Eighty percent of manufacturers responding to a recent survey rate reducing overall supply chain costs as the number one supply chain priority in the coming year, according to IDC Manufacturing Insights. Nearly 55 percent suggest supply chain agility is second and 52 percent suggest improving product quality and safety is the third-most important priority.
Top-performing companies in the food, beverage and household products sectors that leverage the demand chain will be in the best position to continue to grow, according to the 2012 Financial Performance Report by the Grocery Manufacturers Association (GMA) and PwC US, entitled Profitable Growth: Driving the Demand Chain.
As supply management organizations strive to extend their influence throughout the company and impact the bottom line with ever fewer resources, some are turning to managed service providers (MSPs) to make the best use of their organizations' time and talents. MSPs, sometimes called consolidators, can be used for certain spend categories, such as energy or telecommunications, that traditionally have been difficult for mid-sized procurement organizations to manage effectively.
University College, the college of professional and continuing studies at the University of Denver, is offering a new major in global commerce and transportation, as part of its Bachelor of Arts Completion Program (BACP).
You've seen it in movies, and possibly in real life as well. A desperate gambler, down to his last chance, stakes everything he has on one play. And while the scene makes for great drama, it rarely goes well. The lesson: never bet the store.
Although organizations must connect suppliers and customers around the globe, managing worldwide supply chains can cause cost increases and operational challenges, However, Aberdeen Group's latest research, entitled 2012 Best Practices for Closing the Loop on Multinational Transportation Procure to Pay, identifies best-in-class behaviors that enable the top 20 percent of performers to reduce invoice cost, yet process and pay faster than competitors.