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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. This enables 3PLs to optimize inventory levels, reducing the risk of overstocking or understocking, even in uncertain economic times.
OneRail helps global enterprises across retail, CPG, distribution, construction and healthcare optimize their last mile delivery operations, while maintaining their customer brand promise. The post Supply Chain Brain Webinar appeared first on The Logistics of Logistics. 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. Optimized Transportation Management Needs Vary by Company.
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.
How are companies leveraging scenario modeling for network design and optimization ? The good news is many of the survey’s respondents recognize the potential of more advanced optimization solutions. Another use case we see for scenario modeling in the current context is evaluating new sourcing locations. Stay tuned!
Source: Oliver Wight. Optimization is a form of advanced analytics that helps you solve complex decision problems that involve conflicting objectives and constraints, enabling you to make the best use of your business’ limited resources. You can do all of this and more with an optimization technology.
Our first webinar with Oliver Wight discussed common people, process and technology pitfalls that hinder IBP initiatives. Our second webinar delved deeper into the technology aspect, focusing on analytical capabilities and scenario modeling. Specifically, we looked at three use cases for scenario modeling using our cloud-based IBP app.
Source: Oliver Wight. Optimization is a form of advanced analytics that helps you solve complex decision problems, enabling you to make the best use of your business’ limited resources.* You can do all of this and more with an optimization technology. JBS: A case for integrating optimization in S&OP and IBP.
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 procurement strategies.
A major general merchandise retailer we work with has delayed all non-perishable inbound freight into Tampa for a week,” Byrne told Sourcing Journal. You have a hurricane in Florida, and freight rates in Seattle are affected three or four days later,” Williford told Sourcing Journal. It stayed, and it’s helping.
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.
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: Adam Robinson, Director of Marketing, Cerasis
We’ll address how automation in the supply chain will provide employees with the following: More Strategic Procurement. Improved Supplier/Vendor Management (Automated buying on an e-commerce website for repeat orders, automated freight pickups for inbound delivery, automated tracking alerts). February 6, 2019 11.00 AM PST, 2.00
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. By identifying these gaps, you can create sourcing events to close them.
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.
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.
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?
Speaker: Ketan Jahagirdar - Sopheon’s Director of Product Management
Learn how you can quickly improve that success rate. To be successful, digital transformation involves the strategic application of digitalization to improve a business’ entire system of production, procurement, sales, operations, human resources, and financial management. 70% of most digital transformation projects fail.
, 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.
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. .
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?
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. Register now for this exclusive webinar!
It is crucial for organizations to understand the importance of Purchase Order collaboration to effectively manage their direct spend, optimize operations, and mitigate risks. However, recent disruptions have highlighted the vulnerabilities of these complex networks, resulting in significant financial losses for companies.
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.
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.
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. The main reason was that we were trying to manage our investments as optimally as possible. I understand your team took ownership of this model.
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
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.
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.
A lack of easily accessible info on process improvement initiatives because following up to make sure quality control problems have been remedied involves wading through various file cabinets and spreadsheets. As a result, you can quickly pinpoint the source of problems and template targeted solutions. Immediate improvement.
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.
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?
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.
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.
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,
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.
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.
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!
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?
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