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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.
If you are buying widgets, there are many ways to make your purchase, from going to a retail location, ordering online or using a standard procurementsoftwaretool that allows you to order lots of widgets and receive them over a specified period of time. Freight is unique. Data rules. Data is critical to decision making.
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I’ve worked in the supply chain for 30+ years, working for major retailers including Kmart, Michaels and Five Below, as well as on the 3PL and logistics side with companies including FedEx, where I was Vice President of GlobalTransportation, and UPS, where I worked as Vice President of Supply Chain Design. Image source: Bloomberg.
Managing a global supply chain network requires the ability to manage and control both globaltransportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain.
Change is the only real constant when managing global supply chains, regardless of the type of goods or any other supply chain attribute; change is driving your supply chain. The most recent change on the ocean carrier front is the OOCL purchase by Cosco Shipping Holdings and Shanghai International Port Group for $6.3
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We answer all these questions and more – including how inventory management software will help you manage your supply chain for your freeport warehouse or factory. They especially encourage manufacturing and design enterprises that import, process and then re-export goods. In this 2022 guide to freeports: What is a freeport?
Managing a global supply chain network requires the ability to manage and control both globaltransportation execution and the associated freight spend. In a constantly shifting and competitive global trading environment, it is increasingly important to control all costs across the entire supply chain.
Announced Acquisitions Aptean Acquires Principal Logistics Technologies Manufacturing and distribution industry specific technology provider Aptean has announced the acquisition of Principal Logistics Technologies ( PLT ), a provider of purpose built warehouse management and supply chain optimization software technology.
How Generac Power Systems Cut Millions from Its GlobalTransportation Spend | Transportfolio. Yet, there are steps you can take to standardize processes and systems—and do it quickly with the right tools and resources. Our team provided North American transportation to Generac at the time. Here’s how they did it.
Covid-19 wreaks havoc with global supply chains. I just got off a call from the Director of Supply Chain with a retailer who is experiencing major angst because many of their products are directly or indirectly sourced overseas. His direct international supply chain is outsourced to a global 3PL.
Revenue data is sourced from the companies’ websites and market research platforms such as Macrotrends. In the latter half of the 20 th century, it transformed into a Swiss holding company with interests in sea freight, air freight, contract logistics and overland businesses, with a focus on IT-based logistics solutions.
CEO Doug McMillon indicated at the time that consumers were being impacted by the effects of high inflation and were purchasing more affordable food and groceries, shunning discretionary purchases. The retailer had reported a big earnings miss as higher inventories and supply chain related costs dragged down expected profitability.
Organizations around the world are now adopting Artificial Intelligence (AI) based technology solutions to create smarter, leaner, safer and sustainable manufacturing systems. Curtis Feeny has invested in enterprise software for 19 years with a focus on data analytics. Curtis Feeny : Managing Director at Voyager Capital.
Delivering exceptional service levels, regardless of where products are sourced and manufactured, or how buyers choose to purchase products is a constant challenge. To accomplish it, many turn to global logistics solutions that blend transportation management system (TMS) technology with supply chain expertise.
Delivering exceptional service levels, regardless of where products are sourced and manufactured, or how buyers choose to purchase products is a constant challenge. To accomplish it, many turn to global logistics solutions that blend transportation management system (TMS) technology with supply chain expertise.
Organizations around the world are now adopting Artificial Intelligence (AI) based technology solutions to create smarter, leaner, safer and sustainable manufacturing systems. Curtis Feeny : Managing Director at Voyager Capital Curtis Feeny has invested in enterprise software for 19 years with a focus on data analytics.
Robinson’s integrated solutions—create end-to-end international supply chain solutions that generate visibility and enormous value: Internal group alignment. With automation tools, you can handle routine functions, eliminate visibility gaps, and save valuable staff resources for exception incidents and higher-level strategic planning.
An example of supply chain resilience A basic example of supply chain resilience is building in redundancy through dual sourcing: having an alternative supplier for important parts or ingredients. Their Head of Supply Chain, Daniel Bull-Clearie, initially sourced their raw product entirely from their own coastal farm.
Mr. Ross was most recently Managing Director and Group Head of Stifel’s GlobalTransportation & Logistics Equity Research practice. Roadrunner’s “Ship It Like You Own It” commitment guides the company to provide unparalleled service and reliable LTL solutions for customers. About David Ross . History of LTL.
Mr. Ross was most recently Managing Director and Group Head of Stifel’s GlobalTransportation & Logistics Equity Research practice. Roadrunner’s “Ship It Like You Own It” commitment guides the company to provide unparalleled service and reliable LTL solutions for customers. About David Ross . History of LTL.
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