weather.

Ohio 69