What are the Key Components of Successful Supplier Management?

HICX Solutions

Here at HICX we are championing the importance and value of evolved supplier management. Evolved supplier management focuses on moving beyond mere strategic sourcing and category management, and instead encouraging organisations to think differently about how they work with their suppliers. In this blog we take a look at the key components of supplier management , starting with… 1. Supplier Innovation.

The Importance of Using Supply Chain Management Software in Procurement

EC Sourcing Group

The importance of using supply chain management software is notable because of the importance of the supply chain itself. Read on to learn more about types of supply chain management software and how to pick the best type for your company’s needs. . Contract management.

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Third Party Logistics Services

LeanCor

The process of getting the right product to the right customer at the right time is the job of effective logistics. Every company that produces a product for consumers or other businesses must deal with the issue of the supply chain, or logistics. Over the past few decades, energy and other costs have combined to make logistics a major cost for many companies. Logistics is a multi-billion dollar business that requires a new level of discipline and attention.

What Makes a Supplier “Strategic”? Not Spend Volume.

Jaggaer

The recent disruptions to supply chains caused by the coronavirus epidemic in China have given supply managers the world over pause for thought. Leverage your supplier management for maximum benefit with the white paper: How to Achieve Holistic Supplier Management. Strategic Supplier Management. Supplier ecosystems are increasingly diverse. Strategizing for a diverse range of suppliers. Holistic Supplier Management.

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51st Symposium Purchasing and Logistics

Supply Chain Movement

51st Symposium Purchasing and Logistics. en/all-events/51st-symposium-purchasing-and-logistics/. Supplier management: enforcing collaborative solutions. Benefit from the 51 st Symposium Purchasing and Logistics and learn how to turn exclusive insights into successful actions. Europe’s biggest congress for procurement, logistics and supply chain professionals awaits you. Date: 9 – 11 November 2016. Venue: InterContinental Berlin, Germany.

3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena

The Logistics of Logistics

3PL Basics: An Introduction to 3rd Party Logistics with Roberto Cadena. Robert Cadena and Joe Lynch provide an introduction to 3rd party logistics. 3rd party logistics services include 5 major categories: 1.) Logistics 4.) based transportation and logistics providers.

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Corporate Sustainability: Why Procurement Should Pave the Way

Jaggaer

In it, they redefined the role of business away from simply supporting shareholders, instead stating that a company has an obligation to “protect the environment,” and “deal fairly and ethically with suppliers. ” This shift is just one indication that businesses are increasing emphasis on corporate sustainability amid social and market pressures. Get the details on building sustainable supplier relationships. First and foremost, communication with your suppliers is key.

Why An Holistic Approach to Suppliers? Your Questions Answered

Jaggaer

Last week, Director of Product Management Georg Rösch hosted a webinar that asked the question, “Why is it important to take a holistic approach to supplier management?” His 45-minute presentation outlined the crucial functions of a supplier management approach and the advantages of managing suppliers well which generated a few insightful questions from our audience. . Logistics data. The post Why An Holistic Approach to Suppliers?

Business growth through supply chain management

Supply Chain Movement

Analyst Michael Burkett mentioned Starbucks’ Frappuccino iced coffee as a good example; it was launched successfully despite the logistics problems resulting from the volcanic eruption in Iceland plus the huge demand for the product due to the heatwave in the US at that time. Reimagining how the supply chain can drive business growth. That was the theme of consultancy company Gartner’s annual Supply Chain Executive Conference held in London, UK, in late September.

Marion Kohlmeier: ‘Expansion in our global footprint has been a big step’

Supply Chain Movement

Weidmann Plastics Technology is part of the Techniplas Group and I am responsible for three teams: Logistics planning; pre-series scheduling; and project purchasing. Our logistics planning team consists of four people and is responsible for creating a supply chain concept for our new products. We also negotiate and develop packaging concepts together with our customers and suppliers. We have about 60 strategic/A suppliers and in total about 800 suppliers.

Critical Questions to Analyze Total Cost in Your Inbound Logistics Strategy

LeanCor

The concept of total cost has been around for several decades, but receives little attention from most inbound logistics strategies. While many companies are turning attention to supply chain management, too often they are leaving their own houses in disarray by not properly organizing the work of inbound logistics. A typical inbound logistics process will have the following activities and cost drivers: Parts ordering and supplier management.

How To Save Money With Supplier Information Management

HICX Solutions

There’s no doubt that good management of supplier information can result in increased productivity and improved profitability. The discussion around the effect of reduced supply chain costs on profits and where money can be saved due to supplier information management (SIM) is, therefore, naturally a hot topic. How you can improve efficiency with supplier information management. Calling suppliers due to missing email addresses/phone numbers.

