GlobalTranz

FEBRUARY 27, 2018

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement.

Manufacturing Procurement 66

Manufacturing Procurement Supply Chain Planning Software Optimal Sourcing Supply Chain Software 66

Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. For example, are you still a minority owned company?

Manufacturing Procurement 126

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 126

GlobalTranz

OCTOBER 21, 2015

Editor's Note: As of late you may have noticed we have written a lot about procurement and the future of procurement. A large part of procurement is finalizing the contract and then the follow through of the determined deliverables in that agreement. For example: Inventory Record Accuracy has to be 98-100% accurate daily.

Negotiating Skills 94

Negotiating Skills Optimal Sourcing 3PL Procurement Analytics 94

Logistics Bureau

NOVEMBER 23, 2020

Procurement Communications. Leading the field are chatbots, which allow text-based interactions, for example, between procurement managers and their suppliers’ systems. They can also answer text-based questions and pull up documents and files instantly. Other Uses for AI in the Supply Chain.

Supply Chain Planning Software 98

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 98

Logistics Bureau

JANUARY 26, 2025

You need documented procedures for maintaining critical operations when things go wrong. For example, if your main distribution center goes down, you should know exactly how to reroute shipments through secondary facilities. This team typically includes representatives from operations, procurement, logistics, and finance.

Supply Chains 40

Supply Chains Scenario Planning Maintainability Video 40

Parade

MARCH 3, 2021

And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. This is both limited and costly: It could involve a procurement company, which a freight broker or 3PL may actually compete with. Simple invoice & document setup (e.g.

Supply Chain Software 148

Supply Chain Software Supply Chain Planning Software Resource Reduction Cost Reduction 148

GlobalTranz

DECEMBER 11, 2014

According to Wikipedia and EDI Basics , Electronic Data Interchange (EDI) is the computer-to-computer exchange of business documents in a standard electronic format between business partners. EDI was first developed in the 1960s with the objective of speeding the movement of shipping and transportation documents. EDI In Transportation.

Data 105

Data Transportation Document Inventory Reduction 105

Logistics Bureau

JANUARY 2, 2025

That would enable the printing of manifests and proof-of-delivery documents by shipment, to be issued to the delivery crews the following day, and the picking documents for the warehouse. A good KPI dashboard can show you for example, the difference between planned and actual kilometers for each route.

Logistics Network Optimization Software 75

Logistics Network Optimization Software Optimization Software Optimal Sourcing Logistics 75

Shipping and Freight Resource

MARCH 10, 2020

Supply Chain = the whole granddaddy process comprising of all aspects in a product cycle, for example from picking of the fruit at a farm in Point A to delivering the fruit to the shelf at a store in Point B using all of the above-mentioned industries, businesses and services. Procure good quality at reasonable rates. Supply Chain.

Maritime 134

Maritime Supply Chain Planning Software Supply Chains Manufacturing Procurement 134

20Cube Logistics

OCTOBER 29, 2020

For example, in a warehouse, AI helps retailers to maintain an edge for supply chain operations and product delivery. Chatbot in operational procurement. It streamlines procurement related tasks through automation. Document invoices and payment requests. Research and answer queries on procurement functionalities.

Supply Chain Planning Software 74

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 74

SYSPRO Smarter ERP

AUGUST 1, 2022

A BOM may be a relatively simple document or a complex, multi-levelled product description made from multiple sub-assemblies. Procurement planning : It has to do with ensuring that business purchases arrive promptly and in the right quantities. It records all the parts, materials, and processes used on the factory floor.

Optimal Sourcing 111

Optimal Sourcing Manufacturing Procurement Material Savings Inventory Reduction 111

Logistics Viewpoints

JANUARY 25, 2024

Workers from picking and packing to planning and procurement are in short supply, stimulating interest in increasing productivity of the existing workforce. Consider a planner in Brazil working with the previous lead time prediction example, who has forgotten how to update the parameters.

Supply Chain Planning Software 124

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 124

Logistics Bureau

JANUARY 9, 2020

Whether it is or not, though, you might find the following examples of AI application in supply chain operations interesting, intriguing—or even inspirational. AI as an Aid to Procurement Communications. Perhaps your company is among the half of all enterprises already deploying AI to solve supply chain problems or improve performance.

Optimal Sourcing 72

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Supply Chains 72

GlobalTranz

APRIL 23, 2015

Editor’s Note: This post is a continuation of an ongoing collaborative blog series with Spendrix, a company who was made for procurement teams of all sizes and we currently serve customers in Manufacturing, Oil & Gas, Construction, Logistics, and the Food & Beverage industries.

