Web-based spend management solutions can help companies achieve double-digit savings, but software can't do the job alone. To get the best results, companies must balance individuals' expertise with technology.
An online portal allowed Ingersoll Rand's Trane division to achieve better communication with its suppliers. The resulting inventory visibility helps to keep its continuous-flow manufacturing lines humming.
Although collaboration offers many benefits for consumer goods manufacturers and retailers, too often their joint initiatives don't work out. To ensure success, partner companies should take these six actions together.
Too many companies buy warehouse equipment and technology based on a "best case" scenario. Using an "engineered" approach to evaluating the return on investment will provide a more accurate picture of cost and productivity benefits.
There is a need for more efficient supply chain logistics, technologies, and systems to help alleviate the economic and social ills associated with rising and volatile food prices in emerging markets and less-developed countries.