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Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa

CHAINalytics

The post Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa appeared first on Chainalytics. Blog Transportation coupa Freight Procurement freight sourcing sourcing optimization Transportation Procurement transportation sourcing Truckload procurement

Creating a Sourcing and Procurement Process Plan

Arkieva

What are the key elements of a sourcing and procurement process plan? Strategic sourcing is a fact based and systematic approach that organizations use to optimize the management of their supply chain. Creating a sourcing and procurement plan. Whether you’re creating a local or international sourcing plan, it is vital that the created plan ensures: Delivery of the benefits identified in the strategy when required; and in a way, that meets the business need.

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The Transportation Supply Chain: Transportation’s Role in Supply Chain Management to Lower Total Costs

Cerasis

Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. One of the often missing links, however, in supply chain visibility, is transportation management. We call this the transportation supply chain. What is the Transportation Supply Chain? This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement.

Procurement & Suppliers: Paying Attention to Terms & Conditions to Keep Supplier Relations Postitive

Cerasis

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". However, in many circumstances, the supplier will send an invoice that contains one set of terms, while the procurement professional will issue a purchase order which contains additional or different terms. This dispute presents a classic Battle of the Forms example.

3 Requirements for Meaningful & Useful Data in Transportation & Business

Cerasis

As data in transportation becomes more abundant and readily available, the question of “ What data is available ?” It is important to know who is providing the source data used to develop your KPIs. If you are using components of source data outside of either you or your provider’s control, what are the means of auditing its accuracy? In order to be truly accurate long term, the source data should be available for you or your provider to directly scrutinize.

Overcoming Ocean Freight Procurement Hurdles in 2019

CHAINalytics

Many organizations are consistently missing the mark with their transportation spend due to contract rate increases and fluctuating spot rates on ocean freight lanes. The lack of visibility needed to keep your ocean freight management in line with your forecast presents additional challenges for shippers. Also, due to a larger emphasis on domestic spend, international … The post Overcoming Ocean Freight Procurement Hurdles in 2019 appeared first on Chainalytics.

Supplier Diversity in Logistics!

Supply Chain Game Changer

A more diverse world has taken shape, and the transportation and supply chain industry is no stranger to this shift. As well as opening the door for more people to be included in the market, this also broadens the network and has more transportation options. Subscribe Here!

The Case for Less Silos, More Intelligence in Supply Chain Management

Talking Logistics

Source: “The Case for Less Silos, More Intelligence in Supply Chain Management,” webcast presentation by Adrian Gonzalez, Adelante SCM. Logistics, Manufacturing, Procurement, Sales and Marketing — these functional groups, for the most part, continue to operate independently from each other, each driven by their own objectives and metrics. Break down your supply chain functional silos. This advice is not new.

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Focusing on Efficiency: Setting Foodservice Up for Success in Changing Market Conditions

CH Robinson Transportfolio

Often, these areas of opportunity present themselves when your organization or the market is fluctuating. While knowing where food is sourced, how it’s transported, and other supply chain questions may not feel like it has much to do with efficiency, you might be surprised.

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Multimodal 2015 – Advanced Supply Chain Management and Logistics for Cargo Owners

Supply Chain Movement

Entering its eighth year, Multimodal has grown to become the UK and Ireland’s premier freight transport and logistics event. It is this ability to present the entire freight transport and logistics supply chain under one roof that makes Multimodal the go-to event for shippers, importers, exporters, manufacturers, wholesalers, retailers – all seeking ways to run a slicker supply chain. Multimodal 2015. Date: 28 – 30 April 2014. Venue: NEC Birmingham.

Why is Supply Chain Such a Great Career Path?

Supply Chain Game Changer

SCM encompasses the integrated planning and execution of processes required to optimize the flow of materials, information and financial capital in the areas that broadly include demand planning, sourcing, production, inventory management and storage, transportation — or logistics — and return for excess or defective products. supplychainmanagement #humanresources #procurement #logistics #jobs. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.

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A Journey to the Cloud Enables the Push to a Digital Supply Chain

Supply Chain Brain

At Schneider Electric , the global purveyor of energy management and industrial automation systems, the cloud presented an opportunity to undertake a wholesale digital transformation of its supply chain. At the time, it was operating across a platform of approximately 125 enterprise resource planning (ERP) systems, 30 warehouse-management systems (WMS) and a smattering of transportation-management systems (TMS). The company’s array of WMS software presents a particular challenge.

