Material Handling and Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 166

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 166

Logistics Bureau

NOVEMBER 14, 2018

If you have not yet tackled the question of ethics in procurement, now is a great time to start. It does not matter whether you are a procurement professional, internal customer, external customer, senior executive, or supplier. Procurement is what sets entire supply chains and their organisations in motion.

Procurement Analytics 75

Procurement Analytics Optimal Sourcing Procurement Solutions Procurement 75

LabelMaster

JUNE 10, 2021

For example: e-procurement. Many Labelmaster customers already take advantage of our support for e-procurement platforms including Ariba, Coupa, Hubwoo (Perfect Commerce), Smart by GEP, SAP S/4 and many. The post How Labelmaster e-procurement can lower your costs of hazmat compliance appeared first on Labelmaster Blog.

Procurement 52

Procurement Compliance GEP SAP 52

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 156

Manufacturing Procurement Production Supply Chain Design Procurement 156

Turvo

AUGUST 31, 2021

With all the volatility that still lingers in the modern supply chain, the need for high-quality data analysis, solid procurement planning, good profit margins , and streamlined scheduling systems all remain crucial for shipping and transportation providers. Why Poor Visibility in Grocery Procurement Plans Lead to Big Issues.

Supply Chain Planning Software 59

Supply Chain Planning Software Procurement Solutions Optimal Sourcing Procurement 59

GlobalTranz

SEPTEMBER 22, 2016

The roles of logistics and procurement in an efficient supply chain cannot be overstated. According to Paul Myerson , reports Industry Week, up 70 percent of a company’s costs come from procurement and logistics operations. So, why do supply chain managers not take advantage of this data with respect to procurement?

Manufacturing Procurement 108

Manufacturing Procurement Procurement Analytics Procurement Solutions Optimal Sourcing 108

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 127

Procurement Solutions Modeling Software Procurement Analytics Logistics Network Optimization Software 127

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

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

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.

Optimal Sourcing 362

Optimal Sourcing Inventory Reduction Supply Chain Design Software Inventory 362

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. The Definition of Procurement Logistics.

Manufacturing Procurement 101

Manufacturing Procurement Procurement Solutions Procurement Analytics Optimal Sourcing 101

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 131

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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

Talking Logistics

APRIL 2, 2018

As the dust has settled in Q1 of this year, many shippers have now gone out to bid through procurement processes. Within 30 days of a procurement event in Q1, they had already reduced their use of the spot market to 3.6 Procurement’s Not the Only Answer. The post Transportation Procurement: Still Standing on the Sidelines?

Optimal Sourcing 60

Optimal Sourcing Procurement Transportation Cost Reduction 60

Logistics Management

AUGUST 24, 2018

A new research paper released by The Hackett Group maintains that “world-class” procurement organizations now operate at 21 percent lower labor costs than peers and have 29 percent fewer staff.

Examples 48

Examples Groups Digital Procurement 48

GlobalTranz

NOVEMBER 28, 2016

Editor's Note: Today's blog is by our great friend, Chuck Intrieri where he gives us a fantastic example of how Procurement and Suppliers can enhance Supplier Relations by navigating the "Battle of the Forms.". For example, in one Indiana case, Tyler Pipe Industries, Inc. Battle of the Forms: Will You Win, Lose or Draw?

Manufacturing Procurement 85

Manufacturing Procurement Negotiate Pricing Optimal Sourcing Procurement 85

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 139

Supply Chain Design Software Supply Chain Planning Software Freight Logistics Network Optimization Software 139

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.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The start of any product or service is procurement, explains Jonathan Webb of Forbes Magazine , which refers to the obtaining of raw materials needed to create a product.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

FreightWaves SONAR

MAY 14, 2024

From a shipper’s perspective, transportation is a cost center, and the exercise of sourcing trucking capacity is not much different than that of procuring raw materials for production. Shippers have the strongest leverage at this point and can do themselves a favor by making sure they are procuring transportation at a sustainable price.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Sourcing Strategies 52

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 126

Optimal Sourcing Freight Procurement Logistics Network Optimization Software 126

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

GlobalTranz

FEBRUARY 19, 2016

As time passed, procurement gradually gained a larger role in the scope of manufacturing and order fulfillment. By the mid-1950s , procurement had become a commonplace aspect of minor business, and procurement was almost comparable to secretarial work. Why Is Technology Driving Procurement Trends and the Role of Procurement?

Manufacturing Procurement 56

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 56

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 104

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 104

Freightos

MARCH 17, 2019

The annual fixed-price contract is the current go-to for ocean freight procurement. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing? We never looked back. Source: SGX, Freightos Baltic Index.

Optimal Sourcing 48

Optimal Sourcing Procurement Price Reduction Freight 48

Transporeon

JANUARY 25, 2018

In the case of an Amway multivitamin, for example, the company controls the process “from seed to supplement,” transporting raw materials to manufacturing sites in the U.S., The company began searching for a better way to procure freight and manage bids. We needed very little support,” says Clark. “We

Negotiating Skills 48

Negotiating Skills Manufacturing Procurement Cost Reduction Supply Chain Planning Software 48

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 132

Supply Chain Planning Software Optimization Software Logistics Network Optimization Software Optimal Sourcing 132

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 135

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 135

GlobalTranz

JULY 30, 2018

Blockchain is entering a phase of development that will affect every aspect of supply chain and logistics management, ranging from procurement to forward logistics and beyond. Staying Competitive Will Demand Blockchain Use Blockchain is among the most dramatic developments in the modern world.

Supply Chain Software 50

Supply Chain Software Examples Logistics Network Optimization Software Supply Chains 50

CLX Logistics

NOVEMBER 13, 2023

Lutton delve into the integration of cutting-edge technologies advancing analytics into traditional supply chain models, like CLX Lanelogix — the chemical industry’s premiere benchmarking, bidding, and procurement tool.

Supply Chain Software 66

Supply Chain Software Resource Reduction Cost Reduction Optimal Sourcing 66

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 82

SAP Optimal Sourcing Negotiate Pricing Negotiating Skills 82

CLX Logistics

APRIL 26, 2019

For companies willing to embrace opportunities for improvement across the entire supply chain, here’s a look at the top transportation procurement and benchmarking trends. The technology component is becoming increasingly important in all aspects of logistics management, including procurement and benchmarking. Learn More.

Optimal Sourcing 45

Optimal Sourcing Negotiating Skills Procurement Cost Reduction 45

Logistics Business Magazine

MAY 8, 2019

Businesses failing to use procurement specialists to ensure they get best value from Third-Party Logistics suppliers (3PLs) are potentially losing millions, according to the latest research from UK supply chain and logistics consultancy SCALA. SCALA’s research went on to show the positive impact good procurement has when used effectively.

Negotiating Skills 28

Negotiating Skills Optimal Sourcing Procurement Cost Reduction 28

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 173

Supply Chain Software Supply Chains Sourcing Strategies Optimal Sourcing 173

Logistics Business Magazine

NOVEMBER 30, 2023

Efficio, a global procurement and supply chain consultancy, is working with business leaders to do just that – turning attention to the supply chain to make the biggest impact on ESG. Supply chains are most organisations’ largest source of emissions, and procurement can and should be the engine for change.

Supply Chain Software 50

Supply Chain Software Supply Chains Sourcing Strategies Procurement 50

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 344

Warehousing Supply Chain Design Software Manufacturing Procurement Modeling Software 344

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 124

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 124