Too many companies are still plagued by a "siloed" mentality which keeps various functions from collaborating fully on demand planning. But Arnold Mark Wells, principal of End-to-End Analytics, sees reason for hope.
The maker of sophisticated medical equipment had reached a "plateau" in its efforts to boost customer service and optimize costly inventory within its global operation. Then it found a way to climb higher.
High-tech firms have had to deal with volatile demand as consumers preferences have rapidly changed in view of innovative products and services. Market velocity is so high in this sector that products and entire companies can go from "high flier" to "crash and burn" very quickly. Even leading companies with strong brands have to continue to develop revolutionary products and new business models to stay relevant.
GAC-SMHI Weather Solutions, an alliance between the GAC Group and Swedish Meteorological and Hydrological Institute, has introduced a new feature of its Fleetweb online application to provide alerts about sea-crime attacks.
Inttra, provider of a shipper and carrier network for ocean transportation, has joined with SeaIntel Maritime Analysis, which offers insight into the container market, to improve ocean carrier schedule reliability.
Almost 72 percent of senior supply chain and operations executives are not completely confident in their organizations' product recall and traceability abilities.
Have you ever bought something where price wasn't the deciding factor? A cup of coffee because it tastes better, perhaps? Or maybe a pricier mechanic's services because you trust him? Purchasing decisions in our lives aren't black and white, and they shouldn't be in corporate purchasing departments either.
Spend analytic projects are often driven to meet key goals of the chief procurement officer and procurement organization, chiefly cost savings. However, there are also many different possible uses or goals for spend analytic tools and projects, which might be driven by other executives or offices as well.