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SC Finance & Revenue Management: Page 180

Global Transportation Solutions Help Companies Reduce Cost and Pay Invoices Quicker

Although organizations must connect suppliers and customers around the globe, managing worldwide supply chains can cause cost increases and operational challenges, However, Aberdeen Group's latest research, entitled 2012 Best Practices for Closing the Loop on Multinational Transportation Procure to Pay, identifies best-in-class behaviors that enable the top 20 percent of performers to reduce invoice cost, yet process and pay faster than competitors.

Encompass Global Logistics Creates Mobile App for Cargo Management

Encompass Global Logistics LLC, a third-party logistics provider specializing in the trans-Pacific trade, has launched a mobile application for cargo management, compatible with all Apple iPhone, iPad and iPod products.

Sustainability Execs Fear Shortages of Natural Resources Will Affect Their Supply Chains in Near Future

Ernst & Young reports that 83 percent of respondents to a recent survey say they are engaging their supply chain in sustainability. In addition to this, 76 percent anticipate natural resource shortages, including water, will affect their core business objectives over the next three to five years, according to the canvass of "corporate sustainability leaders."

Oracle Debuts JD Edwards EnterpriseOne Mobile Expense Management

Oracle Corp. has developed a mobile expense-management software application, under the JD Edwards EnterpriseOne brand.

Inttra Debuts Multi-Party Electronic Bill of Lading for Ocean Freight

Inttra, provider of an independent platform for booking and managing ocean freight, has created what it says is the industry's first standardized electronic bill of lading.

Avnet Electronics Marketing Launches Supply-Chain Diagnostic Tool

Avnet Electronics Marketing Americas has launched the Rapid Benefit Escalation Tool (RaBET), enabling customers to model the cost savings to be derived from the use of Avnet products.

Who's to Blame for Ocean Carriers' Losses?

Back in the early 1980s, when I was new to the world of transportation, logistics and the supply chain, I recall ocean carriers complaining that their freight rates weren't high enough to meet operating costs, let alone generate a profit. They were begging shippers to accept higher rates, in exchange for greater service reliability. Yet every time they would achieve some traction on the rate front, they would flood the market with new capacity, and offer deep discounts in order to fill the new ships. Then they would appeal to shippers for higher rates ...

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Case Study Shows Ralph Lauren Embraces Airfreight Optimization

With $12bn in brand revenue, Ralph Lauren was facing the challenge of coping with rapid growth, both at the wholesale and retail levels. Complicating matters were the apparel leader's broadly diverse customer base, geographic coverage and product array.

Spend Analysis Has Improved Greatly, But We Still Need Better, More Complete Data

Modern spend analysis systems are capable of incorporating a huge variety of types and sources of data - everything from supplier data to contracts, purchasing transactional data, financial data, risk data, and much more. However, the power of these systems is often limited by the availability, completeness, and quality of spend-related data from source systems.

Mix of Benefits, Additional Costs Flow from 'Green' Procurement

Analyst Insight: In recent years, an increasing number of organizations have sought to make their supply chains more environmentally friendly. According to APQC's Open Standards Benchmarking in procurement, 48 percent of organizations initiated "green" procurement policies as of fall 2011. As organizations feel more pressure to monitor their environmental impact, they must consider the potential effect of enacting green procurement policies on their bottom line. - Becky Partida, knowledge specialist, APQC

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Aras Unveils Cloud-Based Replication Technology for PLM Platform

Aras, a vendor of open-source product lifecycle management (PLM) software, has made available cloud-based replication technology for Aras Innovator, developed by Ilesfay, a provider of data-replication services for organizations with distributed work groups.

A New Study on Supply-Chain Risk

ImpactFactor recently completed a study on supply-chain risk, surveying managers of more than 100 companies. The results were not encouraging. According to managing director Bill McBeath, many companies don't consider proactive risk-management to be a strategic tool. He was "shocked" at how level their level of investment in that area was, with half reporting expenditures of $50,000 or less to audit and assess suppliers. "Not a single one spent more than $3m," he says. "Given the huge potential impact [of risk] on their shares, we believe companies are seriously under-investing."

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