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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. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

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. But what are some of the unintended consequences retailers are experiencing by jumping in without a plan?

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Understanding Supply Chain Management

SupplyPike

Supply Chain Management (SCM) is a systematic and controlled procurement operation. Procurement usually comprises a diverse range of suppliers chosen according to a conceived ability to supply merchandise at the right price. These activities can involve storage and transport of inventory or supplies, monitoring of day-to-day activities, the preparation behind these processes, and blending these different components throughout the supply chain. Learn about.

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Which Metrics Matter? Interview with Philippe Lambotte

Supply Chain Shaman

My journey to understand supply chain Metrics That Matter started three years ago. We are currently mapping the progress of all public manufacturing, distribution and retail companies on three factors: Strength: Year-over-year improvement on operating margin and inventory turns for the past six years. Balance: The ability to balance a portfolio of metrics to maximize market capitalization and free cash flow. How do you balance metrics ? .

The Top 10 Transportation Management Systems

The Logistics of Logistics

The Top 10 Transportation Management Systems. Each year as businesses of every size and industry fight to broaden market share the same old questions haunt the boardrooms, “How can we reduce transportation costs? The answer almost always requires close scrutiny of a companies supply chain infrastructure and the status of its Transportation Management System (TMS). Transportation Management Systems. JDA Transportation Manager.

Omnichannel Retail Requires Close Collaboration with Logistics Providers

Enterra Insights

The next time you feel the need to toast someone, raise your glass to all the supply chain professionals involved in omnichannel retail operations. John McAteer, Vice President of Sales, Retail, and Technology at Google, writes, “In retail, there’s no space for standing still. Empowered by mobile, people can get exactly what they want instantly and effortlessly, and they expect retailers to meet their needs faster than ever before.”[1] Finding the Right Transportation.

Spot Tendering: Are You Prepared for Capacity Shortfalls in Your Transportation Operation?

Supply Chain Nation

For example, major retailers have recently started to secure large amounts of capacity to ensure they can deliver goods from mid-November through Christmas. These capacity crunches, at times, force carriers not to adhere to capacity commitments with customers, resulting in companies having to go out into the market to find alternate transportation options. This typically corresponds with a more expensive transportation choice in an expedited manner.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Most definitions of disintermediation characterize it as the elimination of intermediaries, or “ cutting out the middleman “ Further consider that the “Wastes” associated with Lean thinking and principles include transportation, inventory, over production and motion amongst others. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste!

Moving Up The Corporate Ladder, Does Your Freight Spend Have A Seat At The Table?

4WL Consulting

The previous decade has seen many companies, mainly those handling manufacturing operations, change how sourcing of direct materials is executed – from an administrative function to a somewhat strategic procurement approach that has seen the creation of a new position “the Chief Procurement Officer.” ” Similar transformational patterns have also been seen in the transportation industry. Blog Logistics Outsourcing Transportation Spend Uncategorized

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Supply Chain Collaboration – The New Way to Drive Value!

Supply Chain Game Changer

With pricing under pressure from recession-scarred consumers, the temptation for retailers is to transfer the pain upstream to their suppliers by passing on price reductions and forcing them to bear an increasing share of costs. Sixty-five percent of procurement practitioners say procurement at their company is becoming more collaborative with suppliers, according to The Future of Procurement, Making Collaboration Pay Off, by Oxford Economics. Subscribe Here!

How to Get a Job in the Supply Chain Sector

Logistics Bureau

It touches many departments, from production, procurement, shipping, accounting, and finance to marketing, warehousing, research and development, and sales. Another option is to work in a warehouse, or in transport, or maybe in customer service where you are dealing with people all the time.

9 Key Topics to Understand to Frame A Shipper’s Mind for Effective KPI Management with a 3PL

Cerasis

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. The next step in procurement is then managing vendors and keeping service providers accountable for continued improvement. All KPIS have metrics to measure.

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Letter from the CEO: Coronavirus Market Update

Transplace

Transplace is closely monitoring the outbreak and the impact the reaction is having on the transportation market. Toward that end, we would like to provide you with four types of updates: 1) what we are seeing in the transportation marketplace, 2) what our customers are experiencing, 3) some best practices we recommend with regard to bidding, and 4) the actions we are taking to protect our employees and community. Letter from the CEO: Coronavirus Market Update.

