Expert insights. Personalized for you.
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. The post Procurement Leading Pharmaceutical Companies Through the Pandemic appeared first on Jaggaer. MORE
In the foodservice industry, there are few better examples of great procurement management than McDonald's. Excellent procurement is part of the reason that McDonald's has been able to grow from a small family barbecue restaurant into a global conglomerate with more than 35,000 restaurants in over 110 different countries. Today's food industry supply chain operators would do well to learn from the excellent procurement management example that McDonald's has set. MORE
Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Over the past few decades, companies have realized that the way they bring products to market – from sourcing parts and services, to manufacturing, to shipping, to distribution – isn’t just a practical necessity, but an avenue for competitive advantage. Whereas different Supply Chain functions used to be siloed (planning, operations, procurement, etc.), Subscribe Here! Email Address. MORE
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. The Comprehensive Full Truckload Shipping White Paper. Full Truckload Procurement MORE
Robinson, dedicate their entire work to analyzing the opportunities and gaps in ordering, shipping, transportation, and receiving for companies large and small. When quick shipping is a must, having the ability to respond to a high volume of orders from many locations requires a denser infrastructure than most retailers have. Good third party providers have the resources to set up flexible supply chain solutions that dynamically adjust to consumer demand. MORE
When starting your importation business, finding the primary resources required is one of the first and most vital steps. Manage logistics and shipping. Guest Blog Post Procurement Retail Supply Chain Procurement OutsourcingSubscribe Here! Email Address. MORE
A shipping capacity crunch is a necessary evil. Unfortunately, a shipping capacity crunch tends to occur during already stressed periods, like winter, after tropical storms and during peak shopping seasons. 3PLs Bring Better Freight Shipping Rates During Shipping Capacity Crunch Hikes. Part of the problem with a shipping capacity crunch is lackluster networking. Multimodal Shipping Is a Key Benefit of Working With 3PLs. MORE
The most effective way to streamline procurement activities is to include a well-considered purchase order cycle as part of your purchasing processes, one that allows you to plan for expenses and budget for the costs of doing business. The purchase order life cycle is the set of steps taken to process a purchase order to procure goods for your business and it includes the following steps: 1. Business Tips procurement purchase order purchase orders MORE
It involves the planning, processes, resources and execution required to facilitate the movement of materials and information between various nodes from the lowest tier supplier through to the end customer and everyone in between. Drop shipping is another example of eliminating unnecessary and redundant material movement and transportation. drop shipping) of goods between a supplier and end consumer is the most efficient, disintermediated supply chain. Subscribe Here! MORE
Low-cost country sourcing is a procurement strategy that falls under a broad category of procurement efforts called global sourcing. This strategy involves a country from a high-cost country area — typically US, UK, Canada, Australia, and West European nations — purchasing materials from resource-rich low-cost countries; think China, India, Indonesia, Bolivia, Brazil, Russia, Mexico, and East European nations. Shipping costs. Resource availability. MORE
The Experts’ Choice of the Top Online Logistics Resources. Shipping Gazette Daily News. One of the most comprehensive daily summaries, and by far the leading Asian-based summary, China’s Shipping Gazette provides daily information about carriers, forwarders and technology. Since 1974 with industry-leading expertise in, well, American shipping. World Civil Aviation Resource Net. MORE
The question of necessity affects full truckload shipping decisions, and shippers might overlook full truckload options. However, shippers do need full truckload shipping, but they need to know how to take advantage of it properly to avoid ballooning freight spend and shipping costs. The Issue: Shippers Face More Challenges When Trying to Avoid Full Truckload Shipping. Spring shipping has not yet peaked & therefore, shippers need to prepare now. MORE
Manufacturers and distributors are looking to expand their sales channels and get more of their brands in the hands of customers to generate loyalty, which can mean drop shipping on behalf of retailers looking to expand their product assortments. This will increase the customer’s product and shipping options. It is possible, but it would be a very manual process, with many emails and spreadsheets sent between procurement and vendors. MORE
Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy. Next up was Dan Carrell, Vice President of Global Procurement at IBM. MORE
Shippers face an onslaught of information in the digital age and often, due to this information overload, shippers find navigating the complex world of shipping challenging. In the modern era, it can be difficult for shippers to identify the best way to achieve cost savings, reduce risk and ensure optimal use of time in the procurement of transportation. Defining Full Truckload Shipping. Full truckload shipping refers to the use of an entire truck for a given shipment. MORE
Inevitably, the procurement process is complex and challenging to manage. Machines can’t be built and shipped without having the right parts in inventory , but at the same time, keeping parts on the shelf consumes space and cash. Procurement System Improvement Goals. Recognizing the vital importance of procurement to their business, ANCA management set about finding a tool to help. Streamlined Component Procurement. ANCA builds CNC tool grinding machines. MORE
Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. Here’s the cliff-note version of the results; the full report is worth a thorough read : Transportation planning is sorely inefficient: According to the survey, only 25 percent of buyers are using a completely systems-based approach for procurement. Freight & Transportation Information Technology PaulMartyn Procurement MORE
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. This does not mean shipping a product immediately. MORE
Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. When it comes to flatbed shipping, each industry faces unique challenges in seasonality, regulation, competition, and scalability. MORE
Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. Selecting the right Procure to Pay software will preserve you from failed deployments. MORE
The Insight Hub doesn’t just give us an opportunity, for the first time, to house all this industry leading content in one place, it also gives us the scope, resources and platform to create, commission and curate a far broader collection of business-critical intelligence than ever before. In addition, you can’t really understand the full picture of supply chain risk without listening to a webinar we ran entitled: COVID-19: Implications on Inventory Planning, Sourcing and Procurement. MORE
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? MORE
Cerasis is excited to announce the release of an all new, exclusive, & educational resource “The Ultimate Guide to Full Truckload Shipping Part 1: Background, Challenges, Process, and Best Practices for Full Truckload Shipping” white paper! In this white paper you learn: What is Full Truckload Shipping & How FT differs from other over-the-road modes. The Challenges & Benefits of Full Truckload Shipping. MORE
With regards to blank sailings continued by shipping lines for the 1st week of June 2M and The Alliance have cancelled couple of sailings mainly in the transpacific trade lane. MORE
This added area of focus can leave many operators feeling strapped for time and resources. Today, many in the restaurant industry take advantage of outsourcing to lower resource costs, increase efficiency, and gain greater expertise. MORE
Seasoned Leadership in Action™ – An Interview with Kristie Syndikus, VP Procurement at Maple Leaf Foods! Other industries that don’t ship physical goods (for example Financial Services or Insurance) have adopted sophisticated Strategic Sourcing methodology for their Procurement. MORE
And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Borders were closed, air travel curtailed if not suspended outright, cruise ships were quarantined, tourism plummeted, restaurants and theatres were closed, and entertainment and sporting events and leagues were cancelled. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer. MORE
According to recent Procurement Leaders research , 40% of category managers are anticipating risk associated with tariffs. May be levied for revenue generation or resource protection…or both. would result in charging $30 per pound of widgets shipped whether widget sold for $100 or $200 per pound. How Procurement fits into the equation. This is where Procurement comes in. The post Tariffs and Procurement: A perfect match? MORE
This complexity is certainly evident in global logistics and ocean shipping, where shippers encounter many barriers to enabling a streamlined process, including: Inefficient Processes : A lot of shippers resort to manual processes to procure capacity and communicate shipment details with the many parties involved in ocean movements. This not only saves money and internal resources, but also reduces the opportunity for human error. MORE
Similarly it can be difficult to get resources and the commitment to spend time and money on these initiatives. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain ManagementSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer. MORE
Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. Knowing the cargo, the packing, and shipping requirements will enable the team to select the most suitable supplier from the database. Freight Shipping Intelligence. The shipping industry is fragile in nature. MORE
Robinson, dedicate their entire work to analyzing the opportunities and gaps in ordering, shipping, transportation, and receiving for companies large and small. When quick shipping is a must, having the ability to respond to a high volume of orders from many locations requires a denser infrastructure than most retailers have. Good third party providers have the resources to set up flexible supply chain solutions that dynamically adjust to consumer demand. MORE
With regards to blank sailings continued by shipping lines for the 1st week of June 2M and The Alliance have cancelled couple of sailings mainly in the transpacific trade lane. There has been a substantial growth in the number of containers cleared at Nhava Sheva and Mundra yet a lot more are to be cleared but as per the port authorities they have got back their resources and in the coming week more number of containers are expected to be cleared and delivered. . MORE
Unfortunately, shippers may overlook the biggest obstacle to omnichannel, developing effective e-commerce shipping practices. To avoid the retail apocalypse and achieve omnichannel success, shippers need to understand the challenges of e-commerce shipping, how it contributes to omnichannel success and a few tips to succeed in it. According to Stacey Rudolph of Business2Community, e-commerce shipping is complicated with an average return rate of 30 percent. MORE
As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock. MORE
A partial closure at the border based on port of entry or days of the week to reassign more resources to processing people. Actively communicate with your procurement team. Make sure that all internal team members and external customers understand the current volatility and are validating purchase orders before being shipped to or from the border. Resources to monitor the situation. On March 27, U.S. MORE
Freightos
AUGUST 26, 2015
The Experts’ Choice of the Top Online Logistics Resources. Shipping Gazette Daily News. One of the most comprehensive daily summaries, and by far the leading Asian-based summary, China’s Shipping Gazette provides daily information about carriers, forwarders and technology. Since 1974 with industry-leading expertise in, well, American shipping. World Civil Aviation Resource Net.
