293: Tomorrows Insights Delivered Today: Engineer Contract Success

Published: Sept. 22, 2022, 3:04 p.m.

It\u2019s the fourth and final episode of our Sifted mini-series!

Last week in episode three, I was joined by Caleb Nelson, Chief Growth Officer, to talk all about Sifted\u2019s Parcel Audit solution for shippers; how it can identify and recover lost revenue; how the boom in ecommerce has impacted shippers; and the power of strategic automation.

And today in episode four, we\u2019ll be turning our attention to Sifted\u2019s Contract Management Suite. I\u2019m joined by Adam Moulding, Chief Innovation Officer, to talk all about the platform; helping customers to go beyond a one-and-done negotiation mindset; the importance of strengthening business relationships; and the role of innovation in the future of supply chain.

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IN THIS EPISODE WE DISCUSS:

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[01.43] Some of the big challenges around contract management in the current climate.

\u201cContracts have become even more difficult, there are a lot more vendors\u2026 and figuring out all of the supply chain components \u2013 contracts, what\u2019s active, what discounts are expiring \u2013 has become a real challenge for businesses\u2026 who\u2019s profession isn\u2019t supply chain!\u201d

[03.29] An overview of Sifted\u2019s contract management suite \u2013 how it helps its customers, and how it helps to tackle those key challenges.

\u201cIt\u2019s about providing visibility\u2026 You need to be looking at your contracts. And you need to be comparing those contracts to your every day shipping profile.\u201d

[07.06] A closer look at what customers can do within Sifted\u2019s contract management suite platform, and the different ways they can hone contracts and optimize their shipping strategies.

\u201cHow do I know what I should be doing on a daily basis, and how do I measure whether or not I am doing it?\u201d

[11.28] An explanation of re-rating, how Sifted\u2019s solution allows customers to run re-rating scenarios, and how it empowers them to make confident data-driven decisions.

\u201cWe\u2019re breaking down those variables into easily understandable changes\u2026 anybody can go in and play with the numbers and understand \u2018how does this impact?\u2019\u201d

[14.01] A closer look at Sifted\u2019s contract monitoring, and how it helps take customers beyond a one-and-done negotiation mindset.

\u201cThey say that data is the new gold but really, data insights are the most valuable thing.\u201d

[20.02] The role of innovation in setting businesses up for success now, and in the future; and its importance to the overall future of supply chain.

[22.56] A closer look at Sifted\u2019s newly launched compliance tool, what it does and how it complements the existing range of Sifted solutions.

[25.53] The ideal client for Sifted\u2019s contract management suite.

[26.58] A case study looking at how Sifted helped a key client find solutions to a huge rise in shipping costs, ultimately helping them to reduce costs whilst increasing business.

[32.13] Adam\u2019s key takeaways from the mini-series, and his predictions for the industry as we head into 2023.

\u201cBusinesses and shippers have to be flexible and adaptable \u2013 to carrier changes, to market changes, to supply chain blockages and all of the different things that are going to be thrown at them.\u201d

RESOURCES AND LINKS MENTIONED:

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Head over to Sifted\u2019s website now to find out more and discover how they could help you too. You can also connect with Sifted and keep up to date with the latest over on LinkedIn, Twitter, Facebook and YouTube, or you can connect with Adam on LinkedIn.

If you enjoyed the show, make sure you catch up on any episodes of our Tomorrow\u2019s Insights Delivered Today mini-series that you might have missed. Listen to Episode 1, Empowering Confident Decisions, Episode 2, A Shipper's Crystal Ball\xa0and Episode 3, Enabling Operational Automation.

Check out our other podcasts HERE.