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

Improving on Strategic Sourcing

Logistics Viewpoints

These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity. Procurement/Sourcing Transportation Management Systems transportation management system transportation sourcing

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Build Supply Chain Resilience with a Diverse Sourcing Strategy 

Logility

Developing Diverse, Resilient Sourcing Strateg ies. Once a responsible sourcing network is established, you can then include product and supply chain strategies to design the supply chain network,” suggests Balte.

The Role of Data in Sourcing Success

LevaData

It's difficult to source and buy direct materials at scale. Data is available now, more than ever, to considerably widen sourcing's remit, bringing in these under-addressed purchased items and hazards. The post The Role of Data in Sourcing Success appeared first on LevaData.

Point-of-Danger ICE Raids and Audits

Speaker: Max Muller, Attorney and Author

Supply chain managers should constantly be on guard against forces that could cause a significant point-of-failure in or to their supply chains. The sudden loss of a workforce is an evolving danger to those who provide raw materials, subassemblies, finished goods, and/or necessary services to supply chains; and to entities requiring those items or services. Join Max Muller for this timely, fast-paced and guidance rich webinar that will educate you on the specific steps involved in undertaking your own internal audit, as well as providing you with guidance on what your major and/or sole source suppliers should do as well.

Global Brewer Taps Chainalytics to Optimise Transport Logistics Procurement

CHAINalytics

The beer giant partnered with Chainalytics to harmonise its worldwide logistics sourcing efforts. Because of stellar international growth, one of the world’s largest brewers was working with a complex and costly procurement process that begged for serious efficiency improvements.

The 2022 Labor Shortage: 4 Concrete Tactics to Combat Employee Turnover and Source Staff

ToolsGroup

Source: Fortune. #3: Source: Fortune. It can take a lot of time and manpower to battle suspended logistical operations, inventory shortages, and fluctuating demand. The dreaded labor shortage.

Demystifying Transportation Sourcing – A Practitioner’s View

EC Sourcing Group

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.

Third-Party Logistics Services & 3PLs Explained

GlobalTranz

Many shippers have realized that working with a third-party logistics provider (3PL) leads to more efficiencies and cost savings. There are a variety of third-party logistics services available, making it particularly important to choose the right one. Project Logistics.

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. Subscribe Here!

The Digital Logistics Provider: Delivering a New Level of Service in the Age of IoT

In response to the growing complexity of the modern global supply chain, logistics service providers are embracing digital supply chain solutions powered by new IoT tracking technologies and data analytics.

The Role of Data in Sourcing Success

LevaData

It's difficult to source and buy direct materials at scale. Data is available now, more than ever, to considerably widen sourcing's remit, bringing in these under-addressed purchased items and hazards. The post The Role of Data in Sourcing Success appeared first on LevaData.

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. I asked Kevin O’Meara that question last week on Talking Logistics. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing.

Demystifying Transportation Sourcing – A Practitioner’s View

EC Sourcing Group

Demystifying Transportation Sourcing. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. Applying sound sourcing principles will enable you to unlock value.

Make Better Logistics Sourcing Decisions with Data-Driven Optimization

Talking Logistics

Over the past few years, as supply chains have grown in scale and complexity, so has the logistics sourcing process. Mature sourcing organizations, which have been doing traditional sourcing and category management, are starting to plateau in terms of savings and impact to their organizations, yet each year are faced with increasing savings mandates and pressure to improve performance. Upcoming Episodes Elemica Kris Beck logistics outsourcing

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. What is the appropriate sourcing strategy going forward? Geographic Sourcing History. Components and raw materials were generally sourced from low cost geographies.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing?

FAQ: Third-Party Logistics Services & 3PLs

GlobalTranz

FAQ: Third-Party Logistics Services & 3PLs. What role do 3PLs play in the greater logistics industry? Logistics and transportation operations are an essential part of the supply chain process. What logistics services and modes do 3PLs offer?

How Can Hospitals Benefit from Using e-Sourcing Software?

ProcurePort

Hospitals need to pay attention to regulations, prices, logistics, and other variables in their procurement processes. The number of items and services that need sourcing are many too. The post How Can Hospitals Benefit from Using e-Sourcing Software? e-Sourcing Software

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. These are the must-haves for any effective freight sourcing team. Subscribe Here! Email Address.

Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Editor’s Note: Our “ Research in Focus ” series highlights research conducted by select partners on timely and important trends impacting supply chain and logistics professionals today. Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing decisions can complicate or simplify this process.

Breaking: Illinois tanker company calls it quits, sources say

The Supply Chain Journal

After 41 years, a family-owned dry and liquid bulk trucking company ceased operations as of midnight Tuesday, sources familiar with the matter told FreightWaves. Dillon Logistics Inc.,

LaserShip names Mike Roth, top Amazon logistics executive, interim CEO: Source

The Supply Chain Journal

However, one of the sources said it’s likely that they will be filled in some way and that a national network will emerge. News Parcel Top Stories AFS Logistics FedEx LaserShip LSO OnTrac Shipium Transportation Insight UPS

Most Popular Logistics Stories from 2021

Logistics Viewpoints

So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2021 and see what our readers found to be the most interesting. It was good mix of topics and authors, including a good number from our Logistics Viewpoints sponsors.

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.

Logistics Industry Outlook with John Larkin

The Logistics of Logistics

Logistics Industry Outlook with John Larkin. John Larkin and Joe Lynch discuss the logistics industry outlook. His mission is to help craft the firm’s growth strategy while assisting with deal sourcing, capital raising, and the creation of value within portfolio companies.

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

Logistics Viewpoints

And now on to this week’s logistics news. The company has faced sourcing constraints as a result of the war in Ukraine, causing the company to rely on second sourcing capabilities for its mustard procurement. logistics news Logistics News

Sourcing Strategy: Effective vs Efficient with Ron Crabtree

The Logistics of Logistics

Sourcing Strategy: Effective vs Efficient with Ron Crabtree. Joe Lynch and Ron Crabtree discuss sourcing strategy: effective vs efficient. Key Takeaways – Sourcing Strategy: Effective vs Efficient. Single sourcing to drive price and increase influence (to a point).

This Week in Logistics News (April 16 – 22)

Logistics Viewpoints

And now on to this week’s logistics news. A pair of tech providers within the warehouse automation space, Louisville, Kentucky-based MHS Global and Atlanta-based Fortna , are combining to form a new multinational logistics provider, the companies announced this week.

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. Sourcing. Strategic Sourcing Manager. Logistics Manager. Reverse Logistics Manager.

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.

Ethical sourcing risks pose challenge to electric vehicle market

Resilinc

WSJ Logistics Report Editor Paul Page heralded the announcement as a bellwether, noting that Toyota had “been the last voice of caution about electric vehicles among the world’s top auto makers.”.

Urgent – The Ukraine Logistics Coalition with Ben Gordon

The Logistics of Logistics

Urgent – The Ukraine Logistics Coalition with Ben Gordon. People who work in logistics and supply chain are in a unique position to help the people of the Ukraine. Prior to 3PLex, Benjamin advised transportation and logistics clients at Mercer Management Consulting.

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. 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.

Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming the supply chain and logistics processes of retailers, especially their transportation processes. But many retailers are jumping in without a plan — that is, they are taking a short-term, siloed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. How does omni-channel impact transportation sourcing? Live Episode: Tuesday, January 20, 2015 at 12:00 ET.