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Freight Procurement is a Different Game

Logistics Viewpoints

There are different tools, goals, and market dynamics. It can move quickly from a situation where there is too much capacity in the market and buyers having the whip hand, to a situation where shippers are begging carriers to take their loads at almost any price. Procurement ran a request for proposal event.

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Amway cuts costs with transportation procurement tool

Transporeon

The challenge For many years, Amway had used a generic sourcing tool that only facilitated communications with the company’s carriers rather than providing access to a supplier database and a collaborative environment to conduct sourcing events. It is a good feeling to know that you have control over the negotiation process.”

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How Disruptions like Coronavirus Test The Resilience Of Supply Chain Planning

AIMMS

While this creates tremendous value , it also br ings the inevitable risk that certain event s can have far-reaching consequences that influence supply chain s more than ever before. Most often , these events force demand and resource usage to fluctuate. This leads to insightful and resilient thinking.

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The Advantage of Speed: The Cooper Health Supply Chain Relies Upon Real-time Risk Alerts

Logistics Viewpoints

Buying organizations use this technology to monitor and analyze supplier risk events in real-time. These are big data platforms that monitor news sources and assorted databases from governments, financial institutions, ESG NGOs, and other sources to detect when a negative event has occurred or may be about to occur.

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5 Tips for Surviving (and Possibly Thriving in) a Capacity Shortage

Talking Logistics

For those who keep a close eye on freight market trends and have lived through past capacity shortages, the signals arrived early this year that the freight market would quickly tighten, and that rates would soon spike. Devastating hurricanes in Houston and Florida, and the ongoing recovery efforts that will tie up capacity.

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What is Supply Chain Resiliency?

Logistics Viewpoints

Your organization’s ability to anticipate disruption, adapt to events, and build resiliency is rooted in how you maintain operational continuity. A wide range of events could prevent your supply chain from operating normally, but not all events have an equal impact. Capacity constraints and transportation delays.

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Everything You Need to Know About Smart Warehousing

3PL Links

It makes it possible to optimize storage capacity, making better use of the available physical resources. Decision-making that is more aggressive and agile is made possible by real-time data collection and analysis, which enables prompt adjustments in response to market needs.