Oil & Gas Companies Focus on Eliminating Supply Chain Waste

Talking Logistics

A DHL whitepaper titled Building the Smarter Energy Supply Chain summarizes the situation well (emphasis mine): Much of the present exploration and development of shale gas deposits in the US is not being made by the the traditional oil majors, but rather by new players in the market. One area where significant waste exists is transportation management. Source: “The Future of Natural Gas: An Interdisciplinary MIT Study,” [link].

Carriers, You’re in the Information-Handling Business Too (Takeaways from McLeod Software User Conference 2015)

Talking Logistics

At the recent McLeod Software User Conference , however, I delivered a keynote address to over 1,000 attendees, and most of them were carriers and transportation service providers. For my keynote presentation, I was asked to give the carriers in the audience a perspective of how emerging trends and technologies will impact shippers in the years ahead, which will ultimately impact them too. How do you plan for the future of transportation?

Blockchain Comes to the Freight Industry

Supply Chain Brain

Just look at some of the names that have joined the Blockchain in Transportation Alliance (BiTA) since the group’s formation last August: FedEx , BNSF Railway , C.H. If you can convince a bunch of transportation neophytes who know nothing about freight that a [crypto] coin can become the currency of the industry, then you can raise whatever,” he says. In fact, he adds, no more than a dozen members of BiTA are involved in an ICO at present.

Software is Not Enough: SAP and Descartes Partner on TMS Connectivity

Talking Logistics

That is one of the most important, yet often overlooked, questions shippers should ask before implementing a Transportation Management System — specifically if they’re implementing a traditional, behind-the-firewall solution. These services will leverage the transportation information created by SAP TM and provide filing status updates to SAP TM for improved shipment visibility. Where to Find Supply Chain Innovation (Source: Adelante SCM).

Twitter Insights from GT Nexus Bridges 2015 Conference

Talking Logistics

One area in particular, which both Sean Feeney and Kurt Cavano (Vice Chairman and Chief Strategy Officer at GT Nexus) highlighted in their keynote presentations, is Transportation Management Systems (TMS). On top of this platform, GT Nexus has provided various transportation management applications, such as transportation sourcing, which has been a strength for the company, especially in facilitating ocean transportation bids. Transportation Analytics.

Notes from ProcureCon Indirect West at the Wigwam in Phoenix Arizona

Supply Chain View from the Field

I was amazed at the speed and convenience of the technical solutions emerging in the procurement area, based on the discussions I had with the individuals present. Chris Hahn from Coupa did a demo for me, showing me the ease with which Coupa software allows Accounts Payable and Sourcing groups to access all of their data online. I also met with a firm that specializes in negotiating third party contracts with transportation providers, ACSPE.

Embracing the Macro Growth in Micro Supply Chains

CH Robinson Transportfolio

This rapid growth is presenting new challenges for stakeholders across the grocery and perishables industry and fresh opportunities to capture additional market share. . Impact on transportation and logistics. Rapid replenishment of perishable goods along with increased demand for more locally sourced produce has changed transportation and logistics strategies. Managed Procurement Services (MPS Retail grocery ecommerce sales are up about 35% year-over-year.

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Data is the Real Gold At the End of the Rainbow for Contract and Spend Management Systems

NC State SCRC

Contract analytics can provide a summary view on performance and pricing deviations, risks, statistics (expiry, renewal and pending), procurement and sales metrics. In a presentation at the EMPOWER conference held in Orlando, a large utility shared how procurement had used the decision-making algorithm embedded in the Emptoris suite of tools to guide users into the appropriate contractual mechanism. This is a key component of the sourcing initiative.

Providing Protective 3D Printed Gear to Combat the Spread of COVID-19

DiManEx

With ID holders, police agents don’t need to have contact with citizens when they present their passport or ID card. Similarly, any military personnel assisting the health ministry in the transport of patients will have the protection they need with the face shield and mask. Image source: Dutch Ministry of Defence. Dutch Railways is also working with us to procure face masks for their employees. Image source: FIT.

From soba to udon—Are the noodles in the FTA bowl getting too thick? – LogiSYM December/January 2021

The Logistics & Supply Chain Management Society

There are however many other companies that do not trade tangible goods across borders but may be able to benefit from provisions on services, investment and government procurement etc. Documentation to be presented.

