For many companies supply chain innovation (SCI) is a key source of competitive advantage. Yet there is no clear, commonly accepted definition of the concept; one company's SCI is another company's process improvement.

When the MSC Napoli ran aground off the UK's south coast in January 2007, 137 out of the 600 containers it was carrying on deck were at least 10 percent heavier or lighter than was declared on the ship's manifest. In another high-profile accident, the capsizing of the Xpress Container Line vessel Deneb during unloading at Algeciras in June 2011, an even higher percentage of boxes - 64 out of 150 - were not laden as recorded.

O'Reilly Automotive has been on a strong growth path for the past couple of years. Adding to the retailer's success has been its rate of growth and technology evolvement. O'Reilly has been keeping up with the pace of change by replacing its POS transaction engine, integrating promotions and incentives into the new system for a seamless customer experience and enhancing its electronic parts catalog.

As private equity has expanded over the last 20 years, being able to make a profit from companies has become more difficult. Gone are the days when a good purchase price, a touch of financial engineering and finding a bigger buyer were all it took to make a profit.

The Open Group has published the Open Trusted Technology Provider Standard (O-TTPS), the first complete standard published by The Open Group Trusted Technology Forum (OTTF) and which will benefit global providers and acquirers of Commercial Off-the-Shelf (COTS) Information and Communication Technology (ICT) products.

A new survey by researchers at the University of Arkansas indicates that the healthcare industry's supply chain lags behind the retail industry supply chain and could benefit significantly from adopting several of retail's best practices.