Blacks spend less money in black-owned businesses than other racial and ethnic groups spend in businesses owned by members of their groups, including Hispanics and Asians.
Luxury leather furniture company Poltrona Frau Group has begun deploying a radio frequency identification system to reduce time and errors related to the receiving of leather upholstery material from its suppliers, and to inventory checks at its own storage area and third-party storage offsite.
Walmart is out to improve the quality of product information available to consumers on the internet - particularly from social media sources - with a supplier data collection program that will launch later this year.
Since 2011, Subaru's global sales have surged 45 percent to 913,100 vehicles, a pace bested only by a few burgeoning Chinese brands and Fiat Chrysler, which has been intent on making Jeep a popular choice in Europe and Asia. In the U.S., Tesla is the only car company that has increased sales as quickly in that period.
And Subaru has done all this while cranking out the best profit margin in the industry.
Investments into sourcing operations are paying off substantially for retailers, grocers and restaurants, according to an industry survey of procurement executives and practitioners, conducted by Intesource. Sixty-two percent of the procurement and sourcing professionals surveyed report their sourcing strategy has a direct and positive impact on company margins, profitability, working capital and cash flow.
As customers waited for their much anticipated Apple Watches, it was reported that delays could be traced to a feared supply chain nightmare: a faulty part. Apple's supply chain strategy, though, likely mitigated the risk.
Tyson Foods, one of the country's largest meat producers, said that it planned to eliminate the use of human antibiotics in its chicken production by 2017.
As the sales and operations planning (S&OP) leader, there are a few principal responsibilities: setting priorities, planning and executing your supply chain strategies, driving incremental improvements while quickly adapting to changing market and customer requirements, and linking changes in demand to changes in supply while keeping in mind the financial results. But that's just within the average day-to-day activity – it is also expected that advance changes in thinking and execution will be developed to help solve S&OP limitations.
Adopting a tactic widely used by 3G Capital, the Brazilian private investment group behind the recent merger of Heinz and Kraft Foods, a growing number of the world's largest food and packaged goods companies are asking their suppliers to give them as much as four months to pay their bills - even though they typically require payment from their own customers in 30 days.
When assessing areas of risk facing their departments, nearly half (45 percent) of chief procurement officers named supplier risk as a top concern, according to a survey by Consero Group, which creates invitation-only events for senior executives. The results were reported as part of the 2015 Global Procurement & Strategic Sourcing Data Survey.