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?

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.” Transportation costs ranked second, and labor costs ranked third.

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.

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 […].

Don’t Jump In Without a Plan: Transportation Sourcing in an Omni-channel World

Talking Logistics

Omni-channel is transforming the supply chain and logistics processes of retailers, especially their transportation processes. But many retailers are jumping in without a plan — that is, they are taking a short-term, siloed approach to transportation sourcing and execution, and as a result, are failing to meet their desired outcomes. What are some of the key factors retailers need to consider when developing their transportation plans?

Best-Cost vs. Least-Cost Sourcing

Talking Logistics

A month later, Walmart announced that it will increase its sourcing of US products by $50 billion over the next 10 years. Kevin discusses three factors that are helping to drive the reshoring trend, but the one that caught my attention the most was how companies are shifting their focus from least-cost sourcing to best-cost sourcing. One is the thought process around best-cost sourcing versus least-cost sourcing.

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.

Strategic sourcing enters a new age. Are you keeping up? (Part 1)

ivalua

Since its inception in the late 1980s, strategic sourcing has always been about getting the best value for the goods and services purchased from third party suppliers. The processes and strategies driving supply chain management success are evolving and strategic sourcing is being redefined.

Blockchain is Coming to Transportation – Here’s How

Talking Logistics

The transportation industry has long discussed blockchain with a healthy dose of skepticism or has taken a wait-and-see approach to its adoption. A modern, multi-modal Tier 1 TMS can now take data from all sources, cleanse it and use it.

Transformative Transportation Management

Talking Logistics

It can be a difficult choice to make; supply chains are not one-size-fits-all, and your transportation technology solutions shouldn’t be, either. It could be the “just right” fit a company is looking for, especially when considering large-scale changes to a transportation model.

Local Sourcing, Global Supply Chain

BluJay Solutions

Yet the company is at pains to make it clear this is part of a global operations strategy, with devices continuing to be assembled in China and Brazil and components presumably continuing to be sourced from emerging markets based on cost and quality.

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 sourcingThe logistics marketplace is dynamic and demands attention to truly optimize and enable strategic advantage.

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

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.

Is Amazon In-Sourcing or Creating a New Service? You Already Know

Cerasis

The post Is Amazon In-Sourcing or Creating a New Service? You Already Know appeared first on Transportation Management Company | Cerasis. E-Commerce Logistics Freight Logistics amazon in-sourcingAmazon didn’t get to where it is today (hit a market cap of $1 trillion in Sept. 2018) by resting on its laurels. At the time I wrote this, Amazon’s market cap is $777.8 billion. We can all rest assured that Amazon is looking to get back up to $1 trillion and stay there.

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.

Top Transportation Management and Transportation Articles of 2015

Cerasis

We continue our series on the most read articles from the Cerasis blog for 2015 today by featuring any of the blogs in the transportation management or transportation categories. . Top 10 Most Read Transportation Management and Transportation Articles of 2015. In these most read 10 transportation management or transportation articles this year we saw, as with the other categories, a large portion focus on technology, such as transportation management systems.

Transportation Logistics

LeanCor

6 Solutions for Your International Transportation Logistics Challenges. While companies may see global sourcing as a means to reduce material or component costs, they must be mindful of what the customer is actually willing to pay for through total landed cost.

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

What’s Driving the Increase in Transportation Management Technology Spend?

Talking Logistics

DC Velocity and Descartes have conducted a transportation benchmark study for the last two years to help transportation professionals understand what is driving the market, and how the strategy and tactics of top performers differ from the rest of the pack.

The Benefits of Maintaining Transportation Sourcing Analytics through a Platform Dashboard

CHAINalytics

However, this article will focus primarily on the tools aspect of the sourcing … The post The Benefits of Maintaining Transportation Sourcing Analytics through a Platform Dashboard appeared first on Chainalytics.

Customer Service: The Source of Supply Chain Innovation

The Logistics of Logistics

Customer Service: The Source of Supply Chain Innovation. In December’s issue of InBound, editor Keith Biondi cited customer service as the source for supply chain innovation. Customer Service: The Real Source of SCM Innovation. He spends his time consulting and writing B2B marketing content helping transportation and logistics companies develop and implement their B2B blogging strategies.

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.

2019 Transportation Industry Trends

GTG Technology Group

6 Transportation Industry Trends to Look for in 2019. New opportunities in the transportation industry are thriving. Transportation professionals seeking to stay on top of trends in the industry look to implementing these trends. Disruption of Transportation Industry.

Improving Transportation in the Real World

Talking Logistics

Ideal transportation operations are difficult to achieve, but an ideal approach to improving transportation in the real world — finding real savings and adding value to other functional areas in the supply chain, or business more broadly — is achievable. Source.

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.

Visibility-Driven Workflow for Transportation Execution

Talking Logistics

How can we convert greater visibility into sustainable business value, especially in light of today’s increasing transportation costs and more demanding customer expectations? I have to know where the order is in the order management process; where it is in the warehousing process; where it is in the physical transport process. Perhaps it requires multiple carriers and modes of transportation. TMS as Single Source of Truth.

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 166

Visibility in Transportation Management Leads to Supply Chain Excellence

Talking Logistics

Gaining end-to-end visibility across your transportation processes delivers: $32.00 in Freight Cost Savings Per Shipment: Logistics Sourcing activities improve negotiated rates.

Be more Strategic about Your Supply Chain Sourcing

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?

Taking the “Ouch” Out of Transportation Costs

Talking Logistics

And this global trip isn’t just for sightseeing – leading companies find that a diversified sourcing base and far-flung manufacturing can help cut production costs, increasing the bottom line. However, the biggest pain point for these global supply chains is the one that seems inescapable – transportation costs. Pain Points Increasing Transportation Costs. Here are just a few pain points that are increasing transportation costs: Container shipping headaches.

7 Trending Transportation Updates: November 2016

PLS Logistics

The same-day delivery window requires a new way of thinking about transportation and logistics. Source ). Source). Transportation Supply Chain NewsLittle Change in Economy, but Rate Increase Coming.

Find the Money – How a Transportation Spend Diagram Can Help

Talking Logistics

Transportation professionals should be trained to “find the money.” A strategic assessment or solution design is an exercise that helps define the current state of a transportation operation. In most cases, you will build the Spend Diagram using data from all of the sources above.

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

6 Benefits of Transportation Consolidation Programs & How They Reduce Freight Spend

Cerasis

To combat freight spend, supply chain entities have devoted huge investments and deployed developmental teams to find ways to improve efficiency, manage all parts of the manufacturing and shipping process, and eliminate all sources of delays. What Is a Transportation Consolidation Program?

Transportation is the Great Enabler of Supply Chain Excellence

Talking Logistics

I believe transportation is the least complex, yet most critical component of the supply chain. And if that isn’t enough to create a bias, maybe these well-known facts will: transportation costs represent the biggest slice of the supply chain cost pie (nearly 60 percent of every supply chain dollar is spent on transportation), and transportation costs can represent 3-12 percent of revenue or more depending on the product type and industry.

International Transportation: Where Many Companies Fall Short

Talking Logistics

When it comes to managing global supply chains, international transportation is where the rubber meets the road. But as many companies quickly find out, managing international transportation is very different from managing domestic transportation. I discussed the risks and complexities of international transportation in a recent episode of Talking Logistics with Russ Romine, VP of Global Transportation Services at LEGACY Supply Chain Services (a Talking Logistics sponsor).