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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. As a strategic process, transportation procurement may still seem very tedious and challenging.

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Managing Logistics for The World’s Largest Company with Gary Sostack

The Logistics of Logistics

I grew up in New York and graduated from the New York Institute of Technology. Then, we buy and ship it to get oil out of the ground. The company searched for smart people who understand what the next new technology will be. I was involved with the procurement of equipment and materials.

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2022: A Look in the Rearview Mirror–Part I

American Global Logistics

Likewise, ships could not sail into or out of Russia and Ukraine. This was evident with the creation of a new report from the New York Federal Reserve. This metric, referred to as a “Frankenstat” due to its grand scope, has many critics. Cargo planes could not fly out of or into Russia or Ukraine.

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Reports of Easing Global Supply Chain Volatility in July

Supply Chain Matters

According to the July 2022 Global Supply Chain Pressure Index (GSPI) , compiled and published by the Federal Reserve Bank of New York , overall pressures reportedly declined once again in July. Warehousing and Inventory metrics continue to buoy the logistics sector. Global Supply Chain Pressure Index.

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How To Manage A Lean Supply Chain

ShipBob

To make their supply chains more lean, retailers can explore different supply chain optimization techniques throughout procurement, production, and distribution, or outsource supply chain management to a 3PL. As long as you are tracking the right metrics, data reveals where you can eliminate waste within your supply chain.

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Your Expert Guide to Inventory Audits: Best Practices & Tips 

ShipBob

Cutoff analysis Cutoff analysis is when you pause operations such as receiving and shipping at the time of the physical count to ensure nothing is being handled and goes unaccounted for. This helps you understand trends so you can be better informed during inventory procurement and when you’re forecasting demand.

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100+ Supply Chain Crisis Statistics: Raw Materials, Covid-19, Labor Shortages, and More

ToolsGroup

Increased Shipping Costs, Delays, and Transportation Issues. Dealing with the Shipping Container Crisis. Following a March 2022 surge of Covid-19 in Shanghai, shipping company A.P. Within a week of Russian troops crossing into Ukraine, the benchmark for thermal coal prices reached a record high of $446 per metric ton.