FreightWaves SONAR

FEBRUARY 11, 2021

However, enterprise shippers can make a comeback by implementing smart truckload shipping strategies by retooling and putting freight forecasting power to work. And these additional five shipping strategies can help enterprise shippers maximize recovery and boost profits. And it has opened new channels for capacity procurement.

Sourcing Strategies 98

Sourcing Strategies Cost Reduction Supply Chain Planning Software Optimization Software 98

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. Procurement Event Strategies. Not every platform offers expert-enhanced procurement event strategies on top of a digital platform!

Material Savings 40

Material Savings Sourcing Strategies Cost Reduction Inventory Reduction 40

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. harder to procure capacity at the benchmark rate per mile ) in both the outbound and inbound directions.

Optimal Sourcing 98

Optimal Sourcing Procurement Analytics Procurement Solutions Procurement 98

The Logistics of Logistics

AUGUST 28, 2023

Her supply chain and traditional G&A consulting background bring a unique perspective to clients who must work across their organizations to drive supply chain initiatives with Procurement, IT, Operations, and the C-suite. At DAT, she has been instrumental in growing the shipper practice.

Supply Chain Planning Software 360

Supply Chain Planning Software Logistics Network Optimization Software Optimization Software Optimal Sourcing 360

EazyStock

FEBRUARY 17, 2021

Inventory Replenishment Strategies to Boost Profitability. To overcome all these inventory management risks, you need a toolbox of effective inventory replenishment strategies. 5 Inventory Replenishment Strategies to Increase Profits. Any business that carries inventory needs to avoid stockouts and back orders.

Inventory Reduction 75

Inventory Reduction Material Savings Price Reduction Cost Reduction 75

GlobalTranz

OCTOBER 16, 2015

, 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.

Negotiating Skills 90

Negotiating Skills Price Reduction Optimal Sourcing Cost Reduction 90

Transporeon

JUNE 7, 2017

For additional tips, please click the “Transportation procurement tips” tag in the right sidebar. That also means that your procurement and distribution processes must be analyzed and adapted more frequently. By applying such a framework, you may be able consider potential alternatives and propose changes going forward.

Optimal Sourcing 48

Optimal Sourcing Procurement Tips Networks 48

Conger

APRIL 1, 2024

Continue reading to learn more about this essential strategy to ensure your equipment performs optimally at all times. Introduction to Maintenance Strategies In industries such as Manufacturing, Distribution, Food Processing/Storage, Paper, Packaging, and Lumber, equipment efficiency is not just an operational goal but a necessity.

Material Savings 82

Material Savings Expense Reduction Resource Reduction Cost Reduction 82

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. I saw how their platform unified finance and procurement activities, but not supply chain. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 121

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 121

FreightWaves SONAR

APRIL 5, 2021

Among enterprise companies, one critical aspect of successful negotiation and capacity procurement is a better predictive outlook of both spot and contract truckload rates. Tracking market trends within truckload rates relies heavily on data and analysis. The key to avoiding this kind of situation is predictive planning and analysis.

Negotiating Skills 94

Negotiating Skills Data Sourcing Strategies Optimal Sourcing 94

Ship Monk

APRIL 5, 2024

The fact is, most business owners think of procurement as nothing more than a transactional relationship. Of course, it wouldn’t be a business strategy if there weren’t a couple more acronyms to learn. SRM is more than a one-and-done analysis. Establish KPIs that hold both your suppliers and your procurement team accountable.

Negotiate Pricing 85

Negotiate Pricing Negotiating Skills eCommerce Purchasing Skills 85

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. How to Begin Your Terms.

Procurement Analytics 84

Procurement Analytics Manufacturing Procurement Procurement Document 84

GlobalTranz

NOVEMBER 16, 2016

Yet the majority of companies have not defined a big data strategy, and others are barely starting to notice. . �. As a result, the simplest way of defining a big data strategy must begin with understanding how it will evolve and affect the company. . How to Get Started with Your Big Data Strategy. .

Resource Reduction 91

Resource Reduction Cost Reduction Supply Chain Planning Software Supply Chain Software 91

CH Robinson Logistics

JUNE 13, 2022

Our research with Iowa State University and MIT’s Center for Transportation and Logistics have identified the impact of the last 4-days of a quarter to route guide performance, paving the way for applying strategies to mitigate the risk of cost over runs. What is your strategy for quarter end? Consider lane volume predictability.

