Arena Solutions, a vendor of cloud-based product lifecycle-management (PLM) software for managing bills of materials (BOMs), has forged a partnership with Octopart, a search engine for electronic parts.
As a tier one automotive supplier, Active Tools International knows the importance of avoiding and mitigating supply chain disruptions. Bill Keller, president of global operations, says the company has developed written risk mitigation plans that emphasize the use of dual sourcing of parts.
In the last year the headlines have been full of news about global supply chains and the disasters affecting them. From the Thai floods to the Japanese tsunami, to the tornadoes in Wichita and the Nylon-12 plant explosion in Germany, several fundamental truths about global supply chains have been made more apparent.
Back in the 1990s there was a popular series of picture books with an unusual twist. When you looked at the pictures on the surface you would see an intricate two-dimensional image that was mildly interesting. But if you learned how to look past the surface, suddenly a much richer and deeper three-dimensional image would reveal itself. Seeing it took extra work - some people would get very frustrated when they couldn't get it to appear - but the reward made it worth the effort.
There are good reasons why a formal process for conflict resolution is necessary in the context of supply chains, says Stewart L. Levine, founder of ResolutionWorks. The very nature of supply chains, with their panoply of internal and external partners, gives rise to conflict. What's needed, he says, "is a conversational process whereby you can teach people how to move through conflict."
Ariba Inc. has developed an updated version of its collaborative commerce platform. The new Ariba Network will include a "consumer-like" buying interface which gives requisitioners real-time access to the data needed to making buying decisions, the vendor said.
According to a recent survey of more than 200 global finance executives, the use of business networks and the technologies underlying them is helping to transform procurement from a tactical function to a strategic contributor to company success. "Procurement has traditionally been recognized and rewarded solely on the basis of its cost-cutting ability," said Sam Knox, senior vice president and director of research at CFO Publishing. "But through the productive use of automated systems, the function has been able to move beyond simply meeting savings targets to help address larger, more-complex issues such as managing cash and capital, managing risks to business performance, and expanding into new markets or business lines."