Manufacturing Procurement 97

Manufacturing Procurement Cost Reduction Supply Chain Software Optimal Sourcing 97

FreightWaves SONAR

JANUARY 4, 2021

And that will win over carriers, keep them coming back and boost procurement efficacy. Among the shipper of choice tips, offering reliable delivery windows with accurate and on-time truck arrival, communications, and proper documentation will significantly strengthen that reputation. Streamline the delivery process.

Tips 111

Tips Security Capacity Supply Chain Software 111

Talking Logistics

APRIL 24, 2017

For example, numerous small packages can become one less-than-truckload (LTL) shipment, or numerous LTL shipments can be consolidated across your network into one truckload shipment. Transportation optimization is another option offered by some TMS providers. Automate processes to reduce reliance on paper.

Optimal Sourcing 91

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 91

GlobalTranz

APRIL 3, 2018

A simple example is that of a cold chain using blockchain within the supply chain to hold a transport node accountable for mishandling: Tracking provenance, traceability, and historical procurement for materials, assets, and products as they move downstream to retailer with blockchain finality.

Supply Chain Planning Software 78

Supply Chain Planning Software Supply Chain Software Optimal Sourcing Supply Chains 78

Talking Logistics

DECEMBER 13, 2018

The cost saving and service improvement benefits of a transportation management system (TMS) are well documented. Geoff says you still have to do the requirements document and set priorities, but it’s important to get the right people involved. What are the key ingredients to a successful TMS implementation?

Supply Chain Planning Software 72

Supply Chain Planning Software Logistics Network Optimization Software How To Vendor Strategies 72

Globalior

JUNE 26, 2020

Procurement: Procurement may be able to work from home, however a big part of a procurement executive’s job is vendor management which is best done face to face. Most of these documents are in the office What is needed for supply chain employees to work from home?

Supply Chain Planning Software 52

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 52

Logistics Viewpoints

JANUARY 23, 2024

The example they gave me was to understand the yield for a burger with pickles at a QSR. The cameras grab an image of the package as it goes through the tunnel, gets dimensional and weight information, matches that data up with the order, and can also check compliance documentation.

Supply Chain Planning Software 121

Supply Chain Planning Software Supply Chain Software Supply Chains Scenario Planning 121

Logistics Viewpoints

MARCH 2, 2023

While many companies assemble great sourcing and procurement teams when it comes time to renegotiate freight contracts, they often fail to provide good documentation that allows them to negotiate from a position of strength. For example, imagine your company moves 10,000 containers a year with an average contents value of $75,000.

Waste Reduction 118

Waste Reduction Supply Chain Planning Software Supply Chain Design Software Supply Chain Software 118

Parade

MARCH 3, 2021

And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. This is both limited and costly: It could involve a procurement company, which a freight broker or 3PL may actually compete with. Simple invoice & document setup (e.g.

Supply Chain Software 78

Supply Chain Software Supply Chain Planning Software Resource Reduction Cost Reduction 78

Parade

MARCH 3, 2021

And in the example of invoices, the unwieldy process of cross-referencing and auditing means that fraud in the logistics business is all too common. This is both limited and costly: It could involve a procurement company, which a freight broker or 3PL may actually compete with. Simple invoice & document setup (e.g.

Supply Chain Software 78

Supply Chain Software Supply Chain Planning Software Resource Reduction Cost Reduction 78

Logistics Business Magazine

OCTOBER 6, 2020

The ratings in the areas of labor law and human rights as well as sustainable procurement were confirmed. For example, the company is more and more frequently asked to provide evidence of its sustainability performance in invitations to tender, and sometimes this is even a prerequisite for participation.

Materials Handling 48

Materials Handling Material Savings Handling Optimal Sourcing 48

Logistics Business Magazine

AUGUST 31, 2023

Freight procurement processes have always been noted for their high levels of complexity which increases exponentially during peak shipping season. However, constantly changing freight market rates can make it difficult for procurement teams to secure the best deals and maintain predictable costs.

Optimal Sourcing 50

Optimal Sourcing Negotiating Skills Sourcing Strategies How To 50

Camelot 3PL Software

JUNE 6, 2024

The implementation of EDI in warehousing automated and standardized communication between businesses, streamlining processes such as order-to-cash and procure-to-pay cycles. This automation not only reduced human error but also significantly improved the speed and accuracy of business document exchanges.

