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 Freight Sourcing Strategies 130

Logistics Viewpoints

FEBRUARY 20, 2020

The post Strategies, Tips, and Pitfalls of Modern Transportation Procurement appeared first on Logistics Viewpoints. These changes impact shipping lanes, volumes, cost, driver satisfaction, turn over – all of the things that naturally […].

Cost Reduction Strategies 157

Cost Reduction Strategies Optimal Sourcing Price Mitigation Strategies Supply Chain Strategy 157

SCMDOJO

JUNE 6, 2024

Do you dream of confidently navigating the ever-changing procurement world, not confused with what procurement training to opt for? The SCMDOJO Procurement Track isn’t just another training program – it’s your key to unlocking a commanding presence in the field. Dive in and discover the power within!

Pricing Training 105

Pricing Training Negotiating Skills Buyer Training Optimal Sourcing 105

Procurement Academy

OCTOBER 19, 2023

Nonetheless, there is a whole lot more to opimizing procurement processes than just cutting costs and then increasing efficiencies. Your business needs a broader vision to address sustainability, deliver on risk management and resilience challenges, nurture buyer and supplier relationships, as well as meet procurement excellence.

Optimal Sourcing 52

Optimal Sourcing Vendor Strategies Price Reduction Resource Reduction 52

Logistics Viewpoints

SEPTEMBER 20, 2024

Supply Chain & Logistics News 09/16-09/20 Next week I will be attending my second Climate Week NYC. Now Let’s Get to The Supply Chain & Logistics News: Gas and Electric Utilities Prepare are Coordinating the Necessary Preparations For an Exepected Rough Winter The Northern American Electric Reliability Corp.

Supply Chain Planning Software 255

Supply Chain Planning Software Logistics Network Optimization Software Waste Reduction Supply Chain Software 255

Jaggaer

NOVEMBER 14, 2024

In today’s dynamic market, procurement is far more than just a buying and purchasing center. Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Our latest e-book, “ Is Manufacturing Missing Out On Procurement’s Value Add? Here are some key insights from the e-book.

Manufacturing Procurement 52

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 52

Logistics Viewpoints

AUGUST 25, 2021

Below are some transportation strategies for success for suppliers of TMS, TES, and MTS. Coronavirus has changed the outlook for direct-to-consumer commerce, and a TMS is now a critical component of this strategy. Transportation strategies come in all shapes and sizes. Look to the Cloud. Address Outsourcing Risks Head On.

Price Reduction 300

Price Reduction Cost Reduction Strategies Expense Reduction Price Mitigation Strategies 300

Logistics Viewpoints

FEBRUARY 20, 2024

That strategy can lead to thousands of scenarios, and still no number of scenarios will answer all questions. Another strategy is to dedicate resources and build the best algorithm for demand forecasting. While this sourcing strategy is the most cost-effective one, the business might not want to operate like that.

Sourcing Strategies 260

Sourcing Strategies Supply Chain Design Software Modeling Inventory Reduction 260

Precoro

NOVEMBER 11, 2024

In this article, we’ll explain what centralized purchasing is, the challenges it tackles, the benefits of centralized procurement, and the types of companies that can benefit most from it. That’s when a centralized procurement organization structure proves beneficial.

Pricing Training 84

Pricing Training Expense Reduction Price Reduction Cost Reduction Strategies 84

Precoro

JULY 15, 2024

The chief procurement officer (CPO) is a senior executive responsible for developing and implementing their organization’s procurement policies, procedures, and strategies. The chief procurement officer’s workload extends beyond timely purchases and cost-saving measures.

Negotiating Skills 89

Negotiating Skills Manufacturing Procurement Procurement Analytics Procurement Solutions 89

Logistics Viewpoints

JUNE 21, 2024

And now on to this week’s logistics news. May air cargo volumes rise amid global disruption Freight market pressured again in May, Cass data shows General Motors (GM) is accelerating sustainability efforts in its supply chain, focusing on logistics, materials, packaging, and supplier engagement. That’s all for this week.

Logistics Network Optimization Software 263

Logistics Network Optimization Software Logistics Material Savings Optimal Sourcing 263

ProcurePort

JUNE 29, 2022

• Robust and flexible procurement strategy can help you reduce operational and logistical experiences and equally serve as a competitive advantage. So, it’s advisable to put considerable time into designing a procurement strategy […]. . •

Sourcing Strategies 52

Sourcing Strategies Cost Reduction Strategies Supply Chain Strategy Sourcing 52

Logistics Viewpoints

APRIL 1, 2021

In a previous post , I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. Accordingly Supply Chain and Procurement will need continuous collaboration. Such sourcing events can be in the context of direct materials or logistics capacity.

