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.

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

Cerasis

Procurement must never be an afterthought in any enterprise. 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. As with many other topics affecting industry trends in the transportation, trucking and manufacturing industries, companies are looking for ways to increase the use of technology in procurement, explains Melissa Deleen of LinkedIn.

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

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. However, both logistics and procurement often become isolated in modern companies, resulting in inefficient practices and a sluggish production value. Supply Chain Managers and Procurement Professionals Avoid the Conversation.

The 4 Stages of Supply Chain Analytics

speakers are professing "data got sexy" and data is now a core strategy for. Again and again, the quality of supply chain and logistics. procurement officers believe the quality of data is a major barrier, and the. This is a long term strategy and commitment.

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

The logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage. Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures. What is preventing your organization from evaluating the current market for logistics services and challenging your existing […].

[INFOGRAPHIC] The Future Of Procurement: What Is Your Role?

Cerasis

At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study.

21st Century Procurement Skills (Guest Post by Christoph Flöthmann)

SCM Research

Our guest post today comes from Christoph Flöthmann, an expert in strategic and digital procurement, who has recently co-authored a new report. Digitalization already has a major impact on procurement, as we write in our new report: 21st Century Procurement Skills. This is ultimately driving procurement effectiveness, efficiency and compliance. Practice Research Digitalization Procurement Report

[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing

Cerasis

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work.

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.

Commodity (or Category) Management – What is your Buying Strategy?

Supply Chain Game Changer

Check out What Exactly Is Procurement? A well constructed Procurement Strategy will raise the value of the Supply Chain to your company. Are you executing a Buying Strategy or are you just blindly placing purchase orders ? What is a Commodity Management 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.

Using Logistics Technology to Execute a Winning Inbound Freight Strategy & Have Compliant Vendors

Cerasis

Most shippers have existing vendor compliance programs in place within their vendor inbound logistics guide. Unfortunately, the traditional logistics of sending out paper guides and even keeping updated online versions has grown complex and difficult to control. Fortunately, today’s logistics technology has the power to execute a winning inbound freight strategy and maintain compliance in the following ways. Inbound Freight Logistics

50 expert tips on logistics planning and strategy

6 River Systems

As the biggest players in fulfillment, distribution and omnichannel retail continue to push boundaries, logistics and planning strategists are forced to innovate. Logistics strategies for streamlined fulfillment. Logistics personnel and supplier management pointers.

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.

Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course!

Trends & Strategies in Logistics and SCM

Supply Chain Movement

2013 Trends and Strategies in Logistics and Supply Chain Management: Embracing Global Logistics Complexity to Drive Market Advantage. The key results of this study by BVL International on trends and strategies in logistics and supply chain management are summarized, as follows. They are based on 1757 responses collected in an international survey from supply chain executives (including logistics service providers (LSPs), retailers, and manufacturing companies).

SCM 120

The 3 Pillars of Digital Procurement!

Supply Chain Game Changer

Procurement professionals have the same question looming over their head on a daily basis: “How do you plan on dealing with digitalization?”. Regardless of the sheer amount of content one could chose to consume, the theme for the day was apparent and held strong: Digital Procurement.

How to Procure Full Truckloads in Tight Capacity

Cerasis

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. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.

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

Empowered Consumers Require Omnichannel Strategies

Enterra Insights

Steve Osburn ( @skosbu ), Managing Director at Kurt Salmon — a part of Accenture Strategy specializing in Supply Chain, observes, “E-commerce customers in the U.S. A recent study from Accenture Strategy found that 62 percent of U.S. To meet changing consumer behavior, retailers are finding omnichannel strategies essential. ” Omnichannel strategies can help meet consumer demands. Understand your business and customer strategy.

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

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. What Are the Challenges in Managing E-Commerce Logistics? E-Commerce LogisticsE-commerce is in the middle of a boom.

Ocean Freight Procurement and Going with the Stream

Freightos

The annual fixed-price contract is the current go-to for ocean freight procurement. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing? Remember iPods?

The Hottest Jobs in Supply Chain and Procurement! (Infographic)

Supply Chain Game Changer

Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Your expertise and experience are the backbone of developing the strategies and action plans for making these evolutionary and revolutionary improvements. Procurement #SupplyChain #Logistics #Jobs.

How Do Supply Chain & Transportation Leaders Get Started Using Their Big Data Strategy?

Cerasis

Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. .

Procurement Outsourcing – Keep your Integrity!

Supply Chain Game Changer

Like so many professionals Procurement people are very proud. But at some point in their careers, especially in the age of Outsourcing, they are likely to have to deal with potential suppliers who provide Procurement services. Procurement typically negotiates deals for other functions like I/T, HR, Manufacturing and every other area in the company. When selling Procurement Outsourcing services you need to have a lot of credibility to begin. Subscribe Here!

Defining and Implementing an Effective Transportation Strategy

Talking Logistics

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. An important component of that foundation is defining and implementing an effective transportation strategy – a topic that I discussed with Eric Meister, LeanLogistics’ former COO, in a follow-up episode.

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

Cerasis

However, a third-party logistics provider (3PL) can help shippers persevere through the tough times with these capacity crunch strategies. . This is where a 3PL can help mitigate much of the stress during a shipping capacity crunch, explains Thomas Griffin of Inbound Logistics. .

How Are Counterfeit Drugs Procured?

Supply Chain @ MIT

A new approach focuses on the way these products are procured. Research at the MIT-Zaragoza International Logistics Program , Zaragoza, Spain, is investigating why drug dispensers such as clinics and pharmacies might acquire fake drugs. Counterfeit cures.

6 Important Tips For Effective Logistics Management

Cerasis

Editor's Note: Today's blog is from our friend Robert Everett who gives us some fantastic tips for effective logistics management. There are various factors involved in effective logistics management, for example, automation and perfect coordination. Logistics

International Procurement in Emerging Markets

SCM Research

Procurement companies that are sourcing in emerging markets realize great opportunities and competitive advantages. However, procurement companies face challenges and risks in emerging markets. It is important for successful companies to develop appropriate sourcing and logistics strategies in order to overcome these challenges. Practice Procurement Report Supply Chain Management Emerging markets have been playing an important role in sourcing activities.

IKEA’s IWAY Has Lessons For Every Procurement Team!

Supply Chain Game Changer

Check out Procurement Report Card: Most Executives Think Procurement Isn’t Strategic Enough! Looking back on the training process, our research, strategy, implementation and evaluation methods closely mirrored supplier relationship management and procurement management.

Top Talking Logistics Posts & Episodes (Q1 2019)

Talking Logistics

Based on the top Talking Logistics posts and videos this quarter, it’s clear that transportation management remains a hot topic of interest — everything from how to navigate the twists and turns of the market to how to leverage transportation management systems (TMS) and emerging technologies to drive continuous improvement. The post Top Talking Logistics Posts & Episodes (Q1 2019) appeared first on Talking Logistics with Adrian Gonzalez.

Video 145

Why The Time Is Now for Sustainable Procurement

Jaggaer

Earth Day (April 22nd) is a celebration of commitment to creating a safer, healthier and cleaner world, making it a natural time to reflect on the power and value of sustainable procurement programs. Procurement teams are in a unique and important position to drive such initiatives forward as these improvements are only possible through actions taken in the supply chain. Procurement at the pivot point. Clear steps to sustainable procurement.

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. There are countless number of logistics service providers who offer many different types of broad and niche services.

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