10 Key Logistics & Procurement Supply Chain Practices to Know and Master to Reduce Spend.

Cerasis

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. As a result, an external benchmarking tool , explains Olga Rissin of CHAINalytics , offers the benefits of reducing internal spend and accessing outside data, which further drives competitive advantage and lower spend in managing the procurement supply chain. However, 48 to 72 hours would be an ideal lead time, reports Steve Raetz of Logistics Viewpoints.

2017 Warehouse Capacity Economics and Trends Report

FLEXE

Nowhere is this more evident than the warehouse. In 2015, 12% or respondents reported subleasing space. On the other hand, for those with excess inventory in need of more space, it’s surprising how many respondents have to rely on traditional methods for procuring space. How a more dynamic warehousing solution can help solve for both under- and over-capacity. The post 2017 Warehouse Capacity Economics and Trends Report appeared first on FLEXE.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Warehouse Cost Savings: 5 Key Areas of Focus and 13 Practical Objectives

Cerasis

A Director of Operations, Warehouse Director or Manager, or even the Director of Supply Chain or Logistics, are always in the pursuit of continuous improvement as well as warehouse cost savings in both time and money. In today's modern society, often, the stop gap in efficient productivity in your warehouse is typically one of two things: bad process & getting caught up in the weeds of tactics. 5 Key Areas to Focus on in the Pursuit of Warehouse Cost Savings.

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. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. The simplest way to think of procurement logistics is the procurement of materials needed to manufacture products. What Is Procurement Management?

Report Points to Increase of Shippers Outsourcing Transportation Management Due to These 4 Core Benefits

Cerasis

A distributor or manufacturer’s strength is in making product—its focus is procurement and streamlining production, but without the capability to fulfill orders, it is doomed. According to a recent report from Evan Armstrong of Armstrong & Associates, the 3pl industry is expected to see even more growth in the coming years than it saw from 2010-2013. Warehouse management demand is also strong, accounting for 19 percent of all demand.

Procurement – How to Enable Spend Aggregation!

Supply Chain Game Changer

Check out Procurement: The Spend Aggregation Obstacle Course! Aggregating your procurement spend for the purpose of delivering greater value is a sound objective. We discussed these in greater detail in our post Procurement (Part 1!) – The Spend Aggregation Obstacle Course! I have been in the Procurement organization trying to get our arms around spend. This may be the head of Procurement, the CFO, the COO or the CEO. Clear Reporting.

Effective Warehouse Management in an Omnichannel World

Cerasis

An effective warehouse management strategy is key to staying competitive and meeting consumers’ expectations in the omnichannel world. Knowing the available inventory and assets only in distribution centers is inefficient and lacks value, but when applied across an entire supply chain network, inventory visibility propagates effective warehouse management. As a result, stores and regional warehouses end up overstocked or understocked, and carrying costs soar.

Warehouse of the Future: The Adoption of Technology within the Distribution Center – Part 2 of 3

Supply Chain Nation

In part 1 of this blog series, we took a look at how innovation is changing the supply chain and the evolution of different warehouse types and processes. In part 2 of this 3-part series, which is based around The Warehouse of the Future report, we’re going to take a deeper dive into the adoption of technology within the distribution center (DC), how technological innovation processes in DCs are poised to change over the next few years and the path and obstacles to automated DCs.

DC 126

5 Reasons Why You Should Go for Paperless Warehousing

Vinculum

Warehousing is critical in movement of goods from manufacturer to the end customer. Whenever we come across this term ‘Warehouse’, we imagine a big closed place which is used for storage of the goods to be transported, whether inbound or outbound, trucks moving to and fro, lot of labourers would be working etc. The Indian warehouse market was worth INR 561 Billion in 2018. To cater this market demand investors are investing heavily in warehousing projects.

IoT Inspired Smart Warehouses Are Reinventing Inventory Management

Cerasis

The internet allows for unlimited scalability and boosted efficiency in warehouse inventory management. The so-called “smart warehouse” takes advantage of these defining factors by connecting systems to streamline inventory management and overall productivity. Warehouse managers must understand why changes of standards and use of the Internet of Things (IoT) are needed and how smart warehouses can meet the demands of today and tomorrow.

4 Ways To Improve Procurement For Increased Customer Satisfaction

Slimstock

Andrew Thomas, founder of Skybell Video Doorbell, reports that it takes roughly 40 positive customer experiences to undo the damage of a single negative review. Though it’s often overlooked as an element of customer satisfaction, procurement is an essential component for delivering that satisfaction. Procurement involves buying goods and services that keep an organization operating; it ensures warehouses are well-stocked with the proper supplies at all times.

$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 increasing service levels such as e-commerce and same-day delivery are influencing retailers to invest further in the warehouse industry. The growth of retail and FMCG goods has been the main driver for the industrial warehouse industry.

