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Why Supply Chain Managers & Procurement Should Collaborate

Cerasis

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. Meanwhile, this large volume of expenses is directly related to 80 percent or a company’s working capital via inventory and accounts payable. So, why do supply chain managers not take advantage of this data with respect to procurement?

Want better supplier adoption of your procurement portal? Start by asking your own sales staff.

OneSCM

A good portion of the value provided by automating procurement and payables processes comes from the labor and cost savings generated from fewer errors and less manual work. The procurement portal has to have enough transactional volume running thru it.

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

Cerasis

One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? Transportation refers to the movement of product from one location to another as it makes its way from the beginning of a supply chain to the customer’s handle. Any supply chain’s success is closely linked to the appropriate use of transportation.

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. Procurement

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

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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IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Share information, to increase visibility and responsiveness of all parties involved. Integrate all supply chain systems, increasing savings in transportation management, procurement and everywhere in between.

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.

The State of Supply Chain Trends Part II: AI, Procurement, & the New Lean

Cerasis

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. Consequently, all processes, including inventory management, logistics, data analytics and ongoing performance management, as reiterated by the staff of Supply Chain 24/7, improvement, can be optimized, creating a more efficient, direct and intelligent supply chain network. Procurement’s Role Did Become More Important.

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Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. First, look at inventory as MONEY/CASH. Inventory cost is defined as the cost of holding goods in stock.

Streamlining and Automating the Procure-to-Pay Process

Talking Logistics

Streamlining and automating the procure-to-pay (P2P) process is something many companies are focused on, especially those dealing with hundreds, if not thousands, of suppliers and high volumes of purchase orders, shipments, and invoices. The order procurement black hole. I began my discussion with Omar by asking him to share some of the challenges procurement people are dealing with in the procurement process. Episode Highlights Elemica P2P procure-to-pay

[e-Book] How To Shift From Tactical To Strategic Logistics and Transportation Management To Create A Competitive Advantage

Cerasis

We release our second e-book today by focusing on strategic logistics and transportation management creates a competitive business advantage for shippers. Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. This is especially relevant for third-party logistics and transportation management service providers, whose service fee is based on reducing cost and streamlining the shipper’s supply chain.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Supply Chain involves planning, execution, physical flows of goods, the flow of information, processes, financial management, sourcing, logistics, procurement, manufacturing, distribution, logistics, repair and recycling, business management and much, much more. Subscribe Here!

Four Strategies To Deploy As Supply Chain Hits Main Street

Supply Chain Shaman

For the CFO, end-to-end is a focus on transactional flows like order-to-cash and procure-to-pay. Most are clueless about driving a better-planned order flow from tactical planning to procurement or transportation planning or how to improve forecast-value-added (FVA) processes.

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.

Does Canada Need a Chief Logistics Officer?

Supply Chain Network

Likewise, logistics the physical handling, storage and transportation of any materiels or related services needed for the Government of Canada to serve citizens costs 10′s if not 100′s of millions of dollars annually. Transportation – Less Than Truckload & Truckload.

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HCL Tech signs global alliance agreement with JDA Software Group

Supply Chain Network

The alliance addresses the unique supply chain challenges for business in the areas like planning, procurement, production, distribution, warehousing, inventory, transportation and customer services. Emerging Trends Information Technology News & Info Professional Communications Supply Chain Management cloud distribution inventory planning procurement production transportation warehousing

E2open Acquires Transportation Management Systems Provider Cloud Logistics

E2open

Cloud Logistics Brings Same-Day, Rapid-Deployment Transportation and Logistics Management to E2open’s Industry Leading Business Network. AUSTIN, TX – October 1, 2018 – E2open , the one place in the cloud to run your supply chain, today announced the acquisition of Cloud Logistics, a leading innovator of transportation management systems (TMS) for the global supply chain market. in the March 2018 Magic Quadrant for Transportation Management Systems. MONDAY 01 OCTOBER 2018.

Shippers: One Action Could Save You Millions on Inbound Transportation Management Costs

BluJay Solutions

But even in doing so, one area that is overrun with inefficiency is often overlooked – inbound transportation management. The top 8 improvements we have seen achieved in inbound transportation are: Cost savings from: More efficient use of equipment and fuel. Lower inventory levels.

