Talking Logistics

JUNE 19, 2022

There’s certainly a lot of data in supply chain and logistics. Some companies drown in it, while others find a way to convert data into business value. One area where data plays a critical role is in transportation procurement. How does data connect to procurement connect to profitability?

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Video Data Procurement Supply Chains 94

SYSPRO Smarter ERP

JULY 3, 2023

What is Machine Learning ML is the computing engine behind AI and gives computers the ability to make sense of, and learn, from data to perform specific tasks without manual interference. Nine areas where AI can help manufacturers There are several ways in which data and AI can be applied in the manufacturing industry. The Industry 4.0

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Data Optimization Software 98

Logistics Bureau

FEBRUARY 15, 2021

The best way to understand the difference between procurement and purchasing in a business is to consider the process involved in buying a car, says Logistics Bureau’s procurement specialist, Trent Morris. Procurement First, Purchasing Follows. The first part, where you are doing research into the industry, that’s procurement.

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Manufacturing Procurement Procurement Analytics Purchasing Skills Procurement 118

Logistics Business Magazine

OCTOBER 24, 2024

But by implementing data driven maintenance strategies these cost, performance, and environmental impacts can be greatly reduced. An intelligent data-driven approach Maintenance doesn’t have to be this arbitrary. None of this is good for sustainability.

Materials Handling 54

Materials Handling Material Savings Waste Reduction Cost Reduction 54

CLX Logistics

NOVEMBER 21, 2023

When looking ahead to the future, it’s crucial to reflect on the past year, identify emerging trends, and strengthen strategies for benchmarking and procurement. This innovative approach translates data into actionable insights that help to unveil hidden patterns that would otherwise remain unnoticed. The outcome?

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 66

Logistics Viewpoints

MAY 13, 2024

This technology allows businesses to unify their procurement, expense management, invoicing, payments, sourcing, contract management, and spend analysis processes and reporting. The public cloud gives Coupa visibility to $6 trillion in transactional data that passes through their platform. “15 How much data do you have?

Procurement Solutions 148

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 148

FreightWaves SONAR

DECEMBER 15, 2020

A freight spend analysis can help cut those extra costs. Performing a freight spend analysis reveals extra costs deriving from unforeseen issues. Let’s look at a few best practices and steps to conduct a comprehensive, insightful cost analysis. Know the scope and value of a freight spend analysis.

Analysis 59

Analysis Procurement Analytics Optimization Software Optimal Sourcing 59

The Logistics of Logistics

AUGUST 28, 2023

Her supply chain and traditional G&A consulting background bring a unique perspective to clients who must work across their organizations to drive supply chain initiatives with Procurement, IT, Operations, and the C-suite. At DAT, she has been instrumental in growing the shipper practice. The Greenscreens.ai

Supply Chain Planning Software 363

Supply Chain Planning Software Logistics Network Optimization Software Optimization Software Optimal Sourcing 363

FreightWaves SONAR

APRIL 5, 2021

Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. Data-driven insights provide a rubric for guiding RFP processes.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

CLX Logistics

NOVEMBER 21, 2023

When looking ahead to the future, it’s crucial to reflect on the past year, identify emerging trends, and strengthen strategies for benchmarking and procurement. This innovative approach translates data into actionable insights that help to unveil hidden patterns that would otherwise remain unnoticed. The outcome?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 52

Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Procurement Solutions Optimal Sourcing Procurement 59

Logistics Viewpoints

DECEMBER 14, 2023

And even before they begin, they must realize these problems are too big for any single team—supply chain must connect with finance and procurement to treat the n-tier suppliers as an extended part of their network and become their preferred customer. For this to happen, finance needs to be in lockstep with procurement.

Supply Chain Design Software 157

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 157

FreightWaves SONAR

MAY 17, 2023

Logistics is a complex and swift-changing industry, and decision makers need to be armed with accurate data – and actionable insights – when navigating the evolving landscape. Shippers understand the importance of data. This is especially true in the face of the current freight recession.

