To drive robust supply chain performance, many companies put one individual in charge, either a chief operations officer (COO) or a chief supply chain officer (CSCO). With the right leadership agenda these positions can make a major impact on performance. In some organizations, however, the appointment of a COO or CSCO may unintentionally lead other senior executives to view the supply chain as "somebody else’s problem."
Just two weeks before companies are required to begin filing reports with the Securities and Exchange Commission on the presence of conflict minerals in their products, confusion reigns.
Challenge: An industry leading technology manufacturer was incurring hundreds of thousands of dollars in chargeback fines from several "big box" retailers that sell their product due to the previous logistics providers' inability to comply with the retailers' stringent delivery protocol.
Any attempt to apply "lean" thinking to a manufacturer or retailer's supply chain must have merchandise lifecycle plans in alignment with supply chain strategy to succeed, according to the vice president of strategic services at software company JDA.
Retail space isn't what it used to be. More people are browsing and buying online. Stores can get products faster from manufacturers, so they don't need as much space to warehouse inventory. Small businesses are thus moving to smaller storefronts to lower costs.
Retailers must put procedures in place to protect the long-term health of their businesses and ensure security concerns are a central part of their omnichannel strategies, according to a new industry report.
My previous post covered the difficulty of tracing and ensuring the quality of automotive and aerospace parts. The job is just as tough for consumer packaged goods and food producers.