Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that.

Supply Chain Design Software 150

Supply Chain Design Software Sourcing Strategies Supply Chain Design Inventory Reduction 150

SIPMM Professional Publications

OCTOBER 15, 2018

Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing is often designed to deliver products or services using global efficiencies. Global sourcing is […].

Sourcing Strategies 112

Sourcing Strategies Material Savings Cost Reduction Sourcing 112

Supply Chain Brain

AUGUST 17, 2020

When it comes to global manufacturing and sourcing strategies, the coronavirus pandemic has amplified and accelerated a number of trends that were already well underway before it began.

Sourcing Strategies 96

Sourcing Strategies Manufacturing Procurement Sourcing Strategy 96

Logistics Viewpoints

NOVEMBER 8, 2022

The key to this lies with sourcing. Before diving further, let us define what sourcing is. Sourcing is the practice of finding and selecting suppliers for a range of services (e.g., Traditional sourcing practices tend to be highly manual and are fraught with latencies and inefficiencies. Digitalizing sourcing (i.e.,

Optimal Sourcing 134

Optimal Sourcing Sourcing Strategies Material Savings Supply Chain Software 134

Supply Chain Brain

OCTOBER 27, 2021

Vipul Kumar, senior manager of procurement with Aranca, discusses how companies are seeking to supplement manufacturing in China with sourcing in alternative locations, to mitigate risk and control costs.

Sourcing Strategies 98

Sourcing Strategies Manufacturing Procurement Cost Reduction Sourcing 98

Logistics Viewpoints

NOVEMBER 26, 2024

Companies must harness a wide variety of data structures and formats, spanning internal and external sources. Alex Pradhan is the Global Product Strategy Leader and Member of the Executive Leadership team at John Galt Solutions. The Key to Unlocking the Power of Your Supply Chain Data Strategy appeared first on Logistics Viewpoints.

Resource Reduction 135

Resource Reduction Supply Chain Planning Software Inventory Reduction Sourcing Strategies 135

Logistics Viewpoints

MAY 8, 2024

In March 2024, the Joint Office of Energy and Transportation released the National Zero-Emission Freight Corridor Strategy , which aims to decarbonize and advance zero-emission freight along the United States main shipping corridors.

Cost Reduction 152

Cost Reduction Resource Reduction Sourcing Strategies Strategy 152

Supply Chain Brain

OCTOBER 9, 2022

The luster of China as a source of low-cost production has been progressively fading, and the push for more responsible supply chains extends well beyond measuring carbon emissions.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Sourcing Supply Chains 98

WorkWave

DECEMBER 2, 2024

To address these issues, companies are adopting innovative strategies, including dynamic route optimization, real-time tracking, and even leveraging emerging technologies like drones and blockchain. By harnessing data from various sources, businesses can gain insights into customer preferences, peak delivery times, and route efficiency.

Optimal Sourcing 52

Optimal Sourcing Cost Reduction Resource Reduction Waste Reduction 52

Ship Monk

APRIL 23, 2024

Image Source: EcoMatcher How to Calculate Your Carbon Footprint If you’re serious about sustainability, you should start by calculating your carbon footprint. Measuring your output will enable you to develop strategies toward reducing your output, and show your customers the progress you’re making.

Waste Reduction 103

Waste Reduction Inventory Reduction Resource Reduction Cost Reduction 103

Supply Chain Brain

APRIL 15, 2021

Kevin Keegan, principal with PwC Strategy Consulting, explains the concept and rationale behind the use of dual sourcing of manufactured goods to reduce supply-chain risk.

Sourcing Strategies 62

Sourcing Strategies Manufacturing Procurement Sourcing Supply Chains 62

Overdrive Online

FEBRUARY 8, 2023

Need a DEF quality sensor and you can't find it? How's a DEF tank somebody decided to "delete" sound for a quick and inexpensive solution? In Part 2 of this parts-purchase series, find more unique approaches as owners have adapted to new realities.

