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John is CEO of FreightPath, an innovative talent firm that offers both a comprehensive learning management system and a direct candidate sourcing solution. FreightPath addresses multiple industry challenges by offering both a comprehensive learning management system and a direct candidate sourcing solution.
About Alexis Mizell-Pleasant Alexis Mizell-Pleasant is Managing Editor at Food Logistics and Supply & Demand Chain Executive magazines where she is responsible for writing, editing, managing the awards programs, overseeing social media, moderating webinars, managing client relationships and more.
In Part One of the series , Michael observed that standard sourcing solutions struggle in efforts to support direct materials sourcing because of specific challenges in the software design and why. Much of this has to do with needs for deep integration and two way flow of data streams.
Procurement, activities such as strategic sourcing, are one of the main processes in the supply chains that can generate a positive impact on companies by giving them a competitive advantage in the market. Strategic sourcing can help supply chain leaders identify potential risk factors and develop procurement mitigation plans.
The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.
Source: IDC FutureScape: Worldwide Supply Chain 2022 Predictions — APEJ Implications. Tender documents and responsible source guidance are requiring suppliers to show evidence of their actions to support ESG initiatives, as well as the actions of their suppliers. LogiSYM Supply Chain Magazine – April 2022.
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. Increasingly, as we work with procurement folks at these companies, we are hearing that technology for better communication and to create more efficiency.
They explain, “Rising tariffs, export restrictions and a lack of supplier diversity are making rare metals more expensive and difficult to procure. Chinas dominance in rare metal exports poses a significant challenge for companies seeking alternative sources.” ” Reputational risk. ” Value at Risk.
Travin Singh (creator behind Crust Brewing) realised that if he could find bakery partners, he basically had access to a cheap local source of beer making raw materials. The circular economy is a cost saver and generally has less carbon emissions, because raw materials are sourced locally and therefore with less transportation.
Ensuring that any approach is fully compliant in order to avoid having to relocate production or supply sources often takes up a lot of internal resources. Joint tariff payment is a better strategy for both partners when compared with looking for a totally new supplier or sourcing from a different country altogether.
Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.
Managers must understand the digital evolution in the supply chain and respond in kind, explains Forbes magazine , with integrated planning and execution systems, automated systems, smart warehousing and procurement practices and much more. Managers Automate Processes to Respond to the Digital Supply Chain.
Inbound Logistics is the pioneering magazine empowering demand-driven enterprises. Inbound Logistics is proud to honor ToolsGroup for continuing to offer readers solutions that optimize logistics and supply chain excellence and drive enterprise performance. We are proud to be one of the top 100 again for 2023! Access the report here.
Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. These activities involve numerous stakeholders, such as suppliers, manufacturers, distributors, and retailers.
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. Why Is Technology Driving Procurement Trends and the Role of Procurement?
From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.
Most of the shippers procure their transport through long-term contracts with selected carriers. Thus, freight buyers need to do more to integrate decarbonization into their procurement practices. The Smart Freight Procurement Guidelines published by SFC provide shippers with a useful roadmap for achieving this. Green Skies?
It is clear that complex, manual payment processes are critical sources of costly mistakes and over billing. Critical supply chain information enables analysis and insight to help forecasting, pricing, procurement, sourcing, and supply chain optimisation. LogiSYM Supply Chain Magazine – November 2021. Lack of trust.
After the event DGrade met with the Yas Marina Circuit procurement team to address a sustainable alternative for their staff uniform requirements. LogiSYM Supply Chain Magazine – August 2021. Closing the loop with Sustainable Products. Deploys AWS IOT for Supply Chain Tracking.
It has overcome an early identity crisis and proved itself as a powerful enterprise planning tool , helping companies meld financial, sales, production, procurement and marketing information into a single plan, grounded in reality. Be prepared to work hard developing a single source of truth. What Does IBP offer? 3) No Clear Goals.
In order to achieve this target, CEVA Logistics is incorporating environmental considerations in a variety of areas of operations, from warehousing to transportation and procurement. LogiSYM Supply Chain Magazine – September 2021. Photo Credit: United Airlines. million gallons of SAF this year. MORE FROM THIS EDITION.
The leading IT magazine, CIO Review, today published a special issue on supply chain transformation, and included an article I wrote on spend management as a core capability. This is an important input into strategic sourcing).
By enabling customer access to supplier information, including sourcing of materials, as well as environmental performance data, all parties in the supply chain, can be made more accountable. LogiSYM Supply Chain Magazine – September 2021. This provides customers, partners and suppliers alike, access to information in real-time.
