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.
An important first step in building a strategic supply management organization is developing solid business-unit relationships. But how many are taking the next steps and asking internal stakeholders pointed, detailed questions about how well the supply management team is meeting their needs?
The savings that can be retrieved by automating and rationalizing approval and purchasing processes in small and mid-sized companies are palpable. A 2009 Aberdeen Group study estimated that "improving the percentage of all non-payroll, tax, tariff and fee-related spend" - that is, indirect, nonstrategic expenses - brought under the management of a dedicated group can help enterprises "achieve a 5% to 20% cost savings for each dollar brought under spend management".
A few years ago, when Bill Weeks was CIO at a leasing company, a vendor pitched some software intended to manage leasing throughout Europe. Weeks was skeptical. "We noticed that half the stuff they were showing us was PowerPoint slides and not actual functionality. We decided it wasn't strong enough to run a business on." He and his team decided to pass.
There are many, many things that can go wrong in today's extended supply chains, a reality that can make managing supply chain risk seem overwhelming, says Richard Sharpe, CEO of Competitive Insights.
Frito-Lay plans to put 45 more electric delivery trucks on California roads in the coming months, bringing its fleet of such vehicles in the state to 105 by the end of the year.
How can we tell how small businesses are feeling? Find out how many vans they're buying. Van sales were up 32 percent in July over last year, a greater increase than nearly every other vehicle type, except for sports cars, according to data from Bloomberg Industries.
What Rust Belt? Timothy Butler, associate professor at Wayne State University's School of Business Administration, details how Southeast Michigan's economy - of which the automotive industry is a major piece - is recovering.
MeadWestvaco, a global packaging solutions provider, has identified a number of new markets in which it sees the potential for profitable growth, says Brian McClure, director of global procurement and supply chain. As the company moves into these new markets, it is faced with a lot of decisions about whether to make or buy goods and services.
The latest supply-chain news, analysis, trends and tools for executives in the food and beverage industries. Learn how food and beverage companies and their suppliers around the world are managing the flow of products across all channels of the enterprise. Experts sound off on forecasting and demand planning, supply-chain visibility, logistics outsourcing, inventory optimization, transportation management, warehouse management, supply-chain security, corporate social responsibility and more.
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