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.

Want better supplier adoption of your procurement portal? Start by asking your own sales staff.

OneSCM

A good portion of the value provided by automating procurement and payables processes comes from the labor and cost savings generated from fewer errors and less manual work. The procurement portal has to have enough transactional volume running thru it.

Procurement and Suppliers on the Same Page: How to Craft an Effective Terms & Conditions Sales Document

Cerasis

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. It Would Benefit Both Procurement and Suppliers To Write in a Clear, Friendly, and Organized Manner. Procurement

How to Procure Full Truckloads in Tight Capacity

Cerasis

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. The Solution: Shippers Must Use Out-of-the-LTL-Box Strategies Shippers must take a more strategic approach to truckload procurement, explains CH Robinson via Supply Chain 24/7.

Procurement Logistics: What Is It & Where Do Logistics Providers Fit In?

Cerasis

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. What Is Procurement Management?

Solving the Emerging Market Packaging Puzzle

Supply Chain @ MIT

Packaging shields products from damage and theft, differentiates the brand, and is a source of information for consumers. It also adds cost to the value chain, particularly in fragmented markets where buyers have diverse packaging needs. The Center for Latin-American Logistics Innovation (CLI) has developed two optimization models that help companies find the most cost-effective packaging format for emerging markets.

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. IBM Sterling TMS package. JDA Transportation Manager.

Why Now is the Perfect Time to Benchmark and Bid Your Carrier Rates

Talking Logistics

In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Whether you need to inform management that your performance is superior or has improved, or identify opportunities in the procurement process to drive additional economic value – there is no better time to benchmark and bid your carrier rates than now.

Where Are You on the Transportation Maturity Curve?

Supply Chain Nation

Transportation Maturity Curve. The Transportation Maturity Curve. Many statistical measures from the study point to this conclusion: 35% manage transportation on a location by location basis. 18% manage transportation on a divisional basis.

The Challenges & Steps in Procuring a Full Truckload as a Shipper

Cerasis

As a shipper, it can be hard to procure full truckloads, and small and mid-sized shippers suffer from an exacerbated version of this problem. Shippers face tightening capacity, higher rates, and demanding consumers, and procuring a full truckload may be the last thing on their minds. In reality, procuring a full truckload as a small or mid-sized shipper comes with unique challenges. Full Truckload Procurement

The Legal Implications of Transport Visibility is NOT Good News for Truckers

NC State SCRC

To keep yourself in business, there are plaintiffs attorneys that are finding out what transportation is doing, and trying to find the big deep pockets to pay damages like the $281M damage awarded in Texas – because the smaller carrier won’t be able to pay.”

6 Cost Reduction Benefits From Optimized Transportation Management

Cerasis

With a proactive plan towards an eye on optimized transportation management that is well executed can make the difference between excellent customer service, and customers looking elsewhere for their needs. Measurable Benefits of a Third Party Logistics Company on Transportation Costs.

Why don’t you have a TMS (Transportation Management System) Solution yet?

Supply Chain Game Changer

Why have so few companies adopted a Transportation Management System (TMS) solution? We had a tremendous amount of spend leverage globally, a seasoned team, great supplier relationships, very strong processes, and an excellent Transportation Management System (TMS). Subscribe Here!

5 Procurement Management Tips for the New Kid on the Block?

AFFLINK

In much the same way, any business seeking success in the procurement management environment should address the fundamentals first. Procurement management accountability builds from having processes and quality controls that meet or surpass customer expectations.

Is It Time to Rethink Parcel?

CHAINalytics

| By Jim Haller | Senior Manager, Parcel Optimization | Chainalytics | Historically for most organizations, parcel spend made up a much smaller component of their transportation spend as companies focus their procurement efforts on truckload and LTL.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

For every node of the supply chain this means that there is transportation, movement and handling, inventory, and production and over, or under production. Distributors and transportation service providers are disintermediated in this model. Subscribe Here! Email Address.

Procurement Is A Key Catalyst For The Circular Economy

EcoVadis

One of the central organisational players in the transition towards a circular economy is the procurement function. Some of the key questions are, how will procurement expand its role to address the circular economy, and how can they add value? A Procurement Change Management Challenge. It is critical for procurement to understand the radical changes that the business will most probably undertake when integrating circular principles.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

Supply Chain involves planning, execution, physical flows of goods, the flow of information, processes, financial management, sourcing, logistics, procurement, manufacturing, distribution, logistics, repair and recycling, business management and much, much more. Subscribe Here! Email Address.

5 Ways a TMS Can Help You “Go Green”

Talking Logistics

One of the easiest ways to get started is by investing in a Transportation Management System (TMS). Transportation optimization is another option offered by some TMS providers.

6 More Logistics Technology Trends Enabling Success in 2018

Cerasis

However, logistics focuses expressly on the movement and storage of products, while the supply chain goes into deeper detail, including manufacturing processes, procurement, and the flow of goods. TMS Transportation Management

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What Exactly Is Supply Chain Management? 10 Different Definitions!