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Strategy 105

Logistics Viewpoints

AUGUST 24, 2022

I was also able to interview Brent after his session to get a little more insight on how Qualcomm dealt with the Covid-19 pandemic, what it means for the semiconductor chip shortage, and where the company is going with its digital transformation strategy. Qualcomm also faced a raw material shortage.

Sourcing Strategies 134

Sourcing Strategies Material Savings Resource Reduction Manufacturing Procurement 134

Shipsta

JUNE 7, 2022

It’s recognized by experts as the key to implementing an agile strategy that can react quickly to market disruptions. The term ‘visibility’ is thrown around a lot in logistics – and for good reason.

Sourcing Strategies 130

Sourcing Strategies Sourcing Supply Chains Freight 130

Supply Chain Brain

AUGUST 20, 2023

The latest skirmish in the trade war between the U.S. and China provides yet another reminder of why American high-tech manufacturers need to diversify their supply of critical raw materials.

Sourcing Strategies 98

Sourcing Strategies Material Savings Manufacturing Procurement Sourcing 98

Carter Logistics

JANUARY 28, 2019

4 Benefits of Near-Sourcing. Near-sourcing – a business moving its operations closer to where its end products are sold – is a growing trend as well as a strategy in the supply chain industry today. We can credit several factors for the increasing popularity of near-sourcing.

Sourcing Strategies 101

Sourcing Strategies Manufacturing Procurement Sourcing Resource Reduction 101

NGT News

SEPTEMBER 13, 2022

Participation in Ford’s F550 Fuel Cell Prototype Work Truck, a DOE SuperTruck 3 Initiative, complements Ferguson’s overall sustainability strategy to reduce a sizable proportion of Scope […]. The post Ferguson Takes Part in Ford Alternative Fuel Source Pilot Program for Commercial Fleets appeared first on NGT News.

Sourcing Strategies 98

Sourcing Strategies Sourcing Collaboration Trucking 98

CLX Logistics

MAY 3, 2024

A resilient and agile supply chain strategy is not just a prudent choice—it’s a necessity, especially within the context of chemical supply chains. Challenges in Supply Chain Strategy Planning Designing a resilient and agile supply chain organization is not without its challenges.

Material Savings 76

Material Savings Resource Reduction Cost Reduction Sourcing Strategies 76

Ship Monk

JULY 25, 2024

As in—to ensure your brand grows you need revenue streams from multiple sources. Target’s Motivation So why would a large enterprise like Target make such a pivotal pivot in its selling strategy? There are two motivators here: recovering revenue and building brand strength.

Vendor Strategies 110

Vendor Strategies Inventory Reduction Sourcing Strategies Resource Reduction 110

Supply Chain Brain

JUNE 30, 2024

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.

Sourcing Strategies 109

Sourcing Strategies Procurement SAP Strategy 109

Fleet Owner

JULY 28, 2022

Service operations must adjust strategies and remain flexible to lessen downtime and repair costs. About 20% of truck parts are uncommon enough that service providers must spend an inordinate amount of time searching for them.

Sourcing Strategies 91

Sourcing Strategies Cost Reduction Sourcing Strategy 91

Logistics Bureau

JULY 18, 2022

As you’ll know, if you follow our blog regularly, Logistics Bureau does a great deal of work related to supply chain strategy development and alignment. As a result, and as we’ve mentioned in several previously published articles, we’ve discovered that many companies lack a defined and documented supply chain strategy.

Inventory Reduction 116

Inventory Reduction Resource Reduction Vendor Strategies Cost Reduction 116

Supply Chain Brain

FEBRUARY 9, 2023

For global high-tech manufacturers, is the pendulum swinging from outsourcing back to insourcing?

Sourcing Strategies 105

Sourcing Strategies Manufacturing Procurement Sourcing Strategy 105

3PL Links

MAY 3, 2023

Improving Supply Chain Visibility: The Impact of Data Strategy | Image source: Pixabay A business-contextualized data approach is crucial for boosting supply chain visibility, especially during downturns. This requires knowing precisely what details should be collected and trusting the sources of this data.

