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

Supply Chain Network

AUGUST 6, 2012

According to the latest American Shipper benchmark survey, transportation spending increased in 2012 – according to 75 percent of respondents – remaining unscathed by budget cuts. Shockingly, though, companies are failing to invest in the necessary procurement tools to manage spend and optimize their transportation networks.

Optimal Sourcing 92

Optimal Sourcing Procurement Solutions Supply Chain Planning Software Procurement Analytics 92

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

The Logistics of Logistics

JULY 27, 2022

and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Mark McEntire is the Senior Vice President of Operations at Emerge , a freight technology firm that is reinventing freight procurement. Hunt Transport, Inc. About Mark McEntire . and Penske Logistics.

Logistics Network Optimization Software 187

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

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

Logistics Viewpoints

OCTOBER 2, 2023

FourKites CEO, Matt Elenjickal One of the two leaders in the real-time transportation visibility market is FourKites. This allows the company to do some interesting benchmarking. Calling the FourKites platform a real-time transportation visibility solution is a misnomer; This is a real-time supply chain visibility solution.

Real-time Visibility 256

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

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

Supply Chain Shaman

NOVEMBER 9, 2014

When we started benchmarking companies, Deborah and I had a friendly wager. I believed that we would find a company with the lowest distribution costs (warehousing and transportation), and the lowest manufacturing costs, and this would result in the best overall cost structure. She asked me, ‘What was the impact on total costs?’

Manufacturing Procurement 286

Manufacturing Procurement Optimal Sourcing Benchmarking Supply Chain Design Software 286

Logistics Bureau

APRIL 4, 2022

Whether your company is a big or small player in terms of shipping volumes, and regardless of your chosen transportation modes (road, rail, ocean, air), the health of your bottom line depends in no small part on the competitiveness of your freight prices. The answer is to benchmark your freight, of course. What is Freight Benchmarking?

Benchmarking 78

Benchmarking Negotiating Skills Logistics Network Optimization Software Purchasing Skills 78

GlobalTranz

OCTOBER 16, 2015

As a third-party logistics company focused on over the road transportation management, and having an LTL rating engine and web-based TMS for nearly 20 years (web-based even before Google!), at Cerasis, we know a thing or two about the nuances of LTL procurement. LTL procurement is something we do very well.

Negotiating Skills 120

Negotiating Skills Price Reduction Cost Reduction Strategies Optimal Sourcing 120

Talking Logistics

MARCH 24, 2015

This time of year, many shippers are reviewing and updating their transportation plan for the back half of the year and many will be considering issuing RFPs for new or changed capacity needs. So, first and foremost, communicate the potential impact of changing transportation plans to your leadership team.

Expense Reduction 100

Expense Reduction Price Reduction Transportation Cost Reduction Strategies 100

Logistics Viewpoints

AUGUST 9, 2022

How do we create systems that allow everyone in the ecosystem, from suppliers to transportation partners to retailers, to be not only more agile and responsive in the face of rapidly changing market conditions, but to be able to predict issues in advance and prevent them? So, what is it going to take to enable better inventory management?

Inventory Management Software 246

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

Talking Logistics

OCTOBER 28, 2014

One challenge to this approach, however, is that many shippers focus exclusively on price when making their transportation decisions. Customers with a strict ‘procurement mindset’ overlook important factors like consistency, overall experience or past performance. We don’t shop rates. We look for value and long-term partnerships.

Expense Reduction 250

Expense Reduction Cost Reduction Strategies Price Reduction Capacity 250

Talking Logistics

MAY 7, 2015

You’ve developed a well thought out transportation plan that supports your supply chain. You’ve conducted a transportation procurement event and have agreements in place with carrier partners to provide the type of capacity you need, where and when you need it. Need a pit crew for your transportation management race?

Supply Chain Network Software 100

Supply Chain Network Software Transportation Supply Chain Planning Software Cost Reduction Strategies 100

Talking Logistics

SEPTEMBER 6, 2016

Managed transportation service providers work to deliver transportation solutions to maximize service at the lowest cost through people, process, and technology. The process involves investigating the current transportation activities and engaging in new opportunities for cost-savings while optimizing service levels. Mode Shift.

Optimal Sourcing 100

Optimal Sourcing Logistics Network Optimization Software Transportation Cost Reduction Strategies 100

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

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

Logistics Viewpoints

OCTOBER 4, 2024

This assessment goes beyond typical industry analyses by examining transportation technology applications and partnerships, as well as benchmarking existing 3PL performance. It provides tailored insights on procurement, transportation, global trade, and warehousing, offering solutions that integrate data, analytics, and automation.

South Carolina 243

South Carolina Logistics Network Optimization Software Supply Chain Planning Software Logistics 243

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

CHAINalytics

APRIL 29, 2016

By Linsa Godwin Sathiamoses | Consultant, Transportation, Chainalytics | Procuring transportation services is an important activity on the supply chain calendar. It is also one area where every procurement manager thinks he or she is doing a good job, until proven otherwise.

India 60

India Procurement Transportation Europe 60

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

Global supply chains are built on three assumptions: rational government policy, availability of transportation resources, and low variability. 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.

