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Supply meets demand: New sourcing automation solution targets ocean freight procurement

Manufacturing & Logistics IT

Global provider of Intelligent Sourcing Automation, Keelvar, has launched its new AI-powered ocean freight sourcing automation solution

What’s the Difference Between Direct vs Indirect Procurement?

ivalua

What does Procurement mean? However, this is somewhat of an oversimplification of what the modern, best in class procurement organizations do for the larger business or organization. Procurement can and should be a significant value generator for the larger organization.

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Sourcing Priorities: Low Cost Geography or Domestic On-shoring?

Supply Chain Game Changer

For many years the predominant priority in sourcing has been finding the lowest cost possible. However the continuity of supply issues caused by the pandemic has created a call to repatriate much of this manufacturing into domestic, albeit higher cost, regions. Subscribe Here!

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. What is Single Sourcing or Sole Sourcing? For clarity let’s define what these sourcing terms mean.

The Role of Data in Sourcing Success

LevaData

It's difficult to source and buy direct materials at scale. Also, would it be more effective to buy from a distributor rather than the manufacturer; if so, which distributor? The Role of Data in Sourcing Success It's difficult to source and buy direct materials at scale.

Demystifying Transportation Sourcing – A Practitioner’s View

EC Sourcing Group

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing.

The Role of Data in Sourcing Success

LevaData

It's difficult to source and buy direct materials at scale. Also, would it be more effective to buy from a distributor rather than the manufacturer; if so, which distributor? The Role of Data in Sourcing Success It's difficult to source and buy direct materials at scale.

Top 10 Challenges in IT Procurement!

Supply Chain Game Changer

Featuring Our 12 Best Procurement Articles! Procurement is a process that involves obtaining and accepting terms and getting goods or services from an outside source. In other words, procurement is deciding to buy under conditions of less availability. Subscribe Here!

Added Manufacturing Milestones for Tesla

Supply Chain Matters

The Supply Chain Matters blog highlights recent manufacturing milestones achieved by electric auto and truck maker Tesla. Manufacturing output amounted to 305,407 vehicles.

Demystifying Transportation Sourcing – A Practitioner’s View

EC Sourcing Group

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing.

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

GlobalTranz

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?

Procurement vs. Purchasing: What’s the Difference?

Logistics Bureau

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. Chief Procurement Officer.

Procurement and Supply Chain are Smarter Together – Practical Use Cases

Logistics Viewpoints

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Procurement Supply Chain Planning

Pursuing a Career in Logistics and Supply Chain

Logistics Bureau

Because there is such a wide spectrum of logistics and supply chain jobs available, it is best to categorise them in the following way: planning, manufacture, sourcing, and delivery. Manufacturing. There are plenty of supply chain opportunities in manufacturing.

Disruption In Container Logistics With John Murnane

The Logistics of Logistics

The North American inbound supply chain was well-run and extremely cheap before the pandemic brought disruption to the logistics and transportation space. Join Joe Lynch as he talks to John Murnane about the disruption in container logistics. It is not as entertaining as logistics.

The introduction of E-Procurement.

ModusLink Corporation

The introduction of E-Procurement: Price and availability are not the only factors to be considered in a purchasing decision, especially now that a strong supply chain has become an unmissable element for every company in today’s business climate (Namulo, 2017). What is e-procurement.

How manufacturers and distributors can re-imagine procurement in the supply chain

SYSPRO Smarter ERP

Procurement in manufacturing companies is often not done correctly. Current procurement focus. What this response shows is that they do not fully understand the impact procurement has on stock. The procurement process. Sourcing. Procuring.

PwC and the Role of Procurement in Supply Chain Optimization

ivalua

Digital supply chains use one integrated network for all relevant supply chain partners, including procurement, suppliers, service providers, and even customers. Smart Logistics connects physical shipments and information flow from suppliers and manufacturers to customers in real-time.

Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption

Gravity Supply Chain

Sourcing: Mitigate risk during periods of supply chain disruption, such as those caused by the Coronavirus outbreak, by using digital technology. . The post Sourcing – What You Need To Know About Coronavirus Supply Chain Disruption appeared first on Gravity Supply Chain.

Why Get a Product Sourcing Agent?

