Supply chain finance has continued to exhibit strong growth in the last two years, according to latest research from Demica, which reveals average annual SCF growth rates between 30 percent and 40 percent at major international banks.
AFN, a 3PL based in Chicago, uses business intelligence to improve its internal decision making and to support supply chain decisions of its clients. Eric Malcolm, director of sales strategy, explains the company's approach.
The 2012 MAP-21 bill provides highway and transit funding through FY 2014. Janet Kavinoky of the U.S. Chamber of Commerce provides insight into how this law will impact logistics and discusses other transportation issues before Congress.
Mobile has become an integral part of our everyday lives, extending beyond just personal use for the consumer to what is now a can't-live-without-it tool in the business world as well. Today, just about every industry is impacted by mobile devices, opening the door to workplace flexibility, increased efficiency and quicker exchange of data and knowledge. However, with this opportunity comes greater risk. Without the proper data exchange technology, secure information can be exposed, lost or more difficult to track. To address these challenges, application programming interfaces (APIs) are being used to help supply chain organizations take control of their data, and enable various systems and devices to communicate with each other.
To the surprise of few observers, Apple once again is first in Gartner's Ninth Annual Supply Chain Top 25, a research initiative designed to raise awareness of the supply chain discipline and how it impacts the business. Apple was followed by McDonald's and Amazon, which switched places from last year's ranking.
When the molds used to manufacture aluminum engine blocks are built, visibility into the entire assembly process can help ensure that any defects are caught before the finished block is shipped to a customer. With that in mind, automotive components manufacturer Nemak has automated its work-in-process (WIP) tracking, with a radio frequency identification system supplied by Balluff Inc. that writes sensor data from automation equipment to ensure that any defects in the mold are caught before molten aluminum is poured into it.
Eight months into a controversial customer-tracking mobile trial, Nordstrom has halted the effort. Although Nordstrom took a lot of criticism for the mostly misunderstood program from consumer media, it's not clear whether the project ended as a result of the criticism or the trial had simply run its course.
At the Smarter Commerce Global Summit, IBM (NYSE: IBM) today announced a study that says companies with high-performing procurement organizations are driving better bottom line results, according to an IBM study. These organizations report profit margins of 7.12 percent as compared to just 5.83 percent for companies with low-performing procurement organizations. Also, companies with top-performing procurement organizations report profit margins 15 percent higher than the average company - and 22 percent higher margins than companies with low-performing procurement organizations.