General SCM > Global Supply Chain Management | SupplyChainBrain

Global Supply Chain Management: Page 819

Report Focuses on Food Safety, Traceability and Government Legislation

Although the Food Safety and Modernization Act of 2010 was passed nearly a year ago, and food and beverage companies have had a significant period of time to calculate and understand its impact, and implement traceability solutions, there are still many issues and processes to be resolved or implemented before food and beverage enterprises can be considered 100-percent compliant.

The Retail Industry's Supply Chain Continues Its Transformation

Analyst Insight: Over the last three years the retail industry has seen a great many changes, helping to streamline retail supply chains and create more cost savings for retailers. This efficiency-driven approach was in large part a response to the "great recession," and it has sustained the industry through these challenging times, putting them in a greater position for success as we look ahead to the future. So where do we go from here? - Casey Chroust, executive vice president, Retail Industry Leaders Association

01 12 cover 30

Juggling Priorities for CIOs in Retail

Analyst Insight: Retailers in 2012 will continue to implement analytic engines. The last two years have seen retailers and CPG companies streamline and rethink their multichannel and merchandising strategies. Improved performance is a reflection of this analytics focus. In 2012, retailers will learn through direct customer engagement through mobile, social and web (omni-channel information) to create products, and market to customers based on shopper insights. - Ann Grackin, CEO, ChainLink Research

01 12 cover 31

Sustainability Execs Fear Shortages of Natural Resources Will Affect Their Supply Chains in Near Future

Ernst & Young reports that 83 percent of respondents to a recent survey say they are engaging their supply chain in sustainability. In addition to this, 76 percent anticipate natural resource shortages, including water, will affect their core business objectives over the next three to five years, according to the canvass of "corporate sustainability leaders."

Three New Free-Trade Agreements Highlight Benefits, Complexities of FTA Management

Analyst Insight: The Congressional bills to implement the U.S. free-trade agreements with South Korea, Colombia and Panama and to renew the Generalized System of Preferences and Andean Trade Preferences Act have gained congressional approval and President Obama's signature, thus paving the way for the long awaited realization of the agreements and their inherent trade benefits and opportunities. Simultaneous approval highlights the challenges of managing global supply chains to take advantage of the benefits provided. - William M. Methenitis, partner, global director, and Kristine L. Price, partner, both of Ernst & Young LLP, Customs and International Trade

01 12 cover 26

A New Generation of Measurements in Ocean Transportation

Analyst Insight: While on one hand the container shipping industry has become ever more commoditized, a new range of service measurements could increase the potential for market differentiation. The key to any differentiation is the ability to make it clear to the customer what the difference is. Such transparency would certainly be a novelty in the industry. - Lars Jensen, CEO, SeaIntel Maritime Analysis

01 12 cover 27

Next-Generation Rail Fleet Management

Analyst Insight: As the global economy slowly begins to improve, large-scale manufacturers who ship bulk product by rail are again experiencing the issues of service reliability, asset turnover, capacity constraints, working capital optimization and risk. With that said, after the dismal 2008-2009 economy, we're right back into the bane of a one-hundred-year rail dilemma: enhancing service reliability while improving fleet utilization to sustain a lean rail fleet. Current rail management tools are effective at tracking historical transit times and identifying the position of each car at a certain point in time. However, an important disconnect exists between seeing the future demand for rail shipments and predicting the usage and location of the cars over the entire enterprise planning horizon. - Alfred Sherk, CEO, SherTrack LLC

01 12 cover 29

Horizontal Collaboration - Sharing Supply Chain Assets with Your Competitors

With ever-changing business challenges such as transportation costs, volatile demand and an evolving customer base, supply management organizations are exploring new and unique ways to use collaboration in their supply chains. One such effort is turning traditional vertical collaboration strategies on their side and may change the way organizations view their supply chain - and their competitors.

Procurement and Sourcing Has Talent! Or Does It?

Analyst Insight: Procurement and sourcing is a continuously evolving profession. A global Gartner Supply Chain study of 453 companies finds 51 percent of procurement and sourcing talent hired in the last three years was to satisfy short-term needs, with a focus on basic, intermediate and advanced procurement and sourcing skill sets. Procurement and sourcing hiring strategies for 2012 shifts to long-term needs and advanced skills requirements in the areas of SRM, supplier collaboration, performance management and analytics, and financial procurement. - Mickey North Rizza, Gartner Supply Chain Research

01 12 cover 24

A Well-Designed Inventory Planning & Optimization Strategy Must Be Maintained

Analyst Insight: It can be a struggle for organizations to obtain the right balance between keeping enough inventory on hand to meet customer demand and minimizing costs related to carrying inventory. APQC's research indicates that best-practice organizations achieve this balance through the creation of inventory optimization programs with well-designed strategies, effective processes, appropriate technology, and regular assessment. - Becky Partida, knowledge specialist, APQC

01 12 cover 25

The Open Group Previews First Standard for Supply-Chain Security

The Open Group has issued a "preview" of its new standard for promoting best practices in the area of supply-chain security. The Open Trusted Technology Provider Standard (O-TTPS) Snapshot, developed by The Open Group Trusted Technology Forum (OTTF), was designed for use by global providers and users of commercial off-the-shelf (COTS) products for information and communication technology (ICT).

Who's to Blame for Ocean Carriers' Losses?

Back in the early 1980s, when I was new to the world of transportation, logistics and the supply chain, I recall ocean carriers complaining that their freight rates weren't high enough to meet operating costs, let alone generate a profit. They were begging shippers to accept higher rates, in exchange for greater service reliability. Yet every time they would achieve some traction on the rate front, they would flood the market with new capacity, and offer deep discounts in order to fill the new ships. Then they would appeal to shippers for higher rates ...

Think Tank Blog Icon 7c4869

Page 819 of 1274

Featured Product

Photo: iStock/Anastasiia Yanishevska

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.

Moving Robots Site-to-Site