Optimal Sourcing 52

Optimal Sourcing Supply Chain Planning Software Price Reduction Cost Reduction 52

The Logistics of Logistics

APRIL 26, 2022

It is one reason experts on logistics are following the autonomous freight truck market and new approaches to freight procurement closely. Michelle Sodomka, a Senior Director in charge of Open Sky Group ’s transportation management practice has 15 years’ experience in risk analysis and mitigation within the logistics industry.

Logistics Network Optimization Software 221

Logistics Network Optimization Software Freight Trucking Supply Chain Planning Software 221

Parade

MARCH 18, 2019

Starting with Location Data Creating a carrier system of records and intelligence system will be the first step towards freight brokerage digitization. Brokerages must think of an alternative data source outside of tribal knowledge to procure high quality and profitable carrier capacity.

Optimal Sourcing 84

Optimal Sourcing Data Capacity Price Reduction 84

CLX Logistics

SEPTEMBER 10, 2020

One of the most efficient ways to optimize a chemical supply chain logistics strategy from top to bottom is through proper planning, analysis, and smart decision-making in the procurement, bidding, and benchmarking process. Validate and analyze available data. Procurement and Bid Management. Planning and Preparation.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 40

FreightWaves SONAR

JANUARY 11, 2021

And the transportation and shipping industry has a choice to make – to take advantage of trucking data or to ignore it, continuing as before. . Access to data and proper analysis are both essential to maximize profits and reduce costs. Real-time trucking data helps to secure more capacity and better shipping rates.

Data 59

Data Capacity Optimal Sourcing Trucking 59

FreightWaves SONAR

MARCH 9, 2021

H aving access to real-time freight data and being able to make good use of it is essential for global trade and maritime shipping. Global retailers use data to understand lead time Successful supply chain operation at any stage hangs on the ability to stay on top of shipping and transport logistics. Request a SONAR Demo.

Supply Chain Planning Software 98

Supply Chain Planning Software Scenario Planning Data Optimal Sourcing 98

Blue Grace Logistics

JANUARY 12, 2021

COVID-19 has exposed quite a few vulnerabilities in both the procurement and distribution process of goods and materials and the overall transportation process. As you might have guessed from the title, it’s time to start collecting more data. The Big Benefits of Big Data. Simply put, good data drives better service.

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Data Cost Reduction Supply Chain Planning Software Material Savings 62

CLX Logistics

MAY 15, 2024

They also recognized the need to look beyond their own data, and wished for experienced input on their procurement strategy. The CLX Logistics Solution CLX Logistics implemented CLX LaneLogix to increase supply chain visibility and enable faster, more optimized bidding, benchmarking, and procurement solutions.

Optimal Sourcing 60

Optimal Sourcing Supply Chain Planning Software Optimization Software Supply Chain Software 60

FreightWaves SONAR

SEPTEMBER 18, 2024

This collaboration aims to empower users with the data and insights they need to make informed decisions and optimize their operations. This feature provides real-time pricing data, enabling users to stay ahead of market trends and make cost-effective decisions.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Optimization Software Sourcing Strategies 52

FreightWaves SONAR

SEPTEMBER 18, 2024

This collaboration aims to empower users with the data and insights they need to make informed decisions and optimize their operations. This feature provides real-time pricing data, enabling users to stay ahead of market trends and make cost-effective decisions.

Negotiating Skills 52

Negotiating Skills Optimal Sourcing Optimization Software Sourcing Strategies 52

FreightWaves SONAR

FEBRUARY 24, 2021

How are those who are very good at freight procurement also get really good at data analysis? Are companies now employing more analysts and data scientists? In this episode, hear about the role of technology & data to bring about innovations in the freight shipping industry.

Modeling Software 52

Modeling Software Modeling Data Cost Reduction 52

SYSPRO Smarter ERP

NOVEMBER 13, 2023

One of the big challenges facing manufacturers is inadequate reporting and analysis capabilities. This results in inefficient decision-making processes due to siloed data which limits the ability to respond to changing conditions quickly and accurately. Why companies invest in BI As a business grows, so does the amount of data.

