Transportation Sourcing in an Omni-channel World

Talking Logistics

Unfortunately, many retailers are jumping in without a plan — that is, they are taking a short-term, silo’ed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. Also, is multi-functional engagement important and, how does omni-channel impact transportation sourcing? In addition, Jim says many retailers are facing inventory management challenges in the realm of “ship from store” and “pickup at store” fulfillment models.

Why Get a Product Sourcing Agent?

Supply Chain Game Changer

Product Sourcing Agent article and permission to publish here provided by Joyce Chen at Epic Sourcing. Sourcing agents are an effective way of finding the most suitable supplier. Who is a Product Sourcing Agent? Why Get a Product Sourcing Agent? Subscribe Here!

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Time to Rethink Sourcing Rare Earth Elements

Supply Chain Game Changer

Strategic National Stockpiles and Sourcing for the National Interest! These Rare Earth Elements have long ago been abandoned for mining and processing here in the United States and are part of our reliance on Chinese sources of supply. sourcing #rareearthelements. Subscribe Here!

Make Freight Sourcing More Efficient!

Supply Chain Game Changer

Freight sourcing team article and permission to publish here provided by Katharine Barrios at xeneta.com. 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. These are the must-haves for any effective freight sourcing team. Freight Shipping Intelligence.

The Pros and Cons: International and Domestic Sourcing

Unleashed

It’s easy to oversimplify the differences between sourcing for parts locally or internationally. When considering where to purchase from, the prevailing idea seems to be that domestic sourcing allows for better control and shorter lead time, but international sourcing is more cost-effective.

5 Benefits of Global Sourcing in Supply Chain Management

EC Sourcing Group

5 Benefits of Global Sourcing in Supply Chain Management. When the topic of global sourcing comes up, procurement managers often balk at global sourcing in supply chain management because they worry they will have to sacrifice quality or delivery when using global suppliers.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

Check out What is Virtual Procurement and Why Should You Care? Doing business with suppliers located overseas or in another country can be an overwhelming and daunting task even for expert Sourcing professionals. But beyond that he had no idea on where to start to source his product. Large companies can afford to have Strategic Sourcing Procurement staff around the world. This contract needs to be between you and your Sourcing agent and with your suppliers.

The 10 Procurement Metrics that Matter in 2021

Unleashed

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Contemporary business procurement has evolved and is now largely value-driven.

What Is Procurement in Freight

The Supply Chain Journal

For management, one of the most critical aspects of shipping and inventory management is the concept of procurement in freight. Freight capacity procurement, therefore, focuses on how much load space or capacity is available on a railroad car, truck or van, vessel, or aircraft.

Supply Chain and Procurement Transformation in 2021

Bristlecone

Today, despite COVID-19 slowing maritime traffic, piracy is thriving off the coast of West Africa and two of the shipping industry’s key players suffered cyberattacks just ahead of their peak season. How does digital transformation benefit procurement?

Drop Shipping: A Perfect Fit for Supply Chain Operating Networks

Talking Logistics

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.

What Are the Goals of Procurement Management?

EC Sourcing Group

What Are the Goals of Procurement Management? The goals of procurement management are generally to acquire goods and services with the highest quality at the lowest cost to create an end product. Finding Your Own Goals in Procurement. Blog eSourcing Procurement

From Exports to Delivery: Simplifying PPE Shipping

CH Robinson Transportfolio

Over the past several months, China has been the main source for PPE. For a closer look at how China’s regulations impact PPE shipping, check out our recent PPE exporting video featuring our director of product development, Vincent Wong. FCL and LCL expedited ocean shipping.

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

GlobalTranz

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. Procurement

ANCA Streamlines Procurement with the QAD Supplier Portal

QAD

Inevitably, the procurement process is complex and challenging to manage. ANCA builds their machines in Australia but these precision components are sourced from around the world. Procurement System Improvement Goals. Streamlined Component Procurement.

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

GlobalTranz

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?

Smart Sourcing Bots Are Taking On Air Freight Procurement

Supply Chain Brain

One area that’s especially ripe for transformation is in the sourcing of air-freight shipping, for which demand continues to skyrocket as capacity remains scarce

Putting Procurement Front and Center of Your Supply Chain

Oracle SCM

Procurement professionals are now playing an increasingly strategic role within their organizations. Procurement of raw materials and components that go into the manufacturing process is essential to ensure final product quality and strong financial performance. By Mark Lauterbach.

Procurement Leading Pharmaceutical Companies Through the Pandemic

Jaggaer

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. Sourcing of alternate suppliers 57% Managing supplier risk (e.g.

How is technology transforming global sourcing ?

