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

FEBRUARY 11, 2021

However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. And it has opened new channels for capacity procurement.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

Logistics Bureau

NOVEMBER 28, 2024

Running a spend analysis is the first step to understanding what you are spending, and therefore where you might look for savings. Your spend analysis and this basic benchmarking will show you where you are, and where you could be. This may involve examining procurement processes, inventory management, logistics, and other key areas.

Cost Reduction 79

Cost Reduction Inventory Reduction Material Savings Expense Reduction 79

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

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. Coupa’s BSM platform is based on a public cloud that connects 3500 buyers to ~10 million suppliers. The idea of community was there from the beginning.”

Procurement Solutions 144

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GlobalTranz

NOVEMBER 16, 2016

Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. .

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

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

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

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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. The focus shifted towards salary and personnel-based internal strategies, allowing them to stabilize in comparison. The outcome?

Optimal Sourcing 66

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 66

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. What will the total costs be associated with different green strategies? From a process perspective, an analysis is not enough.

Supply Chain Design Software 169

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EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

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 133

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 133

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

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

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

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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. The focus shifted towards salary and personnel-based internal strategies, allowing them to stabilize in comparison. The outcome?

Optimal Sourcing 52

Optimal Sourcing Manufacturing Procurement Procurement Cost Reduction 52

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 131

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 131

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. Determine bidding strategies. Procurement and Bid Management. Evaluate carriers.

Optimal Sourcing 40

Optimal Sourcing Manufacturing Procurement Procurement Sourcing Strategies 40

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Logistics Viewpoints

AUGUST 9, 2022

Strategy and leadership teams might elect to be alerted to production line disruptions, for example, so they receive details about every impacted order. Inbound/procurement teams could view SKUs at facilities with low days of supply, and drill into orders in the yard with low SKUs.

Inventory Reduction 143

Inventory Reduction Supply Chain Planning Software Supply Chain Design Software Inventory 143

247 Customs Broker

OCTOBER 30, 2020

With day-to-day business challenged to the very highest degree, sourcing and procuring in the supply chain is more complicated than ever before. But while some… The post Logistics Manager Analysis: Sourcing and Procurement… Driving Changes appeared first on 24/7 Customs Broker News.

Sourcing Strategies 28

Sourcing Strategies Procurement Sourcing Analysis 28

CH Robinson Logistics

JUNE 13, 2022

Our research with Iowa State University and MIT’s Center for Transportation and Logistics have identified the impact of the last 4-days of a quarter to route guide performance, paving the way for applying strategies to mitigate the risk of cost over runs. What is your strategy for quarter end? Consider lane volume predictability.

Transportation 95

Transportation Cost Reduction Price Reduction Freight 95

CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. Procurement Event Strategies. Not every platform offers expert-enhanced procurement event strategies on top of a digital platform!

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

Logistics Viewpoints

DECEMBER 17, 2024

For example, when implementing air-to-ocean logistics strategies, the solution will weigh ocean freight more favorably than air freight. Since many organizations currently purchase carbon offsets, they can easily define the carbon cost of avoided emissions by translating the price of offsetting.

Supply Chain Planning Software 94

Supply Chain Planning Software Supply Chain Software Procurement Solutions Optimal Sourcing 94

GlobalTranz

NOVEMBER 17, 2016

The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Transportation modes used in procurement and shipping.

Supply Chain Design Software 115

Supply Chain Design Software Supply Chain Software Procurement Solutions Supply Chain Design 115

Logistics Viewpoints

NOVEMBER 6, 2023

Analysis of what is reported may suggest that a supplier has not been totally forthcoming in what they have reported on the platform. Schneider Electric and EcoVadis Christophe Quiquempoix, VP of Sustainable Procurement at Schneider Electric shared his insights during a panel discussion at EcoVadis Sustain Conference 2023.

Supply Chain Planning Software 115

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 115

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

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. SRM is more than a one-and-done analysis. Establish KPIs that hold both your suppliers and your procurement team accountable.

Negotiate Pricing 105

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 105

GlobalTranz

JULY 29, 2015

A distributor or manufacturer’s strength is in making product—its focus is procurement and streamlining production, but without the capability to fulfill orders, it is doomed. Because all of the activity happens in this transportation management platform, several reports and custom analysis can be created. Don’t know where to start?

Outsourcing 98

Outsourcing Transportation Manufacturing Procurement Logistics Network Optimization Software 98

Talking Logistics

MAY 14, 2019

Commercialization strategies evolve, supply chains expand, and production rates accelerate. Finished products have high ratios (average 50%) of sourced or procured product content. The only way to take control of your future is to double down on quality. Product quality directly impacts the profitability of a company.

Supply Chain Planning Software 101

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 101

Parade

MARCH 18, 2019

Brokerages must think of an alternative data source outside of tribal knowledge to procure high quality and profitable carrier capacity. However, to find carriers that are the best margin, lowest risk, and most likely to accept your freight, requires analysis across multiple data sets and systems.

Optimal Sourcing 84

Optimal Sourcing Data Capacity Price Reduction 84

Freightos

NOVEMBER 15, 2023

Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU.

Price Reduction 118

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 118

Logistics Viewpoints

FEBRUARY 28, 2022

Alex Pradhan, Product Strategy Leader John Galt Solutions, told me that “all planning vendors have bold marketing around AI.” Since then, virtually every supplier I talked to in the process of updating this year’s Supply Chain Planning Market Analysis Study has said they are investing in this area. Final Thoughts.

Supply Chain Planning Software 177

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FreightWaves SONAR

JULY 24, 2023

This sector covers important activities relating to procurement, transport, and storage of goods. Knowing freight costs in advance is essential to keep total landed costs in check Understanding transportation freight costs and current freight rates for lanes must be the primary goals of cost analysis.

Cost Reduction 105

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 105

IoT World Today

SEPTEMBER 27, 2021

If we look into Nestlé’s progress last year, we made really solid progress on our structural savings program across all areas of manufacturing, procurement and administration, with massive opportunities for automating and AI,” said Pinart. The latter target is with a view of achieving Nestle’s goal of net zero carbon emissions by 2050. “If

Supply Chain Software 72

Supply Chain Software Modeling Software Manufacturing Procurement Optimal Sourcing 72