Talking Logistics

FEBRUARY 26, 2019

The shift began, and in procurement we saw an increase in bid activity that has continued into 2019. Transportation Procurement: Things to Keep in Mind. Today, whether you’re managing procurement events or working with a partner that manages the service on your behalf, here are some things to keep in mind.

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Optimal Sourcing Procurement Events Transportation 72

Logistics Viewpoints

DECEMBER 23, 2024

Each presentation was exceptional, and the event viewed ESG from a holistic but pragmatic perspective. They will handle providing accurate data across their operations, including product sourcing, procurement, and transactions, to name just a few.

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Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

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Optimal Sourcing Manufacturing Procurement Procurement Analytics Supply Chain Planning Software 117

Logistics Viewpoints

JULY 23, 2024

Data is the lifeblood of AI in the supply chain. Without sufficient data, AI models can’t uncover meaningful patterns, make accurate predictions, or provide valuable insights for informed decision-making in complex and dynamic environments. At the same time, feeding your AI models too much data can also be a problem.

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Optimal Sourcing Supply Chain Software Supply Chains Data 124

GlobalTranz

SEPTEMBER 14, 2016

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Cloud-based systems offer many benefits throughout the procurement supply chain, reports Procurious HQ. Use Big Data Analytics to Ensure Real-Time Management of the Entire Supply Chain. Use External Benchmarking Tools.

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Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Material Savings 102

SYSPRO Smarter ERP

NOVEMBER 18, 2024

Automotive distributors play a vital role in the automotive supply chain by procuring parts, warehousing them, and then supplying them to OEMs (original equipment manufacturer), retailers or end consumers. An ERP system is a valuable asset for automotive distributors looking to leverage the data they create and use.

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ERP Optimal Sourcing Purchasing Skills Manufacturing Procurement 98

FreightWaves SONAR

MARCH 15, 2021

Enterprise shippers and freight shipping managers have to plan and prepare for many processes and events that have yet to occur. This is particularly true for truckload shipping procurement. Read on to see how these innovations can help with truckload shipping procurement. Poor data analytics cause disruptions.

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Optimal Sourcing Procurement Negotiating Skills Capacity 72

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.

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Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

Logistics Viewpoints

APRIL 6, 2023

In today’s dynamic and unpredictable business environment, companies face various challenges such as changing consumer demands, global uncertainty, and the impact of natural and man-made events. All the products and services purchased by procurement and supply chain organizations can be categorized into this two-by-two matrix.

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The Logistics of Logistics

JUNE 23, 2022

Weather events might also be factors. Therefore, produce ready for shipping may be stalled due to a limited supply of equipment and trucks (hindering capacity procurement ), fewer drivers, and the pressure everywhere to move things faster, save money, and get it done without impacting the customer experience.

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Supply Chain Planning Software Scenario Planning Cost Reduction Material Savings 445

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.

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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. By identifying these gaps, you can create sourcing events to close them.

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Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 130

Logistics Bureau

JANUARY 16, 2025

The resilience of your supply chain is determined by its structure and operations, whether we’re dealing with major immediate events like a pandemic or gradual systemic changes to your business environment over time. Typically it involves carrying extra inventory and hiring more workers than absolutely necessary.

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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. Data and Privacy. How to Begin Your Terms.

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Procurement Analytics Manufacturing Procurement Procurement Document 84

Logistics Viewpoints

AUGUST 8, 2022

Emerge has an interesting new platform to deal with the problems shippers are having procuring truck capacity. It has spot procurement functionality that you would see in a transportation management system (TMS), and the request for proposal (RFP) functionality you would see in contract planning or procurement solutions.

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Logistics Viewpoints

JANUARY 17, 2023

Over the past few years, supply chain and procurement pros have faced the challenge of navigating their enterprises through one disruption after another. Despite their best efforts, current events and market dynamics caught up with them, leading to issues managing their suppliers and sourcing the materials needed for their products.

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Logistics Viewpoints

OCTOBER 3, 2022

The toilet paper shortage was one of the COVID era events that taught people what the term “supply chain management” meant. Multinationals knew that events could occur that could cost them tens, or hundreds of millions of dollars. But these events were not predictable – they might happen, they might not.

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Logistics Business Magazine

SEPTEMBER 7, 2023

Most shippers, carriers and logistics service providers understand the importance of data collection and data-driven decision-making. Data collected over time provides intelligence, enabling companies to enhance long-term decision-making. Artificial intelligence is a potent tool that helps companies get the most from their data.

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Freightos

AUGUST 19, 2024

Together, we can offer a complete solution that covers the digital procurement of both spot and contract freight services, across air, ocean, road, and rail. We estimate that tenders account for some 50%-70% of freight procured, at the lower end for air, at the higher end for ocean. The team is also a fantastic addition.I

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Logistics Viewpoints

DECEMBER 2, 2024

We have all the connected planning data we get from blue Yonder, all of the product data we get from the product systems, all of the shipment information that’s coming in from the carriers, as well as risk information from Everstream and other sources. We can now have really good data-driven conversations.

