Have you ever bought something where price wasn't the deciding factor? A cup of coffee because it tastes better, perhaps? Or maybe a pricier mechanic's services because you trust him? Purchasing decisions in our lives aren't black and white, and they shouldn't be in corporate purchasing departments either.
Spend analytic projects are often driven to meet key goals of the chief procurement officer and procurement organization, chiefly cost savings. However, there are also many different possible uses or goals for spend analytic tools and projects, which might be driven by other executives or offices as well.
Low-cost apparel retailer Primark wasn't content with just a tool for capturing ocean transportation bids. It needed a reliable way to commit weekly business to select carriers so they would be available when it needed them prior to the peak holiday shopping season.
Each disruption in global supply chains seems to bring a new surprise. On March 31 of this year, it was an explosion and fire at a chemical plant in Marl, Germany. The incident at the factory of Evonik Industries resulted in the deaths of two workers and caused damage that will take all summer to repair.
Buoyed by growth and confident in their futures, American manufacturers are laying out an agenda for restoring their industry to its earlier glory, according to results of ThomasNet.com's newest Industry Market Barometer (IMB). Overwhelmingly, they are pushing to revitalize the American manufacturing sector by creating jobs at home, doing business with U.S. suppliers, and expressing pride in the quality of products that are "Made in America."
IFS, a vendor of enterprise resource planning (ERP) systems based on service-oriented architecture (SOA) technology, has developed IFS Applications 8, the latest version of its offering for manufacturing industries.
A simplified "Product of Canada and the USA" labeling system should apply to beef and pork as well as livestock raised, processed, and traded between Canada and the United States, says a study released by the Fraser Institute, a Canadian public policy think tank, and the Competitive Enterprise Institute of Washington, DC.
Why are many companies choosing to outsource a variety of logistics functions to a single provider? They recognize the positive impact that integration can have on their company's supply chain, according to a new study just released by Saddle Creek Logistics Services.
Camstar Systems Inc. has released the NPI (New Product Introduction) Accelerator for manufacturers. The tool is intended to help users design, test and speed up the NPI process.
U.S. manufacturing has been one of the few bright spots of the recovery, restoring 489,000 jobs since the beginning of 2010. However, there are some significant geographic distinctions in that recovery, says a recent report.