Contingent Workforce is a Major Focus for Procurement

NC State SCRC

Brian Hoffmeyer from IQ Navigator, a procure to pay solution, spoke today at IBM’s Empower event on this trend, and the implications for procurement. Contingent labor spans everything from temporary warehouse workers, consultant, and project workers. It helps to manage the procure to pay process for contingent labor – and helps to manage workflows. Analytics Category Management Contract Management Labor and Human Rights in the Supply Chain Procure to Pay

What Is Driving Interest for a Warehouse Management System in the Cloud?

Cerasis

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. Ultimately, supply chain executives need to understand the challenges of a traditional WMS, and why a Warehouse Management System in the cloud is a viable solution with key benefits. What’s a Warehouse Management System in the Cloud? Technology Warehouse

System 161

Why You Should Be Using Business Reports

Unleashed

Writing a report might not be at the top of your priority list at the moment, but business reports are a critical part of running a successful company. When you’re able to produce good business reports, you’ll be able to save time, money and see a tangible shift in the way your company runs and addresses the future. Business reports compile a snapshot of what is going on in a business at a certain point in time. What’s the reason for doing a business report?

Warehouse Cost Reductions: 3 Understandings Driven By Inventory Management & Lean Principles

Cerasis

This is the second part of my series on various ways to reduce overall costs as it relates to logistics and warehouse cost reductions. Today, I will now address how a focus on inventory will allow for warehouse cost reductions as well. A Focus on Inventory Control Begets Warehouse Cost Reductions. If you are looking for warehouse cost reductions, chances are you are stocking too much inventory. Understand "Hidden Costs" in the Warehouse Cost Reductions Quest.

Lean 191

Flying Warehouses! And Mobile Fulfillment Centers that Exist Today

FLEXE

Illustrations in the filing show a flying warehouse, which would remain at high altitudes as drones fly back and forth between the warehouse and nearby shipping destinations. The flying warehouse is designed to do things like hover over stadiums and restock concession stands in real-time. Leading e-retailers are using pop-up fulfillment centers to augment their supply chain to do similar things as the flying warehouse might do. The post Flying Warehouses!

KraftHeinz Procurement Bends to 3G Capital’s Policies: How’s it Working Out for You?

NC State SCRC

Several stories came out this week, related to KraftHeinz’s share price, its procurement department, and the fate of its parent company, 3G Capital. First, Fortune reported that the stock price of Kraft Heinz plunged 20% late Thursday after the food giant disclosed it received a subpoena from the Securities and Exchange Commission and reported a large net loss due to the reduction of goodwill in some of its best-known brands. The company reported $30.9

Procurement Dashboards – 2020 analytical vision

Claritum

Claritum Article - Procurement Blog. Follow our 5 steps for 2020 procurement dashboard vision. Choose your reporting tools. Follow our 5 steps for 2020 procurement dashboard vision. Why build procurement dashboards? With the huge amount of business information available and data visualisation tools to use, dashboards have become essential tools for Procurement. Identifying the key information requirements for your procurement dashboards is critical.

The user experience ensures that procurement policy is followed

ivalua

For those companies, like Ivalua ,that develop a software solution for the Procurement Departments of large groups, paying attention to the user experience means ensuring better adoption of our software and, in the end, an increased compliance with procurement policy for our customers. Some of our customers report that having a modern interface and up-to-date user ergonomics helps them attract talent , most notably Generation Y technology adepts.

Supply Chain Management:BIRT Reporting Redefined!!

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. « Asset Management on Cloud | Main | Collaborative Platform for Enterprise of Future » BIRT Reporting Redefined!! Reporting is an important aspect of any Enterprise Asset Management (EAM) package implementation and upgrade program and it contributes directly towards the success or failure of the program. Procurement Blog. About Us.

Warehouse of the Future: The Adoption of Technology within the Distribution Center – Part 2 of 3

Supply Chain Nation

In part 1 of this blog series, we took a look at how innovation is changing the supply chain and the evolution of different warehouse types and processes. In part 2 of this 3-part series, which is based around The Warehouse of the Future report, we’re going to take a deeper dive into the adoption of technology within the distribution center (DC), how technological innovation processes in DCs are poised to change over the next few years and the path and obstacles to automated DCs.

DC 40

Logistics Cost Reduction: 6 Focuses to Create More Profit

Cerasis

According to the CSCMP's "State of Logistics" Report from 2015, logistics costs now make up over 8% of the GDP. Ensure that your warehouse operation is safe. Analyze labor reduction for any warehousing operation. There are Labor Management Software systems that can help manage work in the warehouse. Incentive programs for warehousing employees do work. Try warehouse mobility in your four walls. The layout of your warehouse can save you money.

Procuring Logistics Services is Not the Same as Buying Paper Clips

Talking Logistics

In a Forbes blog post last week, Kate Vitasek highlighted an issue that continues to negatively affect 3PL-customer relationships: Procurement organizations looking to shift more and more risk on third-party logistics providers — while, of course, also demanding lower costs. And service, the study reports, was the primary driver. Procuring logistics services is not the same as buying paper clips, yet that’s how many procurement organizations approach it.

