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 sourcing is as unique and complex as the transportation industry itself.

Is Single Sourcing, or Sole Sourcing, Dead?

Supply Chain Game Changer

Lockdowns have resulted in the temporary closure of Manufacturing and Distribution facilities and discontinuation of Logistics and transportation modes. In many cases the use of single sourcing, or sole sourcing, Procurement strategies has limited the ability for Supply Chains to access alternate sources of supply and more rapidly support higher than normal demand levels. What is Single Sourcing or Sole Sourcing? procurement #purchasing #sourcing.

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Make Freight Sourcing More Efficient!

Supply Chain Game Changer

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. These are the must-haves for any effective freight sourcing team. The shipping industry is fragile in nature.

Midstream Transportation Trends: The Future of Oil and Gas Industry

PLS Logistics

Despite the 2014 oil and gas price drop crisis and the rush around alternative fuel sources, the future of the oil and gas industry remains bright and has a steady pace of growth and increasing demand. More than four billion metric tons of oil and produced every day worldwide, with oilfield companies still generating the […]. Blog midstream oil and gas oil oil and gas oil and gas logistics oil and gas shipping oil and gas supply chain oil prices

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Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing. One is the thought process around best-cost sourcing versus least-cost sourcing.

5 Alternative Fuels that Will Reenergize the Transportation Industry

Kuebix

The transportation industry relies heavily on diesel to help it successfully transport products from manufacturers to consumers via trucks worldwide. Technology has been instrumental in reducing the number of empty miles driven, and finding an alternative fuel source is the next step for eco-conscious companies. The post 5 Alternative Fuels that Will Reenergize the Transportation Industry appeared first on Kuebix.

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.

White Paper: Strategic Sourcing in the Aviation Industry – How to Increase and Accelerate Savings

Bristlecone

In aviation, strategic sourcing can reduce the cost and fix the nuts and bolts of existing processes with the help of a well-performing sourcing team. Actions that Improve Aviation Industry Procurement Performance . Low-Cost Country Sourcing. This white paper explores why strategic sourcing is critical in the aviation industry and how it enables airlines and airline services providers to compete in a global market where margin for error is extremely low.

Top Transportation Management and Transportation Articles of 2015

Cerasis

We continue our series on the most read articles from the Cerasis blog for 2015 today by featuring any of the blogs in the transportation management or transportation categories. . Top 10 Most Read Transportation Management and Transportation Articles of 2015. In these most read 10 transportation management or transportation articles this year we saw, as with the other categories, a large portion focus on technology, such as transportation management systems.

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

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.

Technology Transforms the Trucking Industry

PLS Logistics

Technology has made supply chains and transportation more competitive, more convenient and more profitable. Shippers who examine transportation data develop strong operative initiatives, identify inefficiencies and improve inventory management. What are some transportation sources that shippers can generate data from? Transportation Management Software. Big Data TMS Technology Transportation Solutions

Is AIoT the Future of Industrial Connectivity?

Enterra Insights

There is a lot of discussion about the future benefits of the Internet of Things (IoT) — sometimes called the Industrial Internet of Things (IIoT). From its most basic applications of tracking our fitness levels, to its wide-reaching potential across industries and urban planning, the growing partnership between AI and the IoT means that a smarter future could occur sooner than we think.”[1] “Enormous volumes of data processed from numerous internet-connected sources.”

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.

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The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re Here are some details from the press release: LeanFleet allows shippers to plan and execute their private fleet and contract carriers on the same platform, providing visibility across the entire transportation network.

What’s shaping the steel industry today?

DELMIA Quintiq

In recent years, the steel industry has seen creative solutions to long-standing challenges, emerging technologies, and niche market explorations – all of which are changing this traditionally conservative industry. Here, he talked about key trends and challenges that are shaping the industry today. What are some of the current economic trends in the global steel industry? Which emerging technology and innovations are driving today’s steel industry and why?

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. And the logistics industry has countless IT solutions. Customer Service: The Real Source of SCM Innovation. He spends his time consulting and writing B2B marketing content helping transportation and logistics companies develop and implement their B2B blogging strategies.

Transportation is the Great Enabler of Supply Chain Excellence

Talking Logistics

I believe transportation is the least complex, yet most critical component of the supply chain. And if that isn’t enough to create a bias, maybe these well-known facts will: transportation costs represent the biggest slice of the supply chain cost pie (nearly 60 percent of every supply chain dollar is spent on transportation), and transportation costs can represent 3-12 percent of revenue or more depending on the product type and industry.

International Transportation: Where Many Companies Fall Short

Talking Logistics

When it comes to managing global supply chains, international transportation is where the rubber meets the road. But as many companies quickly find out, managing international transportation is very different from managing domestic transportation. I discussed the risks and complexities of international transportation in a recent episode of Talking Logistics with Russ Romine, VP of Global Transportation Services at LEGACY Supply Chain Services (a Talking Logistics sponsor).

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” It is important to know who is providing the source data used to develop your KPIs. If you are using components of source data outside of either you or your provider’s control, what are the means of auditing its accuracy? In order to be truly accurate long term, the source data should be available for you or your provider to directly scrutinize.

