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

Cerasis

Getting the raw materials needed to maintain production is one of the most important parts of the whole supply chain. However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. This is comparable to the Holy Trinity of Manufacturing and Shipping discussed earlier this year in previous blog posts. This does not mean shipping a product immediately.

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.

These 7 Industrial Procurement Trends will Impact Supply Chain & Logistics in 2018

Cerasis

Procurement must never be an afterthought in any enterprise. Manufacturers need to have the right raw materials and supplies available. Supply chain entities need to know vendors will be held accountable and adhere to the terms within vendor-supply chain partner service level agreements. Supply chain professionals must also know how they will be shipping freight. Companies Will Seek New Ways to Use Technology in Procurement.

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

Cerasis

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.

The Disintermediation of the Supply Chain!

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. A truly efficient and effective Supply Chain must include a strategy, plans, business processes, and performance metrics that incorporate disintermediation and the elimination of waste! Why Disintermediate the Supply Chain?

The Truth About Multi-stop Truckload Shipping

Talking Logistics

If you rely on multi-stop truckload shipping as part of your strategy, you owe it to yourself to learn how to work more effectively with your carriers—which can also improve acceptance levels for these loads and help you better control supply chain costs.

Supply Chain Quality: A Driver for Digital Transformation

Talking Logistics

Commercialization strategies evolve, supply chains expand, and production rates accelerate. Finished products have high ratios (average 50%) of sourced or procured product content. Today’s challenge is to lower the finished product defect rate by emphasizing supply chain quality. A digital transformation of the supply chain is needed to integrate quality attributes into the products we buy, move, and sell through the supply chain.

Supply Chain Artificial Intelligence Offers Wisdom to Supply Chain Management

Cerasis

Our previous discussion on augmented reality revealed a new trend in supply chain management , the use of computer-simulated imagery to enhance production and efficiency. However, artificial intelligence is poised to radically change the supply chain in profound ways.

Want better supplier adoption of your procurement portal? Start by asking your own sales staff.

OneSCM

In my conversations with mid-market companies looking to implement supply chain improvements, supplier adoption routinely ranks near the top of concerns. If it is to deliver on that promise, however, the supply base has to get on board. appeared first on TAKE Supply Chain.

Supply Chain Operating Networks Create Supply Chain Rockstars

Talking Logistics

With digital business-to-business (B2B) enhancements, industrial manufacturers can find prospective customers, research new suppliers, alert buyers to shipping delays and foster deeper trading partner relationships. Supply chain operating networks are real game changers.

Optimizing Your Supply Chain

Enterra Insights

” With that caveat in mind, I think I can assert every organization wants to optimize its supply chain. I simply can’t imagine a CEO going to his or her board of directors and telling them their goal is to implement a sub-optimized supply chain. Megan Ray Nichols ( @nicholsrmegan ) observes, “Viewed end-to-end, your supply chain includes the steps, supplier engagements, and processes that cover the entire lifecycle of a product.

Turkey 100

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

Cerasis

In order to avoid incidents of mismatch between supply and demand, establish more efficient manufacturing and lower costs, it is necessary to establish an environment of consistent supply chain visibility. 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.

Building the Business Case for Supply Chain Risk Management

Cerasis

Naturally, to take advantage of this opportunity, you will need a well-functioning supply chain, which you happen to have. Do you think that your supply chain management is good enough for this market? That’s when it all gets extremely complicated, but one thing remains crystal clear: supply chain risk management is profoundly important for businesses to grow and expand. Without a doubt, managing supply chain is nothing but easy.

How Retailers Can Use Supply Chain Technology to Get Ahead

CH Robinson Transportfolio

In my last blog , I talked about how consumer demands for a larger and more immediate selection of products are forcing retail businesses to become supply chain professionals. How do you optimize your supply chains to be efficient and responsive when you lack unified visibility to them?

Why Blockchain Within The Supply Chain Makes Perfect Sense

Cerasis

Editor’s Note: Today’s blog is from Kevin Doubleday who discusses the importance of blockchain within the supply chain. Current Supply Chains don’t operate at the cadence of business. Integrating Blockchain within the Supply Chain could change that. When we are asked about “killer” use cases for blockchain within enterprise systems, Supply Chain is the usual suspect — and for good reason.

The Data Needed to Transform Supply Chains

Talking Logistics

The Hackett Group provides a useful visual for describing the maturity stages that supply chain is moving through as the industry strives to leverage data and advanced analytics. Supply Chain Analytics Maturity Model (Source: Hackett Group). Supply chains are digitizing.

Data 173

Supply Chain Predictions!

Supply Chain Game Changer

Check out Procurement Experiences, Trends and the Future! In the book, The Living Supply Chain , the authors argue that, “Speeding up the supply chain is at the root of everything that is good: improved revenue, reduced working capital, higher profitability, and less obsolete inventory.

How Is Your Supply Chain Chutzpah?

Supply Chain Shaman

The supply chain world is dominated by men. So, why is it that in this male-dominated world of supply chain there is very little chutzpah? The supply chain team takes and ships orders. The supply chain team with chutzpah has courage.

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. Supply Chain

What Is the Impact of Big Data in the Transportation & Supply Chain Industries?

Cerasis

But nearly all of these processes revolve around a few common factors, reports DHL Customer Solutions & Innovation, and you need to understand what they mean for the supply chain and transportation industries. . Better Shipping Options. . Data Supply Chain Transportation

How Retailers Can Use Supply Chain Technology to Get Ahead

CH Robinson Transportfolio

In my last blog , I talked about how consumer demands for a larger and more immediate selection of products are forcing retail businesses to become supply chain professionals. How do you optimize your supply chains to be efficient and responsive when you lack unified visibility to them?