This Week in Logistics News (June 20-24, 2016)

Talking Logistics

Behind those Amazon Prime boxes, a bull market in warehouses (Reuters). Cass Freight Index Report – May 2016. From a supply chain perspective, Brexit will have a ripple effect on procurement, trade agreements, customs, and other areas. In other news, The Council of Supply Chain Management Professionals (CSCMP) released its 27th Annual State of Logistics Report, which revealed that “total U.S. As reported in the Wall Street Journal : Werner Enterprises, Inc.,

Ultimate guide to technologies that are transforming supply chains

6 River Systems

Artificial Intelligence & Machine Learning A variety of other technologies, such as robots and advanced warehouse management systems, leverage Artificial Intelligence (AI) and Machine Learning (ML) for data-driven decision-making. Robotics enabled with AI and ML augment the work of humans in warehouses and distribution centers. Inventory optimization: Coupled with demand forecasting, predictive analytics enables warehouses and DCs to optimize inventory levels.

Procurement Dashboards – 2020 analytical vision

Claritum

5 steps for 2020 procurement dashboard vision. Why build procurement dashboards? If you spend a lot of your time analysing detailed data feeds and generating summary reports. Then you could benefit from building procurement dashboards. With the huge amount of business information available and data visualisation tools to use, dashboards have become essential tools for Procurement. Start by considering what your procurement dashboards need to contain.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. Ultimately, supply chain executives need to understand the challenges of a traditional WMS, and why a Warehouse Management System in the cloud is a viable solution with key benefits. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

What Is Driving Interest for a Warehouse Management System in the Cloud?

Veridian Solutions

Interest for a Warehouse Management System in the cloud has risen as companies attempt to stay competitive with Big Box Retailers and Amazon, but those are not the only factors driving investment in cloud-based WMS. Ultimately, supply chain executives need to understand the challenges of a traditional WMS, and why a Warehouse Management System in the cloud is a viable solution with key benefits. A Guide to the Warehouse Metrics Supply Chain Execs Should Track.

28 supply chain professionals share the biggest challenges of supply chain management

6 River Systems

Our supply chain involves a contract manufacturer, a third-party testing facility, warehouses to store inventory and a freighting company. For example, if my contract manufacturer is late with an order it can cause me to incur excess costs with the freighting and warehousing companies, respectively. This initially necessitated the expansion of our warehousing provision, revision of our stock rotation and warehousing policies and associated costs, which we had to bear.

50 expert tips on logistics planning and strategy

6 River Systems

Implement supply chain actions, including with internal procurement teams, with suppliers and through broader collaboration, and develop measurable targets for these efforts. “As for your internal systems, real-time inventory management helps you manage your fulfillment warehouses. After all, one of the more difficult aspects of managing warehouses is what to do with excess inventory, so you need to reduce it as much as possible.” Warehouse Operations

The Way to Real Time Supply Chain

The Logistics of Logistics

A new Bloomberg Business Week Research Services survey and report makes it clear that innovative supply chain tools are widely acknowledged to be crucial to meeting corporate goals now and in the future as supply chains grow more complex, customers become more demanding and globalization accelerates. This enables companies to respond swiftly to customer requirements, procure parts earlier, plan parts inventory more effectively and unlock service parts profit potential.

Supply Chain Management:Flying Robots in a Warehouse?

Infosys Supply Chain Management

Sourcing & Procurement. Sourcing & Procurement. ProcureEdge – Sourcing & Procurement. » Flying Robots in a Warehouse? Well, this may appear strange but having watched Vijay Kumar and his teams innovation on flying robots in TED - [link] , it struck to me that these little robots can do wonders in warehousing operations. Procurement Blog. Sourcing,Procurement,Contract & Spend Management (38). About Us. Contact Us.

Supply Chain Movement 14 – 3PL

Supply Chain Movement

So far, however, no logistics service provider offers complete European coverage in terms of both warehousing and transport. Most of the data associated with processes such as Order to Cash, Materials to Products and Procure to Pay are in your SAP ERP system. Reports 3PL Lars Syberg shippers tendering Tiger Stores Contents Supply Chain Movement 14 – 2014 Q3. 7 | News & Background. - The impact of big data on the value chain. Winner and Loser of the last quarter.

3PL 73

The Future of Supply Chain Belongs to Those Who Can Find the Talent!

Supply Chain Game Changer

They must oversee inbound and outbound inventory, manage warehouse space , consider order processing, handle employee complaints, report to stakeholders, supervise new system implementation and address the looming skills gap. As explained by Doug Reed, MHL Executive Vice President, reports MHI Solutions , supply chain executives should make this possible by following these steps: Implement a strong change management plan. Subscribe Here! Email Address.