Cerasis
SEPTEMBER 14, 2016
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. This does not mean shipping a product immediately.
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Talking Logistics
FEBRUARY 9, 2017
As reported last month by Jennifer Smith in the Wall Street Journal , “A growing number of retailers are relying on suppliers to ship online orders directly to customers, a strategy they hope will help them compete with e-commerce rivals without spending more on inventory. The practice, known as drop shipping, lets retailers offer more products for sale on their websites—such as multiple colors of the same sweater—without having to keep those items in stock.
Cerasis
SEPTEMBER 12, 2016
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?
CH Robinson Transportfolio
NOVEMBER 19, 2020
Flatbed shipping is an important contributor to the overall economy as several key industries leverage this solution for the movement of their critical freight. When it comes to flatbed shipping, each industry faces unique challenges in seasonality, regulation, competition, and scalability.
Cerasis
SEPTEMBER 11, 2018
Unfortunately, shippers may overlook the biggest obstacle to omnichannel, developing effective e-commerce shipping practices. To avoid the retail apocalypse and achieve omnichannel success, shippers need to understand the challenges of e-commerce shipping, how it contributes to omnichannel success and a few tips to succeed in it. According to Stacey Rudolph of Business2Community, e-commerce shipping is complicated with an average return rate of 30 percent.
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Jaggaer
AUGUST 18, 2020
From early on in the Covid-19 pandemic , and for pretty obvious reasons , procurement in healthcare and pharmaceuticals has been in the spotlight like never before. The post Procurement Leading Pharmaceutical Companies Through the Pandemic appeared first on Jaggaer.
EFT
MAY 19, 2020
The Insight Hub doesn’t just give us an opportunity, for the first time, to house all this industry leading content in one place, it also gives us the scope, resources and platform to create, commission and curate a far broader collection of business-critical intelligence than ever before. In addition, you can’t really understand the full picture of supply chain risk without listening to a webinar we ran entitled: COVID-19: Implications on Inventory Planning, Sourcing and Procurement.
Cerasis
JANUARY 3, 2018
A shipping capacity crunch is a necessary evil. Unfortunately, a shipping capacity crunch tends to occur during already stressed periods, like winter, after tropical storms and during peak shopping seasons. 3PLs Bring Better Freight Shipping Rates During Shipping Capacity Crunch Hikes. Part of the problem with a shipping capacity crunch is lackluster networking. Multimodal Shipping Is a Key Benefit of Working With 3PLs.
Unleashed
SEPTEMBER 16, 2019
The most effective way to streamline procurement activities is to include a well-considered purchase order cycle as part of your purchasing processes, one that allows you to plan for expenses and budget for the costs of doing business. The purchase order life cycle is the set of steps taken to process a purchase order to procure goods for your business and it includes the following steps: 1. Business Tips procurement purchase order purchase orders
Proxima
NOVEMBER 21, 2019
According to recent Procurement Leaders research , 40% of category managers are anticipating risk associated with tariffs. May be levied for revenue generation or resource protection…or both. would result in charging $30 per pound of widgets shipped whether widget sold for $100 or $200 per pound. How Procurement fits into the equation. This is where Procurement comes in. The post Tariffs and Procurement: A perfect match?
