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. Procurement/Sourcing Transportation Management Systems transportation management system transportation sourcing

Pacific Drilling Selects Consus & Ivalua to Drive Sourcing Best Practices Globally

ivalua

New York, NY April 2, 2019 – Consus Global , a leading Procurement services provider and Ivalua, the leading global Spend Management Cloud provider, today announced that Pacific Drilling , a deep water drilling company based in Houston, has selected Consus’ services in conjunction with Ivalua’s Sourcing platform to achieve cost savings and drive transparency across their sourcing operations. Sourcing consus global e-sourcing source to pay sourcing

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The Top 5 Reasons You Need a Transportation Sourcing Solution

Talking Logistics

However, if your role is managing the movement of widgets from point A to point B, or multiple points, the freight procurement task before you can be labor intensive and time consuming — unless you use a technology solution specifically designed for transportation sourcing. Here are the top five reasons you need a transportation sourcing solution: 1. Freight sourcing is as unique and complex as the transportation industry itself.

Research in Focus: Sourcing Trends and Concerns

Talking Logistics

Below is an excerpt from a report published recently by Amber Road and the American Association of Exporters and Importers (AAEI) titled “ The Trade Trends Report: 2017 Report on Sourcing, Trade, and e-commerce.” Sourcing is the heart of today’s global supply chains, and decisions made on sourcing impact everything from transportation and shipping costs, to both social and regulatory compliance concerns. Sourcing decisions can complicate or simplify this process.

Open Source Helps SMBs with B2B

Descartes

Thanks to open source, B2Bs can now address back office functions. Open source can make all the difference for SMBs to satisfy both their suppliers and customers. In order to thrive in eCommerce, they need an open source B2B commerce platform. From a technology standpoint, an open source eCommerce platform is the best option for SMBs. Since open source is continuously tested by developers, SMBs can save more and more on costs as they keep working with the system.

E-Commerce Needs These Supply Chain Systems !

Supply Chain Game Changer

Why don’t you have a TMS (Transportation Management System) Solution yet? Supply Chain Systems article and permission to publish here provided by Dave Joseph at veridian.info. Warehouse Management System. The WMS connects to supplier systems and reseller POS platforms.

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 The system automates the assignment of drivers to trucks based on a scoring algorithm which evaluates information such as the driver’s current location, personal calendar, and hours of service.

Outsourcing Sourcing! 5 Lessons from Around the Globe!

Supply Chain Game Changer

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. The post Outsourcing Sourcing! Subscribe Here!

Five Tips on Sourcing Products From China

EMERGE App

Google a phrase like “sourcing products from China” and you’ll instantly be faced by almost 39 million results! You need to source for products to sell at wholesale prices to your retail customers. A sourcing agency will typically do one of the following roles: A.

Bitcoin: A New Supply Chain Operating System?

Talking Logistics

Casey and Paul Vigna – that opened my eyes to bitcoin’s true potential: as a new operating system for supply chain networks. The WSJ article and other sources, such as this Khan Academy video series , explain how bitcoin works, so I won’t go into it here. Bitcoins exist purely as entries in an accounting system [emphasis mine] — a transparent public ledger known as the ‘blockchain’ that records balances and transfers among special bitcoin ‘addresses.’ Source: [link].

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Supply chain planning system revolution: Are you yanking my chain?

Kinaxis

by Bill DuBois Words get thrown around like rice at a wedding these days to describe what makes a world class supply chain planning system : “End to end visibility”, “collaborative planning”, and “what if simulation” are only a few of the many terms you hear when discussing the keys to supply chain success. Goodwin does a great job of extracting the definition of the supply chain planning system revolution from Sicard. Is there another source of supply?

Creating a Sourcing and Procurement Process Plan

Arkieva

What are the key elements of a sourcing and procurement process plan? Strategic sourcing is a fact based and systematic approach that organizations use to optimize the management of their supply chain. Creating a sourcing and procurement plan. Whether you’re creating a local or international sourcing plan, it is vital that the created plan ensures: Delivery of the benefits identified in the strategy when required; and in a way, that meets the business need.

How Big Data Analytics is Revolutionizing Sourcing Processes for Walter Charles III

Jaggaer

Sourcing with Big Data. Walter Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. Charles believes that the limits of Microsoft Excel , traditionally a go-to tool for sourcing teams, have had a lasting impact on sourcing methodologies. “We “Big Data” is everywhere.

