The Logistics & Supply Chain Management Society

MARCH 14, 2023

Logistics Procurement – Performance Management by LSCMS Shippers’ Council Shortly after the outset of COVID, in early 2020, supply chains have been disrupted across the globe. Freight procurement is the mainstay of any supply chain professional but price is not the be-all and end-all.

Optimal Sourcing 130

Optimal Sourcing Logistics Network Optimization Software Procurement Logistics 130

The Logistics & Supply Chain Management Society

OCTOBER 15, 2023

The Approach to Effective Freight Procurement by LSCMS Shippers’ Council Container shipping procurement faces a multitude of challenges shaped by global events, industry shifts, environmental mandates, and technological advancements. At the heart of it all, an effective procurement strategy remains paramount.

Optimal Sourcing 130

Optimal Sourcing Procurement Sourcing Strategies Freight 130

ivalua

FEBRUARY 10, 2023

Understanding how inflation impacts procurement and then taking action to mitigate its effects is essential for any business looking to stay ahead of the game. How Inflation Impacts Procurement Inflation affects a number of aspects of a business, including its ability to compete in the market, financial performance, and overall strategy.

Sourcing Strategies 264

Sourcing Strategies Price Reduction Purchasing Skills Manufacturing Procurement 264

Talking Logistics

SEPTEMBER 29, 2016

In today’s highly competitive marketplace, understanding how your company’s procurement strategy and results compare with industry peers is critical. Consider how these issues will impact your carrier rates and learn why now is the ideal time to benchmark and bid your rates with the help of a third-party logistics (3PL) provider.

Benchmarking 100

Benchmarking Negotiating Skills Price Reduction Cost Reduction Strategies 100

Logistics Bureau

MARCH 15, 2022

Supply Chain Benchmarking is one of the best ways to identify cost and service improvement opportunities in your Supply Chain. Related articles on this topic have appeared throughout our website, check them out: How to Select the Right KPIs for Supply Chain Benchmarking. Know Your Supply Chain KPIs – Procurement.

Benchmarking 85

Benchmarking KPI Supply Chain Supply Chain Performance 85

The Logistics of Logistics

DECEMBER 5, 2022

Brad serves as the Senior Director of Customer Strategy at Emerge , the leading freight procurement platform. Transforming the $800 billion freight industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. Brad Wheeler and Joe Lynch discuss the freight-tech dilemma.

Supply Chain Network Software 212

Supply Chain Network Software Logistics Network Optimization Software Modeling Software Sourcing Strategies 212

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 309

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Optimization Software 309

GlobalTranz

SEPTEMBER 14, 2016

However, following these 10 practices can help you learn how to reduce spend in the procurement supply chain. Use External Benchmarking Tools. Many suppliers and manufacturers may have existing, internal analytics tools, but using these tools for benchmarking processes may be ill-fated.

Material Savings 120

Material Savings Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software 120

The Logistics of Logistics

AUGUST 28, 2023

She brings almost 20 years of supply chain and benchmarking experience to DAT, where she is focused on providing actionable insights to shippers through DAT’s Benchmark Analytics and Rateview benchmarking tools. About Sarah Bertram Sarah Bertram is a Shipper Sales Manager at DAT.

Logistics Network Optimization Software 242

Logistics Network Optimization Software Analytics Software Supply Chain Planning Software Supply Chain Network Software 242

Logistics Bureau

APRIL 4, 2022

The answer is to benchmark your freight, of course. 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. What is Freight Benchmarking?

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

Logistics Viewpoints

MARCH 4, 2021

Digital commerce efficiently requires the digitalization of many customer-facing operations and sourcing and procurement. Fourth Step: Benchmark KPIs to understand limitations and discover opportunities. For businesses of all sizes, the digital transformation of supply chain planning became the most important initiative. .

Supply Chain Planning Software 278

Supply Chain Planning Software Supply Chain Planning Scenario Planning Modeling 278

ivalua

FEBRUARY 27, 2023

Ivalua Spend Management Insights [ivory-search] Procurement Rising: The Silent Inflation Tax on Manufacturers February 27, 2023 | | Manufacturing by Doug Keeley Last year, the Consumer Price Index was the highest it has been in four decades, making inflation one of the most concerning macroeconomic factors facing the business world today.

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Solutions Purchasing Skills 130

Supply Chain Shaman

NOVEMBER 9, 2014

When we started benchmarking companies, Deborah and I had a friendly wager. Deborah and I benchmarked 97 supply chains; and, we found the inverse to be true. Demand Supply Chain Insights benchmarking functional silos misnomer one team supply chain supply chain organizations' I was proud of my record, and shared it with Deborah.