Optimal Sourcing 214

Optimal Sourcing Manufacturing Procurement Procurement Analytics Procurement Solutions 214

GlobalTranz

AUGUST 18, 2021

As logistics continues to grow more lucrative to the customer experience, 3PLs are playing an increasing role in the supply chain. To find the right logistics transportation services partner for your unique business needs, shippers should consider these five crucial characteristics. . Focus on Carrier Procurement and Management.

Logistics Network Optimization Software 309

Logistics Network Optimization Software Optimal Sourcing Negotiating Skills Optimization Software 309

Logistics Viewpoints

JULY 24, 2024

APQC conducts research on supply chain and logistics to help organizations assess the performance of their own processes and functions compared to their peers. Compared to RPA implementation in other areas, organizations are more likely to have implemented RPA in Logistics and Warehousing (24 percent).

Supply Chain Software 273

Supply Chain Software Manufacturing Procurement Supply Chain Planning Software Inventory Reduction 273

Logistics Viewpoints

OCTOBER 17, 2024

Treating suppliers as essential partners in the field of direct spend management—almost like customers—can be a key component of a successful company strategy. Market Intelligence: Suppliers often have access to valuable business and supply market intelligence, which can inform a company’s strategy especially in the area of direct spend.

Manufacturing Procurement 242

Manufacturing Procurement Supply Chain Planning Software Material Savings Supply Chain Design Software 242

The Logistics of Logistics

FEBRUARY 24, 2023

Chris Caplice and Joe Lynch discuss MIT Center for Transportation and Logistics and a wide range of logistics and supply chain topics. Chris is a Senior Research Scientist at MIT and serves as the Executive Director of the MIT Center for Transportation & Logistics (CTL). He received a Ph.D.

Logistics Network Optimization Software 220

Logistics Network Optimization Software Transportation Supply Chain Design Software Supply Chain Planning Software 220

ivalua

JANUARY 31, 2022

Last week, Ivalua partnered with Ardent Partners to discuss Procurement 2022: Big Trends and Predictions. . Procurement 2022: Big Trends and Predictions. #1. Businesses are either pausing staffing efforts or ramping up talent acquisition strategies depending on the industry. View Webinar Replay. More on that here.

Predictive Analytics Software 130

Predictive Analytics Software Optimal Sourcing Procurement Sourcing Strategies 130

Logistics Viewpoints

JANUARY 12, 2022

So, I want to take this opportunity to reflect on the top 15 most popular logistics stories from 2021 and see what our readers found to be the most interesting. It was good mix of topics and authors, including a good number from our Logistics Viewpoints sponsors. So let’s take a look now at the 15 most popular logistics stories.

Logistics Network Optimization Software 320

Logistics Network Optimization Software Optimal Sourcing Supply Chain Planning Software Supply Chain Software 320

GlobalTranz

SEPTEMBER 12, 2016

Many different terms, such as less-than-truckload (LTL), procurement and transportation management, describe supply chain management processes. Although procurement logistics might sound like it involves the purchasing of manufactured products , it is much more involved. The Definition of Procurement Logistics.

Manufacturing Procurement 120

Manufacturing Procurement Optimal Sourcing Procurement Solutions Procurement Analytics 120

ModusLink Corporation

SEPTEMBER 1, 2023

Supply Chain Management In the ever-evolving world of freight and logistics, volatility has become the new normal. Procurement experts face transportation costs, customer demands, and high pressure on global container and air freight rates. But what does that mean for future strategies in procurement ?

Optimal Sourcing 78

Optimal Sourcing Supply Chain Software Supply Chain Planning Software Manufacturing Procurement 78

ivalua

AUGUST 17, 2021

What does Procurement mean? An organization’s Procurement function is responsible for managing spend, in other words the buying goods and services that are used to make the products sold to customers as well as the purchasing of products and services used to run the organization on a day to day basis. What is Direct Procurement?

Manufacturing Procurement 130

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 130

GlobalTranz

FEBRUARY 27, 2018

Procurement must never be an afterthought in any enterprise. The answers to these questions lie in understanding a few of the top industrial procurement trends to expect in 2018. Companies Will Seek New Ways to Use Technology in Procurement. The global supply chain creates many challenges and opportunities in procurement.

Manufacturing Procurement 166

Manufacturing Procurement Optimal Sourcing Supply Chain Planning Software Supply Chain Software 166

Talking Logistics

JANUARY 16, 2020

Truckload rates and capacity should not create concerns for shippers managing a proper procurement strategy during the first half of 2020. Read more Truckload Tactics for 2020: Balance Strategy to Control Cost. Emerging brokerage offerings can add confusion to these market complexities.

