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Think Tank
Business Strategy Alignment: Page 454
Europe's Economy Continues to Stumble in Efforts to Recover
European Commission delivered a bleak assessment Friday of Europe's economic prospects, saying that growth would be just 0.1 percent in the 27-nation European Union in 2013 and that the 17-nation euro zone would shrink 0.3 percent over the same period.
Moving from Marketing-Driven to Market-Driven Supply Chains
Analyst Insight: The corporate goal is to drive profitable growth. Growth happens through success in new products, capturing market share in emerging markets or brand building in existing regions. To make these initiatives successful, the supply chain matters more and more; however, the greatest success happens when companies shift from marketing-driven to market-driven value networks. In market-driven value networks, companies build the capabilities to listen, test and learn in vitro with zero data latency to maximize market opportunity. - Lora Cecere, Founder of Supply Chain Insights
Leaders Must Develop Value-Creating Strategies Across the Supply Chain
Analyst Insight: In order for businesses to succeed in an increasingly competitive marketplace, they must find new ways to add value. At John Deere, that means collaborating with dealers to expand the brand from selling equipment to offering solutions that improve the productivity of farming. For leaders in supply chain management, it means developing strategies that create value across the supply chain through innovation, responsiveness and agility. - Robert D. Boyle, Director, John Deere Chair, APICS The Association for Operations Management
Evolving the 3PL-Shipper Relationship
Analyst Insight: The talk in outsource circles these days continues to revolve around the need for bigger and better collaboration and innovation. Some articles talk about the end of outsourcing, but what they mean - and a better way to put it - is to think about the end of outsourcing relationships as we know them. - Kate Vitasek, faculty, University of Tennessee's Center for Executive Education. and Founder, Supply Chain Visions
Supply Chain Is the Weakest Link in Indian Retail Industry
Analyst Insight: With the government of India recently liberalizing foreign investment into the country's retail sector, many global retailers are eyeing the country as the next expansion opportunity. The experience of early entrants into India's organized retail has shown that supply chain inefficiencies are among the top hurdles to profitability. The unique Indian context requires creative sourcing approaches and significant investment in training and retaining local skilled supply chain talent. - Viktoria Sadlovska, Chief Research Officer, Prameya Research
How to Extend the Life of Your Distribution Assets
Mike Perkins, vice president of fulfillment and manufacturing with L.L. Bean, explains how the company was able to postpone building a new distribution center, despite an increase in sales.
A Talk With the Navy's Supply Chain Commander
Rear Admiral Mark Heinrich, commander of the Naval Supply Systems Command and chief of the Supply Corps, reveals what it's like to oversee one of the world's most complex and critical supply chains.
LLamasoft Debuts Mobile Design and Visualization Modeling Tool
LLamasoft, a vendor of supply-chain design software, has introduced Supply Chain Sherpa.
Okay, We Need Management Commitment. So, How Do We Get It?
Supply Chain Management is a "tale of two cities", Leader City and Laggard City. Residents of Leader City, according to benchmarks from APQC, outperform their median competitors with an overwhelming cost and performance advantage. As you navigate the journey to Leader City, at some point, you are going to have to obtain management commitment as evidenced by the fact that we've all been to dozens of case study presentations at conferences over the years. What do they all have in common? You have to have management commitment to be successful. What they never tell you is how to get it! Here's one of the secrets to gaining management commitment that Rich Sherman reveals in his new book. Material excerpted from Supply Chain Transformation: Practical Roadmap to Best Practice Results, by Richard Sherman, 2012. John Wiley & Sons, Inc. Reprinted with permission.
Will $9 Per Hour Reduce Illegal Immigration?
President Obama didn't draw the connection in his State of the Union address, but his plan to raise the minimum wage might help him with his plan to curb illegal immigration.
Treating Customers Poorly Can Cost as Much as 20 Percent of Your Annual Revenue, Report Finds
A global research study by Oracle has found that brands could lose as much as 20 percent of their annual revenue due to poor customer service, with 95 percent of executives agreeing that delivering a great customer experience is critical to business results.
Proposals in State of Union Speech Could Have Big Impact on Retail World
President Obama didn't mention the word "retail" a single time in his State of the Union address. But retailers could nonetheless be widely impacted by proposals put forth in the annual speech to Congress, ranging from promises to create jobs and grow the economy to a plan to increase the federal minimum wage that is drawing headlines this morning.
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