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Supply Chain Shaman

APRIL 27, 2022

While the company’s investments in manufacturing scheduling and demand sensing improved outcomes, the organization under-invested indirect procurement and network design. To calculate the benefits of the potential value of implementing a planning system, I benchmarked companies to their respective peer groups.

Procurement Analytics 339

Procurement Analytics Manufacturing Procurement Supply Chain Planning Software Supply Chain Design Software 339

Logistics Viewpoints

FEBRUARY 14, 2024

Sourcing and procurement comes in close second at 88 percent, followed by innovation at 87 percent. Sourcing and Procurement In sourcing and procurement, the top focus area for 2024 continues to be supplier/vendor relationship management (SRM). With the continued challenges facing supply chains, that is no surprise.

Supply Chain Planning Software 285

Supply Chain Planning Software Supply Chain Planning Optimal Sourcing Scenario Planning 285

The Logistics of Logistics

JULY 27, 2022

Mark McEntire is the Senior Vice President of Operations at Emerge , a freight technology firm that is reinventing freight procurement. Transforming the $800 billion trucking industry, Emerge empowers meaningful logistics relationships through its award-winning Freight Procurement Platform. Key Takeaways: The Secret Sauce.

Logistics Network Optimization Software 187

Logistics Network Optimization Software Supply Chain Network Software Analytics Software Modeling Software 187

Logistics Bureau

AUGUST 2, 2021

Whether you’re planning to benchmark your supply chain or simply trying to improve how you measure its performance, it makes sense to know a little about the most commonly used KPIs for each supply chain component. 7 Procurement KPIs You Should be Using. Supplier Lead Time. Cost per Purchase Order and Cost per Invoice.

Procurement Analytics 98

Procurement Analytics Procurement Solutions Optimal Sourcing Procurement 98

ivalua

JANUARY 22, 2019

For Procurement leaders in particular there couldn’t be a better time to do so. A recent study by the Hackett Group found that only 63% of Procurement organizations have even developed a plan for digital transformation. One that will empower your talent to truly make Procurement strategic and realize your true potential.

Optimal Sourcing 113

Optimal Sourcing Procurement Supply Chain Planning Software Supply Chain Software 113

GlobalTranz

JULY 28, 2021

For instance, managed transportation includes value-added logistics capabilities, including: Logistics consulting and analysis to understand current needs, costs, savings opportunities by mode, benchmarking and implementation or training of new systems.

Optimal Sourcing 317

Optimal Sourcing Optimization Software Network Optimization Supply Chain Optimization 317

Material Handling & Logistics

OCTOBER 30, 2018

With the digitization of the source-to-pay process being a key initiative for many chief procurement officers, to the inherent automation which promises to accelerate innovations such as artificial intelligence (AI), digitization is growing. However, it is fundamental to empowering procurement success in the modern age.

Optimal Sourcing 110

Optimal Sourcing Procurement Solutions Procurement Analytics Procurement 110

Logistics Bureau

OCTOBER 11, 2024

Procurement has never played such an important role in the increasingly globalised economy. Has procurement fundamentally changed itself in the past 10 years? Strategic Procurement can mean totally different things in different industries and sectors. The time when Procurement was almost a synonym to Purchasing has long gone.

Manufacturing Procurement 97

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 97

Supply Chain Game Changer

APRIL 15, 2020

Digital Procurement article, and permission to publish here, provided by Sam Jenks at kodiakrating.com. Navigating the complexity of the global supply chain as a procurement professional can sometimes feel like taking a walk through the Amazon without a compass, or entering into outer space without an oxygen tank. Benchmarking.

Procurement Solutions 90

Procurement Solutions Procurement Analytics Procurement Eliminating Excel in Purchasing 90

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 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

Logistics Viewpoints

AUGUST 13, 2024

A scenario where procurement and consumers directly order a product from the network becomes feasible in this configuration. Valentijn is the focal point for ARC’s Benchmarking Consortium in Europe. The post Industrie 4.0 Breakthrough: Networks of Flexible Plants appeared first on Logistics Viewpoints.

Supply Chain Network Software 263

Supply Chain Network Software Industrial Industry Manufacturing Procurement 263

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. Gathering this information via new systems also enables quality benchmarking across the supply chain. Unfortunately, there continue to be major costs associated with procurement.