E2open Supply Chain Planning System of Record

E2open

Comprehensive and robust, E2open’s Supply Chain Planning System of Record is a unified system for planning core supply chain operations, including demand, replenishment, inventory, production and order promising.

Sourcing Offices: a shift of paradigm

KEPLER Consulting

Over last decade, sourcing offices became a major piece within globalized footprint of western retailers. After a first era of development and opportunity catch up particularly positive and characterized by consistent purchasing gains , most of these Sourcing Offices are now searching for their second breath. Back to the origins, the Sourcing Offices have been developed by retailers for two main reasons: #1 Gather demands coming from various entities within a same group.

Step Three: Stage Five Supply Chain Planning System of Record (SCP SOR)

Kinaxis

Achieving transparency within and outside your four walls is going to require the following: A truly integrated system where you have everyone working with the same data and the moment someone pulls a lever it is possible to identify everyone affected and alert them to any risk or opportunity. Full representation of the supply chain in one system. Flow of data to and from the ERP data source. by Carol McIntosh Step Three – Connecting the Dots.

Spend Analytics vs Contract Management Systems: Both Please!

Supply Chain View from the Field

In this discussion, an issue that frequently comes up is the debate over spend analytics and contract management systems. And how important are systems to driving change? One executive I met with stated it very succinctly: “Systems help build the level of credibility – through fact-based analysis – which allows the organization to the rigor and analysis you bring to the game.” Spend gives you the direction on WHERE, and contract management systems tells you HOW.”

[Video] Long-term supply chain planning system vision and strategy

Kinaxis

The software’s single platform enhances end-to end-supply chain management for a number of reasons, not least that data from every source is made available much more quickly than before, Noppe says. “That communication was by phone or email because the systems they used weren’t connected well. The post [Video] Long-term supply chain planning system vision and strategy appeared first on The 21st Century Supply Chain.

Drivers of Innovation, Part III: The Right Systems

Arena Solutions

In this post, we’ll take a look at the third and final driver of innovation: the systems that tie everything together. To support this culture of collaboration, a company needs the right systems. Communication, Collaboration, and the ‘Single Source of Truth’.

How COVID – 19 Might Shape the Future of China Sourcing and Manufacture

Logistics Bureau

COVID-19 and the Future of China Sourcing and Manufacture. Many countries lack stable political and/or economic systems. Furthermore, Chinese suppliers may not look too kindly on the loss of business and may make it difficult for such enterprises if they need to source Chinese-made components or raw materials in their future operations. Covid 19 Global Sourcing

White Paper: Strategic Sourcing in the Aviation Industry – How to Increase and Accelerate Savings

Bristlecone

In aviation, strategic sourcing can reduce the cost and fix the nuts and bolts of existing processes with the help of a well-performing sourcing team. Low-Cost Country Sourcing. Technology and System Optimization. This white paper explores why strategic sourcing is critical in the aviation industry and how it enables airlines and airline services providers to compete in a global market where margin for error is extremely low.

How Order Management System (OMS) Software Aids Retailers

Veridian Solutions

The use of an order management system can dramatically improve product cycle times, reduce errors in order fulfillment , and lend itself to better inventory management strategies. Supply chain leaders that wish to survive and stay competitive need to understand the limits of legacy systems and how evolving supply chain execution systems through the implementation of an order management system will enable success. Ways an Order Management System Helps Retailers Succeed.

Step Five: Stage Five Supply Chain Planning System of Record (SCP SOR)

Kinaxis

As you can probably guess, this is the last step in reaching Stage Five for your Supply Chain Planning System of Record (SCP SOR). On the other hand, I have worked with a company that within a few hours after learning about the Japan earthquake and tsunami of 2011, were able to determine the impact of supplier late deliveries and very quickly find alternate sources of supply. Looking for more information about Supply Chain Planning System of Record?

Top Transportation Management System (TMS) 2020 Trends

Cerasis

Throughout recent years, Cerasis has covered the expected trends for the use and implementation of a transportation management system (TMS), as well as the shipping industry top predictions. With the coronavirus fresh on our minds, it is time to approach the topic from a new perspective that is built on rapid sourcing and better management—software.read More.