Based in the USA and later North Asia, I specialized in “Supply Chain Solutions” for North American / European Corporations with Asia Pacific manufacturing/sourcing operations”. “My LogiSYM Supply Chain Magazine – October 2021. LogiSYM Supply Chain Magazine – September 2021. Prior to that, I was with TNT for 6 years.
This has proved to be a major source of risk. Poor business continuity planning, lack of risk management programs and single source suppliers, have magnified the impact of such risks. A significant paradigm shift in procurement and inventory control is an emerging area of focus.
Global Supply Chain & Sourcing Director for ECCO Global Shoe Production & Sourcing. My projects in Malaysia, Philippines, China, Indonesia and eventually Vietnam, ranged from customer service and order fulfillment, shop-floor planning, inventory management, import/export and procurement.
BOSTON, March 17, 2021 – ToolsGroup, a global leader in supply chain planning software, is proud to announce that ToolsGroup Director of Professional Services for Europe, Michael Haiber, and Vice President of Professional Services, Stefano Novati, were both named 2021 “Pros to Know” by Supply & Demand Chain Executive magazine.
Based on our experience working with procurement pros all over the world, we’ve put together seven strategies for getting the most out of your supplier relationships and strengthening the resilience of your supply chain. Procurement leaders say that when tackling a disruption, relationships with suppliers are what really make the difference.
In essence, a lot of logistics planning boils down to finding the quickest possible route between various points of delivery before returning back to the source. Aside from route planning and optimisation, some other avenues worth exploring include: Sustainable Sourcing of Goods. LogiSYM Supply Chain Magazine – September 2022.
The mind-set challenge for all businesses today is to recognize the following: That commuter and business travel miles are a significant source of planet damaging green house gas emissions. There are work life balance advantages to working remotely.
For example, the following five pieces of advice, which were highlighted by a 2012 Entrepreneur Magazine article and are every bit as relevant today, can be applied by any enterprise with an outbound supply chain serving online shoppers. There is also the question of ethical procurement and purchasing to consider.
Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.
Sustainable public procurement can also be beneficial from the economic perspective: It can generate income, reduce costs and promote innovation among domestic producers. National Procurement Standards. The commitment to sustainable procurement extends to ensuring suppliers follow sustainable practices. In the U.K.
Improving on their marketing and procurement skills would help them achieve such aspirations. The group advocates a proactive and enhanced approach to Logistics procurement. They just need to reach out and find new avenues & sources of support. The Shippers Council has a broad collective group of expertise in its membership.
In 2023—if it wasn’t already—geopolitics became top of mind for every procurement professional. This year, managers and procurement professionals must stay incredibly diligent when it comes to the latest news. This includes at least 64 countries, representing almost 50% of the global population ( Time Magazine.)
So I went straight to the source and asked consultants, trade reporters, Wall Street Journal reporters and others, what their go-to logistics and supply chain sources were. is one of the industry’s most respected logistics sources. The magazine and site focus on logistics services, technology and equipment.
In other words, halal requires an organisation of the supply chain instead of just the factory: from source all the way up to point of consumer purchase. This has implications for raw materials, ingredients, primary packaging, intermediate goods as well as end-product goods flows.
These women are amazing in so many ways,” says Marina Mayer, editor-in-chief of Supply & Demand Chain Executive and Food Logistics magazines. Storer is responsible for Berlin Packaging’s North American-based Demand Planning, Supply Planning, and Strategic Sourcing functions. About Supply & Demand Chain Executive.
The Altasian Option The Economist magazine in its February 25 th 2023 edition featured a report titled: The Altasian Option- Can Asia’s alternative supply chain steal China’s thunder? based Qualcomm ’s revenues from Vietnamese sourced chip facilities many of which supply other high tech firms such as Samsung, tripled between 2020 and 2022.
Sourcing, manufacturing and consumption models will continue to evolve and the supply chain industry is positioned as a strategic partner to support companies in rationalising future decisions. Today, a dominance of production and sourcing is considered far-sourcing, driven by attractive labour rates in Asia.
Companies emphasized offshore sourcing, single suppliers, and centralized warehousing to optimize their operations. To enhance resilience, supply chain strategies have shifted from cost-saving to redundancy by engaging multiple suppliers, particularly from local or nearshore sources, to mitigate supply disruptions.
In his recent Supply Chain Digital Magazine article, Future-proof your supply chain to 2025 and beyond , Brent posits seven ways shippers can make decisions now to improve operational efficiency in the next couple of years. For example, 38% of organizations use manual procurement processes to communicate with supply chain partners.
There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. Decisions are taken within organisations, for example, by a procurement team, that affect ongoing compliance with FTA rules. MORE FROM THIS EDITION.
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