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

GlobalTranz

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. Manufacturers must work to consolidate incoming supplies and outgoing shipments to make their incoming and outgoing freight more attractive to major carriers. Consider Cyber Security Concerns in the Procurement Supply Chain.

Know Your Supply Chain KPIs – Procurement

Logistics Bureau

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. 7 Procurement KPIs You Should be Using.

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Why Supply Chain Managers & Procurement Should Collaborate

GlobalTranz

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. This is the demand-driven supply chain.

Optimizing Direct Procurement and the Inbound Supply Chain

The Network Effect

The post Optimizing Direct Procurement and the Inbound Supply Chain appeared first on The Network Effect. Inbound Supply Supply Chain Management inbound logistics inbound supply procurement

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

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

GlobalTranz

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.

Implementing AI in Supply Chain Logistics

20Cube Logistics

Supply chain logistics is going through a paradigm shift wherein leading e-commerce and logistics have raised customer expectations with timely delivery and status updates of the consignment. Today, AI plays an important role in modern supply chain optimization.

5 Podcasts for Supply Chain and Logistics Professionals

GlobalTranz

These podcasts bring the latest news and thought leadership in the supply chain and logistics industries right to your earbuds. If you’re looking to increase your podcast listening , here are five that highlight topics of interest to supply chain and logistics professionals. 5 supply chain and logistics podcasts. Talking Logistics with Adrian Gonzalez. Straight Talk with Supply Chain Insights. Supply Chain Brain.

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?

Pandemic Lessons For Supply Chain Leaders

Supply Chain Shaman

The Covid-19 pandemic tested the global supply chain. Like riding a bumpy road, the supply chain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. The Emergence of Logistics as Constraint.

The Supply Chain Links to Blockchain

Enterra Insights

When it comes to paperwork in the supply chain, however, it’s no joke. Current supply chain systems are laden with paperwork and the headache of unanticipated problems that arise in daily operations.”[1] The links are subsequently the chains.

Transportation Procurement: Finding an Alternative

Talking Logistics

Many companies are getting ready for (or perhaps have already completed) their annual transportation procurement engagement. But has the time come to transform the transportation procurement process? Read more Transportation Procurement: Finding an Alternative.

6 Critical Supply Chain KPIs!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. Supply Chain KPIs article and permission to publish here provided by Harkirat Ahluwalia. In supply chain, oftentimes when you focus your efforts on one part of your supply chain, another part of it could suffer.

Clouds are Gathering for an Open Platform for Supply Chain

ToolsGroup

If this challenging past year has taught us one thing, it is the value of connections–not only in our lives, but in supply chains. How supply chain disconnections disrupt service. 2030 vision: End-to-End supply chains that serve customers.

Your Supply Chain Applications Can’t Handle Disruption

Logistics Viewpoints

COVID-19 catalyzed rapidly shifting commerce models that were reshaping how goods and services were procured and delivered. The post Your Supply Chain Applications Can’t Handle Disruption appeared first on Logistics Viewpoints.

Supply Chain Management in a Post-pandemic World

Enterra Insights

”[2] It’s a question with which supply chain professionals have been wrestling for months. Bowman seems to think supply chain professionals should have been better prepared. ” The value of supply chain management.

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. 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.

Supply Chain Sustainability: If a leopard can’t change its spots, can supply chains ever be sustainable?

All Things Supply Chain

Would they even want to change them… General Supply Chain Management Supply Chain Sustainability logistics procurement production supply chain management supply chain sustainability

Supply Chains and the Circular Economy, Part 2

Enterra Insights

They explain, “It is widely accepted by now that the ‘normal’ supply chains of material use — producing materials, using them, and then discarding them into landfills, other countries, or rivers and seas — are wasteful and damaging to the environment. ”[1] They conclude, however, “Despite the interest, we are a long way from achieving anything like circular supply chains.” The Way Ahead for the Circular Supply Chain.