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Matching Amazon’s delivery promise isn’t possible for most retailers, nor does it make sense. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Oppositely, a luxury clothing retailer may offer more delivery options that account for both immediacy (need new shoes for tomorrow’s event) and also the willingness to wait (want new shoes, but not for tomorrow).

3 Things to Consider When Weighing Your (Delivery) Options

FLEXE

Matching Amazon’s delivery promise isn’t possible for most retailers, nor does it make sense. Assumptions and intuition don’t drive business decisions, quantifiable metrics do. Oppositely, a luxury clothing retailer may offer more delivery options that account for both immediacy (need new shoes for tomorrow’s event) and also the willingness to wait (want new shoes, but not for tomorrow).

Sustainable Logistics: Quantifying Sustainability Measures of Your Logistics

Cerasis

Robinson and the MIT Center for Transportation and Logistics. Public awareness and mass retailer initiatives have driven major sustainability efforts over the last two decades among CPG manufacturers. Driven by aggressive targets and retailers’ “supplier scorecards,” their progress has been enabled by advances in materials engineering and manufacturing technology. Calculating the carbon footprint of a company’s comprehensive logistics framework is tremendously complex.

Let the Qs Begin

Supply Chain Shaman

There are three reasons why: Vertical excellence—having the best manufacturing, procurement or transportation function—has not worked. Aligned Metrics. To ensure the management of the complex system, the metrics of operating margin, inventory turns, ROIC, customer service, revenue, and forecast accuracy need to be managed together as a non-linear system. What percentage of retail out-of-stocks could be prevented by the manufacturer in these industries?

Multichannel Fulfillment & Shipping: Considerations for Wholesale Distributors & OEMs in the Transition From Single Channel Shipping

Cerasis

e-commerce retail sales have increased 3.9 Unfortunately, manufacturers and OEMs may lack the infrastructure necessary to facilitate such changes, and resellers face challenges in optimizing procurement for the world of e-commerce. Align metrics and incentives with unique e-commerce goals.

Top 15 Logistics Blog Posts of 2014

Cerasis

Some logistics involves transportation or warehouses or both. History of Reverse Logistics is at the Core of The Stories of War, Retail, eCommerce, and Automotive Aftermarket : As you will see today the history of reverse logistics is quite older than the buzz word of it being thrown around more often today, due to the rise of internet retailing, also known as eCommerce.

Top 8 software every FMCG company should invest in

Abivin

Choosing a suitable software for your FMCG firm is necessary as it must be tailored for complicated and multi-tier distribution systems involving numerous distributors, retailers, the company and its end users. Transportation Management System (TMS) and Route Optimization Software (ROS) TMS and ROS are needed for both Primary and Secondary Distribution of FMCG products. A transportation management system might be the key to lessen your burden.

WMS Cybersecurity: Top 7 Reasons to Think of Security During Implementation

Veridian Solutions

Constructive metrics. Higher functionalities may imply connection to the internet and through third-party services, including those of Big Box retailers and Amazon’s marketplace. Constructive metrics within the system ensure everyone maintains the proper processes and uses the system correctly, reducing risk along the way. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

What Makes a Mature Planning Organization? (Part 2)

Supply Chain Shaman

With the shift of power to the retailer, both have had to add headcount to manage the increased demands for sales to staff account-specific teams to better manage against retailer expectations. Closing the gaps happens when there are aligned metrics, clarity of vision and aligned planning processes. Metrics Alignment. Yesterday, I finished a post on supply chain planning maturity.

21 logistics experts share the most important ingredients in developing an effective logistics strategy

6 River Systems

Statista found that 73 percent of buyers and users of freight transportation and logistics services say the COVID-19 pandemic had an impact on their logistics and supply chain operations.

Easier than reducing carbon footprint – 5 Steps to make a dent in the Huge and Hidden Cost of CPG Sustainability

Cerasis

LTL gets even trickier according to a report by the MIT Center for Transportation and Logistics. . Public awareness and mass retailer initiatives have driven major sustainability efforts over the last two decades among CPG manufacturers. Driven by aggressive targets and retailers’ “supplier scorecards”, their progress has been enabled by advances in materials engineering and manufacturing technology. .

