Imagine if an enterprise in the United States was able to access vital product line information of a subsidiary plant in India or a crank shaft supplier being able to locate its component in an automobile across the globe or a machine being to self-assemble at the end destination. Technology advancements over the last decade have paved the way for all of the above situations to be executed in repeatable fashion.
By now, all manufacturers are fully up to speed on the Securities & Exchange Commission's new rule about disclosing the presence of conflict minerals in their products ... aren't they?
As the global economy picks up, working capital optimization will continue to be a high priority for corporate treasurers in 2015. In their drive for competitive advantage, treasurers are increasingly looking beyond the traditional forms of finance to explore a wider range of alternative funding options that support their working capital requirements, ranging from supply chain finance (SCF), to trade receivables securitisation (TRS), to factoring.
Scott Olson, vice president of manufacturing and supply chain services with 3M, describes the company's approach to "disruptive technology," as well as the structure of its Center of Excellence.
Amazon reportedly will open a brick-and-mortar shop in Midtown Manhattan in time for the holiday shopping season and that it will be a place for customers to return products, make exchanges or pick up their online orders.
Managing carbon emissions in your supply chain is a constant challenge. You may have control over your own facilities and operations, but it's hard to influence the sustainability practices of third-party carriers and 3PLs.
Your request for proposal (RFP) process provides a powerful (and frequently untapped) lever. By including language about registering with EPA's SmartWay Transport Partnership, you can use your RFPs to encourage truck, rail, logis-tics, and multimodal carriers to participate in SmartWay and help you quantify your supply chain’s carbon footprint at the same time.
Businesses are continuing to shift resources from brick-and-mortar and other traditional sales channels to an e-commerce environment. What began primarily for business-to-consumer shopping is being emulated by merchants in the business-to-business sector, and has thus far been successful.
Think of the typical corporate merger as the meeting of two ocean liners. It's tough enough to combine the crews. But how do you mash together two engine rooms?
Despite ongoing economic and business environment challenges, world-class procurement organizations continue to outperform the peer group by a wide margin, up to $6m in cost savings for the typical large company. They deliver services at 19 percent lower cost with greater effectiveness and require 27 percent fewer full-time-equivalents (FTEs) per $1bn in spend. For many, efficiency gains have reached their practical limits. What's next?