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.

The 5 Levels of Supply Chain Transparency!

Supply Chain Game Changer

For this reason, I thought it’d be a fun exercise to put a new name on supply chain transparency, rather than a typical sweeping-generalized definition. New York University’s Stern Center for Business and Human Rights published a report in 2017, which displayed just how damaging branded supply chain transparency can be for the business world. from the comfort of your headquarters ( New 2010 ). Subscribe Here! Email Address.

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This Week in Logistics News (April 4-8, 2016)

Talking Logistics

Back in December, we welcomed two new members to our family: Milo and Otis, guinea pig brothers we adopted. Our first guinea pig, Bubbles, had passed away a few weeks earlier (after bringing us much joy and laughs for over four years), so we were very excited to bring Milo and Otis home and begin a new chapter of memories. MercuryGate Launches Global, Omni-modal Freight Procurement Solution. Manhattan Associates Empowers Warehouse Managers With New E-Commerce Capabilities.

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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.

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.

How Locally Grown Products are Disrupting F&B Manufacturing

QAD

For example, a food label in a store in New York might read “ New York State Grown and Certified ”. Better for the environment due to reduced transportation costs and distances. Sustainability is another increasing concern, and procuring food products from local farms, growers, merchants and manufacturers encourages sustainability programs and environmental protection.

$1.9 Trillion warehouse market growing strongly driven by emerging markets

EFT

The global market for warehousing is currently growing at a Compound Annual Growth Rate (CAGR) of 6 – 8%, according to Beroe Inc, a procurement intelligence firm. The union of warehouse management systems with TMS ( transportation management system) and LMS (learning management system) will increase communication and planning for companies with the use of real-time data transmission across various platforms.

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.

Letter from the CEO: Market Update April 2, 2020

Transplace

We are pleased to provide another transportation market update for you this week. 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. Some ports such as Savannah’s Georgia Ports Authority (GPA) have proactively opened new space where containers can be stored: +11k TEU additional capacity. Business - Transportation

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. Indeed, the use of drones to deliver medical supplies and transport medical samples for analysis is fast gaining pace in the beleaguered country.

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.

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. Shippers are getting better visibility into freight forwarding right across the value chain of Quoting > Booking > Transporting > Delivery > Billing. How Freight Disrupted Itself.

[WHITE PAPER REPORT] Revenue Growth At The Hand Of Improved Digital Supply Chains

Cerasis

The Center for Global Enterprise releases new research suggesting revenue growth at the hand of improved digital supply chains. The research unveils a new approach to enterprise supply chain management – focus on the customer and maximize demand. The research suggests improved enterprise Digital Supply Chains ( DSC ) can lead to a 20% reduction of procurement costs, a 50% reduction in supply chain costs, and an increase in revenue of 10%.

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Time to turn around inventory falls by two days says new report

EFT

Customer demands for faster and faster service are having an effect across the supply chain finds eyefortransport’s new D3 2019 report. Last-mile delivery operations are already largely the most expensive and complex part of the retail supply chain due to the number of moving parts involved, the requirements to shift inventory across different transport modes and to do so quickly to meet the needs of the customer. Gabi Weisel, Director Global Indirect Procurement, Estée Lauder.

Experts Choice Of Top Online Logistics Resources

Freightos

Transport Intelligence, the well-respected U.K. Transport Topics. With over 60,000 monthly viewers, Transport Topics is a prime destination for freight buffs, especially those who specialize in trucking. 150 years of Lloyd’s helps back this new website, which includes frequently updated information on freight and shipping information. American Journal of Transportation. Air Transport World. Nieuwsblad Transport (Transport Newspaper).

Supply Chain Alone Can’t Solve Sustainability But it Has a Part to Play!

Supply Chain Game Changer

climate summit convened in New York. It saw leaders from around the world pledging new initiatives to address the ongoing climate crisis, including a $60 Billion renewable energy commitment from Germany, and 15 countries including Britain, Norway and Costa Rica pledging to achieve net-zero emissions by 2050. It’s also poised to deliver those changes in a way that will provide value to business, instead of becoming a new cost centre. Subscribe Here! Email Address.

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. Less passenger traffic and reduced congestion means flexibility for TNT in scheduling onward transport, whether by air or road.

Seasoned Leadership in Action™! An Interview with Michael Massetti, VP at Gartner!

Supply Chain Game Changer

I was born in New York City and grew up on Long Island. We achieved recognition both internally and externally for our sourcing and procurement accomplishments in the spend management area. Just think about it, we are discussing touchless orders, lights-out warehouses, autonomous transportation for delivery, and prescriptive actions taken by intelligent robots. My new iPhone X is over 1000X more powerful with 256GB in it! Subscribe Here! Email Address.

China Flexes Its Global Logistics Muscle

Material Handling & Logistics

The routes they build within their country, he notes, are greatly needed to transport goods domestically. Viewing this initiative in terms of global power, Foster Finley, head of the Transportation & Infrastructure practice for consulting firm AlixPartners, thinks this effort has more to do with politics than it does business. “I Cheng Wei, Honeywell’s EPC (engineer, procure and construct) export sales leader in China, spoke to MH&L about their involvement in the project.

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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.

This Week in Logistics News (April 29 – May 3, 2019)

Talking Logistics

I received a few questions yesterday about Indago , our new market research community for supply chain practitioners that benefits charities. Indago is a Latin word that means “to investigate, search out, try to find/procure by seeking.”. Over the past few years, freight brokerage has been a hot segment of the transportation market. Earlier this week, I wrote about the network effect in transportation management.

Worried About Foreign H-1B Hirers? Award More H-1B Visas!

Cerasis

companies replace Americans, or by shuffling under-skilled workers into domestic jobs as The New York Times has implied. These firms provide a valuable service: taking the risk and complications out of procuring H-1B visas. appeared first on Transportation Management Company | Cerasis.

Supply Chain Management:Indicators from the 2012 Holiday Buying.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. On the supply chain fulfillment side, new initiatives, realities, and dealing with the effects of supply disruption have retail supply chain teams rather busy during this final month. Regarding unplanned supply disruption, the effects of super storm Sandy slamming directly into the New York and New Jersey regions of the U.S. Procurement Blog.

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. . He’s also the owner and editor of the blog, The Lost Annals of Transport. Renee Krug was named as the new CEO for GlobalTranz in fall 2018.

Ryder Places First Medium-Duty Electric Vehicle Order with Chanje Energy and Begins to Roll Out Charging Stations

Supply Chain Network

NYSE: R), a leader in commercial fleet management , dedicated transportation , and supply chain solutions , announced today it has started to take delivery of 125 medium-duty electric panel vans, the first of their kind in North America, now available for lease or rent. markets, as well as in the Chicago and New York markets, with the latest technology in commercial electric vehicle (EV) charging. New risks emerge from time to time.

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

Talking Logistics

JDA Unleashes New Levels of Supply Chain Visibility Across its Portfolio with TransVoyant. MacroPoint Announces Platform Integration with JDA Transportation Management Solution. Apple Gets Permit to Test Self-Driving Cars in California (New York Times). By aggregating orders from various geographic locations and coordinating apparel assembly processes on a large scale, the embodiments provide new ways to increase efficiency in apparel manufacturing.”.