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Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. The world’s largest shippers and capacity providers use the Emerge Freight Procurement Platform daily, showing immediate ROI for procurement and saving valuable time in the process.
Andrew Semisch and Joe Lynch discuss smart freight sourcing, which starts with an RFP tool purpose built for freight sourcing. Andrew is Vice President of Commercial Development for Emerge , the leading freight procurement platform. About Andy Smisch. In this role, he leads the company’s acquisition and growth of strategic accounts.
Ryan is the Co-founder and CEO of GoodShip , an all-in-one platform for supply chain analytics, carrier management, and transportation procurement About Ryan Soskin Ryan Soskin is a 13 year logistics veteran and three time startup unicorn alum with a long history in freight tech. Ryan Soskin and Joe Lynch discuss insight to action.
Procuring transportation for freight is much different than any other procurement category. There are different tools, goals, and market dynamics. Transportation procurement needs to support both customer service and a company’s internal supply chain goals. One master of freight procurement is Kyle Masters.
On April 4 th , Kyle Masters – the senior manager of transportation procurement at Simmons Foods, participated in a webinar hosted by Emerge. The webinar focused on Simmons Food’s approach to transportation procurement. Mr. Masters quickly determined that a procurementevent was necessary just to set a baseline.
Kelly is the VP, Product Management of Trimble Transportation , a technology company that offers a suite of transportation technology solutions, including fleet management, route optimization, and freight visibility tools, to improve efficiency and safety.
Breakbulk Americas , is the region’s largest trade event for the project cargo and breakbulk industry. This event will feature over 200 exhibitors, showcasing innovative solutions to aid industry progress globally and foster high-value deals among ocean carriers, ports, logistics providers, road transportation, export packers and many more.
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.
Expertise in operations, LTL pricing and procurement, flatbed operations, dry van, tracking and tracing, reality tv shows and how to turn a stranger into your new best friend. FreightWaves Events. When she’s not writing about 3PLs you can find her in the cold chain world hosting Running on Ice. Mary on Twitter. FreightWaves .
However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated.
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.
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.
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). This is an important time for the supply chain profession.
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.
Promotion Management is defined as optimizing the utilization of tools, strategies, and resources to promote a product that will generate additional demand. During promotional management, especially for big events around special days and holidays, inventory levels need to be adjusted to meet the peaks in demand.
The quotes are evaluated, however without the proper tools, the insights gained are minimal. The fine folks at Emerge have reinvented freight procurement by developing a technology platform specifically made for managing freight RFPs. Step 3 – Create an RFP event. Step 5 – Award the Business. No more mass emails!
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.
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. market data, weather forecasts, geopolitical factors, events), and IoT devices (e.g., ERP, CRM, SCM), external sources (e.g.,
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. SAP was acting as a recording tool,” Mr. Musabasic said. “We KRONOS Worldwide implemented SAP’s ERP to gain more central control and streamline operations.
Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.
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. This intermediate step is more related to Procurement and supply chain transparency. Any final thoughts?
To meet these demands, shippers need the right supply chain management tools with the flexibility to grow and scale as needed. The right supply chain management tools help not only to enable shippers to provide better customer service and on-time deliveries but also to remain competitive with everyone else in the market.
Wondering where to find the leading events in your local area? EazyStock has complied a new list of the top 2019 Supply Chain events that you can’t afford to miss. These events will inspire you with valuable ideas and will introduce you to interesting business networks. Live Americas 2019 by SCM World. Feb 3-7, 2019.
Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Ensure that, somewhere along the way, data diagnostic tools will be used to check for missing and inconsistent data automatically. . Maintaining all past and future promotional events in a database.
Risk events that happen in one part of the supply chain can cause a disruptive effect that is amplified multi-fold given the complex connectivity of labor, raw materials, and capacity. Inflation, pandemics, railway strikes, adverse weather events – the supply chain disruptions keep on coming. Nari Viswanathan is currently Sr.
What I learned is that this is a solution that covers the entire procurement to pay process in a deeper manner, where risk is better operationalized, and with better return on investment, than traditional enterprise solutions do. That is what Coupa does.
