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Global Supply Chain Management: Page 756
Retailers, Grocers, Restaurants 'Miss Major Opportunities' to Cut Costs and Improve the Bottom Line
Is ignorance bliss when it comes to sourcing? A recent poll of buyers in the retail, grocery and restaurant chain industries found that 75 percent of those not using e-sourcing methods are confident that they're getting the best value from their suppliers. But they're wrong, according to a report from Intesource. A suppliers' true rock-bottom price is almost always far lower than a buyer suspects. And it's even more likely another qualified source may be hungrier for new business. Buyers just need to know how to shift the tables.
U.S. Companies Continue to 'Play Year-End Games' With Receivables, Payables and Inventory
Many large U.S. companies continue to try and "game the system" at year's end, artificially improving their balance sheets by manipulating receivables, payables and inventory, according to a study from REL, a division of The Hackett Group. Their efforts, which can range from deep discounting and extended payment terms on sales to simply "losing" supplier bills, do have a positive impact in Q4, the study found. But these companies pay a harsh price in Q1, when working capital performance bounces back to even worse levels than before.
Making the Case for Screening as a Service at Ocean Ports
The primary business of a port is serving as a hub for water-borne commerce and all of the logistics that entails, with each port competing for the business of shippers and container operators. Every investment made by a port authority, from a crane to a dredge to a security checkpoint, must be based on how this activity will not only position the port to current customers, but how it will affect the attraction of future customers.
Food Manufacturers Reduce Sugar, Salt Content, But Fight Back on Sugary Drink Ban
The food and beverage industry has made some major moves in recent days in the struggle over super-sweet products. Major cereal-makers Nestle and General Mills pledged to cut sugar and salt content in children's breakfast cereals abroad, while soda and restaurant trade groups sued to stop a New York City ban on sales of large sugary drinks.
University Health System Uses RFID Technology to Track Valuable Mobile Equipment
Early in-house studies conducted by Shands at the University of Florida, a health system operated by the school, indicates that an asset-tracking solution installed at its three facilities in Gainesville has reduced the number of hours that its emergency department staff spends searching for missing equipment by 98 percent.
IMO Rules 'Should' Be Subject to Impact and Sustainability Assessment, Says ICS
There are clearly identifiable steps needed to enhance shipping's already very impressive record of maritime safety, says International Chamber of Shipping Secretary General Peter Hinchliffe. There should be mandatory provisions to provide a place of refuge for ships in need of assistance, plus timely and obligatory reporting of casualty investigations by Flag States to the International Maritime Organization, replicating the handling of aviation incidents. In addition, environmental protection and crew and passenger safety can be addressed better by raising the current level of guidance on providing a place of refuge to a new level of obligation, he said.
Fresh-Food Retail-Wholesale Platform Links with Provider of Traceability Solutions
FoodLink, a buying platform that connects fresh food retailers and wholesalers to a network of more than 2,000 supplier companies, will acquire TRUETRAC, a provider of mobile traceability solutions to growers, harvesters, packers and shippers of fresh-packed produce. The combined company will be the food industry's first integrated network for produce traceability that links crop planning, harvesting, packing, order management, shipping, receiving and individual item tracking from the field to the supermarket checkout line.
Supply Chain Transformation Hits a Brick Wall …
Supply chains are driving fundamental and transformational changes in today's organizations. More than that, supply chains challenge the very mental models and core processes that guide most of what people do at work. They challenge the prevailing organization paradigm, requiring significantly more focus on customers, horizontal relationships, integrative thinking, and dynamic and continuous adaptation. These values are difficult to consistently reinforce and support in siloed structures and can't be changed by sophisticated technology alone. Thus, all the promise of supply chain transformation hits an inevitable brick wall!
Supply-Chain Talent: Today's Ever-Changing Requirements
David Ecklund, director of the Global Supply Chain Executive MBA program at the University of Tennessee, shines some light on the difficult issue of managing the "talent supply chain." He specifies the core competencies that are required of today's supply-chain professionals.
China's Economy Continues Its Slowdown, Affecting Companies Worldwide
China grew at its slowest pace in 31/2 years, the latest sign that the nation long famed for its economic miracle is still struggling to pull out of a steeper-than-expected slide.
International Air Cargo Association to Work More Closely with World Civil Aviation Group
The International Air Cargo Association (TIACA) and the International Civil Aviation Organization (ICAO) have committed to enhanced cooperation in the field of air cargo transportation.
What's Driving the Evolution of Supply Chains?
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