10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. However, 48 to 72 hours would be an ideal lead time, reports Steve Raetz of Logistics Viewpoints.

Drop Shipping Teddy Bears!

Supply Chain Game Changer

As such the Category Managers were going wild with ideas on how to expand their product assortments and procuring new and interesting products to sell. the difference between the intended resale price and the cost of procuring the item from the vendor). This is drop shipping in action.

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These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. Supply chain professionals must also know how they will be shipping freight. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement. Integrated Procurement and Payment Systems Simplify the Process.

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

Cerasis

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. Logistics

Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. The Hackett Group has recently released their analysis of their procurement benchmarking database. It demonstrates the advantages of working with a digital procurement strategy.

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.

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock.

3 Best Practices to Improve Your Flatbed Shipping Performance

CH Robinson Transportfolio

Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. When it comes to flatbed shipping, each industry faces unique challenges in seasonality, regulation, competition, and scalability.

Supplier Diversity in Logistics!

Supply Chain Game Changer

Supplier Diversity in Logistics article and permission to publish here provided by Kevin Jessop at cerasis.com. Overall, better relationships and supplier diversity in logistics lead to wealthier and more profitable opportunities. The post Supplier Diversity in Logistics!

10 Tips Shippers Can Use to Reduce Costs in LTL Procurement with Better Request for Pricing Bidding

Cerasis

As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. Logistics LTL ltl procuremen

Strategies, Tips, and Pitfalls of Modern Transportation Procurement

Logistics Viewpoints

These changes impact shipping lanes, volumes, cost, driver satisfaction, turn over – all of the things that naturally […]. The post Strategies, Tips, and Pitfalls of Modern Transportation Procurement appeared first on Logistics Viewpoints. Procurement Transportation Management Systems TMS transportation procurementThe biggest constant in transportation today is changing.

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. As a large number of containers are stuck in transshipment and countries have put restrictions on movement of ships to contain the spread of the virus, it has lead to a mismatch in the demand and supply in the market. Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods.

Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Procurement

How to Procure Full Truckloads in Tight Capacity

Cerasis

The use of full truckload shipping is rising in popularity, resulting from its lower cost as compared to less-than-truckload (LTL) shipping. These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity.

How the Covid-19 Crisis is Moving the Shipping Industry Towards a Spot Driven Rate Procurement Model and Reduce Cost through Shipsy’s Inquiry Module

Shipsy

The spread of the novel coronavirus causing COVID-19 is affecting the shipping industry in unprecedented ways. Rate Procurement Through Inquiries In these testing times, shippers are now exploring spot rates in Shipsy’s Inquiry module to transport their goods.

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Multichannel Fulfillment & Shipping: Considerations for Wholesale Distributors & OEMs in the Transition From Single Channel Shipping

Cerasis

E-commerce has presented wholesale distributors and original equipment manufacturers (OEMs) with a crown opportunity for growth, but it comes at the cost of transitioning from single-channel shipping. Over the last year, average e-commerce sales have increased more than 15 percent, revealing the increasing demand for multichannel fulfillment and shipping. Adapting supply chain systems to succeed in multichannel fulfillment and shipping, also requires additional setup time.

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

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. The post Procurement Leading Pharmaceutical Companies Through the Pandemic appeared first on Jaggaer.

Tips for Effectively Managing E-Commerce Logistics

Cerasis

Yet, as few as 33 percent of shippers have taken advantage of a transportation management system (TMS), reports Michael of Levans of Logistics Management. In order to manage e-commerce logistics and maintain cost efficiency, shippers need to know the challenges in managing e-commerce logistics, how a TMS can help, and a few tips to streamline the process. What Are the Challenges in Managing E-Commerce Logistics? Offer multiple shipping options to consumers.

E-Commerce Shipping: Why Shippers Are Mastering E-Commerce to Go Omnichannel

Cerasis

Unfortunately, shippers may overlook the biggest obstacle to omnichannel, developing effective e-commerce shipping practices. To avoid the retail apocalypse and achieve omnichannel success, shippers need to understand the challenges of e-commerce shipping, how it contributes to omnichannel success and a few tips to succeed in it. According to Stacey Rudolph of Business2Community, e-commerce shipping is complicated with an average return rate of 30 percent.

From Exports to Delivery: Simplifying PPE Shipping

CH Robinson Transportfolio

For a closer look at how China’s regulations impact PPE shipping, check out our recent PPE exporting video featuring our director of product development, Vincent Wong. And due to the nature of the shipping industry, these regulations can change quickly—especially for medical grade equipment. As you might imagine, this has drastically changed normal market conditions for air shipping. FCL and LCL expedited ocean shipping.

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex. Creating more sustainable logistics is even more important for the trucking industry. Sustainable Logistics | Quantifying Sustainability Measures of Your Logistics. Robinson and the MIT Center for Transportation and Logistics. From shareholders to consumers, sustainable logistics has created broad value. Logistics

[WHITE PAPER] The Top Logistics Trends that Will Impact Logistics Management in 2018

Cerasis

Cerasis is excited to announce the release of an all new, exclusive, & educational resource “The Top Logistics Trends that Will Impact Supply Chain Management in 2018” white paper! This is a must read for those in the logistics industry to stay on top of their games! With the rise of e-commerce, the value of logistics has grown. Logistics professionals can no longer simply go about standard operations, and the days of peaks and lulls have ended.