Avoiding Stagnation: How Ratioform Stays Agile with Supply Chain Automation

ToolsGroup

Mathias is a supply chain expert with significant experience in industrial engineering, logistics, inventory management and procurement at such companies as Amazon, Infineon, Tech Data and of course, Ratioform, where he started as the Head of Procurement in 2018 and is now the Director of Operations.

Digital Transformation Journey in Supply Chain Planning

Logistics Viewpoints

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. .

The 2021 Hurricane Season Will Impact Supply Chains

Enterra Insights

” Because the number and severity of destructive storms appears to be on the rise, supply chains need to ensure they are prepared to mitigate the negative consequences of storm-related disruptions.

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

GlobalTranz

Understanding how different factors affect the supply chain remains a top priority for research firms around the globe. From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The State of Supply Chain 2016 Trends. Additionally, the push toward creating a self-sufficient AI is growing stronger among supply chain professionals.

Lean 183

A Quick Guide to Roles in Procurement

Logistics Bureau

For small companies, it is usually enough to have one person dealing with procurement but in large enterprises teams of people are needed, all with specific roles to play. The Finance Manager , on the other hand, controls the financial input and output of the procurement division.

The difference between supply chain and logistics explained

Unleashed

We live in a global economy and that has made the supply chain all the more important – these days partner companies could be anywhere in the world, facing any number of challenges. The difference between supply chain and logistics. What is the supply chain?

The UNICEF Supply Chain

SCM Research

Last week, I visited UNICEF’s Supply and Logistics headquarters in Copenhagen, together with my International Logistics Management students from Copenhagen Business School. I was very impressed by interesting presentations about UNICEF’s supply chain and the processes of their almost fully automated warehouse. Practice Humanitarian Logistics Logistics Procurement Supply Chain Management

The Difference Between Logistics and Supply Chain Management

My Office Apps

The Difference Between Logistics and Supply Chain Management. Most people assume that logistics and Supply Chain Management (SCM) refer to the same process. What is Logistics? What is Supply Chain Management?

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

GlobalTranz

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

A True Supply Chain Transformation Requires the Proper Talent

Logistics Viewpoints

Belcorp’s Maturity in Supply Chain Design. Belcorp Corporation has actively worked to be a leader in ensuring that their people can effectively use a complex type of software known as supply chain design. Logistics can be a challenge.

Supply Chain: The True Game of Risk

Supply Chain Shaman

For the supply chain leader it is not a game… The stake is business continuity. Gamers do well in the world of supply chain. Designing value networks and managing what-if conditions is fundamental to managing supply chain risks. The move from global to regional supply chains increased risks. Geopolitical shifts, economic uncertainty and demand/supply volatility are rising. In my life time, supply chains changed.

Top 6 Predictions for Supply Chain Planning in 2021 and Beyond

ToolsGroup

Over the year, COVID-19 introduced even greater complexity into the already difficult work of supply chain planning–and changed supply chain from a practitioner-focused topic to everyday dinner table conversation. Digital supply chain transformation will accelerate.

Pursuing a Career in Logistics and Supply Chain

Logistics Bureau

The truth be told, the supply chain management profession is extremely broad and the range of jobs in the industry is vast. Supply Chain Planner: A manager whose main responsibility is to analyse a company’s supply chain performance. Logistics Manager.

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

GlobalTranz

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.

A World in Flux: Global Supply Chain Predictions for 2021

ToolsGroup

In episode seven of Be Ready for Anything, industry insider Bob Ferrari discusses the pivotal factors affecting global supply chain revitalization in the coming year. And now, as we all look back, there was a remarkable performance by all industry global supply chain teams.

Supply Chain Talent Matters More than Ever

Logistics Viewpoints

According to one survey , only 27% of leaders believe that they have the talent needed to meet current supply chain performance requirements. What should supply chain leaders be looking for to close the talent gap? Mr. Stevens talked about their supply chain initiative.