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.

Bring Out the Best in Your Supply Chain

Kinaxis

Professor of Supply Chain Procurement at Rutgers University), the article discusses some key traits held by the best supply chain managers. The Port of New York and New Jersey was hit hard, and they “had about 24 hours’ notice before Sandy hit,” she said. A Norfolk-based railway company (CSX) then created a new rail route to New York to help get shipments back there until the port was repaired.

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Podcast: VC Brian Aoaeh on the Future of Supply Chain Investment

Requis

Venture capital (VC) investor, columnist and educator Brian Aoaeh is part of the new generation of investors who are unlocking the opportunities in supply chain. Brian describes himself as “obsessively enthusiastic” about supply chain, and has helped many supply chain professionals connect and find synergies as the co-founder and organizer of the New York Supply Chain Meet Up and the Worldwide Supply Chain Federation.

Can Blockchain become the solution for anti-counterfeiting and chain of custody?

NC State SCRC

Recent articles in the New York Times and in the I nternational Business Times highlight the emerging role of blockchain as a key enabler of improved integration between parties in the extended global supply chain. New business models came about and new information. Pilots with IBM have shown that all these documents can be captured in a blockchain, and could potentially reduce shipping delays due to lack of paperwork.

Learning to Speak the Language of Demand

Supply Chain Shaman

New shoes feel awkward. Learning to speak a new language is similar. The first step to making the shift is learning a new language. New forms of analytics make new capabilities possible. While we need forecasting and we need to improve the processes, we also need to teach teams how to use new forms of demand data and adopt demand processes. To become demand driven (or market driven), they need to learn how to speak a new language.

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, after a short spell in New Orleans, I moved to Houston to work with supply chain in oil and gas. 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. [00:38] Please introduce yourself and your company.

Why investors are looking at supply chain technologies in 2020

Requis

Insiders joke (quite fairly, as it turns out) about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets. In the procurement space, what I want to be able to assess is risk management.

How The Coronavirus Epidemic is Throttling Global Supply Chains

Logistics Bureau

Containers are piling up in ports, international shipping has been hammered, Western companies are battling to source products from traditional suppliers, and disruptions are being experienced throughout the global supply chain. The impact on supply chains is particularly apparent in the following two broad areas— shipping and procurement of products/components/raw materials. COVID-19 Impact on Shipping. COVID-19 Impact on Procurement.

Apple: Still a Penny Wise and Pound Foolish?

Talking Logistics

Bankruptcy Court District of New Hampshire. If there is any delay, GTAT must either use expedited shipping (at its own cost) or purchase substitute goods (at its own cost). Unfortunately, many procurement professionals still labor in the Dark Ages and have not taken the maxim to heart.

Mitigating the Impact of the Coronavirus on Supply Chains with Machine Learning and Real-Time Visibility

Supply Chain Nation

A New York Times article from August 2019 highlights how much artificial intelligence (AI) is indebted to humans. Because the virus is so new and there is very little historical data, Blue Yonder’s data science team is very busy feeding data into the AI-driven control tower to help visualize and predict current and future impacts of the coronavirus. That is because lots and lots of people are needed to help an AI system learn so that it can eventually act on its own.

The American Revolution and the Supply Chain

Enterra Insights

1] He writes: “The Navigation Acts mandated that the Colonies’ only trade with Great Britain, only export their goods on British (or Colonist) ships, and pay duties to the King on any goods not imported from Great Britain. The work of procurement and supply chain professionals continues to make the world go around, just as it did [242] years ago: connecting people with finished goods and turning raw materials into desirable products.”

Smart Supply Chains Adapt to Overcome COVID-19 Challenges

Logistics Bureau

Almost 75 percent of US companies are experiencing capacity shortfalls in their supply chains, due to Coronavirus-linked transport disruptions , a new study has shown. Those that look for new marketing opportunities despite the brittle trading conditions. In the future, businesses will diversify their supply chains and source locally so they are not as dependent on one procurement source as they are now.

How Freight Disrupted Itself: The View From Within A Changing Industry

Freightos

In the last year, a new dynamic has begun to reshape the freight industry. And until recently, he was an archtypical “insider”, an executive at one of the world’s largest and most respected forwarders, DB Schenker, where he was responsible for the New York market. Supply chain volatility, increased procurement vendors, agile manufacturing and an on-demand economy. Today even small shippers won’t ship unless they can check the status of their shipment.

Experts Choice Of Top Online Logistics Resources

Freightos

Shipping Gazette Daily News. One of the most comprehensive daily summaries, and by far the leading Asian-based summary, China’s Shipping Gazette provides daily information about carriers, forwarders and technology. Since 1974 with industry-leading expertise in, well, American shipping. 150 years of Lloyd’s helps back this new website, which includes frequently updated information on freight and shipping information.

Trends That Will Revolutionize Logistics in 2018

Material Handling & Logistics

By 2021, as much as 25% of the large global companies will be piloting or using AI and blockchain-based automation in transactional procurement. However, the big change in 2018 will be that companies will use geography-based search trends to anticipate demand of certain products in a region and ship in advance. With the advent of digitalization, the supply chain industry is getting a complete makeover. Technology has disrupted every industry and supply chain is no exception.