ERP 64

ERP Manufacturing Procurement Inventory Reduction Optimal Sourcing 64

GlobalTranz

OCTOBER 16, 2015

, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.

Negotiating Skills 90

Negotiating Skills Price Reduction Optimal Sourcing Cost Reduction 90

SYSPRO Smarter ERP

OCTOBER 9, 2023

Modern machinery is commonly fitted with real-time sensors but these are not very useful if there is no way to view and action the data from the sensors. Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. This can be used in costing analysis and equipment profitability.

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Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

Logistics Business Magazine

OCTOBER 2, 2024

Achieve Supply Chain Excellence’, where industry experts will guide you through mastering the logistics software selection and procurement process. He argues that software and IT procurement is broken right now, with the vendor selection process taking too long. Do you trust them to deliver?

Logistics Network Optimization Software 50

Logistics Network Optimization Software Procurement Solutions Supply Chain Planning Software Supply Chain Software 50

FreightWaves SONAR

DECEMBER 30, 2020

Data-driven transportation management , including the checks and reviews that accompany healthy data management practices, are part of the process of getting the most out of the tech stack. This remains key to the overall success of investments within supply chain analysis. Things will go wrong. Think about it.

Supply Chain Planning Software 98

Supply Chain Planning Software Data Supply Chain Software Transportation 98

Logistics Viewpoints

DECEMBER 4, 2023

In transportation, digital freight procurement and asset tracking & data mining are in broad use. Around 80% of LSPs and 68% of shippers cited the cost/ROI analysis as the biggest challenge for transportation transformations. These cutting-edge solutions are at a much earlier stage of development.

Modeling Software 155

Modeling Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 155

Logistics Viewpoints

NOVEMBER 6, 2023

Suppliers are facing increasing pressure from the buyers of their goods and services to report their environmental, social, and governance data. Increasingly, EcoVadis is becoming known as the go to organization to help corporations accelerate this journey to collect upstream supplier environmental, social, and governance data.

Supply Chain Planning Software 153

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 153

Transporeon

JANUARY 25, 2018

Even with the e-procurement tool, Amway’s Global Trade Operations group still relied on Excel to consolidate and analyze the data, a time-consuming process requiring hundreds of hours of data manipulation and cleansing. The company began searching for a better way to procure freight and manage bids.

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

Freightos

MARCH 12, 2024

More Resources Home March 12, 2024 Update The Freightos Weekly Update helps you stay on top of the latest developments in international freight by giving you the rundown on the latest economic data, ocean and air demand trends, rate data – and anything else impacting the market. Europe weekly prices increased 35% to $2.97/kg.

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Negotiating Skills Optimal Sourcing Demo Data 127

Talking Logistics

APRIL 17, 2018

Again and again, digitization and data were at the heart of panel and networking conversations. Even headline speakers were professing “data got sexy” and data is now a core strategy for companies looking to succeed. Supply chain leaders are wanting their organizations to be data-driven.

Supply Chain Design Software 68

Supply Chain Design Software Supply Chain Software Supply Chain Planning Software Supply Chain Design 68

Transporeon

JUNE 7, 2017

For additional tips, please click the “Transportation procurement tips” tag in the right sidebar. That also means that your procurement and distribution processes must be analyzed and adapted more frequently. By applying such a framework, you may be able consider potential alternatives and propose changes going forward.

Optimal Sourcing 48

Optimal Sourcing Procurement Tips Networks 48

3PL Links

APRIL 29, 2024

It will be essential to prepare for and welcome them, particularly in the context of the difficult supply chain and procurement environments. Fulfilling sustainability demands : procurement specialists can lessen the supply chain’s environmental impact with the use of technology. However, technology alone is not sufficient.

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Supply Chain Software Supply Chains Optimal Sourcing Trends 48