Ask any food industry executive to cite his or her greatest concern, and the answer will almost always be the same: product safety. But the list doesn't stop there. Like any other business sector, food manufacturers are grappling with a number of challenges, many of them related to the age of the internet and social media.
For many companies supply chain innovation (SCI) is a key source of competitive advantage. Yet there is no clear, commonly accepted definition of the concept; one company's SCI is another company's process improvement.
O'Reilly Automotive has been on a strong growth path for the past couple of years. Adding to the retailer's success has been its rate of growth and technology evolvement. O'Reilly has been keeping up with the pace of change by replacing its POS transaction engine, integrating promotions and incentives into the new system for a seamless customer experience and enhancing its electronic parts catalog.
The Open Group has published the Open Trusted Technology Provider Standard (O-TTPS), the first complete standard published by The Open Group Trusted Technology Forum (OTTF) and which will benefit global providers and acquirers of Commercial Off-the-Shelf (COTS) Information and Communication Technology (ICT) products.
The food supply chain has been a hot topic recently, with the horsemeat scandal creating a whirlwind of interest in an area which before had ticked along without very much attention at all.
Supply chain is the largest expense for any product company and generally accounts for 60 percent to 90 percent of all costs. Controlling such a substantial expense demands continuous performance improvement and high operational efficiency. Research suggests the existence of a statistically significant relationship between analytical capabilities and supply chain performance. In other words, data analysis can assist in controlling supply chain costs. Further, an analysis of 310 companies from different industries in the USA, Europe, Canada, Brazil and China indicates that analytics of the supply chain plan has the second-biggest influence on supply chain performance.
As tainted-food scandals go, it wasn't so bad. The discovery early this year of unlabeled horse meat in European food products wasn't for the most part a safety issue. It was a violation of cultural norms, to be sure, as well as a truth-in-packaging problem. Most of all, it was a supply-chain failure.
The term demand driven has become vogue again, but what does it really mean? And, should it be taken one step further to orchestrate bidirectionally market-to-market in market-driven value networks? Or will companies stumble on the path by mistakenly implementing supply-centric processes and calling them demand-driven initiatives?
The Open Group Trusted Technology Forum, a global consortium formed to create information-technology standards and certifications, has published the Open Trusted Technology Standard (O-TTPS).