Claritum

Claritum Article - Procurement Blog. Does your business source products and services from global markets? If your company is sourcing goods and services internationally you could be reaping many benefits. However, you could also face many challenges when globally sourcing across geopolitical boundaries. Without good visibility, maximising the benefits from global sourcing is impossible, as it is impossible to track exactly how much is being spent.

Tariffs and Procurement: A perfect match?

Proxima

According to recent Procurement Leaders research , 40% of category managers are anticipating risk associated with tariffs. This makes it imperative for global sourcing strategies to include an analysis of tariffs. How Procurement fits into the equation.

‘New Normal’ Consequences: Soaring Container Shipping Rates

BlueYonder

Chart Source: Freightwaves). A good logistics procurement solution can help customers navigate through these challenges by balancing contracted capacity versus SPOT/digital freight brokerage.

Sourcing promotional products the right way

Claritum

However, it is important for companies to manage the process of sourcing promotional goods effectively. A lot of time and energy can be spent inefficiently sourcing the goods, which can be bought from a huge variety of suppliers at vastly differing prices and quality. And as many suppliers are based in the Far East, buyers need to understand local pricing, duties, testing and shipping to ensure they receive the right product to enhance their promotional strategy.

How Retailers Can Use Supply Chain Technology to Get Ahead

CH Robinson Transportfolio

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.

DC 34

Podcast: Rob O’Byrne on Digital Transformation, Sustainability, and Diversification in Sourcing

Requis

Sourcing has probably been the biggest thing over the last decade or two, coupled with that reduction in local manufacturing of course. Sourcing is now predominantly overseas: China is one of the big sourcing countries of course, along with India, Pakistan and Bangladesh, Vietnam and Thailand.

How Retailers Can Use Supply Chain Technology to Get Ahead

CH Robinson Transportfolio

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.

DC 34

Imbalanced Investments: Transportation Spending vs. Procurement Technology (Part 1)

Supply Chain Network

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

Why SMEs May Lead a Shift Away from China Sourcing

Logistics Bureau

The Coronavirus pandemic has raised concerns over China sourcing, accelerating the trend in businesses around the world seeking secondary sourcing countries. Why SMEs May Lead a Shift Away from China Sourcing. In other words, manufacturing and sourcing is returning to the US.

Incorporating Supplier CSR Ratings In The Sourcing Process: The Basics

EcoVadis

Today we welcome a guest blog post from procurement practitioner. Alis Hemmingsen, Category Manager at Velux, who also blogs at Responsible Procurement Excellence. Finding, evaluating and selecting suppliers is a process which is key to any procurement professional. Now that sustainability has risen to be one of the most highly visible topics for customers and stakeholders, management teams face the challenge of “How do you incorporate CSR ratings in the sourcing process?”.

Procurement Technology: An Update from Spend Matters in Baltimore

NC State SCRC

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. 22,000 sourcing events. $50

Ship Smarter: How to Avoid Bottlenecks in Your Global Operations

ThroughPut

You can’t just turn around a giant cargo ship. And when shipping to volatile countries, it becomes even harder. companies with global operations, one of the most effective ways to mitigate risk is to ship smarter. Once cargo has shipped, there are no “backsies.”

[INFOGRAPHIC] Procurement Trends: Carving a Bigger Role in Supply Chain & Manufacturing

GlobalTranz

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. However, modern technologies are dramatically changing procurement trends and how procurement professionals operate and their role in the company. As a result, procurement seemed to have a technical speed limit.

Freight Procurement Solutions Are Transforming Supply Chains

Jaggaer

Why You Should Consider Freight Procurement Sourcing Solution. Procuring raw materials or finished goods is one thing, but the processing of moving those goods from one place to another brings its own set of challenges. Whether you’re in charge of ordering the “things” or managing how and where those things get from A to B, both sides of the procurement equation stand to benefit from freight procurement automation.

Supplier Management and Sourcing in the Fashion Industry – Under the Spotlight

Jaggaer

More than virtually any other sector, sourcing and supplier management in the fashion industry have been exposed to intense scrutiny in recent years, while the functions have become of increasingly strategic importance to business success. Factories around the world produce millions of items of clothing and accessories for top European and American brands, which are packaged, shipped and sold in every country worldwide. Digital transformation of procurement in fashion.

Italy 40

Managing the Procurement of Promotional Goods and Services

Claritum

Claritum Article - Procurement Blog. Problems with current sourcing methodologies. Sourcing the right way for Promotional goods and services. However, it is important for companies to manage the process of sourcing promotional goods effectively. Plus, the risks to a brand of sourcing from unethical sources is an increasing problem for organisations. Source: PPAI Research. Source: PPAI Research. Contents. Introduction.