Quick - close your eyes and imagine the scariest thing you can think of. A pit of venomous snakes? An IRS audit? Glancing at the car next to you and realizing that Charlie Sheen is driving it? How about committing your company's resources and not knowing what the financial return is going to be? That is exactly what buyers and supply chain professionals have to do every day when they buy products and move them through their supply chains to customers.
The logistics sector in 2011 was characterized by flat freight volume and higher rates, says Rosalyn Wilson, senior business analyst at Delcan, who researches and writes the annual State of Logistics report. The report is underwritten by the Council of Supply Chain Management Professionals and Penske Logistics.
In the mid-2000s there was a beginning of public discussions and a surge in market awareness about support and maintenance (S&M) alternatives for users of enterprise applications. Companies in the market for enterprise software S&M services, like nearly every other market in the world, have responded to monopolistic-like pricing and profit margins by seeking choice. Enterprise software licensees now have a choice of annual support providers.
In emerging markets, regulations impacting trade and business differ greatly from country to country and changes constantly occur with little or no notice, says Mark Millar, managing partner at M Power Associates, Hong Kong. Because of this, trade compliance is an increasingly important issue for companies doing business in these economies.
The ability of the largest U.S. companies to collect from customers and manage inventory improved just slightly in 2011, while payables performance worsened, according to the 14th annual working capital survey from REL Consulting, a division of The Hackett Group and CFO Magazine.
Jim Crowell, director of the Supply Chain Management Research Center at the University of Arkansas, demonstrates why on-shelf availability is a critical metric for retailers.
In the supply chain and sourcing domains, companies are changing the way they source, produce and distribute goods or services to their customers, in search of reduced costs and greater efficiency.