Sorting out Risk in FinTech Source Chains

NC State SCRC

But emerging technology is now beginning to create new ways to think about sourcing risk, which in the past has been a very manual, encumbered process. This has caused banks to look at the flow of activities in the “source chain”, which refers to the way that third parties use bank data for different opreations. Today, this end to end sourcing process has literally hundreds of different steps in the process. Let’s examine the source chain in more detail.

Measuring Adoption to Drive Sourcing Value

Supply Chain Network

Everyone has bad habits, but for procurement, bad habits can put a major dent it in the ROI of your sourcing tools. That’s because strategic sourcing is complex and challenging – success requires more than fancy software purchases. How many of our sourcing events are run through the system? Without better visibility into the sourcing process, procurement can’t uncover the problems they need to fix.

Locally Sourced and Organic…”*Where You Can!”

NC State SCRC

I had an interesting discussion with an expert in the food industry, and we discussed some of the emerging trends going on in food packaging and local sourcing for food. The food expert I spoke with noted that many of the food packaging companies are beginning to add the term Locally Sourced and Organic. This work is being done in conjunction with the Center for Environmental Farming Systems (CEFS). Food Supply Chains Local Food Systems Supply Chain Management

Blockchain for Responsible Sourcing – Where Does It Fit?

SupplyShift

Does the vast potential of this promising technology mean that companies of all sizes and stages should be rebuilding their responsible sourcing systems from the ground up to include it? Or is blockchain still an experiment relegated mainly to the process of tracking products from the source through known supply chains, without much to offer companies looking to comprehensively evaluate environmental and social risks within the supply chain?

Energy efficiency: Are fossil fuels or renewables the more reliable source?

USC Consulting Group

By just about every measure, natural resources such as these are significantly more efficient than legacy sources like coal, natural gas and oil. “Which energy source gets you the most power delivery for your investment dollar? ” It raises an interesting question, however: Which energy source is the most efficient of them all? Germany is hoping that by 2030, approximately two-thirds of its energy will derive from sources like wind and solar.

Why I.T. Systems Are Key for Global Supply Chain Evolution

Supply Chain Brain

The source of many issues in supply chain and logistics management often can be traced to underperforming, overburdened I.T. systems

3 Components to a Complete Lean Transportation Management System

LeanCor

When we hear “transportation management system” at LeanCor, we don’t just think of software. Lean thinking can help organizations develop and maintain a fast, stable, efficient transportation management system. Are these practices part of your organization’s transportation management system? We start with customer demand and consider overall value when sourcing carriers, instead of transportation rates alone.

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How Big Data Analytics is Revolutionizing Sourcing Processes for Walt Charles

Jaggaer

Sourcing with Big Data. Walt Charles’s philosophy on the modern state of sourcing is that it is artificially limited by the tools that teams are using. The traditional three bids and a buy model is a product of software constraints, rather than the ideal method of sourcing. Charles believes that the limits of Microsoft Excel , traditionally a go-to tool for sourcing teams, have had a lasting impact on sourcing methodologies. “We “Big Data” is everywhere.

What’s Wrong with your Supply Chain Planning System: Twelve Symptoms

ToolsGroup

Source: Gartner Research. Now with Gartner’s help, supply chain execs can do something similar with their supply chain planning (SCP) system. Not granular enough to identify impact of events - Gartner recommends SCP technology with “respond planning” capability to identify root causes and quickly replan without firefighting outside the system. Payne says that the system must integrate inventory optimization and replenishment into the demand forecast model.

Integrated Business Planning/S&OP in a Shelf-Connected System

The Network Effect

We’ve asked whether a shelf-connected system was possible with traditional ERP systems , discussed how new approaches to forecasting processes are required in a shelf-connected world, explored new types of demand-driven inventory replenishment policies. and explained why ERP system struggle to replenish in shelf-connected environments. Standard API’s are available for ease of integration of any external data sources to the cloud based platform.

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Leading Healthcare Systems Respond to Obamacare by Making Supply Chain a Critical Differentiator

Logistics Viewpoints

Pharma & Life Sciences Procurement/Sourcing RFID & AIDC The health care industry in the US is undergoing transformation driven by the Affordable Care Act (Obamacare) and the increasing impact of consumerism. Healthcare providers historically have had prepaid plans where the cost of care was paid up front and the more procedures a hospital did, the more they got paid. Consequently providers felt little […].

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