Spend Matters Awards Chainalytics For Transportation Procurement Innovation

CHAINalytics

Our inclusion in this year’s list is another testament to the … The post Spend Matters Awards Chainalytics For Transportation Procurement Innovation appeared first on Chainalytics. Press Release Transportation Award Chainalytics freight sourcing ocean procurement sourcing optimization Transportation Procurement transportation sourcing Truckload procurement

Chainalytics Delivers Award-Winning Global Logistics Procurement Program

CHAINalytics

Chainalytics, a recognized global leader in supply chain … The post Chainalytics Delivers Award-Winning Global Logistics Procurement Program appeared first on Chainalytics.

Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming retail transportation’s supply chain and logistics processes. 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. And, what are some of the key factors retailers need to consider when developing their transportation plans?

The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurement software tool that allows you to order lots of widgets and receive them over a specified period of time.

Improving on Strategic Sourcing

Logistics Viewpoints

These days, sourcing has become a common discipline in supply chain and transportation management. There is an organizational expectation that transportation modes will be sourced and cost will be taken out of the network with some regularity. To get more out of the market, we need to change the approach, as it is no longer enough to simply conduct a “bid” for transportation […].

Does Your Company Have A Solid Transportation Procurement Strategy?

Logistics Viewpoints

Supply Chain professionals have a tremendous amount of demands and pressures to be aware of and transportation procurement is one of those pressures. There is a need, a growing need to drive better performance and outcomes from sourcing events. Procurement/Sourcing Transportation Transportation Management Systems transportation sourcing

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.

Understanding Your Sourcing Footprint is the Key to Procurement Analytics

Supply Chain View from the Field

Direct conversations through on-site engagement with different lines of business is the most direct and effective means of understanding how sourcing processes are occurring today, as well as understanding how the sourcing need evolves and is expressed to suppliers. Supplier registration processes need to be designed around sourcing engagement processes, which track the supplier life cycle. Procure to Pay Strategic Sourcing Supply chain analytics

The Benefits of “Off-Cycle” Transportation Sourcing Events

CHAINalytics

A large percentage of North American companies hold their annual transportation sourcing event during the first quarter or last quarter of each year. One of the primary factors driving this decision is the need to have solid insight into transportation costs to feed into the budget cycle for the next fiscal year. However, there is … The post The Benefits of “Off-Cycle” Transportation Sourcing Events appeared first on Chainalytics.

Transportation Procurement: Effectively manage freight costs in a dynamic market

CHAINalytics

The post Transportation Procurement: Effectively manage freight costs in a dynamic market appeared first on Chainalytics. Uncategorized FMIC freight bid Freight Market Intelligence Consortium Freight Procurement freight sourcing Transportation Bid transportation management Transportation Procurement transportation sourcing

Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa

CHAINalytics

The post Lessons in Transportation Sourcing Optimization Presented by Chainalytics & Coupa appeared first on Chainalytics. Blog Transportation coupa Freight Procurement freight sourcing sourcing optimization Transportation Procurement transportation sourcing Truckload procurement

[INFOGRAPHIC] The Future Of Procurement: What Is Your Role?

Cerasis

At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. The Future of Procurement is Driven by Technology. Enter The Future of Procurement , an Oxford Economics study.

Transport Procurement: Effectively manage freight costs in a dynamic market

CHAINalytics

The post Transport Procurement: Effectively manage freight costs in a dynamic market appeared first on Chainalytics. Uncategorized FMIC Freight Market Intelligence Consortium Freight Procurement freight sourcing transport procurement Transportation Bid transportation management Transportation 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.

Be more Strategic about Your Supply Chain Sourcing

CH Robinson Transportfolio

A strategic approach to sourcing what you need to keep your business moving can help avoid disruptions and stay competitive in today’s competitive market. So just how strategic are you when it comes to sourcing transportation capacity?

The Transportation Management System Barbell

Talking Logistics

One of my supply chain and logistics predictions for this year was that the transportation management system (TMS) market will become more barbell-shaped ( mirroring what is happening in the third-party logistics industry ). “We’re

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

Supply Chain Network

According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks. In my next post, I’ll hit on the top strategies to improve the procurement process and uncover hidden savings in your logistics network.

Indirect Procurement – It’s Time to Rise and Shine!

Supply Chain Game Changer

Yet the lack of attention and focus that Indirect Procurement is often given is inconsistent with the true importance of this area. Indirect Procurement takes a back seat to Direct Procurement unfortunately. But it is time for Indirect Procurement to stand up and be counted!

