Most companies today are heavily outsourced and have suppliers spread out across the globe. Yet firms' knowledge of their suppliers and the environments they operate in is often limited and out-of-date, crippling their ability to successfully manage the dynamics of their supply base. This has introduced substantially more risk in global businesses.
Intelleflex Inc. has entered into a partnership with DeltaTRAK Inc. to enhance cold-chain technology for the food, pharmaceutical and processing industries.
Theft of trade secrets costs jobs and the global economy billions of dollars a year, according to a report released by the Center for Responsible Enterprise and Trade (CREATe.org) - a Washington-based non-profit industry group focused on responsible business practices.
Volatility, globalization, higher customer expectations and new-product introductions are the "enemy" of the supply chain, and inventory and capacity are costly ways of combating them, says Puneet Saxena, vice president of industry strategies at JDA Software.
"Sales Carbon Operations Planning" (SCOP) offers a new take on supply-chain management, bringing together traditional sales and operations planning (S&OP) techniques and the need for companies to track and reduce their carbon emissions. "It's my way of making it easy to transfer into sustainability with your existing processes," says Silvia Leahu-Aluas, owner of Sustainable Manufacturing Consulting. The new term covers everything from basic carbon dioxide management to a full understanding of the economic and environmental impact of greenhouse gas emissions.
There are good reasons why a formal process for conflict resolution is necessary in the context of supply chains, says Stewart L. Levine, founder of ResolutionWorks. The very nature of supply chains, with their panoply of internal and external partners, gives rise to conflict. What's needed, he says, "is a conversational process whereby you can teach people how to move through conflict."
Hong Kong Air Cargo Terminals Ltd. (Hactl) has become the site for the first authorized training center (ATC) to be established by the International Air Transport Association in Hong Kong.
Virtually every sales person today uses some kind of system for customer relationship management - whether it's a sophisticated, company-wide, cloud-based CRM platform, a simple file system with personal notes, or even their Blackberry with all contacts at their fingertips.
According to Interpol, the return on investment for counterfeiting pharmaceuticals can be over 20 times more than the return on dealing illegal drugs. In addition to making more money, counterfeiters usually face relatively lower penalties if caught.
Buy low, sell high. Pretty simple. But a case currently before the U.S. Supreme Court tests whether manufacturers can prevent retailers from buying their products for the lowest price simply by, for example, printing the labels for the products outside the United States.