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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. For companies of this size and influence, supplier adoption of the procurement portal simply becomes a criteria for inclusion in the company’s approved vendor list (AVL).

Top 15 Logistics Blog Posts of 2014

Cerasis

We continue our top blog posts of 2014 from our main categories today by focusing on something at Cerasis we are experts in : Logistics. If you are familiar with the term logistics, then you undoubtedly know it conjures up a different meaning to different people , different countries, and different companies even. There are countless number of logistics service providers who offer many different types of broad and niche services. Top 15 Logistics Blog Posts of 2014.

Full Truckload Technology: The Various Technology Involved in Full Truckload Freight Shipping Management

Cerasis

The most recent report on adoption rates of TMS is from 2015, with only 35 percent of shippers actively using a TMS, asserts Bridget McCrea of Logistics Management. Demand for record-breaking speed of delivery and free shipping are only making the case for greater use of technology in full truckload freight shipping management, and shippers need to understand why. Access our complete Full Truckload Shipping White Paper Series.

Capacity Crunch Strategies: How Does a 3PL Aid a Shipper in a Shipping Capacity Crunch?

Cerasis

A shipping capacity crunch is a necessary evil. Unfortunately, a shipping capacity crunch tends to occur during already stressed periods, like winter, after tropical storms and during peak shopping seasons. However, a third-party logistics provider (3PL) can help shippers persevere through the tough times with these capacity crunch strategies. . 3PLs Bring Better Freight Shipping Rates During Shipping Capacity Crunch Hikes.

The Top 6 Trends in Logistics Impacting Shippers in 2017

Cerasis

The election is over, but the race is just starting for logistics providers. From Amazon to hyper-local retailers, 2017 will be a year of intense scrutiny and pressure on logistics providers. Fortunately, your organization can get ahead of the learning curve by knowing what trends in logistics to watch for this year. The Top 6 Trends in Logistics Impacting Shippers in 2016. Autonomous Trucks Will Drive Logistics Forward. Logistics

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The New Value Equation in Contract Logistics

Talking Logistics

With all of the changes happening in the supply chain and logistics realm — whether it’s technology, regulations, mergers and acquisitions, new business models and competitors — is the value equation in contract logistics changing too? That was the main question I addressed with Greg Boring, VP of Sales at Kenco Group , in a recent episode of Talking Logistics. 3PL Episode Highlights e-commerce Kenco Group logistics outsourcing procurement supply chain visibilit

These 5 Top Logistics Trends for 2018 are a Response to the Growing Customer Experience Movement

Cerasis

With the rise of e-commerce, the value of logistics has grown. Logistics professionals can no longer simply go about standard operations, and the days of peaks and lulls have ended. To answer that question, let us turn our attention to some of the key top logistics trends we’ll see over the next 12 months, in part as a response to the growing customer experience movement. The Top Logistics Trends that Will Impact Logistics Management in 2018. Logistics Trends

Trends 201

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

There are several elements in an effective logistics strategy, with the ultimate goal of identifying the most cost-effective service levels and developing plans and processes that enable the company to operate as close to those optimal service levels as possible. in the logistics industry.

Blockchain and Reverse Logistics: Recapturing Costs and More

Cerasis

The costs of reverse logistics amount to more than $750 billion per year, and the demand for reverse logistics has risen in recent years with the rise of e-commerce. According to Stacy Rudolph of Business to Community, up to 30% of all products ordered online become returns, placing an insurmountable burden on reverse logistics. This is why blockchain in reverse logistics go well together. Blockchain Reverse Logistics

This Week in Logistics News (November 5-9, 2018)

Talking Logistics

Our Logistics Leaders for Type 1 Diabetes Cure Team raised $58,706 this season — a new record! Simply put, without your support, this audacious dream I had three years ago to form a logistics cycling team to support JDRF wouldn’t have come true. Okay, turning the corner, here’s the supply chain and logistics news that caught my attention this week: Amazon offers free shipping on all orders for the holidays (CNN).

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

This is the first of a two-part series where I will curate and cull information from my 4 decades of experience in logistics cost reduction at various positions in the supply chain. According to the CSCMP's "State of Logistics" Report from 2015, logistics costs now make up over 8% of the GDP. Any percentage less for your business with logistics costs as a percent of your revenue, goes straight to the bottom line. . Logistics Cost Reduction by Focusing on Safety.

Key Points for You to Consider in the TMS Procurement Process

TMC

Often at the top of the list is the need for streamlined shipping processes and visibility to all transportation activities in one technology platform. Common supply chain challenges that lead to a TMS purchase include procurement and transportation operations living as two separate functions, lack of visibility to freight movement, and limited control of freight from inbound suppliers. Procuring a TMS starts with an investigative process.