Ten years ago, Continental Tire realized that manual, paper-based communications with suppliers weren't getting the job done with efficiency and accuracy. So it turned to an EDI-based business network for help.
Blount International, a maker of farm, forestry and gardening equipment, needed to get a handle on its global logistics spend. A performance-management tool from Trax Technologies cut costs and helped the company to take a long-range, strategic view of operations.
For all the talk of "collaboration," the relationship between buyer and supplier in the supply chain is often more like a tug of war: in the end, one side wins, and the other loses.
Effective supply chain communication is critical to virtually every area of your manufacturing business. Relationships between suppliers and OEMs can sometimes be tenuous but they require intense collaboration to work.
When it comes to assessing the impact of business practices on the environment, the bar is being raised. Mere sustainability is no longer enough: now it's all about becoming "net positive."
As global companies increasingly explore dynamic discounting solutions to improve their operating income and provide much needed working capital flows to their supply chain, questions often arise about how government regulations and accounting standards come into play.
The largest public companies in the U.S. chose to go even further into debt in 2015 instead of driving cash out of their businesses by improving how they collect from customers, pay suppliers and manage inventory, according to the annual working capital survey from REL, a division of The Hackett Group Inc. Overall working capital performance continued to degrade, reaching poorest performance levels since the 2008 financial crisis.
The latest news, analysis, trends and solutions regarding sourcing, procurement and supplier relationship management (SRM) and their impact on supply chain management. New technologies in sourcing and procurement are transforming the way companies do business - and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency, cut costs and build more strategic partnerships. Learn how companies around the world are using sourcing, procurement and SRM solutions for supply chain optimization.
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