SYSPRO Smarter ERP

MARCH 2, 2022

To deal with the new challenges in managing and planning the supply chain , the procurement department is one of the functions that should look at changing. It is no longer sufficient for procurement to focus just on supplier costs, placing orders and ensuring goods are received. The situation changes with a larger number of suppliers.

Optimal Sourcing 116

Optimal Sourcing Manufacturing Procurement Supply Chain Planning Software Supply Chain Software 116

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.

Manufacturing Procurement 98

Manufacturing Procurement Procurement Analytics Purchasing Skills Procurement 98

SIPMM Professional Publications

JULY 12, 2019

The strategic sourcing initiatives help organizations to analyze current spend against the marketplace, spend analysis, or benchmarking to identify practical and beneficial […]. The post Essential Sustainable Practices for Procurement of Mineral Products appeared first on SIPMM INSTITUTE.

Procurement 94

Procurement Production Sourcing Analysis 94

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.

Supply Chain Planning Software 397

Supply Chain Planning Software Logistics Network Optimization Software Optimization Software Optimal Sourcing 397

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 Trucking Freight Supply Chain Planning Software 221

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

FreightWaves SONAR

MAY 7, 2024

For shippers, the approach to transportation procurement is evolving. This approach is cumbersome and fraught with challenges such as limited visibility, inefficient data management and difficulties in bid analysis. This not only makes the process more efficient, but also reduces the likelihood of errors and enhances productivity.

Optimal Sourcing 64

Optimal Sourcing Optimization Software Supply Chain Software Procurement 64

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. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

FreightWaves SONAR

MARCH 15, 2021

This is particularly true for truckload shipping procurement. Read on to see how these innovations can help with truckload shipping procurement. Shipping managers continue to struggle with capacity procurement during this time of industry-wide disruption . Truckload shipping procurement needs to include all legs of the trip.

Optimal Sourcing 72

Optimal Sourcing Procurement Negotiating Skills Capacity 72

MTS Logistics

DECEMBER 23, 2024

Green Procurement: Focuses on reusable or recyclable materials and lean practices to reduce waste and environmental impact. Green Transportation: Focuses on low-emission vehicles, alternative fuels and efficient modes of transportation to reduce carbon emissions, especially in developed regions with stricter environmental regulations.

Green logistics 103

Green logistics Waste Reduction Material Savings Inventory Reduction 103

GlobalTranz

NOVEMBER 28, 2016

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.". The Court conducted a very complicated and thorough analysis in determining which terms and conditions applied and which did not.

Manufacturing Procurement 85

Manufacturing Procurement Negotiate Pricing Optimal Sourcing Procurement 85

GlobalTranz

NOVEMBER 29, 2016

Editor's Note: Today's blog is the second part of Chuck Intrieri's series on how procurement and suppliers can avoid issues with their contracts. Procurement and suppliers often assume that small print is highly complicated legal jargon that is both boring and largely irrelevant. How to Begin Your Terms.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

Logistics Bureau

OCTOBER 12, 2024

For those procurement or Supply Chain executives in suitable organizations, there is an increasing number of uncertainties to manage, especially in today’s tough economic environment. Procurement consultants like ourselves are required to be highly creative and innovative to resolve the business issues across a broader management disciplines.

Cost Reduction 52

Cost Reduction Procurement Analytics Optimal Sourcing Procurement 52

Freightos

DECEMBER 3, 2024

Home Shipsta by Freightos Introduces Rate Refresh: The Future of Agile Procurement in 2025 Blog Luxembourg, December 3, 2024 – Shipsta by Freightos (Nasdaq: CRGO) continues to drive freight procurements evolution with the rollout of Rate Refresh, a key addition to its procurement platform. Why Rate Refresh?

Optimal Sourcing 62

Optimal Sourcing Procurement Logistics Network Optimization Software Price Reduction 62

Freightos

DECEMBER 3, 2024

Blog More Resources Home Shipsta by Freightos Introduces Rate Refresh: The Future of Agile Procurement in 2025 Visit Shipsta by Freightos Luxembourg, December 3, 2024 – Shipsta by Freightos (Nasdaq: CRGO) continues to drive freight procurements evolution with the rollout of Rate Refresh, a key addition to its procurement platform.

Optimal Sourcing 62

Optimal Sourcing Procurement Logistics Network Optimization Software Price Reduction 62

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

GlobalTranz

APRIL 6, 2015

The biggest implication of this new imposition on procurement process is that now procurement managers have to deliver suppliers that are cost conscious and timely in their operations but at the same time can adapt to the changing demands of end customers. All of these aspects impact procurement processes. 3) Risk Management.