Transportation 95

Transportation Cost Reduction Price Reduction Freight 95

247 Customs Broker

JULY 15, 2020

Can supply… The post Logistics Manager Analysis: Are fashion supply chains unravelling? With stores closed and consumers in lockdown, e-commerce alone has not been able to relieve the pressure on the high-turnover world of fashion. appeared first on 24/7 Customs Broker News.

Analysis 36

Analysis Supply Chains Logistics Sourcing Strategies 36

Logistics Viewpoints

NOVEMBER 6, 2023

Analysis of what is reported may suggest that a supplier has not been totally forthcoming in what they have reported on the platform. Schneider Electric and EcoVadis Christophe Quiquempoix, VP of Sustainable Procurement at Schneider Electric shared his insights during a panel discussion at EcoVadis Sustain Conference 2023.

Supply Chain Planning Software 133

Supply Chain Planning Software Resource Reduction Material Savings Procurement Analytics 133

247 Customs Broker

JULY 15, 2020

Can supply… The post Logistics Manager Analysis: Are fashion supply chains unravelling? With stores closed and consumers in lockdown, e-commerce alone has not been able to relieve the pressure on the high-turnover world of fashion. – Logistics Manager Magazine appeared first on 24/7 Customs Broker News.

Analysis 36

Analysis Supply Chains Magazine Logistics 36

247 Customs Broker

MAY 18, 2020

Consumer behaviour has… The post Logistics Manager Analysis: Planning and forecasting…sense and sensitivity? Volatile markets are a challenge to forecast but new developments in demand sensing are enabling a more nuanced approach. Johanna Parsons investigates. appeared first on 24/7 Customs Broker News.

Analysis 36

Analysis Supply Chain Planning Software Scenario Planning Logistics Network Optimization Software 36

Freightos

NOVEMBER 15, 2023

Judah Levine November 15, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 6% to $1,711/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $2,421/FEU.

Price Reduction 105

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 105

FreightWaves SONAR

JULY 24, 2023

This sector covers important activities relating to procurement, transport, and storage of goods. Knowing freight costs in advance is essential to keep total landed costs in check Understanding transportation freight costs and current freight rates for lanes must be the primary goals of cost analysis.

Cost Reduction 106

Cost Reduction Tips Expense Reduction Supply Chain Planning Software 106

247 Customs Broker

MAY 18, 2020

Consumer behaviour has… The post Logistics Manager Analysis: Planning and forecasting…sense and sensitivity? Volatile markets are a challenge to forecast but new developments in demand sensing are enabling a more nuanced approach. Johanna Parsons investigates.

Analysis 36

Analysis Supply Chain Planning Software Magazine Scenario Planning 36

Trinity Logistics

JULY 6, 2021

The bottom line is this is a reactive strategy focused on individuals’ tasks. Are your current strategies effective? You’ll usually find some of your distribution centers are better at procuring freight than others. While a siloed strategy may have made sense for you at one point, companies grow and change.

Optimization Software 71

Optimization Software Optimal Sourcing Sourcing Strategies Price Reduction 71

GlobalTranz

AUGUST 18, 2021

That includes analysis of current operations, costs by mode, performance and benchmarking of existing partnerships. Focus on Carrier Procurement and Management. That includes helping shippers manage the final mile procurement process and even offering in-house services that are available within the 3PL.

Logistics Network Optimization Software 123

Logistics Network Optimization Software Optimal Sourcing Optimization Software Modeling Software 123

Logistics Viewpoints

MARCH 8, 2021

Mr. Frasquet is the executive director of corporate procurement, although his responsibilities include a much broader set of supply chain responsibilities than just sourcing. What will the total costs be associated with different green strategies? From a process perspective, an analysis is not enough.

Supply Chain Design Software 153

Supply Chain Design Software Supply Chain Planning Software Supply Chain Transformation Supply Chain Software 153

Freightos

FEBRUARY 22, 2024

Judah Levine February 22, 2024 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) increased 1% to $4,889/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 3% to $6,764/FEU.