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Supply Chain Network
AUGUST 6, 2012
Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. Here’s the cliff-note version of the results; the full report is worth a thorough read : Transportation planning is sorely inefficient: According to the survey, only 25 percent of buyers are using a completely systems-based approach for procurement. Freight & Transportation Information Technology PaulMartyn Procurement
Cerasis
APRIL 5, 2018
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. The Comprehensive Full Truckload Shipping White Paper. Full Truckload Procurement
CH Robinson Transportfolio
APRIL 30, 2019
Robinson, dedicate their entire work to analyzing the opportunities and gaps in ordering, shipping, transportation, and receiving for companies large and small. When quick shipping is a must, having the ability to respond to a high volume of orders from many locations requires a denser infrastructure than most retailers have. Good third party providers have the resources to set up flexible supply chain solutions that dynamically adjust to consumer demand.
Cerasis
MARCH 29, 2018
The question of necessity affects full truckload shipping decisions, and shippers might overlook full truckload options. However, shippers do need full truckload shipping, but they need to know how to take advantage of it properly to avoid ballooning freight spend and shipping costs. The Issue: Shippers Face More Challenges When Trying to Avoid Full Truckload Shipping. Spring shipping has not yet peaked & therefore, shippers need to prepare now.
CH Robinson Transportfolio
APRIL 30, 2019
Robinson, dedicate their entire work to analyzing the opportunities and gaps in ordering, shipping, transportation, and receiving for companies large and small. When quick shipping is a must, having the ability to respond to a high volume of orders from many locations requires a denser infrastructure than most retailers have. Good third party providers have the resources to set up flexible supply chain solutions that dynamically adjust to consumer demand.
AFFLINK
MARCH 6, 2017
In the foodservice industry, there are few better examples of great procurement management than McDonald's. Excellent procurement is part of the reason that McDonald's has been able to grow from a small family barbecue restaurant into a global conglomerate with more than 35,000 restaurants in over 110 different countries. Today's food industry supply chain operators would do well to learn from the excellent procurement management example that McDonald's has set.
Supply Chain Game Changer
NOVEMBER 24, 2018
Argentus is a boutique recruitment firm focused on Supply Chain and Procurement. Over the past few decades, companies have realized that the way they bring products to market – from sourcing parts and services, to manufacturing, to shipping, to distribution – isn’t just a practical necessity, but an avenue for competitive advantage. Whereas different Supply Chain functions used to be siloed (planning, operations, procurement, etc.), Subscribe Here! Email Address.
Supply Chain Game Changer
DECEMBER 10, 2020
When starting your importation business, finding the primary resources required is one of the first and most vital steps. Manage logistics and shipping. Guest Blog Post Procurement Retail Supply Chain Procurement OutsourcingSubscribe Here! Email Address.
CH Robinson Transportfolio
APRIL 2, 2019
A partial closure at the border based on port of entry or days of the week to reassign more resources to processing people. Actively communicate with your procurement team. Make sure that all internal team members and external customers understand the current volatility and are validating purchase orders before being shipped to or from the border. Resources to monitor the situation. On March 27, U.S.
ivalua
JANUARY 13, 2021
Difference Between Procure to Pay and eProcurement. Procure-to-Pay is the sequential process we described earlier. Eprocurement or e-procurement comes from electronic procurement. Selecting the right Procure to Pay software will preserve you from failed deployments.
Supply Chain Game Changer
SEPTEMBER 16, 2020
Seasoned Leadership in Action™ – An Interview with Kristie Syndikus, VP Procurement at Maple Leaf Foods! Other industries that don’t ship physical goods (for example Financial Services or Insurance) have adopted sophisticated Strategic Sourcing methodology for their Procurement.
NC State SCRC
MARCH 15, 2016
Today I travelled to Baltimore to attend the ISM/Spend matters Global Procurement Tech Summit. I will be speaking on procurement analytics tomorrow, but got to attend a set of great sessions over the first half of the day. The first speaker was Anne Rung, Administrator from the Office of Federal Procurement Policy. Next up was Dan Carrell, Vice President of Global Procurement at IBM.
