FreightWaves SONAR

MARCH 15, 2021

Supply chain professionals responsible for transportation procurement at Fortune 500 companies focus on three things – budget forecast accuracy, service scores and primary tender acceptance. Advancements in tender data science and paid market data now power SONAR SCI (Supply Chain Intelligence) Lane Acuity Plus.

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Logistics Viewpoints

AUGUST 15, 2022

GEP and the North Carolina State University (NCSU) Supply Chain Resource Cooperative surveyed supply chain, procurement and IT professionals across a range of industries to gain insight into their priorities and strategies regarding supply chain resilience and optimization. Alex Zhong, Director Product Marketing at GEP.

Manufacturing Procurement 131

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GlobalTranz

SEPTEMBER 22, 2016

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?

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GlobalTranz

NOVEMBER 16, 2016

The amount of information and improvement possible through big data can be overwhelming. Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. How to Get Started with Your Big Data Strategy. . This is where the explanation of big data begins. .

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Freightos

APRIL 27, 2023

In this article, Eytan Buchman, Freightos’ CMO, discusses the importance of data and context in global freight and logistics. The future of global freight data lies in real-time information, contextual insights, and aggregated data that can help companies make better decisions and adapt to a rapidly changing industry.

Data 62

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CLX Logistics

JULY 26, 2021

Let’s look at the facts – the percentage of supply chain managers using new analytics tools and services to develop better bidding strategies has increased from 17% in 2017 to more than 30% in 2020. Soon, it’ll almost be a guarantee that if you’re not leveraging modern data analytics properly, you’re losing money or leaving it on the table.

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

FreightWaves SONAR

MAY 14, 2024

Aggressive pricing/cost savings strategies have contributed significantly to creating a sustained volatility in the domestic transportation market. From a shipper’s perspective, transportation is a cost center, and the exercise of sourcing trucking capacity is not much different than that of procuring raw materials for production.

Price Reduction 52

Price Reduction Material Savings Cost Reduction Sourcing Strategies 52

Logistics Viewpoints

JUNE 3, 2024

Scott Fenwick, Senior Director Product Strategy for Supply Chain Planning at Manhattan Associates. For example, a supply planning solution may create a model that says a plant can produce 20,000 units of a product in a week. Creating a bottom-up plan requires that data be transformed intelligently.

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Logistics Viewpoints

MARCH 24, 2022

It allows them to identify the right carrier service and optimal point of origin for every parcel delivery, seize the best opportunities to cut costs and scale shipping strategies, offset carrier capacity constraints and capacity-based surcharges, reduce costs with bulk shipping, improve returns processes, and more.

Supply Chain Planning Software 132

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GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. For example, transportation management often focuses on the journey of products after manufacturing. The Definition of Procurement Logistics.

Manufacturing Procurement 101

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FreightWaves SONAR

MARCH 22, 2021

Big data and predictive freight rates in the digital supply chain are nothing new. Nearly all shippers, brokers and carriers collect and use data to derive insights, including predictive rates. Unfortunately, the most robust applications of that data will quickly diminish in value as data ages.

Data 98

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Logistics Business Magazine

NOVEMBER 30, 2023

Efficio, a global procurement and supply chain consultancy, is working with business leaders to do just that – turning attention to the supply chain to make the biggest impact on ESG. Data needed to quantify carbon emissions within the supply chain can span multiple systems and suppliers.

Supply Chain Software 51

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Logistics Viewpoints

AUGUST 22, 2023

And in the intervening years — as we’ve leveraged real-time data, ML and AI to help countless companies answer the “where’s my truck” question — I’ve continued to underscore that visibility is a foundational technology. Moving data between systems was complex and laborious. In other words, visibility is an enabler. Lesson learned.

Supply Chain Planning Software 111

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Logistics Viewpoints

OCTOBER 3, 2022

In warehouses, for example, one solution is labor management. For example, the auto industry embraced risk management after the nuclear disaster at Fukushima. For example, the auto industry, which lost billions because of the semiconductor chip shortage, had suppliers that could not get the chips they needed for their products.

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Logistics Viewpoints

OCTOBER 10, 2022

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. Implementing the solution involved cleaning up master data and mapping their complete global supply chain.

Supply Chain Planning Software 134

Supply Chain Planning Software Supply Chain Software Supply Chains Optimal Sourcing 134

FreightWaves SONAR

APRIL 4, 2024

Recognizing the collective significance of market conditions across KMAs at any given time, logistics professionals can devise strategies that accommodate the diverse nature of these areas, ensuring efficient and effective freight procurement and management. Curious about how KMA trends can inform an effective supply chain strategy?

Supply Chains 52

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SYSPRO Smarter ERP

APRIL 18, 2022

Longstanding weaknesses in the supply chain like port infrastructure, outdated supply chain strategies and impacts of natural disaster and wars have all further affected global supply chains. With reliable data from ERP manufacturers and distributors can use data analytics to respond to challenges.

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Logistics Viewpoints

SEPTEMBER 7, 2022

Kevin Nelson, a chief procurement officer and senior vice president at BD, agreed to be interviewed on this topic. In a conversation with Everstream’s chief data officer, the executive told this writer that the company was using artificial intelligence (AI) and Big Data to solve this n-tier problem. We can’t get the data.

Supply Chain Software 124

Supply Chain Software Supply Chains Optimal Sourcing Procurement Solutions 124

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. The process involves collecting quantitative and qualitative data concerning vendor-provided goods and services, and analyzing this data for opportunities to improve (or reasons to end) the relationship. If so, good on you!

