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

Cerasis

Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts. However, 48 to 72 hours would be an ideal lead time, reports Steve Raetz of Logistics Viewpoints.

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

Cerasis

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. Supply chain entities need to know vendors will be held accountable and adhere to the terms within vendor-supply chain partner service level agreements. Supply chain professionals must also know how they will be shipping freight. Companies Will Seek New Ways to Use Technology in Procurement.

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Digital Procurement Improves Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Preparing Business for the Digital Supply Chain! Digital Procurement article and permission to publish here provided by Katherine Barrios of xeneta.com. Important Digital Procurement Trends. What Is Digital Procurement?

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.

Drop Shipping Teddy Bears!

Supply Chain Game Changer

Subscribe to 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 Supply Chain model was fairly simple. This is drop shipping in action.

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. In some cases, these conditions may be applied to all supply chain processes. However, each term covers a different portion of the supply. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. Auxiliary supplies.

The Industrial Internet of Things, Manufacturing, Supply Chain & Logistics: Where Are We & Where Are We Going?

Cerasis

The era of paper-based systems and physically monitoring the supply chain is ending. Supply Chain Management. Supply chain management is a broad term used to describe the current use of the industrial internet of things in the supply chain. Warehouse management of the IoT is built the same principles of overall IoT-based supply chain management. Internet of Things Logistics Manufacturing Supply Chain Technology

Use of Blockchain in Supply Chain & Logistics: Looking to Examples Across Industries for Better Understanding

Cerasis

The days of managing supply chains through databases and changing information are over. Although blockchain is often related closely to cryptocurrency, it holds great value for use in supply chain management. Use of Blockchain in Supply Chain and Logistics Will Put Certain Departments at Risk As explained by Connor DiGregorio of Industry Week , blockchain technology carries a degree of risk for traditional supply chain departments.

Will Your Supply Chain Sink or Swim in the Digital Age?

OneSCM

recently noted a new trend towards supply chain “protectionism,” presumably due to the extraordinary combination of external forces proving capable of disrupting once-optimized processes and, therefore, destroying once-healthy profit margins. But just like every living thing needs air and water to survive, every manufacturer – and every one of their supply chain partners – needs a single source of data truth to survive the massive wave of change that’s hitting from all directions.

Google Will Acquire a 3PL – And Other Supply Chain and Logistics Predictions for 2015

Talking Logistics

“We will see $300 a barrel — or roughly $250 in today’s dollars — because oil supply will be so short. That will be in 2015, after the peak of oil [supply].”. I use this example to illustrate the challenges (or, perhaps, the futility) of making supply chain and logistics predictions. The EIA now expects that “global liquid fuels supply will continue to outpace consumption, resulting in an average stock build of 0.4

3PL 207

Effectively Manage Foodservice Supply Chains During Disruptions

CH Robinson Transportfolio

Improving supply chain processes can be a strategic way to free up time to focus on the most important aspect of the restaurant business—happy customers. Key to this opportunity is working with a credible, aligned outsource supply chain provider.

Supplier Diversity in Logistics!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supplier Diversity in Logistics article and permission to publish here provided by Kevin Jessop at cerasis.com. A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift.

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

Cerasis

In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. One of the often missing links, however, in supply chain visibility, is transportation management.

Supply Chain And Logistics Trends That Could Be Big In 2020

Logistics Bureau

Rob O’Byrne makes an early start with his round-up of supply chain and logistics trends that might make industry headlines in the coming year. His observations include trends in first and last-mile logistics, and the increase in SMEs entering global markets. 2020 Supply Chain and Logistics Trends: What’s Around the Corner? The Death of the End-to-End Supply Chain. In short, the supply chain is no longer linear, but circular.

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business. Integrating Blockchain within the Supply Chain could change that. When we are asked about “killer” use cases for blockchain within enterprise systems, Supply Chain is the usual suspect — and for good reason.

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

OneSCM

In my conversations with mid-market companies looking to implement supply chain improvements, supplier adoption routinely ranks near the top of concerns. 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. If it is to deliver on that promise, however, the supply base has to get on board. appeared first on TAKE Supply Chain.

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

Over the course of the last two years, we at Supply Chain Insight s have worked on a methodology to gauge supply chain improvement. We named it the Supply Chain Index. We have found that supply chain metrics are gnarly and complicated.During During the last two months, we have been interviewing supply chain leaders to get their views on the methodology. Background on the Supply Chain Index.

10 Vital Supply Chain Lessons from the Coronavirus Pandemic!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Coronavirus Exposes Global Supply Chain Fragility! Every aspect of our lives has been disrupted: our health, freedom of movement, employment, the economy, our ability to buy goods, and virtually every Supply Chain. Apart from the panic buying are there Supply Chain lessons that we should learn from the Coronavirus pandemic to improve the robustness of Supply Chains in the future?

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5 More Transformative Supply Chain Technologies Supply Chains Will Focus on in 2018 to Move to the Next Level

Cerasis

Supply chain technology is a difficult, exhilarating topic to cover in detail. The supply chain technology stack comprises hundreds, if not thousands, of individual technologies, and considering the growth of the Internet of things (IoT), there really is no limit to how much these transformative supply chain technologies may expand within the next 12 months. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.

