EC Sourcing Group

JANUARY 4, 2022

Before the Internet, procurement was a tedious process. However, eProcurement (which essentially refers to selling and buying services and goods on the internet) came along and streamlined the whole process. eSourcing in procurement leads to further procurement optimization. Your Procurement Dashboard, Explained.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Software Analytics Software Optimization Software 52

Precoro

SEPTEMBER 6, 2021

This month, we continue our Procurement Basics series and would like to introduce our readers to yet another set of often misused business terminology. As both sourcing and procurement are related to obtaining supplies for the organization, confusing these two terms is easy. Procurement. What Is Procurement Process?

Optimal Sourcing 97

Optimal Sourcing Manufacturing Procurement Purchasing Skills Procurement Solutions 97

Precoro

NOVEMBER 7, 2022

In order to run a successful business, you need a dedicated procurement team to obtain these essential goods and services, ensure timely delivery, and nurture good relationships with your vendors. Paying for offices, utilities, technology subscriptions, and cleaning services is also part of the procurement team's responsibility.

Manufacturing Procurement 52

Manufacturing Procurement Procurement Solutions Optimal Sourcing Procurement Analytics 52

Supply Chain Shaman

SEPTEMBER 28, 2022

Navigating through the turmoil is unprecedented: there are no easy reference models to guide behavior. In this volatile world, efficient procurement led by a CFO is not the answer. There was a strong negative correlation (at an 80% confidence level) when companies were not aligned between customer service and transportation.

Manufacturing Procurement 195

Manufacturing Procurement Supply Chain Design Software Network Design Software Supply Chain Planning Software 195

GlobalTranz

DECEMBER 11, 2014

Today begins our series about electronic data interchange or EDI in transportation. In this series, we will first talk about how EDI in transportation works and what it is, covering the history of EDI in transportation, the definition, how it works technically, and then some common EDI codes used within the transportation industry.

Electronics 262

Electronics Transportation Data Resource Reduction 262

Resilinc

APRIL 17, 2024

While it may seem smart to simplify procurement and lower costs, single sourcing can actually expose businesses to risks that can jeopardize their operations and bottom line. Single sourcing and sole sourcing are two different procurement strategies in supply chain management. What is single sourcing and sole sourcing?

Sourcing Strategies 101

Sourcing Strategies Optimal Sourcing Manufacturing Procurement Negotiate Pricing 101

EC Sourcing Group

DECEMBER 1, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

The Logistics of Logistics

SEPTEMBER 23, 2022

He is the former chairman of the board of directors for the Transportation Intermediaries Association (TIA). He is on the board of directors for the National Industrial Transportation League and chairs its Highway Transportation Committee.

America 182

America North America Logistics Network Optimization Software Cargo 182

Supply Chain Shaman

FEBRUARY 18, 2021

Initially, the output was published to procurement to design strategic buying strategies. Procurement became an island–isolated from the demand signal except for MRP. The focus of the transportation suites was on cost mitigation and price negotiation. Procurement: Purchase price variance and procurement cost.

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Design Software Supply and Demand Procurement Analytics 278

EC Sourcing Group

SEPTEMBER 2, 2021

Demystifying Transportation Sourcing. 9/2/2021 – Guest Blog Post from Kumar Kannan of Procural. If you are like me, transportation sourcing is a mind boggling and complex field. This article is about creating value in transportation sourcing. This article is about creating value in transportation sourcing.

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Sourcing 52

Logility

AUGUST 31, 2023

Through Logility, Kelly-Moore has moved beyond relying solely on shipment history to purchase raw materials by forging a deeper connection between its master production schedule and procurement decision-making. Batch manufacturing is more controlled and optimized, improving inventory turns and production scheduling efficiency.

Consumer Goods 185

Consumer Goods Network Optimization Software Optimal Sourcing Inventory Reduction 185

Logistics Viewpoints

MAY 16, 2022

What ARC calls “supply chain collaboration networks,” TCS refers to as “ecosystem commerce platforms.”. It is these changing constraints, transportation capacity, and bottlenecks across an entire ecosystem that matters. For example, many companies are struggling to get transportation capacity.

Supply Chain Planning Software 211

Supply Chain Planning Software Optimal Sourcing Supply Chain Optimization Supply Chain Planning 211

GlobalTranz

OCTOBER 16, 2015

As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

The Logistics & Supply Chain Management Society

AUGUST 14, 2023

Breaking Boundaries: Exploring Generative AI’s Impact on Supply Chains Supply chains encompass many interconnected activities, from procurement, production, and inventory management, to logistics and distribution. Figure 2: A technology adoption roadmap for transportation and logistics companies considering generative AI.

