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. Here are some examples of such use cases.

Optimal Sourcing 120

Optimal Sourcing Manufacturing Procurement Procurement Analytics Supply Chain Planning Software 120

Talking Logistics

FEBRUARY 14, 2022

As shippers, carriers, and logistics service providers look for ways to innovate and eliminate waste and inefficiencies from transportation management, one area that is starting to get more attention is transportation procurement. For example, an October. Read more How Technology is Transforming Transportation Procurement.

Procurement 91

Procurement Logistics Network Optimization Software Waste Reduction Transportation 91

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

SYSPRO Smarter ERP

JULY 12, 2022

As supply chain disruptions continue the procurement function should adapt to improve transparency, build collaborative relationships, and ensure sustainable sourcing practices, resulting in a stronger, more resilient supply chain with Cloud ERP for manufacturing. However, as teams become remote manual procurement has hampered operations.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 105

SYSPRO Smarter ERP

JANUARY 12, 2022

Procurement in manufacturing companies is often not done correctly. With direct and indirect materials making up at least 50% of typical manufacturing costs, the procurement function could be re-imagined so companies can be more responsive to customer demands and more agile when dealing with supply chain challenges.

Manufacturing Procurement 105

Manufacturing Procurement Optimal Sourcing Procurement Solutions Supply Chain Planning Software 105

The Logistics of Logistics

OCTOBER 30, 2023

LeanDNA is a cloud-based supply chain execution platform that helps discrete manufacturers digitally transform their procurement operations. LeanDNA helps manufacturers to improve their supply chain efficiency and agility, while also reducing costs and improving customer satisfaction.

Inventory Reduction 359

Inventory Reduction Optimal Sourcing Supply Chain Design Software Inventory 359

Logistics Viewpoints

NOVEMBER 25, 2024

In 2017, a strategy consultant was hired to do a top-to-bottom assessment of the Boston University procurement program. Randall Moore was hired as the new chief procurement officer in May. Facilities sourcing and construction contracting were centralized in the procurement department. They recommended a change in leadership.

Purchasing Skills 144

Purchasing Skills Sourcing Strategies Sourcing Procurement Solutions 144

The Logistics of Logistics

NOVEMBER 8, 2021

Example: Ware2Go is providing on demand warehousing, so companies can scale with on?demand Matt and his team at popcapacity leverage proprietary technology to streamline the process of procuring warehouse space, while also understanding the power of relationships in supply chain.

Warehousing 341

Warehousing Supply Chain Design Software Manufacturing Procurement Modeling Software 341

The Logistics of Logistics

FEBRUARY 11, 2022

So, as an example, the IMS tracks and reports that there are 30 widgets in Warehouse A, 25 in Warehouse B, 48 in Manufacturing Plant A, and so on. An example would be scanning a pallet ID and location barcode to confirm that the pallet with the ID of 123 has been putaway location 456, for example.

Inventory 273

Inventory Optimal Sourcing Optimization Software Manufacturing Procurement 273

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. However, freight procurement is changing. In logistics, we talk about strategic freight procurement and the spot market. There is a driver shortage. It is a brutal job.

Logistics Network Optimization Software 221

Logistics Network Optimization Software Trucking Freight Supply Chain Planning Software 221

Logistics Viewpoints

OCTOBER 23, 2023

The discipline has done a good job of driving collaboration between sales and marketing and manufacturing, procurement, and logistics. Because procurement is a major theme of the conference, I could not help but talk to the top executives of this business unit about the new Elon Musk biography. Musk smiled.

Manufacturing Procurement 164

Manufacturing Procurement Production Supply Chain Design Procurement 164

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 62

Cost Reduction Procurement Analytics Optimal Sourcing Procurement 62

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

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 139

Manufacturing Procurement Procurement Analytics Optimal Sourcing ERP 139

Logistics Viewpoints

OCTOBER 24, 2024

While SAP has had procurement analytics solutions, last year at Spend Connect Live, SAP announced the Spend Control Tower. Daniel Chapman, the senior director of process transformation for procure to pay at Warner Music, was a keynote speaker. For example, a buyer might say, “You only shipped me 800 of the 1000 products I ordered.”

SAP 133

SAP Procurement Solutions Manufacturing Procurement Procurement Analytics 133

The Logistics of Logistics

AUGUST 9, 2024

Since joining Trimble, Williams has led product development and strategy for Trimble’s award-winning dynamic freight procurement solution, Engage Lane. Understand the role of AI in logistics through examples like AI assistants and supply-demand prediction tools.

Optimal Sourcing 289

Optimal Sourcing Optimization Software Logistics Network Optimization Software Supply Chain Software 289

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.

Supply Chain Design Software 146

Supply Chain Design Software Supply Chain Planning Software Freight Logistics Network Optimization Software 146

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

Logistics Viewpoints

OCTOBER 3, 2022

In warehouses, for example, one solution is labor management. For example, the auto industry embraced risk management after the nuclear disaster at Fukushima. For example, the auto industry, which lost billions because of the semiconductor chip shortage, had suppliers that could not get the chips they needed for their products.

