Applying business intelligence (BI) solutions to procurement resolves traditional customer/supplier conflicts and provides a wealth of benefits to both parties. A longtime supply chain executive explains how it works.
When its original logistics and procurement model threatened to constrain its rapid growth, the U.K.-based coffee retailer went all-in: new leadership, new supply chain strategy, new logistics provider, and new software. Here's how it all paid off.
In just a few months, publicly traded U.S. companies will have to report their use of certain minerals and their derivatives to the government. Not ready just yet? Here's how to get your compliance efforts under way.
Outsourcing production overseas used to be a can't-miss strategy. But the combination of changing business dynamics and the original outsourcing assumptions has revealed costs that may prompt companies to re-evaluate their outsourcing decisions.
To develop and maintain collaborative relationships with far-flung suppliers, companies should first segment them, and then implement interaction models that set the rules of engagement. Here's how to apply this approach in your own operation.
Most companies treat all suppliers the same, and they respond too late to supplier-related risk. By segmenting their supply base and basing governance agreements on a supplier's role and importance in the supply chain, they could better anticipate and prevent disruption.
Companies that outsource manufacturing can better control process, product quality, flexibility, and delivery if they have a higher degree of integration with their suppliers. In some cases, it may make sense to bring some manufacturing in-house. A technique called "Krajlic's matrix" facilitates that decision.
To offshore, nearshore, or "reshore"? A total cost of ownership (TCO) analysis can answer that question. For some companies, TCO analyses are suggesting that manufacturing close to the point of consumption is the best choice.
Supply managers who work in the public sector must comply with unique transparency rules. Despite those and other constraints, they can achieve substantial savings by integrating the public sector requirements with privatesector supply chain management concepts.