Supply Chain Quality: A Driver for Digital Transformation

Talking Logistics

Commercialization strategies evolve, supply chains expand, and production rates accelerate. Finished products have high ratios (average 50%) of sourced or procured product content. Today’s challenge is to lower the finished product defect rate by emphasizing supply chain quality. A digital transformation of the supply chain is needed to integrate quality attributes into the products we buy, move, and sell through the supply chain.

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.

Ways to think about the Supply Chain of the Future: Artificial Intelligence

Techgistics

Since about 2012 there’s been a massive influx of VC funding that has been poured into startups to revolutionise logistics and supply chains. And, it’s not just startups that are getting in the mix, it’s established global players like Amazon, Walmart, IBM, Alibaba, DHL, UPS, Merck, WiseTech Global, XPO Logistics and many more that are driving new technologies forward. Supply Chains got Very Good.

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. Conversely, slowing down the supply chain is at the root of everything that is bad: working capital write-offs, reduced profitability, and slowing revenues.”.

Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. Whether you’re in charge of ordering the “things” or managing how and where those things get from A to B, both sides of the procurement equation stand to benefit from freight procurement automation. Supply Chain

The Truth About Multi-stop Truckload Shipping

Talking Logistics

If you rely on multi-stop truckload shipping as part of your strategy, you owe it to yourself to learn how to work more effectively with your carriers—which can also improve acceptance levels for these loads and help you better control supply chain costs. Continuous moves are a single load with multiple legs that was part of the procurement event and awarded to a service provider. Robinson logistics multi-stop truckload shipping transportation

Supply Chain Management With Blockchain: How the Blockchain Enables Supply Chains to Focus on Customer Experience

Cerasis

Customer experiences have a vital bearing on the success or failure of today’s supply chains. Supply chain management with blockchain can help shippers and businesses focus on customer-centric practices and standards. Supply Chain Management Struggles to Meet Increasing Consumer Demands Consumer expectations are at an all-time high. An Introduction to Blockchain and Its Potential Benefits and Drawbacks in Supply Chain Management.

Podcast: VC Brian Aoaeh on the Future of Supply Chain Investment

Requis

Venture capital (VC) investor, columnist and educator Brian Aoaeh is part of the new generation of investors who are unlocking the opportunities in supply chain. Steeped in the investment world since 2008, Brian decided very early on to focus on supply chain and operations investment. Supply Chain Next · 013 – Brian Aoaeh, CFA. It was during that process that I honed in on supply chain. Let’s talk about why supply chain, and why now.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Why Disintermediate the Supply Chain? Think about the typical set of objectives and metrics associated with managing a Supply Chain. Now consider what a Supply Chain entails. Subscribe Here! Email Address.

Bed, Bath & Beyond – Second Quarter 2020 E-commerce & Supply Chain Initiatives

Logistics Trends and Insights

Gross profits were offset by higher net direct to customer shipping expenses. Re-engineering its supply chain and vendor relationships as well as strengthening its owned-brand strategy. Create more flexible fulfillment options designed to improve the company’s delivery capabilities and lower the company’s shipping costs. For $29 annually, its loyalty award membership allows members to receive 20% off of purchases and free standard shipping throughout the year.

What Is the Impact of Big Data in the Transportation & Supply Chain Industries?

Cerasis

Big data will be a defining force in the future of logistics, but the benefits of big data are already being felt. Before thinking about future possibilities, you need to understand how it is currently being leveraged, According to Katrin Zeiler , supply chain entities will be able to lower overall operating costs, create and test newer business models, develop and maintain a higher standard in customer service and attain unsurpassed efficiency. Better Shipping Options. .

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. We just finished hosting over 150 executives at our Supply Chain Resource Cooperative, with a theme on Supply Chain Analytics. Here is what I expect to see next year: Global supply chain footprints will continue to expand.

How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Supply chain leaders must be ready to implement big data and leverage it to improve their companies without any delay or inhibition This may sound impossible and frightening, but they must only understand how big always goes back to these two, simple principles of measurement, review, and action.

Strategies, Tips, and Pitfalls of Modern Transportation Procurement

Logistics Viewpoints

The effort to move closer to the customer – by virtually all businesses – means supply chain networks of old must be replaced with more links, more nodes, and smaller, more frequent shipments. 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.

Inbound logistics requirements for the new automotive supply chain

The Network Effect

Note: This is an ongoing series of posts on new developments within the automobile supply chain, with examples of best practices. Today I want to discuss inbound logistics requirements. Earlier we discussed the fact that the “procure to pay” business transaction cycle includes transportation events such as tendering, pick up, in transit, dock scheduling and deliver along with full track and trace. Automobile Auto automotive demand-driven logistics

There Are Not Enough Women Supply Chain Leaders!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Seasoned Leadership in Action™ – An Interview with Kristie Syndikus, VP Procurement at Maple Leaf Foods! Women Supply Chain Leaders article and permission to publish here provided by Sam White at argentus.com.