Supply Chain Game Changer

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Your manufacturer is the backbone of your company; it regulates your inventory, which determines how consumers perceive and communicate with you. Functions of a Sourcing Agent.

Do Consumers Care About Ethical Sourcing?

Logistics Viewpoints

A big part of sustainability initiatives includes the use of ethical sourcing. Ethical sourcing is the process of ensuring that the products made are obtained through responsible and sustainable methods. Ethical Sourcing. percent more on ethically sourced products.

5 Benefits of Global Sourcing in Supply Chain Management

EC Sourcing Group

5 Benefits of Global Sourcing in Supply Chain Management. When the topic of global sourcing comes up, procurement managers often balk at global sourcing in supply chain management because they worry they will have to sacrifice quality or delivery when using global suppliers.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

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.

This Week in Logistics News (April 30 – May 6)

Logistics Viewpoints

Well, according to Czinger, a Los Angeles-based boutique hypercar manufacturer, that is about to be a possibility. And now on to this week’s logistics news. The post This Week in Logistics News (April 30 – May 6) appeared first on Logistics Viewpoints.

Continued Disruption and Added Cost Inflation Reflected in Key Global Transportation and Logistics Indices in March and Q1 2022

Supply Chain Matters

We now add highlights of March and Q1-2022 key global transportation and logistics indices. Global and Domestic Transportation and Logistics Indices. US Logistics Index.

ERP for Medical Device Manufacturers Part 2

SYSPRO Smarter ERP

Those manufacturers who are still using legacy or customized computer systems will find it difficult to make the necessary changes. Integration of design and manufacturing. Many manufacturers use a CAD/CAM system for design and engineering control.

This Week in Logistics News (April 2 – 8)

Logistics Viewpoints

And now on to this week’s logistics news. As a first of its kind agreement in the US, FedEx Express will develop plans to test Elroy Air’s Chaparral autonomous air cargo system within the company’s middle-mile logistics operations, moving shipments between sortation locations.

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How Australian manufacturers can achieve the net-zero deadline

SYSPRO Smarter ERP

Most manufacturing companies are working on what a low carbon future means for their business with the urgency to cut global CO2 emissions in half by 2030 and strive for a net-zero by 2050. We know that the manufacturing industry is the engine of economic growth and social impact.

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

How manufacturers can respond to supply chain disruptions

SYSPRO Smarter ERP

This also includes delays in local manufacturing as well as inflationary pressures due to escalating costs because of the increased fuel prices – increases are already at 10% and shipping is about 30%. Supply Chain Management and ERP ERP and Lean Manufacturing ERP systems

Disruption in China Ripples Across Global Supply Chains in April 2022

Supply Chain Matters

In this Supply Chain Matters commentary, we highlight the latest quantitative data related to global manufacturing PMI activity levels for April. Global Manufacturing Output Levels Declined. The Global Manufacturing Output sub-index reportedly dropped to a contraction value of 48.5

Strategic Sourcing: The Key to Competitive Advantage

Supply Chain Opz

Strategic Sourcing has been used by companies of all sizes for years. Professor Schoenherr is the expert in procurement and decision making and he will provide some guiding principles that practitioners can use to create more sustainable competitive advantage. This commentary highlights some of the key principles to strategic sourcing. However, priority is always given to cost cutting initiatives.

Using Digitization to Unlock Supply Chain Value for Manufacturers

ivalua

The role that procurement plays in manufacturing organizations is a difficult one. Procurement needs digitization at its core to enable automation, efficiency, and innovation within the supply chain. Digitization Benefit #2: Strategic Sourcing Alignment. Manufacturing

Availability of Part Two Research Report- Your Workforce: The Most Critical Link in Supply Chain Capability

Supply Chain Matters

Further included was manufacturing talent needs, and with consideration for moving outsourced production to domestic sourcing, the needs for retaining a highly skilled manufacturing talent in conjunction with factory automation.

Are Procurement and Logistics Executives Aligned When Faced with Current Supply Chain Challenges?

NC State SCRC

Procurement and supply chain executives are on the “same team” – and in general, a recent study conducted by the SCRC and GEP suggests that there is strong alignment between the two functions when it comes to prioritizing lower risks and reducing uncertainty in supply chains.