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Global Supply Chain Management: Page 722
TNT Express Opens New Center in Romania
TNT Express has opened a new hub near Romania's third largest airport, Traian Vuia International Airport, in Timisoara. TNT Romania said its new Timisoara Centre was built to provide operational and technological support specifically for high-performance express services.
Supply Chain Finance Provider Releases New Version
PrimeRevenue Incorporated, a provider of a SaaS platform for global supply chain finance, announced the release of version 5.5 of its OpenSCi SCiSupplier platform.
Four Indonesian Airports to Adopt New Airfreight Security
Four of the busiest airports in the country will get tightened cargo security this year to enhance screening of dangerous items, a move that raises concerns from business people who say the extra measure will make the current "slow" service even less efficient.
Linking Sustainability with Financial Outcomes in CPG
Analyst Insight: Sustainability has been on consumer packaged goods executives' minds - and part of their strategic plans - for some time now. In the past, many companies have pursued sustainability because they saw it as the right thing to do. At the same time, sustainability also creates positive morale among employees, helps to meet regulations such as those for emissions, and boosts companies' reputations. But only recently has sustainability truly been connected and aligned with financial performance. - Bruce Tompkins, Executive Director, Tompkins Supply Chain Consortium
In Customer Relationship Management, You Must Adapt to Stay Relevant
Analyst Insight: Even a solid collaborative relationship between the buyer and the supplier can struggle if the consumer somehow gets lost in the cloud or pigeonholed on a complicated supply chain dashboard. The key is to listen to your customers constantly and set up communications frameworks within an adaptable governance structure to include and maintain a customer-centric focus. - Kate Vitasek, faculty, University of Tennessee's Center for Executive Education, and Founder, Supply Chain Visions
Focus on Product Grows, But Cost Reduction Remains Key in CPG Industry
Analyst Insight: In a recent supply chain survey conducted by IDC Manufacturing Insights, consumer products manufacturers consider themselves stewards of product quality more frequently than of either cost or service. Interestingly, the gap between companies that consider themselves primarily stewards of product quality versus cost is narrowest for the large enterprise manufacturers, suggesting that for the smaller players, it is the product itself that drives competitive success in the marketplace. - Simon Ellis, Director, Supply Chain Strategies Practice, IDC Manufacturing Insights
Lean Is About More Muscle, Not Just Less Fat
When people are asked to define lean, as often as not the definition centers on waste. But lean isn't all about waste. It is more about building organizations than trimming them. A popular definition is "do more with less."
You Don't Have a Big Data Problem. You Have Hundreds of Little Data Problems
Many manufacturing and distribution companies are wrestling with the enormous challenge of Big Data, trying to turn mountains of data into actionable information. And while some companies curse the landslide of data overwhelming their organizations, others look to capitalize on what they realize is an opportunity to better understand their customers, suppliers and costs. But the challenge is more nuanced than sculpting a huge collection of unwieldy data.
Stung by Meat Safety Scare, Yum Brands Jettisons Some Suppliers in China
Yum Brands Inc. said is dropping some suppliers of its KFC restaurants in China as it tries to reassure consumers in that country who were scared off by a chicken safety scare last month.
In 2013, Transfer Pricing Is No. 2 Headache for Multinationals' Tax Directors
What's been keeping tax directors of large multinational corporations up at night recently? The same issue that provided millions of dollars in tax relief a few years before: transfer pricing.
Chief Executive of Maersk Focuses on Improving African Infrastructure
The CEO of Maersk Group toured Nigeria, Angola and Ghana in a bid to focus on African infrastructure improvements. As African economies boom, infrastructure improvements become more important to turning the growth into sustainable development, and Maersk is planning to take a role in this transition.
Managing Intersection of Marketing, Operations Is Strategic Lever to Competitive Advantage
Analyst Insight: Simply stated, the marketing mission of any business is to profitably create "something" that a customer will buy. The operational objective of the business is to deliver the "something" to the satisfaction of the customer. The financial objective is to charge a fee equivalent to the customer's perceived value while generating a return on the capital investment the business made to create "something." - Rich Sherman, Supply Chain Discipline Expert at Trissential
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