Supply Chain Design Software 195

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

Talking Logistics

APRIL 27, 2015

In the first episode of this educational series focused on the link between transportation management and supply chain excellence, Chris Timmer of LeanLogistics (a Talking Logistics sponsor) outlined the attributes of a strong transportation management foundation and how to build it. What’s the first step in that process?

Cost Reduction Strategies 100

Cost Reduction Strategies Inventory Reduction Supply Chain Strategy Strategy 100

Talking Logistics

MAY 9, 2019

Depending on your industry sector, transportation and logistics costs (as a percentage of sales) may range up to 14% or even higher for companies with an inefficient or outdated logistics set-up. Decentralized procurement of various logistics services limit leverage opportunity, cost reduction and efficiency enrichments.

Optimal Sourcing 157

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

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

Shipchain

NOVEMBER 15, 2018

Determining the total cost of transportation is essential to understanding your company’s profitability. Understanding the total cost of transportation means understanding the costs and factors affecting spend in each leg of the supply chain. When it comes down to it, accounting for the total cost of transportation is pretty complex.

Cost Reduction Strategies 90

Cost Reduction Strategies Expense Reduction Purchasing Skills Transportation 90

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

The Logistics of Logistics

NOVEMBER 17, 2021

that is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. George Abernathy and Joe Lynch discuss the state of the industry. About George Abernathy.

Logistics Network Optimization Software 130

Logistics Network Optimization Software Modeling Software Demand Planning Software Supply Chain Network Software 130

Supply Chain Shaman

JUNE 16, 2014

In a similar vein, a major 3PL that I spoke to last week at Eye for Transport is considering discontinuing the traditional storage of spare parts and initiating a new service to do 3D printing of parts on demand. It is clear to them that Amazon is going to be anything that they want to be, and that they need to defend their turf.

Supply Chain Design Software 287

Supply Chain Design Software Network Design Software Supply Chain Planning Software Supply Chain Network Software 287

Talking Logistics

APRIL 8, 2020

When you think about the overall transportation management lifecycle, procurement is one of the most critical components because it plays a role in planning, execution, benchmarking, carrier relationship management, and so much more. If you don’t get procurement right, the rest of the process suffers.

Procurement 246

Procurement Transportation Benchmarking Transportation Management 246

Logistics Viewpoints

DECEMBER 2, 2024

We have all our factories, both in-house and outsourced, all of our distribution centers, and our transportation network on the Blue Yonder foundational system. We can run a plan simulation to maximize revenue, maximize shipments, maximize the customer experience, or minimize transportation costs.

Supply Chain Planning Software 217

Supply Chain Planning Software Supply Chain Planning Supply Chain Software Supply Chain Network Software 217

Logistics Bureau

OCTOBER 19, 2020

Well, I asked Steven Thacker, one of our benchmarking management experts, exactly that question! What is Benchmarking? Benchmarking is essentially comparing; comparing one against another. Those levels are “benchmarks”. Of course, benchmarks and benchmarking can cover all kinds of different things, at work or elsewhere.

Benchmarking 52

Benchmarking Agile and Lean Supply Chain Supply Chain Planning Supply Chain Strategy 52

MIT Supply Chain

JUNE 13, 2013

A new tool enables procurers to negotiate product prices without bargaining away supplier goodwill. When bargaining with suppliers over a product price, how can procurement professionals secure the best deal without damaging a valued relationship by being overly aggressive? Fair deal. Identify the sub-parts. Allocate NAICS Codes.

Negotiate Pricing 78

Negotiate Pricing Negotiating Skills Purchasing Skills Manufacturing Procurement 78

Talking Logistics

APRIL 24, 2017

One of the easiest ways to get started is by investing in a Transportation Management System (TMS). With control tower visibility across all business units, divisions and geographies, you can build enterprise plans across your transportation network to ensure that all shipments move using the most efficient route possible.

Optimal Sourcing 152

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Optimization Software 152

Logistics Viewpoints

FEBRUARY 28, 2022

As an E2open forecasting benchmarking report pointed out, “for companies trying to predict demand in March of 2020 as the world was descending into lockdown and everything was being turned upside down, what happened in March of 2019 had little to no relevance.”. During the pandemic, forecasting accuracy was terrible.

Optimal Sourcing 304

Optimal Sourcing Supply Chain Planning Software Supply Chain Design Software Supply Chain Planning 304

GlobalTranz

JUNE 13, 2018

The Freight & Transportation Management Trends to Know in 2018. Essentially, frequent putting is indicative of shippers constantly shopping around for the lowest cost deal, and since the carrier is less likely to secure the actual transaction and transport such items, carriers will charge more. Download White Paper.

Cost Reduction Strategies 161

Cost Reduction Strategies Expense Reduction Resource Reduction Price Reduction 161

ivalua

JULY 13, 2022

Procurement Leaders Webinar. With mounting pressure for organizations to make tangible contributions to Environmental, Social, and Governance (ESG) initiatives, the procurement function must strategize to implement and report their collective efforts. Speakers: Arnaud Malardé, Ivalua | Hélène Vermont, Michelin Group.

Procurement Solutions 130

Procurement Solutions Supply Chain Planning Software Optimization Software Optimal Sourcing 130