How Can Supply Chain Leaders Use Big Data as a Tool to Continuously Improve?

Cerasis

Supply chain leaders are enthralled with the idea of using big data, but they tend to fail to understand how to disseminate big data in their organization properly. Transportation modes used in procurement and shipping. Data Leadership Supply Chain

7 Ways to Strategically Elevate Freight Procurement

Talking Logistics

In the last decade, many companies, especially those with manufacturing operations, have evolved direct materials sourcing from an administrative function to a strategic procurement process. The embodiment of this transformation is the chief procurement officer, an increasingly common title for executives that strategically source goods and services. As a strategic process, transportation procurement may still seem very tedious and challenging.

The 3 Totems of Collaborative Supply Chain Management

Cerasis

This oft used adage is shaping the collaborative supply chain management: “The enemy of my enemy is my friend.” Ironically in the supply chain, this saying remains true. Totem 1: Customers Demand New Business Models From Collaborative Supply Chain Management.

5 More Transformative Supply Chain Technologies Supply Chains Will Focus on in 2018 to Move to the Next Level

Cerasis

Supply chain technology is a difficult, exhilarating topic to cover in detail. The supply chain technology stack comprises hundreds, if not thousands, of individual technologies, and considering the growth of the Internet of things (IoT), there really is no limit to how much these transformative supply chain technologies may expand within the next 12 months. WHITE PAPER] The Top Supply Chain Trends that Will Impact Supply Chain Management in 2018.

The Astonishing Benefits of Supply Chain Visibility and Their Impacts

Shipchain

Supply chain visibility is essential to modern success, but according to Supply Chain Dive , as few as 6% of companies have achieved full supply chain visibility. Improved Supply Chain Visibility Builds Customer Trust.

2020 Requires Big Wings and Feet

Supply Chain Shaman

After the Supply Chain Insights Global Summit , I took the time to recharge and took a month off from writing. The presentations from the Summit are posted now on the Supply Chain Insights You Tube Channel. The supply chain is a complex non-linear system.

3 Core Metrics & 10 Soft Metrics for Measuring Supply Chain Performance

Cerasis

The average Supply Chain management professional measures their Supply Chain by reviewing cost reduction. Is cost reduction all that there is in measuring Supply Chain performance? 3 Key Metrics for Measuring Supply Chain Performance Beyond Cost Reduction.

Judging Supply Chain Improvement: Campbell Soup Case Study

Supply Chain Shaman

Over the course of the last two years, we at Supply Chain Insight s have worked on a methodology to gauge supply chain improvement. We named it the Supply Chain Index. We have found that supply chain metrics are gnarly and complicated.During

Can Blockchain Unblock Supply Chain?

Supply Chain Game Changer

Subscribe to Supply Chain Game Changer. What Supply Chain Management problem does this solve? Ironically, there is no “chain” in Blockchain as all players are part of an ecosystem- so in that sense the ecosystem is more of a network than a chain.

The Evolution of Supply Chain is Becoming Patient-Centric

DynaSys

How the organization manages their supply chain can yield tremendous benefit to both the business and their patients. Traditional Supply Chain. In the traditional supply chain process model, the individual was rarely a consideration. Supply Chain Ecosystem.

Supply Chain Control Towers: Visibility, Collaboration, and Optimization

Talking Logistics

One of my predictions for 2018 is that Supply Chain Visibility Will Get Clearer, More Real-time, and More Predictive with Machine Learning and Enhanced Data this year. A big part of this trend is the continued evolution of Supply Chain Control Towers. How are companies deriving value and benefits from digital supply chain control towers? Supply Chain Control Towers: What’s Changed Today? Key Capabilities of Supply Chain Control Towers.

Why Financial Reengineering Does Not Equal Supply Chain Improvement

Supply Chain Shaman

The traditional supply chain leader focused only on cost reduction. Snow fell last night as I worked on my last Supply Chain Metrics That Matter report. And, to manage cash-to-cash, the supplier increased their payables passing cost and waste downward in the supply chain.

Supply Chain Management With Blockchain: How the Blockchain Enables Supply Chains to Focus on Customer Experience

Cerasis

Customer experiences have a vital bearing on the success or failure of today’s supply chains. Supply chain management with blockchain can help shippers and businesses focus on customer-centric practices and standards. Supply Chain Management Struggles to Meet Increasing Consumer Demands Consumer expectations are at an all-time high. An Introduction to Blockchain and Its Potential Benefits and Drawbacks in Supply Chain Management.

Imagining the Supply Chain of the Future!

Supply Chain Game Changer

Technologies Reshaping the Global Digital Supply Chain! Imagine what the future will look like in Supply Chain! There are articles which describe what the future of Supply Chain will be like in 2020, 0r 2025, or even 2030. Supply Chain as a Service (SCaaS).

The History of Supply Chain Management! (Infographic)

Supply Chain Game Changer

Over the last 100 plus years of the history of supply chain management has evolved from an initial focus on improving relatively simple, but very labor-intensive processes to the present day engineering and managing of extraordinarily complex global networks. Subscribe Here!

Innovative Approaches to Supply Chain Risk

Kinaxis

You have a supply chain risk management strategy in place. A few hours later, your procurement head walks in the office. “We The problem is most companies are relatively immature when it comes to Supply Chain Risk Management.