At Hughes Communications, managing risk means developing proactive resiliency. Building a satellite requires coordination between both internal efforts - where engineers design the satellite, aligning the beam patterns with the geography that needs to be covered - and external partners, which provide parts from around the world.
The first and most obvious reason most people want to analyze spend is to find savings opportunities; figure out how to spend less and spend more wisely.
A newly-launched performance study from The Hackett Group Inc. is designed to help procurement organizations improve how they enable their companies' growth, in revenue and other areas. The open performance study should assist procurement leaders move beyond cost savings, and better understand the progress and strategies used in all facets of growth.
FPS Hong Kong, a non-vessel operating common carrier and member of the Famous Pacific Shipping Group, is launching direct ocean groupage service to Honolulu, Hawaii.
A rising percentage of organizations are choosing e-invoicing to reduce processing costs, accelerate approval cycles, and increase on-time payments, according to a PayStream Advisors study sponsored by Syncada from Visa. Internal pressures such as green initiatives and increased centralization contribute to e-invoicing adoption, as do external changes, including global supplier requirements. The study recommends first implementing top tier customers to achieve the most financial and operational impact.
In 2010, China dominated European and U.S. markets for ready-made garments, accounting for about 40 percent of the import volume in each region. A recent McKinsey survey, however, found that 86 percent of the chief purchasing officers in leading apparel companies in Europe and the United States planned to decrease levels of sourcing in China over the next five years because of declining profit margins and capacity constraints.
When did the supply chain become so complex? Just looking at the typical procurement department, for example, we see that the straightforward RFP, with cost as the deciding factor, is reaching near-extinction.