Optimal Sourcing 244

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Modeling 244

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The start of any product or service is procurement, explains Jonathan Webb of Forbes Magazine , which refers to the obtaining of raw materials needed to create a product.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

ivalua

OCTOBER 13, 2022

Further, if the truth be known I suspect many others in procurement and supply chain are feeling the same, but maybe that’s not true. To reach net zero emissions from homes, transport, agriculture and industry will need to be cut. Upstream transportation and distribution. Downstream transportation ad distribution.

Purchasing Skills 130

Purchasing Skills Supply Chain Planning Software Price Reduction Waste Reduction 130

Supply Chain Opz

MAY 1, 2018

Delivering Customer Value through Procurement and Strategic Sourcing Many people don't know that procurement is a part of integrated logistics. In logistics management literature, procurement is also called "Inbound Logistics" or management of incoming materials. However, there is so much more about modern transportation.

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Logistics Material Savings 100

GlobalTranz

JULY 29, 2015

This is especially true when outsourcing transportation management, as transportation can include a large part of your overall supply chain and business costs. Consider the many shippers who have outsourced transportation management and other logistics functions to third-party logistics (3PL) providers the past few years.

Transportation Management 120

Transportation Management Transportation Report Demand Planning Software 120

GlobalTranz

NOVEMBER 29, 2016

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. How to Begin Your Terms.

Procurement Analytics 120

Procurement Analytics Manufacturing Procurement Procurement How To 120

Intelligent Audit

AUGUST 25, 2022

This standard method has helped countless businesses identify where transportation spend is going and where there is an opportunity to optimize. That said, companies can now access modern technology, such as machine learning, to improve the processes of gaining visibility and managing transportation.

Real-time Visibility 52

Real-time Visibility Transportation Management Supply Chain Planning Software Optimization Software 52

GlobalTranz

MAY 21, 2015

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.

Supply Chain Planning Software 120

Supply Chain Planning Software Cost Reduction Strategies Supply Chain Software Sourcing Strategies 120

Unleashed

AUGUST 20, 2023

In manufacturing, for example, lead time refers to the amount of time it takes for a product to move through the entire production process , from when the initial order or request was made to the final delivery. Lead time refers to the total time it takes to complete an entire process. Let’s dive in.

Manufacturing Procurement 52

Manufacturing Procurement Inventory Reduction Sourcing Strategies Procurement Analytics 52

Supply Chain Game Changer

SEPTEMBER 21, 2022

The Supply Chain industry provides vast employment opportunities, from procurement to warehouse inventory, management, and shipping. A freight agent can refer to a person or a group that works under a freight broker or independently. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. Is one better than the other?

Negotiating Skills 96

Negotiating Skills Freight Purchasing Skills Optimal Sourcing 96

Unleashed

JANUARY 31, 2023

These goods are also called goods-in-transit, pipeline inventory, or transportation inventory. In B2B, in-transit inventory typically refers to products that are on their way from a wholesaler to an eCommerce retailer. In B2C, it refers to products that are on their way from the merchant’s warehouse to the final customer.

Inventory Reduction 98

Inventory Reduction Inventory Inventory Management Software Supply Chain Planning Software 98

The Logistics & Supply Chain Management Society

JULY 16, 2023

Resilience refers to the ability of a supply chain to withstand and recover from disruptions, while agility refers to its ability to respond quickly and effectively to changing circumstances. These changes can be caused by factors such as natural disasters, political unrest, trade disputes, or disruptions in transportation networks.

Agile and Lean Supply Chain 130

Agile and Lean Supply Chain Supply Chain Software Sourcing Strategies Resource Reduction 130

Turvo

JULY 15, 2021

In the logistics and shipping industry, capacity refers to the amount of space secured on trucks and other vehicles to carry shipment loads. This generally gets referred to as trucking capacity, and it remains one of the most critical aspects of dealing with supply chain disruptions. On normal days, this can be challenging enough.

Capacity 97

Capacity Supply Chain Network Software Analytics Software Demand Planning Software 97

SCMDOJO

JULY 29, 2022

While Total Landing Cost (TLC) includes other types of costs like; transporting, storage, risk, delivery, and quality, and the more complicated analysis, the Total cost of ownership (TCO) , includes the TLC, in addition to the ongoing lifetime, operating, durability, end-life disposal cost, …etc. References. Bowersox, David J.

