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In a survey we conducted in October 2020, 91% of our Indago supplychain research community members, who are all supplychain executives from manufacturing, retail, and distribution companies, either Agreed or Strongly Agreed that the time had come to transform the traditional transportation procurement process.
Procuring transportation for freight is much different than any other procurement category. There are different tools, goals, and market dynamics. Transportation procurement needs to support both customer service and a company’s internal supplychain goals. The freight market is mercurial.
The global supplychain is built on three assumptions: rational government policy, availability of reasonably priced logistics, and low variability. In March 2023, the Global SupplyChain Pressure Index fell to the lowest level since November 2008. The ride is uphill, but the visibility is low. What is normalcy?
Technology can have a significant impact on supplychains, but supplychain digitization still lags behind digitization of other areas of business across many industries. Still, there are several technologies that are transforming supplychains for the organizations that adopt them.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuringfreight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. Save your seat today! 📆 November 20th, 2024 at 9:30 AM PST, 12:30 PM EST, 5:30 PM GMT
More Resources Home Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI Like all innovations, however, developing technology as complex as the human brain requires time and significant investment.Here, too, the journey of AI began as far back as 1956 at a workshop on Dartmouth College’s campus in the U.S
Most supplychain suppliers have solutions that are very similar to each other. Emerge has an interesting new platform to deal with the problems shippers are having procuring truck capacity. Carriers move shippers’ freight. The Emerge solution has attributes of different supplychainsoftware solutions.
Jack Fiedler, the vice president for digital transformation of the global supplychain at Lenovo Lenovo is ranked tenth by one leading analyst firm among a list of global companies with exceptional supplychains. Jack Fiedler : We’re unique in the technology industry. That has worked out well for us.
While demand is high, ongoing product shortages continue to cause supplychain disruptions, create unpredictable shopping behaviors and drive rapid delivery expectations. If there’s a bright spot anywhere it’s the fact that, as logistics challenges have grown, so has the availability of advanced technologies to manage these challenges.
Speaker: Adam Robinson, Director of Marketing, Cerasis
We’ll address how automation in the supplychain will provide employees with the following: More Strategic Procurement. Improved Supplier/Vendor Management (Automated buying on an e-commerce website for repeat orders, automatedfreight pickups for inbound delivery, automated tracking alerts).
A digital workforce weaves together disconnected automationtools – Robotic Process Automation (RPA), AI, and machine learning – to think, act and analyse the way a human worker would, and work alongside humans. RPA as it is also referred to, has the capability to transform supplychain management. Procurement.
My last post on the SupplyChain Shaman blog was forty-five days ago. Then it was the redefinition of the supplychain for the global shutdowns Sick with the virus; I spent my energies writing and moderating podcasts. As we moved into our new roles, for all supplychains, demand shifted. Time to Know.
In fact, IDC predicts that manufacturers across Asia who digitally transform and accelerate sustainable innovation to improve supplychain operations, will increase their revenue by 20 percent in 2025. For reasons of climate change and profitability rewards, maintaining a more sustainable approach to the supplychain is obvious.
The Freight Market Place with Dave Maddox. Dave Maddox and Joe Lynch discuss the freight market place. and is transforming the $800 billion transportation and logistics industry with its digital freight marketplace platform. Other past employers that Maddox has worked for are nVision Global, Transplace, National Freight, Inc.,
Andy Tomka and Joe Lynch discuss freight-tech for SMB brokers. Andy is the Vice President of Product at MVMNT , a Chicago based TMS firm that is developing technology to meet the needs of smaller brokerages, giving them access to features typically only available to large enterprises.
Mike Wolf and Joe Lynch discuss why freight tech fails. Mike is a Client Engagement Director at JBF Consulting , a supplychain execution strategy and systems integrator for logistics-intensive companies of every size and any industry. Key Takeaways: Why Freight Tech Fails. About Mike Wolf. About JBF Consulting.
A TMS helps companies move freight from origin to destination efficiently, reliably, and cost-effectively. Planning and execution is focused on freight moves involving a carrier. Fleet Management involves freight moves with transportation assets owned by the company. The primary reason companies buy a TMS is for freight savings.
The Covid-19 pandemic tested the global supplychain. Like riding a bumpy road, the supplychain leader is riding the ups and downs of changing market conditions facing greater variability day-to-day. Here, based on interviews with supplychain leaders, I share lessons learned. It will not be over soon.
Shipping freight across the world is a complex matter. But what is even more complicated is freight billing and handling freight payments: what a cargo owner is initially quoted is often different from what he later is asked to pay. A 2021 Cargo Owners and freight forwarders survey, confirms this. Lack of trust.
Mary O’Connell and Joe Lynch discuss the Bloomberg of Freight. Mary is a podcast host and writer for FreightWaves , the leader in global supplychain market intelligence. Mary O’Connell is a former pricing analyst, supplychain planner, and broker/dispatcher turned creator of the newsletter and podcast Check Call.
A TMS makes up only a fraction of the full truckload technology available to shippers. In full truckload freight management, technology will make or break plans for keeping freight spend in check. However, technology can change the narrative. This is why technology is the solution. Download Here. New Series.
For a few years now, supplychain professionals and pundits have been speculating on what the so-called “new normal” will look like. Closer to home for supplychain professionals, driver shortages continue to plague the industry.