How Europe is Coping with Supply Chain Disruption

Jaggaer

This in turn could put logistics under pressure at companies like Amazon. “It’s good to hear that suppliers filing for bankruptcy is not one of the most common impacts you’re seeing right now.” That said, the flexibility of the logistics industry has been one of the positives during the COVID-19 crisis. The broader issue is that border controls and travel bans limit the ability of supply managers to identify and qualify new suppliers.

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. Luckily, the current movers and shakers of the logistics and supply chain world are all too happy to dole out sage advice in the form of blog posts, interviews, podcasts — you name it. Logistics strategies for streamlined fulfillment. Logistics personnel and supplier management pointers.

KPI Key Performance Indicators in Supply Chain & Logistics

Logistics Bureau

Many people get really confused about KPIs or Key Performance Indicators in Logistics and Supply Chain operations. Cost as a percentage of sales (Logistics or Supply Chain). Inventory management. Purchasing and supplier management. Total logistics cost. Here at Logistics Bureau we have 20 years of experience in assisting clients with Supply Chain Benchmarking, and the development of suitable KPIs. For the right level of management.

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XPO Logistics (XPO) to Acquire Con-way (CNW)

Supply Chain Network

– September 9, 2015 – XPO Logistics, Inc. (“XPO Logistics” or “XPO”) (NYSE: XPO) and Con-way Inc. (“Con-way”) (NYSE: CNW) today announced that they have entered into a definitive agreement for XPO Logistics to acquire Con-way. XPO will also capitalize on synergies from the combination with Con-way’s managed transportation, truckload and freight brokerage businesses. About XPO Logistics, Inc. GREENWICH, Conn.

Smart Logistics Data: The intelligent supply chain

SupplyOn

Smart Logistics Data enables a change of perspective to look ahead instead of backwards A supply chain has to be agile, robust and resilient. Some data are to be in the area of supplier management, some are in supply chain management and some in transport management. Starting with the order itself: some suppliers don’t even confirm it, while others do so with completely different order quantities or delivery dates.

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Omni-channel Emerging as Top Retail Logistics Issue

Supply Chain Network

Last year in Florida at RILA Logistics 2013, the topic of multi-channel was discussed with 5 related presentations delivered where the challenges of the coming omni-channel revolution were laid down. So why am I suggesting that Omni-channel is now emerging to be the top retail logistics challenge being faced today by retailers? Speaker(s): Bill Coxwell, Director, Logistics, VF Corporation. Tom Boike, Vice President, Supplier Management, UPS.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

What is Supply Chain Management (SCM)? As such it was many years before I actually heard of the term “Supply Chain Management” Regardless I pursued my interests and took on an increasingly diverse set of progressive jobs as time went on. Now as I look back on my career virtually everything I did falls under the banner of Supply Chain management. Some people are motivated by opportunities to manage, lead and get promoted. Subscribe Here! Email Address.

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Why Large Companies Increasingly Opt for 4PL Services

Logistics Bureau

SUMMARY: Because 4PL providers handle a company’s entire chain, including challenges that are thrown up by advances in technology, they are increasingly being favoured over third-party logistics (3PL) providers, especially by big companies with complex supply chains. Healthcare Logistics.

Reconfiguring the Automotive Post Pandemic Supply Chain

Logistics Trends and Insights

From a supply chain perspective, obtaining parts and other components will be tricky particularly from suppliers further down the supply chain. Tier one suppliers may be ok but there may be more intense financial problems for the smaller ones and thus may lack the resources to re-start operations. CEVA Logistics AG was appointed by General Motors, to manage its ventilator production supply chain.

Chuck Intrieri Executive Profile

The Logistics of Logistics

Experienced logistics and supply chain consultant, Chuck Intrieri is a new contributor to TheLogisticsofLogistics.com. Chuck Intrieri is currently a operations and management consultant focused on third party logistics (3PL) management. Chuck has been a sought after speaker (Purchasing Management Association and the University of Wisconsin-Madison, trainer, and has been published in professional journals and general publications.

Top Logistics Terminology

3PL Insights

There’s a lot of terminology thrown around in the warehouse and beyond—in transportation, fulfillment, value added, and other logistics services. It’s recommended to study these terms to make day-to-day life in the logistics industry a little easier. If you’ve ever wanted to brush up on your logistics terminology, the following are ten essential terms that you need to know while working in logistics. Pallets, hi-los, bar codes, and carriers.

