Segmenting customers and products to lower costs and improve profit margins also results in higher customer satisfaction, says Wade McDaniel, vice president of solutions development at Avnet Velocity.
Innovation of the Year: Disruptive technology products must get to market faster than ever, and a product innovation center at Flextronics reconfigures the supply chain to do just that.
Runner-up: Sears Holdings Corp.
Finalists: Intel, Fast Logistics, Zimbabwe National Family Planning Council
Getting your finished goods to customers damage-free is key, but it never hurts the bottom line to do that cost effectively and in an environmentally friendly manner. Intel accomplished all of that by changing how it packaged its products.
Wearable technology is not only creating new business opportunities, it's disrupting the way supply chains work. To design, make and get customers' products to market quicker, Flextronics designed an innovation hub that met all of their supply chain requirements.
The future of supply-chain management doesn't rest within a crystal ball or psychic's parlor. It can be found each fall, at a dinner and panel hosted by the San Francisco Roundtable of the Council of Supply Chain Management Professionals.
Small appliances volume sales will surpass major appliances and grow by 22 percent globally by 2019, according to research by Euromonitor International. Global consumer interest is turning towards small appliances, such as air treatment, cooking appliances and vacuum cleaners, which reflects the huge demands for health care and life-enhancing products. More than half of global sales of these products are coming from China, followed by France, Japan and Turkey.
In Stanley Kubrick's Cold War black comedy "Dr. Strangelove," the Soviets have developed a devastating "Doomsday Device," to be triggered by a nuclear attack on the U.S.S.R. It's supposed to act as a deterrent, but has been kept a secret. Asks an exasperated American president of the Russian ambassador: "Why didn't you tell the world?" To which the ambassador replies: "The Premier loves surprises."