Sourcing Strategies 103

Sourcing Strategies Inventory Reduction Cost Reduction Strategies Boston 103

Supply Chain Opz

APRIL 1, 2018

Then, we use these criteria to rank the books, - Practicality: we look closely at how each book can provide basic concepts and strategies of the "Integrated Logistics Functions", namely, customer service, purchasing, production planning, warehousing, and transportation in a clear and concise manner. Stars Reference - Flöthmann, C., &

Logistics Network Optimization Software 100

Logistics Network Optimization Software Optimal Sourcing Material Savings Inventory Reduction 100

QAD

JANUARY 25, 2024

Shipment visibility refers to the real-time tracking and monitoring of goods as they move through your supply chain. However, the advantages of globalization come with challenges, and one of the key elements that can make or break the import management process is shipment visibility. The importance of shipment visibility cannot be overstated.

Real-time Visibility 91

Real-time Visibility Optimal Sourcing Supply Chain Planning Software Supply Chain Software 91

Supply Chain Shaman

NOVEMBER 2, 2018

I consider her the best in the biz for transportation management consulting. Ellen’s was to design and execute the transportation planning logic. in to transportation management to drive routing information and booking optimization). How Do We Connect Supply Chain Planning Architectures to Transportation Planning?

Supply Chain Planning Software 167

Supply Chain Planning Software Supply Chain Network Software Manufacturing Procurement Supply Chain Design Software 167

Enterra Insights

OCTOBER 11, 2022

Concurrent Planning refers to planning by multiple departments simultaneously with consistent objectives. The stark truth is that planning and optimizations are done in many departments within a business, such as supply, manufacturing, distribution, warehouse, transportation, budget, labor, and so on. ” • Manage inventory.

S&OP 130

S&OP Supply Chain Planning Software Supply and Demand Supply Chain Planning 130

NC State SCRC

SEPTEMBER 15, 2017

RACI stands for Responsible, Accountable, Consulted, and Informed – which refers to the relative governance structure that exists in an organizational relationship. What is the organizational hierarchy in procurement – category manager for the category, director of sourcing (transportation and related services), buyers, and CPO?

Optimal Sourcing 40

Optimal Sourcing Negotiating Skills Procurement Sourcing Strategies 40

The Logistics & Supply Chain Management Society

AUGUST 20, 2020

RPA as it is also referred to, has the capability to transform supply chain management. Procurement. RPA can automate the uploading of reporting and contract data for transactions from contracts into Transportation Management Systems (TMS) or Enterprise Resource Planning (ERP) systems with greater speed and accuracy.

Supply Chain Software 246

Supply Chain Software Supply Chain Planning Software Optimal Sourcing Agile and Lean Supply Chain 246

Logility

AUGUST 25, 2020

Management must be cognizant of issues of procurement, manufacturing, inventory, and distribution that impact satisfaction and loyalty. Warehousing and transportation costs. Daily supply KPIs are related to the interaction between your suppliers, procurement and production. First contact resolutions. Labor utilization.

Supply Chain Planning Software 173

Supply Chain Planning Software Supply Chain Design Software Agile and Lean Supply Chain Supply Chain Software 173

Supply Chain Movement

JUNE 11, 2021

Does it refer to the global central procurement of raw materials and components, or the centralized control of transport (which may or may not be performed by a logistics service provider)? As far as forward-thinking companies are concerned, control towers are passé in 2021.

Manufacturing Procurement 78

Manufacturing Procurement Scenario Planning Supply and Demand Supply Chain Planning 78

Supply Chain Game Changer

NOVEMBER 16, 2022

Why Procurement Transformation Can Fail! The duties of procurement managers are diverse, ranging from creating solicitations to collaborating with vendors. The importance of digital procurement is increasing rapidly. Along with cost savings, procurement managers are focusing on optimizing and automating processes.

Optimal Sourcing 19

Optimal Sourcing Procurement Analytics Manufacturing Procurement Supply Chain Software 19

The Logistics & Supply Chain Management Society

SEPTEMBER 14, 2021

Through utilising a transport management system (TMS), logistics supply chain providers can offer real-time data and visibility across the supply chain. When it comes to transport, organisations will have visibility of shipments in the network, type of vehicles required for delivery, ensuring optimised loading capacity.

Supply Chain Planning Software 223

Supply Chain Planning Software Supply Chain Software Modeling Software Forecasting Software 223