Negotiate Pricing 82

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 82

Talking Logistics

APRIL 17, 2018

Again and again, digitization and data were at the heart of panel and networking conversations. Even headline speakers were professing “data got sexy” and data is now a core strategy for companies looking to succeed. Supply chain leaders are wanting their organizations to be data-driven.

Supply Chain Design Software 68

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GlobalTranz

AUGUST 18, 2021

The right partner will also work with your team to implement changes based on data-driven recommendations and identify opportunities for continuous improvement. . Focus on Carrier Procurement and Management. Always Turn to the Data to See Expectations for ROI and Value.

Logistics Network Optimization Software 123

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GlobalTranz

JANUARY 10, 2017

From artificial intelligence to refocusing on procurement, the state of supply chain continued to explode throughout 2016, and you need to understand why. The move to agile supply chain management inherently required more data sources than traditional supply chains, reports GT Nexus. The State of Supply Chain 2016 Trends.

Manufacturing Procurement 65

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 65

Freightos

JANUARY 15, 2024

For example, the Freightos Baltic Index indicates a 69% increase to North America’s East Coast and a staggering 226% to Northern Europe since the crisis began. Navigating the Storm: Strategies for SMB Importers in 2024 There is no golden ticket for solving these challenges. and bakes really good cookies.

Negotiating Skills 114

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Logistics Business Magazine

AUGUST 31, 2023

Freight procurement processes have always been noted for their high levels of complexity which increases exponentially during peak shipping season. However, constantly changing freight market rates can make it difficult for procurement teams to secure the best deals and maintain predictable costs.

Optimal Sourcing 55

Optimal Sourcing Negotiating Skills Sourcing Strategies How To 55

GlobalTranz

NOVEMBER 29, 2016

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.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

CLX Logistics

APRIL 26, 2019

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 good news is, shippers have more access to data than ever before, which brings us to trend number two. Hiring Data Scientists or Third-Parties to Analyze Data.

Optimal Sourcing 45

Optimal Sourcing Negotiating Skills Procurement Cost Reduction 45

SYSPRO Smarter ERP

NOVEMBER 28, 2022

The ERP system provides the data through an integrated approach to measure how the TOC strategy works. For example, for a manufacturer, the Drum could be the master production schedule, Buffers could be inventory or other processes (e.g.,

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FreightWaves SONAR

JULY 24, 2023

For example, according to Global Trade Magazine , “One critical factor that executives should monitor closely is logistics management. This sector covers important activities relating to procurement, transport, and storage of goods. Measuring performance with transportation KPIs and freight data is getting easier.

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Logistics Viewpoints

DECEMBER 5, 2022

But Molex, a global electronics and connectivity solutions company, has been investing in their intelligent digital supply chain strategy to improve their supply chain agility and customer experience. Those industries include data communications, medical, industrial, automotive and consumer electronics. Keys to Success.

Supply Chain Planning Software 118

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Logistics Business Magazine

NOVEMBER 24, 2023

His statements are based not only on discussions with experts from the industry and research, but also on data from Setlog customers who use the SCM tool OSCA. To ensure that more truck drivers are back home in the evening, for example, the forwarding association Elvis wants to set up a meeting network for full truck loads.

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FreightWaves SONAR

MARCH 2, 2021

Companies are rapidly adopting and using real-time data to clearly understand challenges to better mitigate unexpected problems when they arise. This helps to realize fewer tender rejections, increases an understanding for requests for proposal (RFPs) bringing optimal deals, and improves lead time planning to secure capacity procurement.

Supply Chain Planning Software 52

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Conger

APRIL 1, 2024

Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Examples include cleaning and lubricating the moving parts or replacing parts before they wear out. The secret to achieving efficiency lies in adopting robust maintenance strategies. Let’s dive in!

Material Savings 81

Material Savings Expense Reduction Resource Reduction Cost Reduction 81

Freightos

MARCH 17, 2019

The annual fixed-price contract is the current go-to for ocean freight procurement. Just like streaming replaced that iPod as a better way of listening to music, ocean freight procurement now has a better way. But Does Fixed Ocean Price Procurement Need Fixing? We never looked back. Source: SGX, Freightos Baltic Index.

Optimal Sourcing 48

Optimal Sourcing Procurement Price Reduction Freight 48

Logistics Bureau

DECEMBER 4, 2023

Inventory management is a crucial aspect of supply chain management, and effective strategies can help businesses reduce costs, improve customer service, and increase profits. But what does a great inventory management strategy look like? As you can deduce from Amazon’s example, there is no standard for an optimal warehouse layout.

Inventory Reduction 88

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Logistics Business Magazine

DECEMBER 8, 2022

His statements are based not only on numerous conversations with economic experts and scientists, but also on data from Setlog customers who use the SCM tool OSCA. In the fashion and fast-moving consumer goods sectors alone, these are more than 100 brands, including, for example, Marc O’Polo, Jack Wolfskin, KiK and Wenko.

Supply Chain Planning Software 67

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Logistics Viewpoints

APRIL 24, 2023

This technology allows businesses to unify their procurement, expense management, invoicing, payments, contract management, and spend analysis processes and reporting. The cloud also allows access to Big Data, which greatly improves the platform’s ability to do machine learning.

Supply Chain Design Software 121

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SYSPRO Smarter ERP

MARCH 29, 2022

Leadership with a purposeful digital strategy is the key to transformation. An ERP system also helps executives ensure that data becomes the heart of business culture and key to decision-making. It gives everyone in the company access to the same meaningful data, helping them make better decisions. Start small.

Manufacturing Procurement 116

Manufacturing Procurement ERP Digital Modeling Software 116