Price Reduction 71

Price Reduction Negotiating Skills Vendor Strategies Resource Reduction 71

CLX Logistics

FEBRUARY 22, 2024

Procurement management stands at the crossroads of technological innovation and strategic decision-making. As organizations strive to enhance operational efficiency, mitigate risks, and capitalize on emerging opportunities, the role of Artificial Intelligence (AI) and Machine Learning (ML) in procurement has become increasingly prominent.

Optimal Sourcing 52

Optimal Sourcing Procurement Negotiating Skills Supply Chain Software 52

Logistics Bureau

APRIL 3, 2023

Access to Economies of Scale By outsourcing manufacturing, logistics, or other supply chain support activities such as procurement , your company may access the economies of scale enjoyed and passed on by specialist service providers. Your organisation may be one of many that a contract partner serves.

Outsourcing 87

Outsourcing Optimal Sourcing Supply Chain Software Cost Reduction 87

GlobalTranz

APRIL 6, 2015

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.

Optimal Sourcing 118

Optimal Sourcing Supply Chain Planning Software Supply Chain Software Manufacturing Procurement 118

Parade

MARCH 18, 2019

Brokerages must think of an alternative data source outside of tribal knowledge to procure high quality and profitable carrier capacity. However, to find carriers that are the best margin, lowest risk, and most likely to accept your freight, requires analysis across multiple data sets and systems.

Optimal Sourcing 84

Optimal Sourcing Data Capacity Price Reduction 84

Logistics Business Magazine

MARCH 14, 2022

The sustainability assessment body recognised Toyota Material Handling Europe’s exceptional performance and transparency across four key appraisal areas, including labour and human rights, environment, ethics, and sustainable procurement.

Material Savings 59

Material Savings Materials Handling Supply Chain Software Optimal Sourcing 59

Logistics Bureau

JANUARY 7, 2020

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 122

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 122

Freightos

APRIL 27, 2023

Legibility, followed by analysis and the ability to take action can literally change industries. I’ve heard anecdotes from the past two years of SVPs at multinational companies needing to sign off on spot procurement but the degree of interest executives are now showing is impressive. But even since July 2020, much has changed.

Data 62

Data Freight Optimal Sourcing Supply Chain Software 62

Logistics Bureau

JANUARY 9, 2019

Supply chain strategy is critical to business success, but companies often underestimate its importance and hence pay it less leadership attention than other areas of operation. Supply Chain Strategy. In other words, the majority did not recognise the need for close alignment between supply chain and general business strategies.

Supply Chain Design Software 118

Supply Chain Design Software Supply Chain Design Inventory Reduction Cost Reduction 118

Talking Logistics

MAY 14, 2019

Commercialization strategies evolve, supply chains expand, and production rates accelerate. Finished products have high ratios (average 50%) of sourced or procured product content. The only way to take control of your future is to double down on quality. Product quality directly impacts the profitability of a company.

Supply Chain Planning Software 97

Supply Chain Planning Software Supply Chain Software Supply Chains Digital 97

Logistics Bureau

APRIL 4, 2022

At Logistics Bureau, we want to help you with that, so we’re publishing this brief guide to help you if you haven’t already included freight benchmarking in your management strategies or want to benchmark more effectively than you are now. Alternatively, you can procure access to a digital freight benchmarking platform.

Negotiating Skills 82

Negotiating Skills Purchasing Skills Logistics Network Optimization Software Supply Chain Planning Software 82

GlobalTranz

OCTOBER 6, 2021

Access to to real-time data and the ability to perform real-time analysis enables businesses to make data-driven decisions to drive efficiency into the supply chain. All three of these analytical types are critical to supply chain strategy, but many businesses lack the resources and tools to use effectively.

Optimal Sourcing 86

Optimal Sourcing Optimization Software Modeling Software Supply Chain Software 86

EazyStock

NOVEMBER 19, 2020

But when looking at the bigger picture the ‘best-price’ is not always the most cost-effective way to procure a product. With supply chain procurement increasingly scrutinized by management teams, any stock replenishment savings (that don’t impact service levels) will be seen as extremely favorable. optimizing inventory levels.

Replenishment 98

Replenishment Optimal Sourcing Inventory Reduction Supply Chain Planning Software 98