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Candy makers Just Born Inc. and The Hershey Company took different approaches to network optimization: One used a customized software package, while the other chose a commercially available solution. Here's why they made those decisions.
When was the last time you reviewed your outsourcing agreements? Taking a fresh look at those contracts can help you cut costs in tough economic times.
Your usual ways of doing business and managing suppliers may not be effective in China. Here's advice on developing and maintaining strong supplier partnerships in this important trading nation.
Government decision makers rarely consider the impact of infrastructure investments on supply chains. But they should: Failing to do so will stifle a nation's economic competitiveness.
Like many electronics companies, Teradyne has outsourced the production of its high-end equipment. But that doesn't mean it has given up control of its supply chain. Far from it.
The supply chain profession needs a more comprehensive model for measuring the effectiveness of both internal and external supply chain management. Current models don't quite do the job, the authors contend.
Forget low-cost country sourcing as a strategy. Today, a comprehensive approach to procurement requires that companies also consider total supply chain costs and lead times. This means that the most profitable source may be close to home.
Companies need to stop beating down suppliers on costs and collaborate with them to control costs for both parties, says Jimmy Anklesaria in his book, Supply Chain Cost Management: The AIM & DRIVE Process for Achieving Extraordinary Results. In this excerpt, he explains how companies can get this process going. The most important steps include understanding how suppliers price their products and identifying suppliers' critical supply chain costs.
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