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Global Supply Chain Management: Page 423

Power in Procurement: Three Approaches to Consider

Analyst Insight: Outsourcing continues to grow, yet the news is full of outsourcing agreements that didn't work as planned. Far too often firms rely solely on power to get what they want. This leads to confusion, resentment, lost productivity, and at times, missed market opportunities. Suppliers and buyers need to better understand the use of power, and how this relationship will impact performance. - Karl Manrodt, professor of logistics and supply chain management, Georgia College and State University

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Predictive Analytics Aim to Transform Supply Chain Risk Management

Analyst Insight: The key to supply-chain risk management is a predictive model that uses enhanced analytics to identify potential risk. This model would allow companies to move beyond historical metrics so they can determine risk for every part and supplier. It also would identify the appropriate response, promoting consistency within the organization. - Sven Dharmani, performance improvement principal and global automotive sector supply chain leader, Ernst & Young LLP

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How a Border Tax Could Divide Boeing and Its Suppliers

A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts.

Foreign Robots Invade American Factory Floors

Vickers Engineering Inc. embodies the potential of American manufacturing. The New Troy, Mich., machining company supplies precision parts to clients including Toyota Motor Corp. and Volkswagen AG , and exports to Mexico and Canada. Its staff has risen fivefold and average pay has doubled over the past decade, says Chief Executive Matt Tyler.

For Tech Industry, IoT Is Changing the Landscape

Analyst Insight: Relatively flat growth over the past several years coupled with margin erosion and heavy M&A activity in the industry has companies looking to the their supply chains for greater efficiencies. Long-tail SKUs and accelerated obsolescence cycles are clogging storage capacity that is needed for expansion of new lines, categories and products to deliver "one-stop shopping" for customers and competitive advantage for distributors. The next competitive edge will come, not from step change, but from transformational projects that deliver unprecedented efficiency and agility. - Chris Mehl, electronics industry leader, Fortna Inc.

Three Steps to Manage and Monitor Logistics Performance

Analyst Insight: The 2016 DC Measures Study from the Warehousing Education and Research Council shows over 35 percent of respondents report to the C-suite, where interest in logistics performance will only increase. To better communicate to the C-suite, logistics needs to focus on managing and monitoring their performance by concentrating on the three pillars of performance management. In order to be successful, we must think beyond simple short-term results and move towards a better model for managing performance. - Joe Tillman, principal research lead for supply chain, APQC

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Amazon to Collect Sales Tax in Most States Starting April 1

After more than two decades of bad blood and legal wrangling between states and the online giant, Amazon will collect sales tax in all states that have such a levy. Collection in Hawaii, Idaho, Maine, and New Mexico, the final four states where shoppers don't pay required tax through the site, will begin on April 1st.

Smart Tools: How Machine Connectedness Will Grow by 2020

Analyst Insight: Internet of Things (IoT) and smart product resellers connect industry networks to the customer. They offer service in addition to supply, and are familiar with product demonstrations, try-before-you-buy deals, how to handle product version changeovers, and many more practicalities of doing business. By 2020, these resellers will need new tools to simplify the buying process because they will be selling to the majority, not just to early adopters. - Peter Thorne, director, Cambashi Ltd.

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Transparency Catalog to Help Manufacturers Earn Green Building Credits

Construction and design professionals will likely have an easier time finding and using sustainable building materials thanks to efforts from two flooring manufacturers: a new product catalog by Tarkett and new product-specific environmental product declarations (EPDs) from Gerflor USA.

Nestlé and Mars Act on Pet Food Supply Chain Abuses

Nestlé and Mars have pledged to take steps to ensure their pet food supply chains are free of human rights abuses and illegally caught seafood, according to Greenpeace.

Industry 4.0: The Five Steps Toward a Digital Supply Chain

If the vision of Industry 4.0 is to be realized, most enterprise processes - manufacturing, product development, customer relations, and the workplace itself - must become fully digitized. A critical element will be the arrival of the digital supply chain.

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Transvoyant Announces Predictive Tool for Supply Chain Risk

TransVoyant has announced its new product TransVoyant Precise Predictive Risk (P2R), a machine learning-based risk management and prediction tool that the software company says enables organizations to monitor, analyze and remediate risks to physical facilities, inventory in motion and in storage, human capital, competitors and extended trading partners around the world.

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How a Leading U.S. Floral Distribution Company Reduced Warehouse Labor Costs by 45% with RFID

Recycled Tagging Fasteners: Small Changes Make a Big Impact

Mobile geolocation service for track delivery, cargo shipment and freight transportation. Logistic Import Export business (Elements of this image furnished by NASA)

Enhancing High-Value Electronics Shipment Security with Tive's Real-Time Tracking

Franchise business e-commerce online e-marketplace or digital marketing branch expansion for growth or use technology to analyze product consumer data website management plan for sale service concept.

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