Cost Reduction Strategies 152

Cost Reduction Strategies Supply Chain Strategy Strategy Price Mitigation Strategies 152

The Logistics of Logistics

MAY 1, 2024

DAT iQ provides freight intelligence to inform your budget and procurement strategies so you can navigate market volatility with greater confidence and agility. This segment is in the growth stage of its evolution, serving large enterprise brands and their Logistics, Procurement and Supply Chain teams. Samuel has his B.A.

Metrics 213

Metrics Logistics Network Optimization Software Analytics Software Optimal Sourcing 213

ivalua

NOVEMBER 26, 2020

Supply Chain Strategies: What the Pandemic Has Taught Us So Far? While this strategy appears to be a viable solution, as there will be some shortening of supply chains moving forward, it is not realistic to expect that a vast global supply chain network will not continue to exist.

Sourcing Strategies 264

Sourcing Strategies Material Savings Cost Reduction Strategies Inventory Reduction 264

Precoro

MARCH 30, 2022

Strategic Procurement Helps a Business Unleash its Potential. As The Hackett Group discovered, approaching procurement strategically with specific business goals in mind helps achieve a significantly higher ROI. Operational efficiency and cost reduction are among the top procurement priorities for CPOs, according to Deloitte.

Vendor Strategies 52

Vendor Strategies Sourcing Strategies Cost Reduction Strategies Price Reduction 52

Procurement Academy

OCTOBER 19, 2023

A crucial part of successful procurement strategies is the art and science of negotiation. Procurement negotiation refers to a buyer (usually from a company) and a seller (usually from a supplier) working together and discussing the likes of pricing, terms, conditions, and other aspects of a procurement contract.

Negotiating Skills 52

Negotiating Skills Pricing Training Negotiate Pricing Purchasing Training 52

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. About Brad Wheeler. About Emerge.

Supply Chain Network Software 212

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

The Logistics & Supply Chain Management Society

MARCH 21, 2023

Why Multi-Carrier Parcel Shipping Strategies Are Winning in 2022 by Lindsay Schuemann , Marketing Manager at Enveyo Two years. Your carrier strategy is the area that needs focus in 2022. Multi-Carrier Parcel Shipping Strategy: Where To Start? Why Is A Multi-Carrier Parcel Shipping Strategy Better?

Cost Reduction Strategies 130

Cost Reduction Strategies Price Reduction Sourcing Strategies Price Mitigation Strategies 130

Precoro

OCTOBER 28, 2024

According to Gartner , 88% of procurement leaders have significantly increased their focus on supplier collaboration over the past 24 months. In this article, we explore what SRM software is and discuss proven strategies for efficient partnerships with suppliers. Crafting tailored strategies for different supplier segments.

Procurement Solutions 64

Procurement Solutions Supply Chain Planning Software Supply Chain Network Software Optimization Software 64

GlobalTranz

JUNE 19, 2018

These rates will have natural implications for smaller shippers seeking to lower overall transportation and freight spend, and paired with a “blurred lines between peak shipping and shopping seasons,” shippers will experience increasing trouble when trying to procure full truckload capacity. Conducting annual procurement exercises.

Procurement Solutions 175

Procurement Solutions Procurement Analytics Capacity Procurement 175

ivalua

NOVEMBER 3, 2021

The 140 year-old company has a strong market position; large volume provides necessary scale and competitive advantages in purchasing, sales, logistics, and business support. Acting as a complementary partner to their suppliers, Procurement is a central target and strategic function for Ahlsell.

Optimal Sourcing 130

Optimal Sourcing Procurement Solutions Negotiate Pricing Negotiating Skills 130

The Logistics of Logistics

SEPTEMBER 25, 2023

Paul is the Founder and Chief Strategy Officer of Verusen , a supply chain intelligence platform, purpose-built to help manufacturers streamline their MRO supply and materials management. About Paul Noble As Founder and Chief Strategy Officer of Verusen, Paul Noble oversees the company’s vision and strategic direction.

Optimal Sourcing 264

Optimal Sourcing Material Savings Sourcing Strategies Inventory Reduction 264

QAD

APRIL 27, 2023

Earlier this year, QAD hosted a live webinar to explore and analyze the trends that are likely to dominate the procurement world over the coming months. It’s no secret that procurement teams have an amplified role within their businesses and that many are left with questions — our goal was to offer answers.

Manufacturing Procurement 98

Manufacturing Procurement Optimal Sourcing Procurement Analytics Procurement Solutions 98

ivalua

MAY 11, 2021

has selected Ivalua’s platform to drive its Procurement digital transformation journey with PwC as implementation partner. They have significant experience in working in remote and often environmentally hostile regions of the world, where logistical constraints create myriad challenges. strategy and values. Arkad S.p.A.

Optimal Sourcing 130

Optimal Sourcing Procurement Supply Chain Design Software Supply Chain Network Software 130