They usually have limited planning tools and rely heavily on employees for knowledge management. Digital supply chain planning solutions offer elegant tools to tackle these predicaments rigorously. Add to that the abundance of spreadsheets for individual processes, and it’s not hard to get lost in the chaos.
The benefit of this is that you’ll be in a more proactive state when unforeseen events or crises arise with minimal warning. Alternatively, you can procure access to a digital freight benchmarking platform. The Pros and Cons of Procuring a Benchmarking Tool. That’s the first question to ask.
When my fiance heard about the price, he advised that I find a local hairdresser and set up a frequent-shopper account with them for a few months until the tool is back in stock. We can say things have changed, and the pandemic is not just an anomaly event after all.
Procurement meets benchmark The company set out to find a partner with expertise in web-based transportation and logistics. While there are many e-procurement platforms available, Ticontract is a specialized transportation procurement platform built for the needs of the logistics industry.
We have complete visibility of the performance of the entire supply chain in one tool. The platform will look at all the potential alternatives and the cost of those alternatives, and it will make a recommendation for a supply chain person to go in and look at the event. This was meant to be an internal tool for Lenovo.
It gives us immense pleasure to announce that Locus has been listed as a Representative Vendor in the 2022 Gartner® Market Guide for Supply Chain Network Design Tools. There is also the question of rising uncertainty caused by unpredictable events on supply chain performance. and/or its affiliates in the U.S. All rights reserved.
To keep up with the resulting complexity to the supply chain, brands have been relying on third-party logistics partners and manually piecing together long contracts, RFPs and limited software capabilities with their own third-party integrators and multiple software tools.
The 2017 hurricane season,” Mr. Herzog said, “was a big event on our journey. P&G was able to leverage their digital tools to see what plants, supplier plants, and customer distribution centers were in the path of the storm. We saw Irma coming, a Category 5 hurricane, and its path.”
A Possible Stimulus on the Horizon May Increase the Challenge of Procurement Through Peak Season. With driver shortages still impacting the industry and continual fluctuations with supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services.
Yet they can be prepared for these transformative events; ready in such a way that they can even thrive on anomalies in a way that the competition will struggle to keep up with.” And demands for 2021 already reveal strife in procurement in the shipping industry and visibility through all operations, including carrier troubles.
With driver shortages still impacting the industry and continual volatility within supply and demand balances, it is more important than ever for OTR managers to get on board with remote tools and digital services, including advanced shipper TMS platforms and managed services to reduce workload. .
Inventory Management Inventory management is the procurement, storage, and selling of a company’s inventory. Order Fulfillment and Shipping Once a customer or retailer submits an order, a series of events need to occur to deliver the product. A distribution center will ensure there are enough products on hand to meet orders.
The following is a compilation based on select speakers at the event. But as Bjorn Vang Jensen of Nanooq Consulting pointed out, recurring events shouldnt be thought of as black swans, but as the new normal. To determining which tools can help execute that strategy.
Capacity can be easily ramped up or down due to product seasonality, holidays and of course global events such as the COVID-19 pandemic. Supply chain technology investments were once delegated to a specific function such as procurement or logistics. making a fast return on investment (ROI) fairly likely ? and Unnu, Kaan. [2]
Procurement professionals, if you are considering a transition from manual and Excel-based RF(x) to online automated e-sourcing platforms, here is the information you need to mitigate fear, uncertainty and doubt in your supplier base. But feedback from suppliers on the available procurement automation platforms tends toward the negative.
Artificial intelligence is a potent tool that helps companies get the most from their data. So, how AI can transform how companies utilise their data through autonomous procurement, real-time ETA tools and decarbonisation? Statistical AI can be a helpful decision-making tool. This takes several forms.
You are not alone, especially as in the time since we first penned this article, one huge and unforeseen event has raised awareness of the global importance of this vital sector—and shown it to be an attractive career choice. That event was the global COVID-19 pandemic, which erupted during the first half of 2020. Networking.
As a prestigious senior level leadership event, it gathers over 150 supply chain executives and influential decision-makers including CEOs, SVPs, VPs and directors. The European Supply Chain Summit, organized by Generis Group, is set to take place on November 21st and 22nd, 2023, in the vibrant city of Berlin, Germany.
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