Here's what we can learn from the Federal Trade Commission's recent $1 million fine against Williams-Sonoma — and practical advice for companies interested in making “Made in USA” and other U.S. origin claims in their advertising and labeling.
Freight-payment levels provide a good snapshot of current economic activity, and judging by the trend detected by U.S. Bank for the first quarter of this year, the news isn’t good.
Nearly every industry is reviewing strategies, operations and processes with a new perspective, and many businesses are realizing they need end-to-end inventory visibility.
The concept of sole sourcing is as old as that of strategic sourcing. Call it vendor consolidation, volume concentration, or reduction of part-number proliferation, the endgame is always the same: reduce the number of vendors at the part and enterprise levels, to help drive cost efficiencies.
In the last three weeks, I’ve spoken with senior executives of dozens of companies about how they’re managing business continuity during the COVID-19 crisis. Their insights have been consistent.