Supply Chain Game Changer

Yet all of the functions that we now associate with Supply Chain have been around for a very long time: Planning, Inventory Management, Logistics, Procurement and Purchasing, Warehousing and many more. SCM #SupplyChain #Technology #Logistics #Freight #Purchasing #Procurement #Business.

The Effects of a Recall Can Be Minimized With a Connected Supply Chain

DynaSys

Regardless of the issue, every aspect of the product from the finished product, work in process, raw materials (including packaging), ingredients and the people, equipment, vessels and locations that the product has been in contact with needs to be analyzed.

6 Trends to Make Supply Chain Managers the Heroes of Their Company!

Supply Chain Game Changer

They are the percentage of orders delivered to the right place, at the right time, in the proper condition, in the right package, with the right documentation, to the right customer, with the correct invoice and in the correct quantity. Subscribe Here! Email Address.

HCL Tech signs global alliance agreement with JDA Software Group

Supply Chain Network

The alliance addresses the unique supply chain challenges for business in the areas like planning, procurement, production, distribution, warehousing, inventory, transportation and customer services. Leveraging cross-industry expertise, best practices and IT enabled services help realization of overall business strategy, the alliance will strengthen HCL package services to transform customer’s business and IT operations.”

Five Keys to Cold Chain Success with Tyler Hildebrand

The Logistics of Logistics

I’m Tyler Hildebrand and I am an account executive at Reliable Transportation Solutions in Cincinnati, OH. As a freelance marketer, I often worked closely with clients in the transportation and logistics space, so I began to understand the business.

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Resin prices vary a lot more than you think! RTi helps you understand why.

NC State SCRC

RTi), yesterday, and share thoughts on how should-cost models are being actively used to drive improved visibility into the true costs of resin, paper packaging, and related products. Resin is found in just about anything you buy today: plastic trinkets, food packaging, meat packaging, toys, industrial products, you name it. They are resin gurus, but also expanded into paper packaging and have developed strong capabilities in this area as well.

What’s the Difference Between Freight Management and Logistics Management?

Supply Chain Game Changer

“Logistics” and “Freight” both conjure up imagery associated with the movement and transportation of goods whether by truck, car, rail, ocean liner or any other form of transportation. But it is inclusive of Freight, or Transportation, Management.

How Blockchain Could Create the 'Autonomous Container'

Supply Chain Brain

So are packages such as mail-order steaks, which are weighted down by dry ice or other materials required to keep them cool. One can imagine a world in which blockchain becomes an indispensable part of tracking and monitoring all types of containers, via multiple modes of transportation. The development of autonomous shipping equipment is likely to track that of self-driving vehicles, as the need for human involvement in transportation gradually diminishes.

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

4WL Consulting

” Similar transformational patterns have also been seen in the transportation industry. There’s been a shift from executing daily freight transactions to integrating top-level corporate planning and procurement strategies.

Developing the Business Case for Supply Chain Optimization

Talking Logistics

It’s easy for me to say, “Well, we saved a lot of money this year and I attribute it to packaging changes.” But was it really packaging changes? Did the transportation group do a good job [consolidating loads]? Did the procurement group do a good job this year [finding more cost-effective and reliable carriers]?

What are 1PL, 2PL, 3PL, 4PL, and 5PL?

Abivin

1PL: 1st Party Logistics Image Source First-party logistics service provider is a firm or an individual that needs to have cargo, freight, goods, products or merchandise transported from point A to point B.

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This Week in Logistics News (August 1-5, 2016)

Talking Logistics

Within two years, it expects to have 40 similar used cargo jets connecting its package fulfillment centers across the U.S. And we have more than enough package supply to utilize the 40 planes we’ve procured.”.

How Product Design Impacts the Supply Chain

Logichain Solutions

Collaboration between marketing, product development, finance, procurement and supply chain teams saves costs along the value chain and gives your brand a competitive advantage. POS displayers and other packaging material can be stored flat and assembled shortly before shipping.

Last Mile Delivery Explained! (Infographic)

Supply Chain Game Changer

While each step of the way should be taken seriously, there is no point more high-priority than that of the last mile delivery stage, where the goods from a transportation hub move to their final delivery destination. SCM #SupplyChain #freight #logistics #ecommerce #transportation #retail.

Letter from the CEO: 2019 Outlook & Strategies to be Successful

Transplace

In 2018, the demand for truck capacity far exceeded the supply, causing spot market transportation rates to skyrocket. The impact to shippers will be a reduced reliance on spot freight and improved predictability of overall transportation costs and improved service levels to the end customer.

6 Important Tips For Effective Logistics Management

Cerasis

It involves procuring the goods, storage facilities, and delivery of products to the exact location. Apart from these, the other parameters are – time, transportation, and the costs. Unavailability of the transportation. Efficient Transportation.

Big Opportunity for Logistics Providers? Supply planning and inbound services….

The Network Effect

As shippers look for global expertise and operational solutions, LSPs are in a prime position to offer inbound procurement and supplier collaboration, and with the new cloud network platforms they now can.