3PLs and the Trials of COVID-19

Supply Chain Nation

As far as space is concerned, only 3PLs with large networks can afford to redeploy inventory to other locations that is then compounded with potentially higher transport costs. Many are struggling to fill gaps in demand – in particular with retail and wholesale at a virtual standstill – resulting in aisles overflowing with products that have nowhere to go and labor with little to do. By Kirk Waldrop & ElMarie Hugo.

Guest Commentary: Is Your TMS Pulling Its Weight?

Talking Logistics

Like Santa’s reindeer-powered conveyance, your Transportation Department has options available to get the job done. Drive savings across your enterprise by using your TMS to manage your transportation network, domestic and international, inbound and outbound. With constantly changing markets and rates, procuring and maintaining the best possible rates can be a nightmare. Every interaction within your transportation management process creates a data trail.

Driving Profitable Growth Through Effective Supply Chain Management

Supply Chain Nation

Without a shared set of metrics between the commercial and operational teams, it is extremely difficult to get alignment between them. Examples of shared metrics include customer service levels, inventory turns, sell-through forecast accuracy, total landed cost, and overall profitability of the business. By aligning the metrics between the different supply chain stakeholders, a collaborative spirit between the teams is encouraged.

Top 25 Supply Chains of 2018

Material Handling and Logistics

The rankings are based on a composite score based on the opinions of Gartner’s analysts; a group of peer voters (mostly supply chain practitioners, professionals and experts; in the interests of full disclosure, I myself am part of the peer panel); some metrics, including return on assets, inventory growth and revenue growth; and a corporate social responsibility (CSR) component score. So the CSR score too is more of a popularity contest than a consistent metric.

This Week in Logistics News (February 18-22, 2013)

Talking Logistics

CombineNet and Transplace Extend Partnership in Delivering Advanced Transportation Procurement Solution to North America. According to the press release: Transplace leverages the CombineNet ASAP® advanced e-sourcing technology as part of its expert solutions, helping customers develop and optimize their carrier strategy for procurement events involving truckload, less-than-truckload (LTL), and intermodal needs.

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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. Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. ” — 7 Metrics You Need to Streamline Your Warehousing Processes , Aero Fulfillment; Twitter: @AeroFulfillment.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

There are so many potential issues that can impact a supply chain to cause delays (such as fluctuating availability of raw materials, hold-ups in customs, adverse weather, staffing problems, political issues, procurement problems, changes in legislation and so on) that being able to realistically foresee and safeguard against each of them will only ever be partially successful, and it takes up a lot of resources. Mock has nearly a decade of operational transportation experience.

3 Technology Companies Disrupting Shipping

FLEXE

I’m Nerijus Poskus — Director of Pricing and Procurement at Flexport. Half of them are what we call 1PL — so they’re other retailers and manufacturers who are operating their warehouses. And, again, with the power of the marketplace in scale, you start to get comparative metrics. Well, imagine being able to measure those metrics in an apples-to-apples way across hundreds of providers. The metric — the ROI metric.

Infor’s Acquistion of GT Nexus: If I Had a Magic Wand

Supply Chain Shaman

With the larger ocean carriers and the port congestion, GT Nexus becomes more and more important to retail and manufacturing companies. GT Nexus is one of the strongest providers of transportation visibility for the global ecosystem. The Ariba infrastructure is so heavily entrenched in indirect procurement processes that it is hard to adapt to the solution to manage direct materials in the supply chain.

Sorry, I’m Not Sure: Supply Chain and Logistics Predictions for 2018

Talking Logistics

If they actually follow through on their promise and oil prices continue to rise next year, how will transportation, inventory, and sourcing policy decisions change in response? Historically, returns of store-bought merchandise have amounted to 8 percent of total retail sales. Unfortunately, as much as retailers are struggling to keep up with the rapid growth of e-commerce and fulfilling online orders on time and profitably, they’re struggling even more with handling returns.

50 expert warehouse optimization tips and techniques

6 River Systems

Not only does warehouse optimization result in a healthier bottom line, but it also improves key warehouse metrics like accurate orders and on-time delivery. “The overall amount of time it takes for raw materials or parts to make their way through your warehouse and onto store shelves is another key metric in determining your success as a warehouse supervisor. “Logistics takes place largely in three areas – procurement, supply and sales.