Companies are rushing to take advantage of low-cost country sourcing, but the right processes and technology must be in place before expected savings can be realized.
Companies need to look beyond best practices to find competitive advantage in their supply chains. A project at MIT called Supply Chain 2020 is searching for the hidden principles that will guide supply chains now and into an uncertain future.
Spend management applications give companies visibility to how and where money is being spent in the supply chain, and they identify and enable numerous ways to save.
The shift of manufacturing to China and elsewhere is lengthening supply lines and complicating the job of logistics managers. Here are some of the major problems that result-and some proposed cures.