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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 sourcing strategy. What Is Agile Procurement? Agile procurement is your lifeline.
Three technologies have emerged as game-changers for third-party logistics (3PL) and supply chain experts: large language models (LLMs), freight optimization platforms and no-code automation. These tools are helping businesses advance operations, enhance efficiency and drive growth, irrespective of the volatile economic market conditions.
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.
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.
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.
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. Continuous Improvement is a complex notion.
Most people in my division work in capability development or centers of excellence designed to help operations centers improve their performance in logistics, customer service or production. It was taxing to report above the country level with this tool. This drove us to adopt a better strategic decision-support tool.
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.
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.
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.
Districon is a consulting company that brings the power of optimization and analytics closer to supply chain processes. What is S&OE and what does it entail to develop a companion app with optimization capabilities? Our recent webinar shared 3 must-haves for companies to improve their S&OE capability.
Common issues include: Lack of data-source integration. The ability to gather and compare data from multiple sources is vital to making real-time decisions. Storage costs increase significantly when you duplicate data across multiple sources. In recent years, the amount of data available to most companies has exploded.
Logistics professionals require exemplary international online logistics tools to help them carry out their daily businesses with ease and deliver the best for their customers. Mobile phones can offer incredible services in any business from inventory tracking and shipments to the execution of procurement transactions.
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.
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. Take production planning tools, for example.
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.
Transparent supply chain management and effective supply chain visibility is a critical tool in a company’s continued growth and successful brand image. Data can indicate issues with procurement , product quality, and delivery. A trend in dual/multi-sources helps to provide additional supplier sources in the case of any concerns.
Those savvy shippers who either find those resources internally or are doing what a lot of shippers are now doing, outsourcing to a transportation management service provider , are using a more strategic and effective transportation management approach as a competitive advantage tool, in the ever-challenging economic and commercial landscape.
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!
We commissioned Supply Chain Insights to conduct independent research about this topic and discussed the findings in a recent webinar. You need technology to crunch the numbers, manage data and run optimization models for decision support. . What works well, and what are the challenges? What’s hindering them? .
Supply chain executives must evolve from cost and service as the key objectives for optimal demand-supply balancing towards the “quadfecta” of cost, service, resiliency, and sustainability. It is critical that supply chain design tools model real world complexity to effectively model the risks. Nari Viswanathan is currently Sr.
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.
The AM processes would produce less scrap, address complex geometries and improve strength-to-weight ratios. AM has the potential to move manufacturing from mass production in large factories with dedicated machining and tooling lines to an era of mass customization and distributed smart manufacturing. Source CIO.com.
We commissioned Supply Chain Insights to conduct independent research about this topic and discussed the findings in a recent webinar. You need technology to crunch the numbers, manage data and run optimization models for decision support. What works well, and what are the challenges? What’s hindering them?
Better ways to manage transport operations emerge, from how we plan and strategize, to how we ultimately execute and drive continuous improvement. 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.
Platform keyboard_arrow_down Platform keyboard_arrow_down Platform Power The feature-rich functionality to manage all modes, in all geographies, while optimizing route, rate, and end-to-end processes. 7 Ways Transportation Companies Can Improve Customer Experience. Learn About Our Chief Technology Officer Meet Beth arrow_right_alt.
Most people in my division work in capability development or centers of excellence designed to help operations centers improve their performance in logistics, customer service or production. It was taxing to report above the country level with this tool. This drove us to adopt a better strategic decision-support tool.
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. Take production planning tools, for example.
There won’t be a new normal, just new sources of disruption, from weather to government policies to industry conditions. Don’t expect to plan for every disruption; instead, develop a strategy to overcome supply chain disruption, regardless of the source. Price fluctuations and sourcing issues. Trade disputes and tariffs.
We recently hosted a webinar walking through the topics below. At the core of any freight brokerage is its ability to source and secure capacity. These resource shortcomings result in underutilized and fragmented carrier networks that limit a brokerage’s ability to optimize and scale. Why “Capacity Management”? API Integrations.
For digital technology to create significant improvement in business outcomes, businesses need to: Reinvent their supply chain strategy. Employ comprehensive solutions that support the entire source-to-settle process and create value for all parties involved in it. 2016 Supply Chain Trends: The First 7 of 12.
Most people in my division work in capability development or centers of excellence designed to help operations centers improve their performance in logistics, customer service or production. It was taxing to report above the country level with this tool. This drove us to adopt a better strategic decision-support tool.
At Cerasis, a core value of ours is continuous improvement for not only our company, our clients, and employees, but through our blog and content to those who are related to what we do (transportation management) in the fields of manufacturing, supply chain, logistics, distribution, and transportation. These are all aspects of Industry 4.0.”
If human maintenance crews are called, the IoT can provide specifications for what parts need to be replaced, the tools necessary for making the repair, and instructions if the maintenance workers have not had to previously replace this part. The IoT Supply Chain with Robotics & Other Industries.
It also reduces your resources and improves processes. Managers can control the operation efficiently as the relevant information comes from different sources, timely and all the members have access to its current updates. Continuous Improvement. Every business tends to enhance its market positions and to improve its processes.
Moreover, Supplier Development promotes ongoing improvements that are intended to benefit both your company and supplier(s).It It is important to note that the above focus does not take into account short-term efforts to improve cost, quality or delivery issues with supplier(s) to meet companies’ expectations. 50% improvement) min.
At Cerasis, our backbone is business process improvement through technology. Customers are bewilderingly diverse, play a variety of roles in their lives, and rapidly adopt new behaviors and tools. It’s up to IT to solve the problem and move companies forward. Go All-in for Online Technologies. Embrace Digital Disruption.
However, while technology evolves to allow better tracking of carbon footprint, there’s a potential to substantially improve overall with sustainable logistics by addressing a less often discussed but insidious problem. Those steps will improve the quality and create the awareness and data necessary to improve continuously.
However, technology can be used to turn what seemed as losses into standby sources of revenue. Such tools, like the Cerasis Reverse Logistics product , which is newly released, allow an employee to procure and dispose of surplus product from more than one location. Improved transparency of the status of the returned item.
Everything from sourcing raw materials, manufacturing, to the sales channels which feed supply for a finished product are essential factors. This requires a new broad look at the business of transportation supply chain, including supply chain management, logistics, & procurement.
That’s why we’re pleased to announce an upcoming webinar that will explore how shippers gain actionable insights from freight analytics. SCORE is not just another tool–it’s a community-driven platform that will enable shippers to benchmark their entire supply chain network using robust data backed by a team of market experts.
The past year was filled with disruption, but the lessons learned throughout 2020 will continue to drive supply chain optimization and investments as companies work to mitigate risk and avoid delays. 27 Council of Supply Chain Management Professionals (CSCMP) webinar looking at the year ahead. I see a lot of opportunities there.".
The blog reports on recent changes to policies, best practices in supply chain management, whitepapers detailing procurement through reverse logistics and much more. Supply Chain Digest is a weekly, online newsletter that includes webinars, live broadcasts and blog posts. Supply Chain Digest. Supply Chain Brain. Inbound Logistics.
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