Supply Chain Software 52

Supply Chain Software Warehousing 3PL Logistics Network Optimization Software 52

Logistics at MPEPS at UPV

APRIL 24, 2023

For example according to the approved NATO definition, military logistics is the science of planning and carrying out the movement and maintenance of forces. Procurement was dependent on volunteers, and the lack of logistics expertise led to a logistical crisis in the field. It is possible to create both open and closed systems.

Military 40

Military Optimal Sourcing Supply Chain Planning Software Procurement Solutions 40

Parade

JUNE 28, 2019

Example: imagine that one of your goals is to more precisely match loads with carriers. Another example: a client of mine previously used their TMS to. Another example: a client of mine previously used their TMS to. Carrier procurement. Third-party solutions that can address critical aspects of your business.

Optimization Software 60

Optimization Software Procurement Solutions Optimal Sourcing Purchasing Skills 60

Trinity Logistics

MAY 9, 2022

Examples of special/non-standard requirements are live load or unload, “no-touch” by the driver, drop trailer, hazardous materials, multi-stop, driver assist, floor-loaded, more than two hours of loading/unloading, and equipment age restrictions. Pickup date. Equipment type (i.e., dry van, refrigerated, flatbed, RGN, etc.). Commodity type.

Freight 116

Freight Price Reduction Logistics Network Optimization Software Supply Chain Planning Software 116

Logistics in War

OCTOBER 17, 2019

The hollowness and general inadequacy of the ADF’s logistics support was not a result of any strategy concept or policy including the ‘defence of Australia’ concept outlined in the policy document ‘Defence of Australia 1987’. hardware stores etc.).

Resource Reduction 98

Resource Reduction Cost Reduction Operations Military 98

Globalior

JUNE 30, 2020

Intellectual Property, Government Procurement and Competition Division: Responsible for intellectual property rights matters and policies. Languages, Documentation and Information Management Division: Provides language related services such as translation and document research. How does the WTO work?

Negotiating Skills 52

Negotiating Skills Buyer Training Government Document 52

GlobalTranz

AUGUST 7, 2018

For example, EXW or “Ex Works” specifies when the seller delivers goods and places goods at the disposal of the buyer. Blockchain technology has already been used in the process of capturing and documenting shareholder votes, reports CNBC, and the same concept can be applied when executing SLAs.

Supply Chain Software 65

Supply Chain Software Supply Chains Manufacturing Procurement Purchasing Skills 65

GlobalTranz

APRIL 7, 2017

For example, if a vendor has negotiated a lower rate with company A, they may not disclose the lower rate and bill you for the carrier’s current marketed rate. Reduced Procurement Inconsistencies Enhance Administrative Efficiency. Administrative controls over inbound logistics reduce the number of inconsistencies that may occur.

Vendor Strategies 55

Vendor Strategies Inbound Cost Reduction Inventory Reduction 55

Logistics Bureau

JANUARY 1, 2025

However, the classification parameter can be varied; for example, it is possible to use the velocity of turnover rather than annual demand value. Least attention is paid to this category for the purpose of stock control and planning and procurement decisions for such items may be automated.

Supply Chain Planning Software 76

Supply Chain Planning Software Supply Chain Design Software Supply Chain Software Supply Chain Design 76

Logistics Viewpoints

AUGUST 29, 2022

They got those documents quickly, and then got them in the hands of all employees and suppliers in 24 hours. Examples of third-party data would include weather forecasts, sustainability ratings, or D&Bs on a company’s financial viability. One of the players in this market, Resilinc, is monitoring 105 million data sources.

Supply Chain Planning Software 105

Supply Chain Planning Software Supply Chain Design Software Manufacturing Procurement Supply Chain Software 105

Talking Logistics

JULY 25, 2018

Take EDI, for example. Think of it as a business intelligence dashboard for the business user that displays information gathered from EDI transactions in the context of the Order-to-Cash or Procure-to-Pay process. Resolution Rooms, enhanced with Watson’s AI and machine learning capabilities, are a perfect example of this in action.

Supply Chain Planning Software 92

Supply Chain Planning Software Supply Chain Software Supply Chains Logistics Network Optimization Software 92

Logistics Bureau

NOVEMBER 20, 2023

That would enable the printing of manifests and proof-of-delivery documents by shipment, to be issued to the delivery crews the following day, and the picking documents for the warehouse. It’s hard to imagine that many still need to shuffle paper documents around using pigeonholes.

Presentation 95

Presentation Optimization Software Logistics Network Optimization Software Optimal Sourcing 95