ImpactFactor recently completed a study on supply-chain risk, surveying managers of more than 100 companies. The results were not encouraging. According to managing director Bill McBeath, many companies don't consider proactive risk-management to be a strategic tool. He was "shocked" at how level their level of investment in that area was, with half reporting expenditures of $50,000 or less to audit and assess suppliers. "Not a single one spent more than $3m," he says. "Given the huge potential impact [of risk] on their shares, we believe companies are seriously under-investing."
Graybar, a distributor of electrical, communications and data-networking products for supply-chain management and logistics, has made possible an alternative method of enabling network connections in commercial facilities.
Analyst Insight: Most supply chain management organizations struggle with functional and application silos that make orchestrating and synchronizing business processes across their organization near impossible. Supply chain execution convergence is an emerging Gartner concept where SCE functional silos are broken down and business processes span, optimize and synchronize across traditional functional domains. - Dwight Klappich, vice president, Gartner Inc.
Analyst Insight: For as long as we can remember, product lifecycle management technology has evolved in an incremental way, absorbing and exploiting new technologies as they've come along and steadily gaining in capability to meet the challenges of multi-organisation product development efforts and supply chains. Currently, the PLM solutions industry is being subjected to a looming confluence of pressures that represents both a major challenge to established approaches and a substantial opportunity for harnessing new technologies to drive further benefit. - Tony Christian, principal analyst, Cambashi
Analyst Insight: In recent years, Software as a Service and hosted solutions have made some significant in-roads in the supply chain application space, but their success has been somewhat limited. Continuing IT budget and resource constraints are causing many firms to take a serious look at on-demand supply chain applications. And software vendors have responded by increasing the number and variety of services provided. This mixture is expanding the horizon of on-demand supply chain IT solutions. - Tom Singer, principal, Tompkins International