Maverik is a chain of convenience stores that is currently in an aggressive growth mode. Procurement manager Bart Ward tells how the company is handling the transition, and adjusting its supply chain accordingly.
Retailers, particularly big box stores, are demanding more customized packaging of products, which increases demand for contract packaging services, says Dave Mabon, president of contract packaging at Genco. With margins that average 30 to 40 percent, this presents a huge opportunity for service providers.
Anticipating dramatic growth in its business, the 2009 high-tech start-up acquired an optimization tool that could easily scale up in the years ahead - yet deliver a full range of services in the meantime.
There are big opportunities for companies to save money by optimizing indirect procurement, according to Mark Hillman, global head of market insights and analysis with Procurian. He explains how it can be done.