What Are Other Shippers Doing? Leading Practices in Transportation Procurement

In many ways, the success of a company’s transportation operations begins with how well it plans and executes its transportation procurement process. Do it right and you end up with competitive rates, assured capacity, and reliable service. Take the wrong approach or strategy and you might end up paying too much, scrambling for capacity, or dealing with service issues. Although there is no “one size fits all” approach to transportation procurement, there are some fundamental practices that shippers should consider when developing their transportation procurement strategy and executing a bid.

In this episode, Tim Dalton, Procurement Manager at LeanLogistics, provides an overview of these fundamental practices and answer common questions many shippers have, such as:

When is the right time to conduct a procurement engagement? Should we put all of our lanes out to bid or just a portion? What type of carriers should we work with? How do we evaluate them? How do we decide between incumbent and new carriers? What is the best way to leverage benchmarking data and market intelligence? How do we measure the success of a procurement engagement?

Introducing Procurement Advisory Services

Implementation of Oracle Procurement & Spend, SCM & OM Analytics for a Leading Manufacturer

A leading manufacturing plant was facing challenges with their existing reporting tool, through which they weren’t receiving the desired insights. Frequent application breakdown, lack of an audit or analytical report mechanism and the inability to keep up with evolving applications was creating complications for the plant. The clients’ decision making was slow and flawed, additionally, they were unable to leverage enhanced features present on the newest versions.

By engaging Cognizant to provide their Oracle BI Analytics solutions, the client partnered with a group that has executed multiple OBIEE/OBIA upgrades, so there were no surprises. Cognizant follows Oracle’s Unified Methodology, which means efficient implementation, upgrade and support is at hand at all times.

Jennifer Duane, Procurement and Strategic Sourcing Expert

Chief Procurement Officer Summit – Testimonials: Delegates & Speakers

The annual Chief Procurement Officer Summit delivers world class briefings from some of the leading minds in the procurement industry. Speakers have included Aflac, SunTrust Banks, Starbucks, The Procter & Gamble Company, AT&T, Thomson Reuters and many more.

Some brilliant insight from Chief Procurement Officer