Consumer demand for more fresh, ready-to-eat products is driving development of new replenishment models based on smaller, more-frequent deliveries, versatile truck drivers and the latest temperature-controlled trailer technology.
On average, $10m is the cost of a recall on a food company. Add this to the fact that recalls have been doubling every year from the 2002-2014 period in the United States, and it should worry any stakeholder in the manufacturing and processing facilities. Yet many of them are surprisingly optimistic about the chance of a recall affecting business, and it's their belief of invincibility that leaves them unprepared to weather a storm when one blows up. When manufacturers take a risk on their customers' health, they take a risk on their business’s health.
World-class procurement organizations now deliver services at 17 percent less cost than typical companies while offering improved effectiveness, largely by becoming more customer-centric, according to research from The Hackett Group Inc.
To build advantage, organizations must do more than just change. They must transform. As technology's role in business becomes ever more important, transformations will increasingly be underpinned by significant technology programs. In such technology-enabled transformations, IT leaders need two different strategies to ensure success.
An efficient supply chain is one of the most crucial predictors of a company's success. The supply chain affects almost every marker for industry leadership, including costs, delivery performance and overall customer satisfaction. It's understandable then that the majority of supply chain executives consider visibility to be the most important aspect of any supply chain solution.
Standards group GS1 US has released its Tagged-Item Performance Protocol (TIPP), a guideline that includes a scale for grading the performance of EPC ultrahigh-frequency RFID tags when used on specific products and in specific environments, as well standardizing the testing conducted to identify that grade.
The global electronics contract manufacturing market is forecast to grow at a CAGR of 5.74 percent from 2012-2016, according to TechNavio analysts. One of the key factors contributing to this market growth is the need for original equipment manufacturers to optimize resources. With the fast-paced product development environment of high-tech electronics manufacturers, creating a closed-loop, traceable collaboration process with their contract manufacturing partners and suppliers is key to product efficiencies, quality, compliance and meeting time-to-market goals.