Supply Chain

Supply Chain

A Good RFx Relies on In-House Preparation

Last month, Source One's article laid out what makes for a good RFx. As trends and expectations change and the industry grows to meet them, the elements of an RFx also will change. Based on Source One's opinion, "In-House Preparation" was listed as the most important element. To put it another way, the most important things an organization should do in preparing an RFx is to develop the...

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Supply Chain

Non-Manufacturing Business Reaches Milestone in Growth

The U.S. non-manufacturing sector posted its 44th consecutive month of higher economic activity in August, reports the Institute for Supply Management (ISM). The organization's Non-Manufacturing Index (NMI) jumped 2.6 percentage points from July to 58.6 percent, the highest monthly level since its inception in January 2008. ISM's Non-Manufacturing Business Activity Index also increased in August,...

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Supply Chain

ISM Manufacturing Numbers Rise in August

U.S. manufacturing continues to trend up, according to data for August released by the Institute for Supply Management (ISM) in its monthly Report on Business. The Tempe, Ariz., group's Purchasing Manufacturers' Index (PMI) moved upward for the third consecutive month, increasing 0.3 percentage points over July's index, to 55.7 percent, its highest level of the year. (A reading above 50 percent...

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Supply Chain

What's Really in a Name?

Credit: freedigitalphotos.net Now hear this: An Olympian will lead a PowerPoint presentation detailing the impact of External Resource Management on corporate strategy at the next board meeting. If some terms in this sentence -- External Resource Management, Olympian -- sound unfamiliar in the context of a board meeting, it's because they've probably never been used to describe procurement and...

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Supply Chain

Ocean Cargo Forecast: High Growth, Low Returns

Credit: happykanppy, freedigitalphotos.net The next four years will bring growth but low returns for the global container industry. The reason: while more TEUs (20-ft equivalent units) will be shipped, more ships will be built, adding to the industry's overcapacity. Terminals worldwide will handle 800 million TEUs in 2017, an increase of 180 million units, or 30.3 percent, above current levels,...

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Supply Chain

SciQuest Gets Advanced Sourcing Software in Acquisition

Credit: freedigitalphotos.net One trend in procurement software development is the conversion of complex sourcing data into easily manageable categories of information, thereby speeding purchase decisions and saving time and money. The latest company to offer such a product is SciQuest Inc., of Cary, N.C., through the acquisition of CombineNet, a Pittsburgh-based software developer. The...

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Supply Chain

5 Ways to Supercharge Your Supply Chain Savings

This article courtesy My Purchasing Center. It's August, and many of you are enjoying a much-deserved vacation. For those companies that are on a calendar year accounting basis, the end of summer marks the beginning of the planning process for next year. Alas, once vacation is over, it's time for supply management leaders to begin brainstorming about new savings initiatives for the coming year. I...

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Supply Chain

Chinese Businesses Eye American South for Investment

Credit: Freedigitalphoto.net Procurement officers who source products from China may soon find much of this supply chain operating in Alabama, the Carolinas, and other southern states. Chinese manufacturers are taking steps to increase their investments in U.S. facilities, and many areas of the South are high on their lists of desirable locations. The reasons range from the welcoming attitude of...

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Supply Chain

China Venture To Build Modern Logistics Warehouses

Credit: digitalfreephotos.net Three companies, two of which are based in the U.S., are investing $400 million in a venture to build or further develop 17 modern logistics warehouses in China. Townsend Group, a global real estate investment management company, and Carlyle Group, a private equity firm, are putting up a total of $200 million. The third partner, Shanghai Yupei Group of Shanghai, a...

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Supply Chain

Revised 2Q Figures Show Economic Strength

Credit: freedigitalphotos.net Revised second-quarter figures released yesterday by the U.S. Commerce Dept. show a major improvement in the economy over the first quarter. Real GDP in the second quarter increased at an annualized rate of 2.5 percent, more than double the first-quarter GDP growth rate of 1.1 percent. Analysts generally credit the quarterly gains to greater business investment, more...

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