This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Companies leaning heavily on global sourcing? Theyre feeling the heat most, as sudden trade policy curveballs throw procurement plans into chaos. manufacturer I know saw their import costs jump overnight, forcing a rethink of a decade-old sourcingstrategy. What Is Agile Procurement?
In an era where resilience and adaptability are key to survival, technology has become the bedrock upon which supply chain professionals build their strategies. This enables 3PLs to optimize inventory levels, reducing the risk of overstocking or understocking, even in uncertain economic times.
Topic: Prepping for Peak: How to Level-up your CX Strategy this holiday season. Retailers and shippers must adapt their strategy to ensure they get the right product, to the right place at the right time to meet the high expectations of consumers/customers. Description: . Check out The Logistics of Logistics on Youtube .
With a proactive plan towards an eye on optimized transportation management that is well executed can make the difference between excellent customer service, and customers looking elsewhere for their needs. The Process Can be Cross Optimized for Maximum Efficiency. Less product breakage results in a more profitable bottom line.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone.
Procurement and Supply Chain Management are essential functions that can help companies navigate these challenges, but they are often siloed and operate in separate departments. Their metrics are often misaligned as well – supply chain focuses on service and procurement focuses on the cost of acquiring materials and services.
What strategies can businesses employ to optimize these costs, enabling them to streamline operations and enhance efficiency? By analyzing historical trends, demand patterns, and performance metrics, businesses can make informed decisions to optimize inventory levels, minimize excess stock, and enhance resource utilization.
Current and future applications have the potential to provide new methods of value creation and sources of revenue streams for companies in the digital age. 11 Improvements by the Deployment of the Internet of Things in the Supply Chain. Improve service levels. Improve quality levels in real-time. equipment uptime.
At Cerasis we work with our shipper customers who procure items every day and have needs for inbound freight management as they secure those products from their vendors. Increasingly, as we work with procurement folks at these companies, we are hearing that technology for better communication and to create more efficiency.
Speaker: Laura Garcia, Sr. Editor at Supply Chain Digital and Procurement Magazines
During this webinar, we’ll discuss how to take an objectives-first approach and demystify some of today’s hottest tech such as IoT, AI, and Big Data and show you how they can help build resiliency, unearth competitive advantages and optimize bottom-line results by: Fostering innovation. Implementing strategic procurementstrategies.
As pressure to improve supply chain cost performance increases for many companies, the evaluation and selection of competent suppliers becomes a key concern. At the same time, this data may indicate possible issues in the procurement process, regarding product quality and delivery. All of these aspects impact procurement processes.
It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. Configure to Order: This strategy involves customizing standard products based on customer specifications.
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?
a How to Navigate Your Supply Chain During Market Swings Show Submenu Resources The Logistics Blog® Newsroom Whitepaper Case Study Webinars Indexes Search Search BlueGrace Logistics - November 21, 2023 In the realm of ever-fluctuating food prices, a pragmatic revolution is quietly taking place in the shopping carts of budget-conscious consumers.
Speaker: Rod Robinson - SVP of the Supplier Diversity Practice, Insight Sourcing Group
Supplier diversity programs are impactful and effective tools in your business strategy because they guarantee a diverse supplier base and ensure inclusivity within your ultimate procurement plan. How bringing in fresh ideas and perspectives drives innovation and improves your bottom line.
, at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well. So we thought we would impart upon all the shippers out there some tips on how to reduce overall costs for effective LTL Procurement. 10 LTL Procurement Cost Cutting Tips.
As a shipper, it can be hard to procure full truckloads, and small and mid-sized shippers suffer from an exacerbated version of this problem. Shippers face tightening capacity, higher rates, and demanding consumers, and procuring a full truckload may be the last thing on their minds. What about payment processing and documentation?
The term “optimization” is thrown around often in the logistics landscape. It’s true, optimization is an indispensable part of a well-run business model. While the decision is sometimes considered arbitrary, in order to optimize your operation, i.e. lower cost and maximize profit, it is crucial to consider the following factors. .
Across our many blog posts, videos, webinars, eBooks, and other shared content, you’ll find a wealth of information about various aspects of outsourcing in the supply chain. However, I can’t recall writing a general guide about exploiting outsourcing opportunities to improve your supply chain.
Speaker: Shaunna Bruton, Danielle Wyllie, and Kailey Holmes
This webinar will take you behind the scenes of how top retailers turn customer data into personalized experiences that drive engagement and retention. Say goodbye to one-size-fits-all retail, and say hello to experiences that keep your customers coming back for more! 📅 September 18, 2024 at 11:00 am PT, 2:00 pm ET, 7:00 pm BST
In this blog, Tom shares with us 4 Life hacks for promoting teamwork and improving operations. 4 Hacks to Improve Your Warehouse Operations. Nevertheless, some steps can be taken to improve these very operations. Many interfaces like this have increased productivity, improved inventory accuracy and reduced attrition.
Thanks to data gathering programs, supply chain software , and data entry applications, this represents a mountain of data, which has the potential to provide ground-breaking insight into how to improve business-model efficiency. How Does Big Data Improve a Supply Chain? Big Data and Supply Chain Optimization.