Improving Transportation in the Real World

Talking Logistics

Ideal transportation operations are difficult to achieve, but an ideal approach to improving transportation in the real world — finding real savings and adding value to other functional areas in the supply chain, or business more broadly — is achievable. These six steps allow shippers and 3PLs to improve transportation operations and increase supply chain value in the most ideal way possible. Source.

Digital Transformation: An Imperative for Industrial Manufacturing in 2017

Cerasis

Are industrial manufacturers seizing all the opportunities of a more digital world? Let’s take a look at four reasons why digital transformation is an imperative in 2017 for industrial manufacturers: 1. The industrial internet of things (IIoT) has exponentially increased the amount of data produced. Part of a digital transformation needs to be creating processes and empowering employees to transform the data coming from various sources into actionable insights.

COVID-19: Implications on inventory planning, sourcing and procurement

EFT

Paiva also emphasises the importance of being robust from a supplier but also a transportation perspective. “We We need to look at alternative sources of procurement, of production, alternative factories, alternative countries. Even the transport network is changing. As demand rides a rollercoaster in the last few months, huge adjustments have been asked from businesses in every corner of the world and sector.

How Does Transportation Affect Logistics?

Abivin

Transportation is an inseparable component of logistics. While the sights of trucks and trains carrying products of a company or parked at a business facility are common, few people understand how much the economy depends on economic and reliable transport. Image Source) 1. What is transportation? Transportation is one of the largest industries in the world. Transportation is a key element in the logistic chain. Image Source) 2.

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

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. Subscribe to our Logistics Newsletter to receive regular industry updates . The post Local Sourcing, Global Supply Chain appeared first on Kewill Corporate.

Transforming the GCC Chemical Industry with Supply Chain Integration – LogiSYM September 2020

The Logistics & Supply Chain Management Society

The GCC chemical industry is second largest manufacturing industry in value add, after refining. 2017 Facts and Figures report by Gulf Petrochemicals and Chemicals Association (GPCA), the chemical industry accounts for 3.1 GPCA confirms GCC chemical industry’s key problem is ensuring a smooth flow of raw materials to reach production plants across the globe for finished good production.” But the chemical industry is still lagging in digitisation.

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

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%. The connecting element is the availability of transport details and accurate data.

Is the 3PL Industry Becoming Barbell Shaped?

Talking Logistics

Looking at the numbers and recent news, investors are betting big on the future of the logistics industry. The road to Coyote’s IPO has been paved with various acquisitions, including Access America Transport, which the company acquired last March (read my commentary here ). Robinson and XPO Logistics (Source: quotes.wsj.com). Source: Adelante SCM. Post a comment and share your perspective on what’s happening in the 3PL industry today!

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Industry 4.0 in the Aftermath of Coronavirus

Enterra Insights

This crisis may be a tipping point for what’s likely going to be a strategic shift in where supply is sourced and products are assembled.”[1] As Tom Muth, a DELMIA Industry and Roles Portfolio Director, explains, “While most people are staying home during the COVID-19 pandemic, many are on the front line [including] manufacturers who are essential to society and doing their part helping to stop the global pandemic. Is Industry 4.0 He also believes Industry 4.0

Food and Beverage Industry Reevaluating Strategies to Combat Coronavirus

USC Consulting Group

Many organizations in a variety of industries did just that when the pandemic first struck. While the economic fallout from the pandemic proved to be less harmful than anticipated for some – particularly those in the big box and e-commerce retail segment, such as Walmart and Amazon – it greatly impacted the vast majority of industries. “The food and beverage industry is ramping up efforts to adjust and adapt.”

Want a Better Supply Chain? Here Are 4 Reasons to Outsource Your Transportation Management

Talking Logistics

Now more so than ever, corporations understand the tremendous impact logistics and transportation can have on their overall business performance and are taking meaningful strides to optimize their supply chain operations. While some organizations have the human capital, industry depth and expertise, and IT infrastructure to manage their transportation on an insourced basis, a majority do not. Source: Armstrong & Associates.

Greater Supply Chain Savings Thanks to Transportation Management

Cerasis

Therefore, more companies have partnered with third-party logistics providers ( 3PLs ) to achieve greater supply chain savings and presence in such markets through enhanced transportation management systems ( TMSs ). To maintain your role in the global market, you need to understand how 3PLs contribute to an improve transportation networks. Greater Supply Chain Savings Thanks to Transportation Management. Why Do Supply Chains Need Transportation Management?

How to Integrate with Industrial Internet of Things Technologies

Cerasis

As advances in technology make it more cost-effective to deploy IIoT, industries will need to acquire a strategic approach to integrating new sensor data with pre-existing data environments. Now, more than ever, industries are seeking simple integrations with controls, automation, and data analytics visualization software to harness the power of the Industrial Internet of Things and realize attractive operational and competitive benefits for their business.

Blockchain is Coming to Transportation – Here’s How

Talking Logistics

The transportation industry has long discussed blockchain with a healthy dose of skepticism or has taken a wait-and-see approach to its adoption. The industry has traditionally struggled with visibility, but there have been some significant advances of late. A modern, multi-modal Tier 1 TMS can now take data from all sources, cleanse it and use it. Even though most have little-to-no IT support or technology, they dominate a mode of transportation that can’t be ignored.