Optimal Sourcing 118

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 118

CLX Logistics

FEBRUARY 22, 2024

Procurement management stands at the crossroads of technological innovation and strategic decision-making. As organizations strive to enhance operational efficiency, mitigate risks, and capitalize on emerging opportunities, the role of Artificial Intelligence (AI) and Machine Learning (ML) in procurement has become increasingly prominent.

Optimal Sourcing 52

Optimal Sourcing Procurement Supply Chain Software Negotiating Skills 52

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 Bureau

NOVEMBER 26, 2024

This is best achieved by open discussion and analysis of the activities and product volumes involved. Sadly, many companies approach a LSP outsourcing contract as procuring a commodity and the over riding goal becomes the achievement of the lowest possible unit cost. Rate Based A rate based fee structure tends to offer the best mix.

3PL 98

3PL Negotiating Skills Outsourcing Price Reduction 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. It’s not just a tool but a strategic partner in improving procurement and benchmarking. Are you choosing carriers that offer the most competitive rates? The outcome?

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 66

Logistics Viewpoints

FEBRUARY 25, 2025

Standardizing materials across multiple products can enable greater flexibility in supplier selection and procurement. Matt specializes in delivering transformational from analysis through execution across a diverse range of clients in manufacturing, distribution, and retail.

Manufacturing Procurement 96

Manufacturing Procurement Inventory Reduction Material Savings Optimal Sourcing 96

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 128

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 128

Talking Logistics

JUNE 19, 2022

One area where data plays a critical role is in transportation procurement. How does data connect to procurement connect to profitability? One area where data plays a critical role is in transportation procurement. How does data connect to procurement connect to profitability?

Video 94

Video Data Procurement Supply Chains 94

Logistics Viewpoints

MARCH 28, 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.

Security 21

Security Logistics Network Optimization Software Freight Trucking 21

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. The key to avoiding this kind of situation is predictive planning and analysis.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

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 124

Modeling Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 124

Trinity Logistics

OCTOBER 31, 2021

Transportation management affects every part of your logistics process, from planning to procurement and more. A TMS can make recommendations for you on different factors like least-cost mode analysis, freight consolidation options, and continuous move opportunities. Get a free supply chain analysis to see what you need.?.

Optimization Software 126

Optimization Software Supply Chain Planning Software Logistics Network Optimization Software Supply Chain Software 126

247 Customs Broker

OCTOBER 2, 2020

Inside you’ll find the latest in depth analysis of Sourcing & Procurement,… The post Logistics Manager Magazine October 2020 appeared first on 24/7 Customs Broker News. The October 2020 issue of Logistics Manager Magazine is now available to read online!

Magazine 69

Magazine Logistics Procurement Analysis 69

SYSPRO Smarter ERP

OCTOBER 9, 2023

Therefore, companies should have a system to collect and consolidate the data for reporting and analysis. Understanding material costing requires information about procurement activities and how long materials linger in inventory before they are used to generate revenue. This can be used in costing analysis and equipment profitability.

Manufacturing Procurement 111

Manufacturing Procurement Purchasing Skills Cost Reduction Optimal Sourcing 111

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. It’s not just a tool but a strategic partner in improving procurement and benchmarking. Are you choosing carriers that offer the most competitive rates? The outcome?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 52

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. Focus on Carrier Procurement and Management. That includes helping shippers manage the final mile procurement process and even offering in-house services that are available within the 3PL.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

Logistics Viewpoints

JULY 23, 2024

Collaborate across departments: Engage stakeholders from different departments within the organization – not just supply chain management including logistics and procurement but sales, marketing, and finance. Assess the quality, granularity, timeliness, and relevance of each data source to determine its suitability for AI-driven analysis.

Optimal Sourcing 122

Optimal Sourcing Supply Chain Software Supply Chains Data 122

Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. I saw how their platform unified finance and procurement activities, but not supply chain. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 109

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 109

Talking Logistics

MAY 14, 2019

Finished products have high ratios (average 50%) of sourced or procured product content. Ensuring receipt of Certificate of Analysis (CoA) and other regulatory compliance documentation has made digitization a requirement for customer service, audit management, and compliance.

Supply Chain Planning Software 131

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 131

GlobalTranz

JULY 28, 2021

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems. Transportation optimization can occur at a network level and an execution level.

Optimal Sourcing 126

Optimal Sourcing Optimization Software Optimization Supply Chain Design Software 126

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. SRM is more than a one-and-done analysis. Steps to Implementing SRM If you deal with a lot of vendors, investing in SRM software will help you more easily manage the data and make it available to stakeholders for analysis.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105