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Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM). Data management —This trend was added this year, and it jumped into the third spot.

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Logistics Viewpoints

APRIL 8, 2024

These solutions use natural language processing, for example, to read online publications and other data sources, make sense of what they read, contextualize the data into information, and report supply chain disruptions caused by weather, geopolitical events and other hazards in near real-time.

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Supply Chain Software Supply Chains Manufacturing Procurement Logistics Network Optimization Software 124

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.

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Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Supply chain planning involves interaction with different types of information based on internal and external data sources. These data sources are often spread across multiple platforms and come in various formats.

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Transporeon

JANUARY 25, 2018

The challenge For many years, Amway had used a generic sourcing tool that only facilitated communications with the company’s carriers rather than providing access to a supplier database and a collaborative environment to conduct sourcing events. The company began searching for a better way to procure freight and manage bids.

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Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

Morai Logistics

APRIL 15, 2020

Contact Your Procurement Team. Your suppliers are typically hit the hardest with a disruption event. With that in mind, it’s important to reach out to your procurement team and talk about your suppliers. Seek Out New Data to Assess Demand.

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Logistics Viewpoints

JUNE 1, 2021

During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand. Promotion-sensitive demand forecasts at the granular level are then used to adjust inventory targets and drive additional replenishment and procurement decisions.

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Supply Chain Planning Software Inventory Reduction Optimal Sourcing Inventory 115

Logistics Viewpoints

JULY 8, 2024

Meanwhile, customers’ procurement operations were seeing a new generation of talent come of age who were pushing for better value-added services and shipment visibility. Users continued to work as they always had and then input data into SAP. Finally, customers are increasingly requesting transportation emission data.

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Transporeon

NOVEMBER 12, 2017

Though reducing year-over-year freight spend was an important objective, the ability to obtain data to show that the company was paying market rate was equally as important. Ocean freight data Gathering the data associated with shipping multiple products from 43 factories over 6,000 shipping lanes into a manageable form was a challenge.

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Logistics Bureau

JANUARY 2, 2025

A route planning application that integrates with enterprise mobility to collect vehicle-tracking data will be helpful for comparing actual performance of individual routes against the planned versions. If youre choosing route planning software that integrates with vehicle tracking, you shouldnt let the valuable data go to waste.

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Logistics Viewpoints

OCTOBER 10, 2022

in turn, is a boutique procurement consultancy. Professionals from procurement, compliance, logistics, sustainability, information-security and several other internal stakeholder all use the solution for different reasons. Implementing the solution involved cleaning up master data and mapping their complete global supply chain.

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Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 119

Logistics Viewpoints

AUGUST 9, 2024

The Paris Olympics boasts a spectator capacity of over 300,000, with the city expected to welcome an astounding 15 million visitors, including 2 million international visitors, all drawn to the world’s largest sporting event. Altana utilizes AI capabilities to analyze data points through the supply chain to spot irregularities and risks.

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Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 124

Logistics Viewpoints

JANUARY 13, 2022

However, the rapid shifts that companies are going through given the aforementioned trends, progressive companies are laying a robust data foundation and enabling a digital twin of the physical supply chain so they can conduct Design exercises on demand with increasing frequency. Wanted to share these thoughts here.

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Supply Chain Design Software Supply Chain Planning Software Supply Chain Software Supply Chain Design 124

Logistics Viewpoints

MARCH 17, 2022

We can say things have changed, and the pandemic is not just an anomaly event after all. According to data from a recent research survey, the following were on top of the supply chain headaches not addressed by their current systems: Supply shortages due to supplier’s inability to meet expected performance targets.

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Supply Chain Planning Software Modeling Software Optimization Software Scenario Planning 134

Logistics Viewpoints

NOVEMBER 28, 2022

And agility is about reacting quickly and hopefully effectively to the actual disruptive event. But the event might not be disruptive at all if you had planned for it. But procurement says, ‘well, we’re not going to tell the supplier that because we have this volume-based discount. Very simple situation.

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Supply Chain Planning Software Scenario Planning Optimal Sourcing Manufacturing Procurement 111

Logistics Viewpoints

FEBRUARY 11, 2021

In a recent survey by Procurement Leaders , 54% of the CPOs reported that they have regular touchpoints with the CEO and are considered a key stakeholder. In conjunction with the new product launches, phasing out existing products and components is another area where supply chain and procurement need to work together.

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IoT World Today

OCTOBER 27, 2021

Thought-leaders from across the Internet of Things (IoT) ecosystem are set for one of the largest in-person events of the year in Silicon Valley next week. Attendees at IoT World Silicon Valley in Santa Clara, California, on November 3 and 4 can also expect to conduct peer-to-peer business and visit the major exhibit area at the event.

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