Agile and Lean Supply Chain 120

Agile and Lean Supply Chain Manufacturing Procurement Optimal Sourcing Procurement Analytics 120

Supply Chain Shaman

JUNE 3, 2013

In the height of the e-commerce craze, the marketplace offerings started with a focus on e-procurement. The widely-held view was that the e-procurement market would fuel the next generation of marketplace applications. The rebirth of marketplace offerings is not on the back of e-procurement or ERP. The debates were heated.

Supply Chain Design Software 259

Supply Chain Design Software Supply Chain Planning Software Procurement Analytics Manufacturing Procurement 259

SCMDOJO

DECEMBER 11, 2023

In the realm of efficient procurement management, understanding the various types of procurement reports becomes paramount. These reports serve as navigational tools, offering insights into different facets of the procurement process.

Procurement Analytics 19

Procurement Analytics Optimal Sourcing Procurement Solutions Material Savings 19

Unleashed

MARCH 9, 2021

What is procurement? In simple terms business procurement is the process of locating and acquiring goods and services from external sources for the business to use. Procurement activities include planning, sourcing, and negotiation, along with risk management, legal and value analysis. Procurement in 2021 and beyond.

Procurement Analytics 104

Procurement Analytics Procurement Solutions Optimal Sourcing Material Savings 104

Supply Chain Shaman

SEPTEMBER 3, 2015

This morning, unexpectedly, I found myself in the middle of a debate between my two panelists on the Planning Benchmarking Panel for the Summit. Recently through my analysis of the planning benchmarking work, I have become fascinated on the role of inventory in the market-driven value network. This is a series of preparation calls.

Waste Reduction 150

Waste Reduction Inventory Reduction Inventory Optimal Sourcing 150

Supply Chain Shaman

DECEMBER 12, 2024

For example, I recently interviewed someone in procurement who is working on SCOPE 3 emissions and tariff readiness. Procurement was operating in isolation from supply chain. She advocated investment in a risk management solution for mapping, supplier surveys, and an extensive use of the DUNNS numbers.

Supply Chain Design Software 195

Supply Chain Design Software Supply Chain Planning Software Manufacturing Procurement Supply Chain Design 195

Logistics Viewpoints

AUGUST 25, 2021

And finally, have strong consultative capabilities in terms of network design, strategic procurement, and transportation rate benchmarking. Second is to hire, train, and retain the best available talent. Address Outsourcing Risks Head On. There are two main risks that need to be addressed. First are technology risks.

Price Reduction 300

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 300

Talking Logistics

JULY 27, 2022

At a recent industry conference, a shipper asked me many questions about transportation procurement, such as, “How do you best determine how long and how often to have transportation sourcing events?” Read more Why Benchmarking is the First Step to a Successful Freight Procurement Event. The good news.

Benchmarking 246

Benchmarking Procurement Freight Conference 246

Logistics Viewpoints

OCTOBER 2, 2023

This allows the company to do some interesting benchmarking. Customers of these solutions also mention improved improved agility, improved transportation procurement , better warehouse and yard operations, better store operations for retailers, and other benefits as well. What accounts for FourKites Growth?

Real-time Visibility 256

Real-time Visibility Supply Chain Visibility Inventory Reduction Agile and Lean Supply Chain 256

Demand Solutions

MARCH 27, 2020

But what if I told you that establishing supply chain planning and procurement processes also helps your company's culture, would you believe me? Tim was recognized for his exceptional leadership of the supply chain planning and procurement processes teams.

Atlanta 173

Atlanta Supply Chain Planning Supply Chain Software Supply Chain Strategy 173

Talking Logistics

MAY 9, 2019

Decentralized procurement of various logistics services limit leverage opportunity, cost reduction and efficiency enrichments. By implementing a proper logistics efficiency management program, logistics costs can drop to between 4% and 7% depending on the industry — and that’s a lot of cash.

Optimal Sourcing 157

Optimal Sourcing Supply Chain Software Supply Chain Optimization Logistics Network Optimization Software 157

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 visibility to spend allows them to provide excellent benchmarking in several areas. I saw this claim as being more a statement of intention than of fact.

Supply Chain Design Software 232

Supply Chain Design Software Supply Chain Planning Software Optimal Sourcing Optimization Software 232

Logistics Viewpoints

AUGUST 9, 2022

Inbound/procurement teams could view SKUs at facilities with low days of supply, and drill into orders in the yard with low SKUs. More supply chain companies sharing more real-time data creates richer opportunities for benchmarking, analysis, insights and collaboration to drive business benefits for all parties. All aboard.

Inventory Management Software 246

Inventory Management Software Inventory Management Inventory Reduction Supply Chain Planning Software 246