There are two major challenges that companies face today in forecasting, says Bob Leonard, vice president of sales with Forecast Pro. One is the push to drive down to more detail, including smaller time buckets. The other is the need to treat forecasting as an analytical task, instead of just clerical work.
More than 60 percent of respondents to a recent Tompkins Supply Chain Consortium survey say manufacturing is still on the rise in China. The report, China Supply Chain Perspectives: Operations and Future Investments, reveals the results of a survey completed by nearly 100 North American supply chain executives across all major industry segments that have supply chain operations in China.
Six mega trends have been identified that will significantly impact the revenues, costs and profitability of the commercial vehicle industry as demand for trucks and buses evolves with globalization, technology development, regulation and emerging market growth, according to a report from Ernst + Young.
Since the 2008 economic crisis hit, many firms have been forced to cut back in order to keep their businesses afloat. Enterprise software spending is one area where cutbacks have been most noticeable. But now that the global economy is starting to rebound and information technology budgets are unfreezing, companies are evaluating upgrade or replacement enterprise resource planning systems with added functionality to support their changing business needs.
In the strongest terms possible, defense and diplomatic leaders have urged the U.S. Senate to ratify the Law of the Sea Convention. Defense Secretary Leon E. Panetta along with Army Gen. Martin E. Dempsey, the chairman of the Joint Chiefs of Staff, joined Secretary of State Hillary Rodham Clinton in testimony before the Senate Foreign Relations Committee. All three urged the committee to approve the treaty.
Avnet provides leading-edge supply chain visibility solutions to OEM customers that have extended global supply chains and significant contract manufacturing operations. These supply chains often are highly complex and very geographically dispersed.
The growing complexity of products, along with the continued globalization of business, has made the supply chain more sophisticated and difficult to manage than ever before. Add to this the threat of unexpected natural disasters - such as the earthquake, tsunami and nuclear crisis in Japan last year - and suddenly manufacturers face challenges that are so complicated they warrant re-thinking the fundamental principles of supply chain management that have guided businesses for years.
In a move it says will improve its supply chain efficiency, Pinnacle Foods Group LLC announced plans to consolidate its Vlasic pickle production into one plant in Imlay City, Michigan. The company's decision to focus on its branded Vlasic business and de-emphasize its lower-margin, un-branded pickle business was the catalyst for this consolidation.
April saw a turn-around in the trend of the prior two months in the used Class 8 truck market, as volumes sank and pricing rose. The update on the used market was reported in the latest release of the State of the Industry: U.S. Classes 3-8 Used Trucks, published by ACT Research.
East Asian economies have recorded marked improvements in their ability to enable trade, while traditional frontrunners Singapore and Hong Kong retain a clear lead at the top of the global rankings, according to the Global Enabling Trade Report 2012, released by the World Economic Forum.