Warehousing, the Rise of IT, Automation, and Now… Robotics

Logistics Bureau

Affected by changes in production, procurement and distribution methods, warehousing has continually been pushed and pulled in different directions. Furthermore, by making the warehouse a retail centre in its own right, warehouses are getting a new lease of life as end-customer distribution outlets, whether or not just-in-time methods are being used. produces and ships ‘100% Pure Squeezed Sunshine’, or more prosaically, orange juice and other fruit juices.

Flipkart-Walmart Deal and What It Means for the Indian Online Retail Sector

Shipsy

Customers are not only looking for discounts and quality but are also preferring companies that offer faster shipping. Given Walmart’s competence in supply-chain management, the company can provide the much-needed push by enabling the procurement of goods at village level. Last year, Walmart also acquired New York-based last-mile delivery startup Parcel.

India 40

Letter from the CEO: Coronavirus Market Update

Transplace

The expectation is that two mega ships will arrive at the ports to pick up empties this week as the equipment is needed in China. Industrial and chemical sectors are maintaining at seasonally expected shipping volumes as of this time. Some LTL carriers are embargoing parts of New York for the NBG Service Center due to the total number of cases of coronavirus in these zip codes: 10801, 10802, 10804, and 10805. Cargo flows and ship calls are rebounding in China.

Is the Globalized World Flat or Mountainous?

Enterra Insights

New York Times ’ columnist Tom Friedman has argued that the “world is flat” as a result of trade liberalization and technology (i.e., Commerce soared as the cost of shifting goods in ships and planes fell, phone calls got cheaper, tariffs were cut and the financial system liberalized.” New mountains for low-income countries to climb. 9] Thomas Friedman, “ How We Broke the World ,” The New York Times, 20 May 2020

Global 100

36 innovative companies re-inventing and rethinking supply chain and logistics

6 River Systems

With how quickly new technology, tips and warehouse management techniques are emerging, wouldn’t it be nice to take a page from someone else’s book? Bed Bath & Beyond @BedBathBeyond Bed Bath & Beyond has discovered a way to save millions of dollars on freight over the next few years, thanks to a new 755,000 square-foot distribution facility slated to open in the fall of 2019. The new facility will allow the company to offer two-day shipping to most (about 90%) of the U.S.

Balance and Segmentation – What the Election Can Teach Supply Chain

Kinaxis

Aside from just getting the CEO/CFO to make the decision, a Supply Chain S&OP will always be faced with Marketing vs Sales, Product Management vs Procurement, or Service vs Finance. If a supply chain is providing the same policies (shipping, fulfillment, safety stock, etc.) Running polls and media out of only New York and Los Angeles would not tell us what the segmented customers want. “If

When the Heavy Hand of Government is Not a Burden

Supply Chain @ MIT

One manifestation of this problem is that multiple ports on the east coast are deepening their approach channels in order to attract bigger cargo ships. The widening of the Panama Canal to enable larger ships to pass through the trade artery will generate this traffic. We have a glimpse of such an outcome courtesy of the states of New Jersey and New York. Responding to large-scale crises such as the Ebola outbreak requires government resources.

Letter from the CEO: Market Update April 2, 2020

Transplace

Carriers with business heavily in non-essential retail or automotive are scrambling to find new business to replace the idled capacity. New CLP and CDL issuance / testing restrictions. There is now a focus on educating shippers to not ship unless the consignee has confirmed they are open. Some shippers are having trouble shipping as they are having high percentage of employees not showing up to work. Letter from the CEO: Market Update April 2, 2020.

Why Is It So Hard to Find Good Help These Days?

Material Handling and Logistics

However, as the brief anecdotes shared here illustrate, new and different opportunities will also result from technological advances. In recent years, firms both large and small have launched new “Data Science” or similarly named groups. Once the assembly operation is completed, the cart computer calls the mobile base to move the cart to a new location. . She had seen reports of massive power plants being shipped in pieces from Hong Kong, which couldn’t have produced them.

SCM 80

The Top Logistics and Supply Chain Journalists & Thought Leaders to Know for 2020

Shipchain

His works remain expansive—from procurement through reverse logistics and even facilities management for the supply chain itself. . He’s also the author of the blog, Critical Cargoes, where he encourages the industry to upgrade systems and leverage new technology to improve supply chain processes and reduce unnecessary freight spend. . She previously wrote about New York cultural institutions, law firms, and corporate law.

Factors Influencing Delivery Address Amendment - Infosys Blogs

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. However, during that two-week time frame she moved to New York. Learning this, I thought of delivering gift to her New York address. Instead, I had to cancel the existing order and place a new one, if I wanted my gift to be delivered to another address. Procurement Blog. Social Media in Supply Chain.the new trend! About Us.

This Week in Logistics News (April 17-21, 2017)

Talking Logistics

JDA Unleashes New Levels of Supply Chain Visibility Across its Portfolio with TransVoyant. Apple Gets Permit to Test Self-Driving Cars in California (New York Times). In order to increase efficiency, the goods would be manufactured in batches based on factors such as the customer shipping address, the patent says. Finally, one of my predictions for 2017 was that we would see a rise in cyber attacks, with supply chain and logistics operations becoming new targets.