A serious component shortage five years ago led Hewlett-Packard to develop Procurement Risk Management, a combination of new processes and technology designed to help HP manage supply chain risk. This project was named 2005 winner of the Supply Chain Innovation Award.
Capacity is stretched thin and costs for fuel and drivers are accelerating, and that's not likely to change in the near term. It's time that businesses become more strategic in their transportation decisions.
Companies need to look beyond best practices to find competitive advantage in their supply chains. A project at MIT called Supply Chain 2020 is searching for the hidden principles that will guide supply chains now and into an uncertain future.
The latest news, analysis and trends regarding technology solutions and their impact on supply chain management. New technologies in forecasting and demand planning, supply chain visibility, big data analytics, the internet of things (IoT), cloud and software as a service (SaaS), enterprise resource planning (ERP) and transportation management systems (TMS) and WMS are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are improving operations through their strategic use of supply chain technology solutions.
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