Supply Chain Software 178

Supply Chain Software Supply Chains Sourcing Strategies Optimal Sourcing 178

Logistics Viewpoints

JANUARY 11, 2021

Jeff Tramel, the Vice President of Global Procurement, at NTT DATA Services. SAP recently announced that NTT DATA Services, a global digital business and IT services company, had achieved $125 million in value based on a digital transformation of their procurement function. The procurement function is self-funded.

SAP 110

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 110

Logistics Viewpoints

OCTOBER 17, 2024

An example of this is Vendor Management Inventory and Capacity Collaboration for contract manufacturing. Adopt a Holistic Direct Spend strategy Move beyond isolated tactics and adopt a holistic, approach to direct spend that integrates sourcing, contract management, procurement and invoicing.

Supply Chain Planning Software 134

Supply Chain Planning Software Manufacturing Procurement Supply Chain Design Software Optimal Sourcing 134

Logistics Viewpoints

MARCH 24, 2022

Business intelligence tools can use this visibility and other information to help shippers act more strategically by procuring the most efficient, cost-effective carrier services. Procurement teams play an incredibly important role. Critical insights gleaned from business intelligence also need to be incorporated back into the system.

Supply Chain Planning Software 136

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 136

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 147

Supply Chain Design Software Supply Chain Planning Software Supply Chain Design Optimal Sourcing 147

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.

Manufacturing Procurement 142

Manufacturing Procurement Supply Chain Planning Software Sourcing Strategies Procurement Solutions 142

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. This intermediate step is more related to Procurement and supply chain transparency. Any final thoughts?

Supply Chain Planning Software 141

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 141

Logistics Viewpoints

OCTOBER 20, 2022

The frequency of RFP events is only one area that can be improved as shippers look for a better way to manage freight procurement processes. Some items on a shipper’s “Wish List” for freight procurement are flexibility, visibility, and efficiency. Efficiency in freight procurement allows companies to engage in other value-added work.

Optimal Sourcing 129

Optimal Sourcing Freight Procurement Logistics Network Optimization Software 129

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. She knew the company was innovative; after all, Coupa created a new software enterprise category: business spend management. What an opportunity!”

Procurement Solutions 136

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Logistics Viewpoints

JANUARY 31, 2024

Between the Carbon Border Adjustment Mechanism ( CBAM ) and the Corporate Sustainability Reporting Directive ( CSRD ), any large company that intends to conduct business in the European Union will be responsible for reporting on data that encapsulates environmental risk, procurement statistics, and supply chain impacts.

Data 159

Data Manufacturing Procurement Material Savings Supply Chain Software 159

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. However, freight procurement is changing. Strategic Freight Procurement vs. the Spot Market. In logistics, we talk about strategic freight procurement and the spot market.

Security 26

Security Logistics Network Optimization Software Freight Trucking 26

SYSPRO Smarter ERP

SEPTEMBER 8, 2022

The procurement process doesn’t start with raising a purchase order and sending it to a supplier. Implementing a procurement strategy. Procurement can be a significant driver of an organisation’s pandemic recovery efforts. The procurement function needs to be agiley and ensure stock is available for production.

Manufacturing Procurement 105

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

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. The best-known examples are the deployment of robots and automated guided vehicles (AGVs) in the warehouse. Other Uses for AI in the Supply Chain.

Supply Chain Planning Software 113

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 113

Logistics Viewpoints

APRIL 19, 2023

Second, what is autonomous planning in supply chain, and what are some practical examples? In order to achieve this, demand planning, inventory planning, supply planning via procurement and/or production planning, along with fulfilment/allocation and even transportation planning need to be integrated.

Supply Chain Planning Software 139

Supply Chain Planning Software Optimal Sourcing Scenario Planning Manufacturing Procurement 139

Logistics Viewpoints

FEBRUARY 28, 2022

Lead times, for example, are a critical form of master data for planning purposes. The processing units in an oil refinery, for example, operate at high temperature and high pressure. One example of the value of machine learning in demand planning comes from Mahindra & Mahindra. These constraints need to be understood.

Supply Chain Planning Software 172

Supply Chain Planning Software Supply Chain Design Software Optimal Sourcing Supply Chain Software 172

Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. The company had access to huge amounts of trade data, for example. In the BD supply chain, it is the procurement team that plays a key risk management role. Our procurement turnover is at 4%.

Supply Chain Software 127

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 127

Logistics Viewpoints

JANUARY 11, 2021

Jeff Tramel, the Vice President of Global Procurement, at NTT DATA Services. SAP recently announced that NTT DATA Services, a global digital business and IT services company, had achieved $125 million in value based on a digital transformation of their procurement function. The procurement function is self-funded.

SAP 84

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 84

GlobalTranz

AUGUST 18, 2021

Focus on Carrier Procurement and Management. Since a transportation management services provider’s whole business is transportation, any selection process must also focus on what that entity does to procure and manage its carriers. In many cases, this refers to the intuitive workflows that exist with the TMS in operation.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

Logistics Viewpoints

JANUARY 6, 2025

For example, the application sends three auto reminders to a buyer if a PO they cut does not have a corresponding purchase order confirmation associated with it. But the chief procurement officer has been made aware of the 10% of suppliers not participating. Where and how often, for example, did a buyer deviate from the happy path?

Supply Chain Transformation 123

Supply Chain Transformation Supply Chain Software Supply Chains Procurement Solutions 123