Once the "low-hanging fruit" is gone, how do third-party providers and their customers find new ways to create value and strengthen their partnership? There are many ways, but only one rule: It takes two.
Afraid to let safety stocks get too low, companies often get overwhelmed by their inventory. New ideas, processes and technologies in inventory management can solve that.
A conversation with Hector Granda, director of global procurement policies and learning and development within the Integrated Supply Chain at IBM, Armonk, N.Y.
Castrol's European operation faced a common supply-chain conundrum: excess inventory and poor customer service. A new planning department separate from execution, coupled with technology from ToolsGroup, got the company's supply chain back on track.
The world's largest logistics service providers expand their offerings and continue to enlarge their businesses through acquisitions, geographic expansion, and organic growth, as well as good old-fashioned price increases.