Overcoming Ocean Freight Procurement Hurdles in 2019

CHAINalytics

Many organizations are consistently missing the mark with their transportation spend due to contract rate increases and fluctuating spot rates on ocean freight lanes.

What Exactly Is Procurement? And What is Purchasing?

Supply Chain Game Changer

For his entire career my Father worked in the field of Procurement. But the job titles that he had during his career alternatively included either the word Procurement or the word Purchasing. But was that Procurement or was it Purchasing? What exactly is Procurement?

Advanced Strategies for Successful Ocean Freight Procurement

CHAINalytics

When it comes to ocean freight transport, shippers have benefited from almost a decade long “down-cycle” as far as rates are concerned. Blog Feature Transportation best practices bid strategies Ocean Freight ocean procurement sourcing strategies transport procurement

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

Cerasis

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. 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.

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. For example, transportation management often focuses on the journey of products after manufacturing. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics. What Is Procurement Management?

The Do’s and Don’ts of Going to Market with Your Transportation RFP

Talking Logistics

This time of year, many shippers are reviewing and updating their transportation plan for the back half of the year and many will be considering issuing RFPs for new or changed capacity needs. I am often asked what shippers should consider (beyond the obvious of reducing cost) when deciding whether to go to market with a transportation RFP and what the associated best practices are. Procurement Strategy (Annual RFP, Targeted RFP, etc.).

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

Cerasis

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

Expanding Your Ocean Freight Procurement Strategy

CHAINalytics

As you push forward in your ocean freight transport bid for 2019, we’d like to address some additional factors you should consider in order to get the most out of your sourcing event and help keep your budget and balance sheet in line with business objectives. (In

How Transportation Management Technology & Regulations Impacted the Logistics Industry

Cerasis

Transportation management technology evolved throughout 2016. The IoT Became a Core Concept in Transportation Management Technology. Increasing urban mobility and accessibility of shipment routes are driving forces of IoT use in transportation management technology.

How to Use Big Data Analytics to Drive Business Value in Procurement Forward (Part 1)

Jaggaer

JAGGAER InsideSpend Thought leadership Series – In this blog series, we profile leaders in the procurement industry. We hope their insights and experiences inspire you to achieve greatness in procurement. A conversation with Walter Charles, Chief Procurement Officer at Biogen. . Procurement Trends in Manufacturing. How are they impacting the procurement organization and proficiency? Procurement Resources Supply Chain manufacturing

10 Ways Effective Transportation Management Drives Competitive Advantage

Cerasis

Transportation management is no longer a tactical approach to simply moving freight and doing it at the lowest possible cost. There are several factors that exist today that are forcing shippers to use even more resources, which distract from their core competencies , in order to have a strategic and much more nuanced, complex transportation management practice. 10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy.

Lean Transportation: Are you Using Lean Thinking for Transportation Management? If not, Why?

Cerasis

For shippers, culture and behavior have to change to apply Lean Transportation thinking. The “Them (company leadership) versus Us (shop floor associates)” mentality also needs to change for Lean Transportation to " WE. The 8 Rights To Achieve Lean Transportation Practices. The are the 8 Rights of Lean Transportation thinking: Right Materials, Right Quantity, Right time, Right Place, Right Source, Right Price, Right Quantity, and. Transportation takes time.

Lean 174

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.

Transportation Procurement is Not a Standalone Event: The Importance of Taking a Continuous Process Approach

Talking Logistics

Viewing transportation procurement as a standalone engagement is a mistake; it’s actually part of a continuous business process that cycles from opportunity assessment through daily execution and performance management. What are some factors that would trigger a sourcing event or help define its scope and objective? How do you kick-off a sourcing engagement? How do you take the output of a strategic sourcing engagement and successfully execute it?

5 Global Transportation Themes to Look Out for in 2015

Talking Logistics

Two major shifts are changing the face of global transportation management as we know it: Supply chains are becoming increasingly complex, relying on partners and data beyond the four walls of the enterprise; The very definition of global transportation management is broadening and expanding well beyond the traditional TMS scope. Transport optimization typically reduces spend by 5-15%. The connecting element is the availability of transport details and accurate data.

Will Blockchain Technology Revolutionize Supply Chain Applications?

Logistics Viewpoints

Logistics Technologies Mobile Technologies Procurement/Sourcing RFID & AIDC Supply Chain Visibility Track and Trace Transportation Management Systems Bitcoin blockchain IBM tenderingBuilding unbreachable supply chain applications is virtually impossible. So it was with great interest that I listened to how blockchain technology could be used to create robust tendering and visibility that can be wholly trusted.

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.