Going Beyond Brokerage: How North American Capacity Solutions Can Go to Work for You

Talking Logistics

While these approaches can certainly deliver a significant return on investment (ROI), other strategies that can positively impact their transportation network are often overlooked – for example, thinking more strategically about capacity. It may be time to evaluate your transportation network and approach to procurement and make the move from simply fixing logistics problems as they present themselves to a more strategic, scalable model derived from analytics and not simply rates.

Handfield’s Supply Chain Analytics Predictions for 2014

Supply Chain View from the Field

I’ve had the good fortune to be presented with opportunities for compelling discussions with a significant group of leading thinkers, senior executives in procurement, logistics, and technology management over this past year. Such providers understand domestic transportation issues, and can plan to develop long-term solutions to complex local distribution challenges. Procurement will play a key role in monitoring supply base conditions.

Experts Unfold Top Supply Chain Technology to Watch

Supply Chain Opz

In the near-term, hosted software and cloud computing are making sophisticated warehouse, transportation and labor management systems accessible to organizations that could never support the significant capital investment required to discretely license the same software. The concept of “connected logistics” covers the relevant end-to-end processes of warehouse management, transportation management, track & trace and the entire logistics network.

Building a Triple A Supply Chain: Ten Tactics That Work

Supply Chain Shaman

We consistently see that companies focused on functional excellence–a focus within a functional silo like manufacturing, transportation or distribution– or singular metrics– like inventory or costs– underperform against their peer groups. In our monthly webinar last Wednesday, I presented these results. During the webinar, a respondent asked me to not present just the facts but to give advice. The design of transportation and supplier networks.

The Basics of Walmart Replenishment

SupplyPike

Walmart’s global inventory is worth more than $32 billion on any given day and presently operates more than 11,500 stores across 27 countries. Since transportation is scheduled with such harmony, transportation costs stay low, as does the transportation time. Walmart has been practicing strategic sourcing to procure the best prices from its suppliers on every product.

Public Purchasing and Green Transport

EcoVadis

Transport activities are a major source of pollution and green house gases (GHG). Road transport alone accounts for 84% of CO2 emissions attributable to transport as pointed out in the White Paper on European Transport Policy ( click_here ). Public authorities can have a major leverage in encouraging green transport given the amount vehicles purchased across Europe.

Supply Chain Management:Importance of Proactive Master Data.

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. In my current project about a year ago, North America region Supply Chain Planners were having major concerns related with flawed planning resulting from incorrect or no Source of Supply (SoS) for receipt elements such as Purchase requisitions &/or Planned orders. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38).

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15 Improvements by the Deployment of The Internet of Things in the Supply Chain

Cerasis

Current and future applications have the potential to provide new methods of value creation and sources of revenue streams for companies in the digital age. Thus, in the global supply chain, exploiting the opportunity presented by the Internet of Things technology can improve: revenue growth, asset utilization, waste reduction, customer service, profitability, sustainability, security, risk mitigation, working capital deployment, agility and.

Saving Supply Chain Planners from Chaotic Spreadsheets

Solvoyo

It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis. . Ability to do root-cause analysis is limited and decision-making requires coordination across multiple functions and data-sources.

It is about time that we leveraged supply chain analytics

Solvoyo

It turns out “insiders joke about billion-dollar procurement-management-disposition cycles that are managed in spreadsheets” according to Requis. Ability to do root-cause analysis is limited and decision-making requires coordination across multiple functions and data-sources.

Blockchain for Bill of Lading – A Much Needed Update to the Traditional Bill of Lading for E-Commerce?

Cerasis

Challenges in Using Blockchain in E-Commerce The difficulties of blockchain depend on the source questioned. In other words, the technology will continue to present challenges until its use becomes a standard in global and domestic trade. Use for transparency and traceability for buyers, marketplaces, sellers, and consumers, unifying the history of a product from procurement to end-users, as well as throughout returns, if necessary.

Supply Chain Planning is Essential for Ending Up in the Right Place

Enterra Insights

”[1] Bolstering his argument, he cites a conference presentation given by Francesca Gamboni, a Senior Vice President for supply chain at Groupe PSA. Stephan Algie, head of business development at INFORM, writes, “I am often asked whether Artificial Intelligence can help to achieve better sales forecasts and procurement planning.

There Are Not Enough Women Supply Chain Leaders!

Supply Chain Game Changer

Seasoned Leadership in Action™ – An Interview with Kristie Syndikus, VP Procurement at Maple Leaf Foods! Logistics Managers, Manufacturing Directors and other Supply Chain leaders often rose from the shop floor, from front-line warehousing and transportation positions.