Shipsy
MAY 12, 2020
With regards to blank sailings continued by shipping lines for the 1st week of June 2M and The Alliance have cancelled couple of sailings mainly in the transpacific trade lane. There has been a substantial growth in the number of containers cleared at Nhava Sheva and Mundra yet a lot more are to be cleared but as per the port authorities they have got back their resources and in the coming week more number of containers are expected to be cleared and delivered. .
Cerasis
MARCH 19, 2018
Shippers face an onslaught of information in the digital age and often, due to this information overload, shippers find navigating the complex world of shipping challenging. In the modern era, it can be difficult for shippers to identify the best way to achieve cost savings, reduce risk and ensure optimal use of time in the procurement of transportation. Defining Full Truckload Shipping. Full truckload shipping refers to the use of an entire truck for a given shipment.
Shipsy
MAY 12, 2020
With regards to blank sailings continued by shipping lines for the 1st week of June 2M and The Alliance have cancelled couple of sailings mainly in the transpacific trade lane.
Cerasis
MARCH 28, 2018
Cerasis is excited to announce the release of an all new, exclusive, & educational resource “The Ultimate Guide to Full Truckload Shipping Part 1: Background, Challenges, Process, and Best Practices for Full Truckload Shipping” white paper! In this white paper you learn: What is Full Truckload Shipping & How FT differs from other over-the-road modes. The Challenges & Benefits of Full Truckload Shipping.
CH Robinson Transportfolio
JULY 28, 2020
This added area of focus can leave many operators feeling strapped for time and resources. Today, many in the restaurant industry take advantage of outsourcing to lower resource costs, increase efficiency, and gain greater expertise.
Supply Chain Game Changer
OCTOBER 29, 2020
Freight sourcing and procurement is a critical component of the whole supply chain and is crucial to the success of the business. In order to achieve maximum efficiency in freight sourcing and procurement, you need a strong team to handle the requirements. Knowing the cargo, the packing, and shipping requirements will enable the team to select the most suitable supplier from the database. Freight Shipping Intelligence. The shipping industry is fragile in nature.
Unleashed
DECEMBER 15, 2019
Low-cost country sourcing is a procurement strategy that falls under a broad category of procurement efforts called global sourcing. This strategy involves a country from a high-cost country area — typically US, UK, Canada, Australia, and West European nations — purchasing materials from resource-rich low-cost countries; think China, India, Indonesia, Bolivia, Brazil, Russia, Mexico, and East European nations. Shipping costs. Resource availability.
Talking Logistics
MARCH 3, 2016
This complexity is certainly evident in global logistics and ocean shipping, where shippers encounter many barriers to enabling a streamlined process, including: Inefficient Processes : A lot of shippers resort to manual processes to procure capacity and communicate shipment details with the many parties involved in ocean movements. This not only saves money and internal resources, but also reduces the opportunity for human error.
Supply Chain Game Changer
MARCH 24, 2020
And with less manufacturing output there were fewer container ships leaving Asia full of goods meaning activity in ports in North America and Europe would slow down rather quickly. Borders were closed, air travel curtailed if not suspended outright, cruise ships were quarantined, tourism plummeted, restaurants and theatres were closed, and entertainment and sporting events and leagues were cancelled. Subscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
Supply Chain Game Changer
OCTOBER 8, 2019
It involves the planning, processes, resources and execution required to facilitate the movement of materials and information between various nodes from the lowest tier supplier through to the end customer and everyone in between. Drop shipping is another example of eliminating unnecessary and redundant material movement and transportation. drop shipping) of goods between a supplier and end consumer is the most efficient, disintermediated supply chain. Subscribe Here!
Talking Logistics
FEBRUARY 21, 2019
Manufacturers and distributors are looking to expand their sales channels and get more of their brands in the hands of customers to generate loyalty, which can mean drop shipping on behalf of retailers looking to expand their product assortments. This will increase the customer’s product and shipping options. It is possible, but it would be a very manual process, with many emails and spreadsheets sent between procurement and vendors.
Supply Chain Game Changer
JANUARY 12, 2021
Similarly it can be difficult to get resources and the commitment to spend time and money on these initiatives. Finance Freight and Logistics Inventory Management Procurement Risk Management Supply Chain ManagementSubscribe Here! Email Address. Subscribe to Supply Chain Game Changer.
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