Avetta, a provider of supply chain risk management software, is launching an intelligent supplier classification tool in order to pair different suppliers based on the safety and certification requirements for the services they offer.
Happy with its longstanding relationship with Logility on the demand side, Johnson Controls Power Solutions looks to Logility to give it a centralized, more holistic view of its supply side operations, says Corey Graven, Executive Director, Suipply Chain, North America.
Analyst Insight: An enterprise-wide global trade strategy increases supply chain cost and service performance for all trading partners and enables importers and exporters to comply with mandatory trade and security regulations. Companies that prioritize best-in-class global supply chain trade practices, maintain effective global transport / trade organizations and employ enabling technologies are the best positioned to capture the economic and brand benefits available in growing and changing global markets. - Don Anderson, Principal, Tompkins International
Major shifts in cost competitiveness around the world over the past decade are starting to spur a number of companies to change their global sourcing and manufacturing investment strategies, according to The Boston Consulting Group's report, The Shifting Economics of Global Manufacturing: How Cost Competitiveness Is Changing Worldwide.
Few decisions have as much power to make or break a product's success and profitability as those around the sourcing of direct materials. The components, parts and assemblies that go into making products not only account for 70 percent of an average manufacturer's annual spend, they have a significant impact on such critical competitive factors as brand reputation, time to market and supply chain reliability.
A 2010 University of Florida study found humans began wearing clothing 170,000 years ago. Someone made those clothes from something, and that was the start of raw materials management. One could liberally argue early cave paintings of fur-bearing animals were the first inventory monitoring systems. RMM has come a long way, but we can do better.
This year Western firms' giant bet on the emerging world will come under more scrutiny. Most multinationals are profitable in emerging markets. American firms, for example, made a 12 percent return on equity in 2012, roughly in line with their global average. But having grown fast, profits are now falling in dollar terms.
America's chain restaurants this year plan to ask customers to dig a bit deeper into their pockets, hoping to offset higher food costs and put a bit more cash in their wallets, according the latest national menu price survey conducted by restaurant supply chain co-op SpenDifference.