What are the best Supply Chain Strategies for 2021

ivalua

Supply Chain Risk Management on the World Stage – Lessons Learned. Efficiency concepts like using lean initiatives and just-in-time delivery to manage inventory have become commonplace for many years and have made individuals like Deming household names in many business schools.

What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Check out What Exactly Is Reverse Logistics? When I began my career there was no such thing as “Supply Chain Management” Supply Chain was not a title to be found anywhere on any organization chart. Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. The post What Exactly Is Supply Chain Management?

Do You Have Hidden Freight Costs?

Supply Chain Game Changer

Having come from a company wherein we were selling Freight management services I was curious about Freight spend at this new company. The reality is that there are freight and logistics costs in every step of the Supply Chain. He had reached an arrangement with a Far East supplier whereby all of his freight costs were included in the bottom line price he was charged. He didn’t have to negotiate with carriers and manage the entire shipping process.

What are the main 3PL Services?

The Logistics of Logistics

King famously said “I don’t know what the hell this “logistics” is that Marshall is always talking about, but I want some of it.”. Since he was an admiral, I am pretty sure somebody got Mr. King some logistics. Admiral King was no doubt surrounded by logistics activities and logisticians. He just didn’t know which functions were actually considered logistics. What is considered logistics vs what is considered supply chain? Logistics Services.

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Insights from Ryder Innovate 2014

Talking Logistics

I have long argued that third party logistics providers (3PLs) should set themselves apart from the competition by fully harnessing the power and value of their customer and employee communities. Jason Mathers, Senior Manager, Environmental Defense Fund. Sustainability and Green Initiatives in Transportation and Logistics. Source: “Sustainability and Green Initiatives in Transportation & Logistics,” Jason Mathers, EDF, Ryder Innovate 2014.

Why Retailers are Trusting EV Cargo Technology to Manage their End-to-end Supply Chain Processes

EV Cargo Technology

As supply chains are becoming increasingly more complex and people are moving away from a silo-mentality to a coordinated and united approach, many of the world’s best known retailers are trusting EV Cargo Technology to manage their end-to-end supply chain processes from ‘Concept to Cash’. Find out how EV Cargo Technology can transform the visibility, transparency, efficiency and supplier management across your business.

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Do you have a Freight Management Strategy or are you Spinning your Wheels?

Supply Chain Game Changer

Check out Why don’t you have a TMS (Transportation Management System) Solution yet? In going door to door trying to sell a Freight Management service, as well as in my experience working in companies, I have had the opportunity to see a variety of ways in which companies, large and small, were managing their Freight and Logistics spend. Yet it is managed by one or two people, with no support, and no visibility from upper management.

The Supply Chain Detective™ and the Distribution Centre Disaster!

Supply Chain Game Changer

Sure there were hundreds of thousands of different books but from a logistics standpoint there was a well understood way of handling them. They were received mostly from local suppliers. Much of the product was sourced from vendors all over the world, most significantly from Asia, where the company had absolutely zero experience in sourcing, supplier management, or logistics. The Distribution Centre management team was equally confident. Subscribe Here!

The Supply Chain Detective™ and the Distribution Center Disaster!

Supply Chain Game Changer

Sure there were hundreds of thousands of different books but from a logistics standpoint there was a well understood way of handling them. They were received mostly from local suppliers. Much of the product was sourced from vendors all over the world, most significantly from Asia, where the company had absolutely zero experience in sourcing, supplier management, or logistics. The Distribution Centre management team was equally confident. Subscribe Here!

Seven Supply Chain Processes To Stop Doing In The Pandemic

Supply Chain Shaman

I have also written about the need for supplier development programs and building robust supply chain capabilities in value networks. (I The third process to s top is the use of Syndicated Data in consumer products for revenue management. While syndicated data will still be useful in evaluating market share, the use of syndicated data for revenue management and trade promotion management is not relevant. Logistics is a constraint and is unpredictable.

Managing Suppliers Doesn’t Have to Be a Monumental (IT or Administrative) Task

OneSCM

If you want to minimize supplier risk and maximize end-to-end supply chain efficiencies, you must first understand how to make the right technology connections. When you think about supplier relationship management, do you think about how many phone calls, emails or other “communications” it takes to coordinate every last transaction to a tee? This process can take from weeks to months—just for one supplier. As your supplier pool grows, so does the burden on IT.

What are the main 3PL Services?

The Logistics of Logistics

King famously said “I don’t know what the hell this “logistics” is that Marshall is always talking about, but I want some of it.”. Since he was an admiral, I am pretty sure somebody got Mr. King some logistics. Admiral King was no doubt surrounded by logistics activities and logisticians. He just didn’t know which functions were actually considered logistics. What is considered logistics vs what is considered supply chain? Logistics Services.

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