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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. Traditional procurement, with its long-term contracts and rigid supplier ties, just isnt cutting it anymore.
In this webinar, procurement technology experts from Spend Matters and the SAP Ariba team share how advancements in AI are being used right now and attendees will walk away with a summary of real-life source-to-pay use cases that are or can be enhanced by AI.
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?
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.
Procurement and supply chain leaders are presented with their fair share of challenges, with a host of tools and strategies to resolve them. That said, what’s the best path forward to leverage this year’s trends?
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.
The webinar will highlight key trends such as the agentic AI, the importance of data quality, integrating data and analytics into decision making and the implications on talent.
Join our webinar, “Logistics RFP,” where industry experts will guide you through mastering the logistics software selection and procurement process. Whether you’re in logistics management, IT , or procurement, this webinar will equip you with the strategies to make informed decisions.
, 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.
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. Register now for this exclusive webinar! How to enhance your ability to relate to diverse employees, customers, and communities.
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?
These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Conducting annual procurement exercises.
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?
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. How to Begin Your Terms.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurementstrategy by streamlining bid processes and more!
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.
The biggest implication of this new imposition on procurement process is that now procurement managers have to deliver suppliers that are cost conscious and timely in their operations but at the same time can adapt to the changing demands of end customers. All of these aspects impact procurement processes. 3) Risk Management.
What strategies can businesses employ to optimize these costs, enabling them to streamline operations and enhance efficiency? Furthermore, by using advanced analytics tools, companies can employ predictive modeling, enabling them to anticipate demand fluctuations and proactively adjust their strategies. Read The Logistics Blog®
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?
Speaker: Kelly Barner - Co-Founder & Managing Director of Buyers Meeting Point, LLC
Since 2020, procurement and supply chain professionals have faced an unprecedented set of challenges. The pandemic was just the start. Time will tell, but it is unlikely to be a return to the pre-pandemic normal.
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.
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!
Configure to Order: This strategy involves customizing standard products based on customer specifications. PO Collaboration involves close coordination with suppliers to procure materials based on order specifications, tracking delivery timelines, and aligning production schedules to meet customer delivery expectations.
However, a third-party logistics provider (3PL) can help shippers persevere through the tough times with these capacity crunch strategies. . As explained by Edward Hildebrandt via Talking Logistics With Adrian Gonzalez , a strong carrier network is the cornerstone of shipping capacity crunch strategies.
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.
Let’s take another look at how procurement, computing power, industry 4.0, cyber security, advanced robotics and automation became top priorities for research, development, and implementation throughout the past year’s operations in the manufacturing industry. . Procurement Operations Became Decentralized and Adaptable.
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?
The most common complaint of newer companies using big data analytics capabilities tends to revolve around traditional questions of business strategy. Consider the following elements explains John Richardson of Inbound Logistics, that impact business strategy. Transportation modes used in procurement and shipping.
In total Cerasis, a transportation management solutions company, will release 4 industry trends white papers focusing on Manufacturing, Supply Chain, Logistics, Transportation Management, Freight, and Procurement. . Fill out the Form Below to Get a Free Copy of the White Paper to Your Inbox!
Speaker: Olivia Montgomery, Associate Principal Supply Chain Analyst
In this webinar, you’ll gain actionable insights from Olivia Montgomery as she walks us through Capterra’s extensive research on how businesses - notably SMBs - are addressing supply chain challenges in 2023. Procurementstrategies in response to network delays and bottlenecks. Forecasting techniques to manage inventory.
Technology’s Role in Procurement. Author information Adam Robinson Adam Robinson oversees the overall marketing strategy for Cerasis including website development, social media and content marketing, trade show marketing, email campaigns, and webinar marketing. Logistics & Supply Chain Impacts of Technology.
With new technology in place, such as a transportation management system integrated into a warehouse management system, management of the procurement, storage, packing and delivery process is a collaborative effort between all parties integrated into the system. Communication Across All Aspects of Transportation is the Key to Success.
As reshoring continues, more supplies will be needed, which has major implications for procurement professionals, as well as increased demand for new talent and more truck drivers. Manufacturing Strategy Will Reduce the Burden of Costs of Transformation. Manufacturers are also ready to reinvent operational strategies.
Build Touch-Plan Strategies For Different Order Types. These facts imply a touch-point strategy should be in place for different types of orders placed, including e-commerce orders. All existing warehouse, procurement and logistics systems should operate within the same omniscient system.
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.
The expanded role oversees BlueGrace’s carrier relations and procurement efforts. As part of the senior leadership team, Bly will oversee our Carrier Relations and Procurement efforts, working closely with departments like Sales, Implementation, Audit, and Operations.
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.
Data can indicate issues with procurement , product quality, and delivery. They are leaning towards a multi-dimensional approach and more consideration is being shown towards the causal relationship of procurement on operations. Companies that can collect, analyze and respond quickly to issues are one step ahead of their competition.
How is technology enabling strategic conversations at the order level to happen faster and for the freight department to work seamlessly with procurement on the inbound side and sales on the outbound side to optimize freight shipping ? How do we digitize all the players in the supply chain network?
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.
Technology Will Reshape Procurement Practices. Better procurement practices translate into better overall sales, but the role of procurement in driving sales’ statistics will change throughout 2017. For example, Johnson & Johnson procurement professionals actively review market trends before making purchases.
The Ultimate Guide for Effective LTL Freight Management : we put on a 60 minute webinar entitled, “Best Practices for Effective LTL Freight Management and Shipping.” We had a great turnout with over 250 logistics managers, supply chain officers, and those in the transportation world registering and attending the webinar.
If you’re currently in the procurement process and finding it difficult to decide, you might want to review the advantages of plastic pallets as well as these handy buying tips ! One of the great things about plastic pallets is that they’re incredibly easy to clean and maintain and typically last much longer than their wooden cousins.
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. Gaining "Shipper of Choice" Status.
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