Consider supply chain management a large puzzle comprised of many pieces. One major piece that many organizations find essential to form a complete picture is strategic sourcing, which involves the ongoing evaluation of purchasing activities and a commitment to look at all qualified solutions for both direct spend (costs associated with raw materials and parts for goods) and indirect spend (costs necessary for supporting production).
As we move into the heart of the holiday shopping season, consumer packaged goods (CPG) providers are once again faced with the challenge of matching supply with uncertain demand. How can they avoid the twin threats of stockouts and excess inventory at this crucial time of the retailing year? It's a delicate balance indeed.
The National Council of Chain Restaurants issued the following statement from NCCR Executive Director Rob Green on the Environmental Protection Agency's proposed Renewable Fuel Standard (RFS) volume mandate for 2014:
The Environmental Protection Agency's proposed adjustment to the Renewable Fuel Standard volume mandate is an implicit recognition that the ethanol mandate is out of sync and out of touch with current market realities. With this proposal, the EPA is essentially saying, 'if you like your 15-billion-gallon corn ethanol mandate, you can keep it.'
Amazon's announcement of Sunday delivery effectively turned the traditional e-commerce world upside down. It truly is a game-changer, not only for online retailers but also for brick-and-mortar stores that are battling for their share of sales this holiday season.
Small and medium-sized enterprises are key drivers of growth in Asia, but they are hindered by inadequate access to finance, particularly from large banks. However, the Malaysia Institute for Supply Chain Innovation (MISI) has developed a framework for helping banks to tap into this vast market.
Over the past 30 years, most companies have added new C-level roles in response to changing business environments. The chief financial officer role, which didn't exist at a majority of companies in the mid-1980s, rose to prominence as pressures for value management and more transparent investor relations gained traction. Adding a chief marketing officer became crucial as new channels and media raised the complexity of brand building and customer engagement. Chief strategy officers joined top teams to help companies address increasingly complex and fast-changing global markets. Today, the power of data and analytics is profoundly altering the business landscape, and once again companies may need more top-management muscle.
Suppliers to the office furniture industry better start paying close attention to the materials going into the pieces they're making.
That's because the sustainability programs being implemented by the office furniture OEMs in West Michigan and beyond are increasingly demanding the suppliers provide more detailed information about the chemicals that go into their products.
Using cutting-edge pulp molding equipment, researchers at Bangor University have begun a process of heating mixtures of ryegrass to press and mold into prototype fruit and vegetable packaging products.