“Managing supplychain and logistics has never been more significant and challenging since the outbreak of COVID-19 that created a new norm with high uncertainty and enforced an inevitable shift”. Logistics and supplychain management is a rapidly evolving field.
OTR freight represents a long-standing aspect of supplychain operations and transportation management. M odern transportation networks and supplychains continuously adapt to market volatility and transitions. Carrier Vetting for OTR Freight . Remote Tendering and Shipment Execution .
Retail is continuously looking for a bigger, better way to move freight, please more customers, avoid losses, and reduce the risk of disruption. Automation in the retail supplychain unlocks this capability, but it comes with a catch.
These are some examples of large players making bold moves, often involving low-carbon fuels and related engine technology. Also in road freight vehicles, battery-electric or hydrogen-powered drivetrains are close to market launch. It comes from the annual customer survey conducted by logistics software company Transporeon.
Ivalua Blog [ivory-search] Weathering Future Disruptions: 8 Steps to Building SupplyChain Resilience February 8, 2023 | | Manufacturing by Doug Keeley In the face of an unprecedented global crisis, Procurement stepped up to become a crucial driving force for business continuity. Work to achieve 100% supplychain visibility.
Supplychain disruptions are continuing to occur for a variety of reasons. One issue that does not get talked about as much, however, is supplychain fraud. One issue that does not get talked about as much, however, is supplychain fraud. What exactly do I mean by supplychain fraud?
Tis the season to be jolly – unless you are overwhelmed with the many tasks traditionally associated with the annual freight Request for Proposal ( RFP ) season. However, the reality is that contracted freight is actually a promise – not a binding agreement. Flexibility to schedule rate bid events based on business needs.
Bill is the President and CRO of Transflo, the trusted industry leader in mobile, telematics, and business process automation solutions to the transportation industry. Bill has experience working on the carrier, shipper, and broker side, as well as in 3PL and freightsoftware, giving him 360-degrees of visibility of the marketplace.
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 freighttechnology firm that is reinventing freightprocurement. About Mark McEntire . Mark joined Emerge in January 2022.
ARC has done research and writing on supplychain collaboration networks. A supplychain collaboration network (SCCN) is a key technology for improved collaboration across an extended supplychain. SCCN solutions provide supplychain visibility and analytics across an extended supplychain.
Supplychains have experienced significant disruptions in the first half of 2022, from a global pandemic to wars, rising fuel costs, and a potential recession. Shippers, despite all obstacles, are expected to reduce freight spending, drive efficiency, and improve customer service every year with incremental improvements year-over-year.
Kelly is the VP, Product Management of Trimble Transportation , a technology company that offers a suite of transportation technology solutions, including fleet management, route optimization, and freight visibility tools, to improve efficiency and safety.
Driving Sustainable Growth Through SupplyChain Resilience. Every industry sector and every business across the board, in APAC and around the globe have been impacted by the Great SupplyChain Disruption over the last two years, causing a blow out of transportation costs and continuous delays at every stage of the channel.
Supplychaintechnology is a difficult, exhilarating topic to cover in detail. Supplychain managers will focus on several key supplychaintechnology implementations or considerations which will impact consumer spending habits, consumer-business interactions and performance measurement.
I suspect robotic process automation (RPA) is not a frequently discussed watercooler topic — and, when it is, the discussion probably involves back office, white collar, swivel chair work. The connection between RPA and supplychain functions may not be clear until you realize just how much paperwork is involved in supplychain transactions.
Rethinking the Freight RFP Process. Once a year, shippers and carriers begin the arduous freight RFP process, when shippers send out request for pricing (or proposal) for contract rates to their list of trucking companies. It is why many companies are rethinking the freight RFP process. Step 3 – Send Lanes to Carriers.
More Resources Home Is AI Hype or a Truly Revolutionary Technology Set to Transform Logistics? (AI Like all innovations, however, developing technology as complex as the human brain requires time and significant investment.Here, too, the journey of AI began as far back as 1956 at a workshop on Dartmouth College’s campus in the U.S
I use this example to illustrate the challenges (or, perhaps, the futility) of making supplychain and logistics predictions. So, here is my invented future for 2015, starting with my most audacious prediction: Google will acquire a logistics service provider (3PL) and/or a logistics software vendor. The Google TMS?
The Freight RFP Process is Broken – Let’s Fix It with Maggie Petrovic. Maggie Petrovic and Joe Lynch discuss the freight RFP process is broken – let’s fix it. Maggie is the Vice President of Strategic Initiatives at Emerge , a company that is Reinventing FreightProcurement. Rethinking the Freight RFP Process.
Samuel is Director of Product Marketing at DAT Freight & Analytics ‘ Shipper segment. DAT operates the largest truckload freight marketplace in North America. DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility.
With supplychain planning software you can automate the achievement of service levels, even under changing constraints resulting from major disruptions. As COVID-19 continues its malevolent spread around the world, concerns grow regarding the continued impact on supplychains and business continuity.
Let’s consider these top factors affecting the trucking market, their implications on supplychains and how they are driving change within the industry. . High freight volumes across all industries in the trucking market are expected to continue into 2022.? Download the White Paper: Over the Road Freight Management Trends.
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