Supply Chain

Supply Chain

Success in Global Sourcing: Making a List and Checking It Twice

The ability to offshore, nearshore, onshore, or insource (producing at the organization's own location) is a critical business capability that can reap significant revenue and profit growth -- or significant headaches. Organizations today and in the future must be able to purchase, ship, store, and manufacture goods at and from various locations throughout the world based on the lowest ultimate...

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Supply Chain

Procurement Retools its Focus to Innovation and Value

Chief procurement officers (CPOs) and procurement teams: Hang on. Change is coming. New research by The Hackett Group shows that while some things will stay the same for procurement, others are going to be very different. The research also provides procurement with a road map going forward. The Hackett Group 2014 Procurement Key Issues research is based on a study conducted in late 2013. Study...

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Supply Chain

Saving Money Like a Madman on Wireless Spend

Image of Earl Muntz in his "madman" persona, on Wikipedia. Earl Muntz, born in 1914, was a constant tinkerer and a man with wildly varied business interests. Throughout his business career, he was widely recognized for his entrepreneurial skills and boisterous character, with his "Madman Muntz" used-car lots putting him on the map in the 1940s. Automobile production stopped in 1942 due to war...

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Supply Chain

Small Changes through Kaizen Yield Spectacular Results

Charged with leading process improvement? Stop beating yourself up over it! That's the thinking of Dr. Tom DePaoli, management program director at Marian University in Fond du Lac, Wis. DePaoli, also the CEO at business consulting firm Apollo Solutions, is the author of the new book Kaizen Kreativity (Oops!)--Don't Be Afraid of Looking Stupid. I'm an Expert at It.While the responsibility may seem...

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Supply Chain

Supply Chain Management in the U.S.A. Means Continuous Improvement

Charlie Braun liked his client's company so much he joined it. Banneker Industries, the North Smithfield, R.I., supply chain management company, has locations across the country, including a new facility in Huntsville, Ala., supporting the U.S. Army's Redstone Arsenal. Banneker specializes in supply-chain-related 3PL (third-party logistics) services, supporting domestic and international...

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Supply Chain

Settling the Score: How to End Frustration with Supplier Scorecards

Supplier scorecards have been a critical piece of any supplier relationship management program for decades. They can be a very effective tool for virtually any industry and every type of spend. When done well, they can drive supplier performance to levels that truly impact your company's bottom line. So here's a question. Why is it that everywhere you look, e.g., industry conferences, LinkedIn...

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Supply Chain

A Look at the ISM Original Purchasing Practice Standards, Part 2

The Institute for Supply Management-New York celebrated its 100th year in 2013 and as part of its centennial, it presented historical documents that included the "Principles and Standards of Purchasing Practice." The group, from which the national ISM organization was borne, went through several iterations before becoming the fixture of ISM-New York. Written when the group was known as the...

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Supply Chain

Defining the Incoterms and Their Impact on Total Landed Cost

[Editor's Note: This is the fourth article in a series covering topics related to total landed cost by contributing writer Marilyn Gettinger. See links to her first three articles at the end of this article. The International Chamber of Commerce published the first set of International Commercial Terms, or Incoterms, in 1936. The objective was to standardize the business vocabulary used in buying...

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Supply Chain

Can E-Sourcing Break the Bonds of E-mail?

Credit: ddpavumba at FreeDigitalPhotos.net Self-service e-auctions are a great technological path for any company, as the advantages derived from more efficient negotiations are easy to relate. The real challenge is on the full e-sourcing software suite. Electronic Request for Quotations (eRFQs) are a great example. The benefits from eRFQs come from the centralization of data, auditability, and...

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Supply Chain

All Systems Go with SciQuest Integration, Company Says

Credit: Suat Eman at FreeDigitalPhotos.net SciQuest, the Cary, N.C.-based supplier of procure-to-pay spend management software, is predicting that as much as half of its customer base will be mobile users within four years and therefore steering development efforts toward tablet-friendly products. Speaking to ThomasNet News at its recent NextLevel 2014 user conference in Orlando, company...

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