Sourcing Strategies 62

Sourcing Strategies Inventory Reduction Material Savings Cost Reduction 62

FreightWaves SONAR

DECEMBER 9, 2020

Most freight brokers have to source their own freight broker leads. Here are six tips for sourcing freight broker leads that will minimize the time and resources required to source and research shipper leads. . 6 Tips to source freight broker leads. #1: One challenge comes from the term “shippers.” 3: Conference agendas.

Sourcing Strategies 105

Sourcing Strategies Purchasing Skills Sourcing Tips 105

Supply Chain Brain

OCTOBER 7, 2020

As organizations retool their supply chains for 2021, they have an opportunity to revisit their sourcing strategies, too.

Sourcing Strategies 105

Sourcing Strategies Sourcing Security Supply Chains 105

The Logistics of Logistics

JANUARY 10, 2024

His proven ability to distill complexity into easy-to-understand execution is at the heart of an innovative approach to talent development and team-building strategies. Highway provides brokers with comprehensive data on carrier equipment to supercharge their capacity sourcing and vetting efforts.

Sourcing Strategies 343

Sourcing Strategies Freight Logistics Network Optimization Software Optimal Sourcing 343

Logistics Bureau

OCTOBER 11, 2024

The Changing Role of Procurement Highly successful organisations often see their Chief Procurement Officers (CPOs) proactively driving global procurement strategy, sharing responsibilities with COOs and CFOs on value creation initiatives, and deploying global resources to achieve the ultimate supply chain targets.

Manufacturing Procurement 103

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 103

Supply Chain Brain

OCTOBER 30, 2024

Two analysts from KPMG discuss the findings of the firm’s new survey of changing sourcing strategies by U.S. supply chain executives.

Sourcing Strategies 124

Sourcing Strategies Supply Chains Survey Sourcing 124

Cyzerg

OCTOBER 3, 2023

From supply chain disruptions to inaccurate demand forecasting, we will delve into the root causes of inventory shortages and provide actionable strategies for prevention. Read on to discover the tools and strategies you need to prevent and manage inventory shortages effectively. Don't let stockouts derail your success.

Inventory Reduction 195

Inventory Reduction Inventory Optimal Sourcing Sourcing Strategies 195

3PL Links

MARCH 11, 2024

Top 6 Most Important Inventory Optimization Strategies | Image source: Shipdepot Decreased output, unanticipated expenses, and delivery delays are just a few of the issues that can occur from a lack of inventory management. Discover six strategies for inventory optimization if your firm has been dealing with similar issues.

Inventory Reduction 48

Inventory Reduction Optimal Sourcing Expense Reduction Cost Reduction 48

Supply Chain Brain

SEPTEMBER 25, 2024

Traditional supply chain risk-management strategies are based on limited and static sources of insight, and often fail to support cross-functional collaboration

Sourcing Strategies 115

Sourcing Strategies Supply Chains Collaboration Sourcing 115

Logistics Viewpoints

APRIL 6, 2023

This myopic lack of focus on supply risks and product risks for purchasing results in significant process in-efficiencies in the way sourcing, contracting, purchasing, invoicing and payments are done for each of the four categories of the products above since they are handled by different departments or processes.

Optimal Sourcing 127

Optimal Sourcing Manufacturing Procurement Sourcing Strategies Procurement Analytics 127

Supply Chain Brain

JANUARY 14, 2021

COVID-19 has disrupted supply chains all over the world, and that of communications giant AT&T was no exception.

Sourcing Strategies 109

Sourcing Strategies Sourcing Strategy Supply Chains 109

3PL Links

OCTOBER 17, 2023

7 Efficient Strategies to Mitigate Risks in the Supply Chain | Image source: Pexels Issues with suppliers, calamities that occur naturally, data breaches, health issues, or security issues. Create a risk management strategy When it comes to lowering risks, planning for the worst is not being pessimistic; it is being prepared.

Sourcing Strategies 48

Sourcing Strategies Resource Reduction Cost Reduction Supply Chains 48