There are many, many things that can go wrong in today's extended supply chains, a reality that can make managing supply chain risk seem overwhelming, says Richard Sharpe, CEO of Competitive Insights.
An effective procurement process begins with having all spend under control, including money spent on logistics and transportation, says Nick Seiersen, president and CEO of Seiersen Enterprise. Overall, such a process should ensure that the right suppliers provide the right products or services on the right terms, he says.
The business consultancy Accenture has agreed to acquire Octagon Research Solutions Inc., a provider of clinical and regulatory information-management services and software to the pharmaceutical industry.
Over the last five years, the word "hedge" has become something of a dirty word. Think hedge funds - those massive, unregulated accumulations of capital that played a key role in bringing about the Great Recession. The idea of protecting oneself against adverse economic conditions seemed sound, but it quickly mutated into a bewildering flurry of transactions that ended up creating more risk than they were designed to mitigate. What's more, the original concept behind hedge funds became watered down to the point that many today aren't really "hedging" against anything. They're simply a means for investors to park their money with a trusted fund manager who might or might not repay that trust in the form of steady returns - all with minimal regulatory oversight.
Logistics companies and their clients run the risk of prosecution under the UK Bribery Act which was passed 12 months ago, according to research carried out by GoodCorporation.
Paul Vanderspek, clinical professor at Colorado State University, offers some valuable strategies for alleviating risk association with potential supply disruptions.
Dell and Intel released findings from the final phase of a multi-year research effort that shows IT consumerization is dependent on an open-minded approach by organizations, and most likely to succeed with specific, pre-defined parameters.
The U.S. Department of Commerce says it will impose tariffs on some imported appliances from South Korea and Mexico after it determined that some products are being dumped on the U.S. market.