Supply chain leaders must be ready to implement big data and leverage it to improve their companies without any delay or inhibition This may sound impossible and frightening, but they must only understand how big always goes back to these two, simple principles of measurement, review, and action. However, the fundamental problem remains.
Editor's Note: Today's is blog is from Nicole Lewis who shows us the steps for smarter logistics planning optimization. However, contemporary business affairs feel an increasing need not only in logistics planning optimization but also in it as a whole procedure. Logistics planning optimization, evaluation of results and monitoring.
However, one of the most important aspects of supply chain strategies is often overlooked: the reverse supply chain (also referred to as reverse logistics ). A reverse logistics strategy provides a path for removing the existing equipment to make way for the next era of equipment in the case of end of life products or new upgrdes.
Watch our logistics software webinar , entitled ‘Logistics Software: Beyond the RFI & the RFP. Achieve Supply Chain Excellence’, where industry experts will guide you through mastering the logistics software selection and procurement process. Are you planning to buy new logistics software in the next 12 months?
10 Tips to Remain Competitive and Have an Effective Transportation Management Strategy. Effective transportation management strategy takes into account the availability of materials and order fulfillment requirements, ensuring that those resources are optimally utilized and warehouse capacity.
From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. In other words, the use of AI may help to improve patient outcomes and reduce delays from misdiagnoses or laboratory testing. The State of Supply Chain 2016 Trends.
In manufacturing, analytics optimizes production quality , saves energy, and improves equipment service. Operators will be able to test and optimize machine settings in the virtual world before the physical changeover, driving down machine setup times and increasing quality. Big Data and Analytics. Simulation. With Industry 4.0,
in turn, is a boutique procurement consultancy. As the Automotive OEMs improved their supply chain risk management processes, they then turned to their key suppliers to improve their risk management processes. Niebur spoke of risk management as a continuous improvement journey that would never end.
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.
For the company determined to try, it is critical to maintaining constant guard on cost controls at every turn in every transaction, a daunting proposition for most companies whose competencies are not developed with optimal freight costs control as a core area of focus. Job Territories.
SEE ALSO : Reshoring Optimism, But Not Much Else (a hard look at the numbers reveals, although there is optimism about widespread reshoring, there is still more work to do. Remember, realism & optimism breed sustainability!). What…a negative link about reshoring in a post about reshoring?
In today's highly competitive marketplace, it’s imperative for businesses to innovate new ways to streamline their supply chain and optimize productivity. Here are just a few ways to integrate modern supply chain technology applications into your business model and improve your supply chain management. Source: Morai Logistics.
In this webinar, Marina, Envase’s Digital Marketing Project Manager, and Bobby Strenk, the Senior Director of the SecurSpace marketplace, discussed the ins and outs of SecurSpace , an on-demand marketplace for secure yard storage. For a quick demo, jump to 16:20 in the webinar recording to watch Bobby walk through it!
Companies need to shift their attention to better supply chain visibility and management in terms of optimizing the use of technology to handle transportation managemen and investment in a streamlined transportation accounting service. Data can indicate issues with procurement , product quality, and delivery.
Unlike Descriptive (focused on reporting with basic trend or pattern recognition) or Predictive Analytics (focused on predicting the future with forecasting techniques), Prescriptive Analytics uses techniques like machine learning and mathematical modeling to help you improve decision making. billion in value by 2019.
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?
To succeed, companies will have to improve visibility, in-store accuracy levels, integration and technology capabilities. Transportation capacity and cost: carriers are more selective about which retailers they work with and parcel pricing strategies are changing. Source, make, and deliver reporting to a common leader.
These fast speeds improve the hardware used for fleet management and the bandwidth used for the Internet of Things (IoT). This data helps in identifying areas for improvement, optimizing operations, and making data-driven decisions. This data identifies inefficiencies, optimizes maintenance schedules, and improves productivity.
MHS, a single-source provider of material handling automation and software solutions, announces a new multi-part online experience scheduled to run October through November. The post Insider Series Provides Insights on Trends, Technologies and Strategies appeared first on Logistics Business® Magazine.
The pair talked about how the supply chain industry is moving beyond the table stakes of TMS and turning to network-like technology platforms that go further upstream into the supply chain, enabling strong supply chain collaboration amongst all trading partners, putting the supply chain at the heart of their customer experience strategy.
2016 marched onward with a drive to improve the use of digital technology throughout the supply chain. Innovation is the driving force behind change and improvement in the modern world. Technology will only delivery […] if it’s implemented with strategy and operations that adhere to best practices.”. Supply Chains Went Digital.
The Center for Global Enterprise releases new research suggesting revenue growth at the hand of improved digital supply chains. The research suggests improved enterprise Digital Supply Chains ( DSC ) can lead to a 20% reduction of procurement costs, a 50% reduction in supply chain costs, and an increase in revenue of 10%.
We organize all of the trending information in your field so you don't have to. Join 84,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content