Intelleflex Announces Cellular, GPS-equipped RFID Reader & Cloud-based ZEST™ Data Services Platform

Supply Chain Network

Intelleflex ZEST™ Data Services, a cloud-based repository for aggregating, warehousing and sharing information across the supply chain, facilitates on-demand access to actionable data for improved supply chain operations to provide a complete picture of data spanning the entire supply chain.

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. SCM involves the flow of materials, finances and information. Subscribe Here!

3D Printing Set to Streamline the Retail Supply Chain Through Reduced Lead Times and Inventory

BluJay Solutions

The attractiveness of 3D printing for manufacturers and retailers/distributors centers around reducing both lead times and the risks involved in holding inventory. Our January blog post 3D Printing: Supply Chain Game Changer or New Risk for LSPs?

The 4 Key Processes Enabled by a Transport Management System (TMS) in 2015

Cerasis

We continue our series on the “State of the Transportation Management Systems” today with our post on the 4 key processes enabled by the use by shippers of a transport management system or TMS. A Transport Management System brings Needed ROI & Efficiency.

7 Questions: How Oil and Gas Companies Can Save on Transportation

CH Robinson Transportfolio

But if you answer “yes” to any of them, you may be making common supply chain errors that can dramatically increase transportation spending. Do your suppliers pay the shipping costs for your procurement material? Do you use the same transportation method whenever you ship?

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Optimizing Retail Supply Chains to Meet Demand and Reduce Costs

CH Robinson Transportfolio

Change your thinking on retail procurement. Robinson can offer Managed Procurement Services and assess the entire end to end pipeline of your retail model, looking at each element holistically to see how changes in one piece of the process could lead to changes in another.

Expert Reveals 7 Supply Chain Trends to Watch

Supply Chain Opz

In this article, Professor Burcu Keskin from University of Alabama will share 7 trends that procurement and supply chain management professionals should watch. At the same time, this data may indicate possible issues in the procurement process, regarding product quality and delivery.

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The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

Information needs to be accessible from all points on the supply chain. If the supply chain processes are not connected from the beginning to the end of the entire procurement, manufacturing and distribution processes, or “field to fork”, you will have a bumpy road.

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory.

Supply Chain Personified! The Link Between Your Company Silos!

Supply Chain Game Changer

The procurement of materials and goods and services, and the timing of this procurement, payment terms with suppliers, and the buildup and disposition of inventory all dramatically impact the amount of cash that a company has and uses. Information Technology (IT).

Don’t Fear Optimization (It’s Just a Word)

Talking Logistics

Author’s Note: The following is the forward I wrote for a new textbook published by MercuryGate (a Talking Logistics sponsor) on “ Modern Technology for Transportation Optimization ,” which is available for purchase on Amazon.com. Our transportation operations are simple and straightforward.”

[INFOGRAPHIC] Expert Reveals 7 Supply Chain Trends to Watch

Cerasis

As a transportation management third party logistics company, we know at Cerasis that transportation makes up a large portion of the costs and efficiencies of any supply chain. Contact Cerasis if you would like help in more effective transportation management. .

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Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Here are just a few entry points: Distributed and Decentralized Database With a complex and dynamic supply chain management landscape, stakeholders need one harmonized data repository on which to rely for updated information. The distributed ledger component of blockchain provides an integrated digital platform for nodes in a supply chain system to share and query information as developments occur in real time. Blockchain Omnichannel Supply Chain Transportation Management

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

In the mid 1950s, this concept was extended to transportation management with the development of intermodal containers together with ships, trains, and trucks to handle these containers. Check out Why don’t you have a TMS (Transportation Management System) Solution yet? .

The View from Houston: DHL Global Energy Conference 2015

Supply Chain View from the Field

The conference was a great opportunity to interact with logistics and procurement executives in an environment of open dialogue and discussion. All of a sudden, everyone is “knocking on the door” of procurement and logistics, asking for cost improvements. These are the types of asset productivity savings that are often left untouched, as procurement goes relentlessly after pricing cuts.

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

That is one of the most important, yet often overlooked, questions shippers should ask before implementing a Transportation Management System — specifically if they’re implementing a traditional, behind-the-firewall solution.