In a previous post, I made a case for how the Chief Supply Chain Officer (CSCO) and Chief Procurement Officer (CPO) are smarter together. I took the viewpoint that as the need for supply chain resiliency becomes front and center, CSCOs and CPOs will need to collaborate very closely; and shared the reasons why this […]
The biggest constant in transportation today is change. It is forcing companies to rethink how they plan, optimize, execute, and collaborate with trading partners. The effort to move closer to the customer – by virtually all businesses – means supply chain networks of old must be replaced with more links, more nodes, and smaller, more […]
A lead logistics relationship is a significant commitment. There deals should always be based on several key collaborative principals. The XPO/Nu Skin deal is one of the few deals explicitly based on these “getting to win” concepts.
Bid optimization and procurement are truly foundational for companies to achieve supply chain excellence and drive value. Procurement process and bid activities have a significant impact on shippers and carriers, making it critical for companies to establish good sourcing practices. With 2016 being a record year in terms of bid activities for shippers – due […]
I was recently informed of the new start-up company named TransVix that is developing a US trucking futures exchange market. Admittedly, my logistics research is focused more on warehousing than on transportation. However, I do have a solid understanding of both logistics and financial markets, and of financial derivatives such as forward contracts and futures. […]
UPS Invests in a 3D Printing Firm to Learn UPS actively monitors emerging technologies including 3D Printing. 3D Printing, also known as additive manufacturing, was not that interesting to UPS initially. But as industrial manufacturers began making components, not prototypes for R&D, but direct material components used in finished products, UPS began to become interested. […]
Asking, “What’s the point of conducting regular procurement events?” is just like asking, “What’s the point of conducting routine car maintenance?” You could skip some maintenance, but you’d probably pay for it in the end. And the same goes for procurement events. Whether it’s your supply chain or your car, regular “maintenance” can keep things […]