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Think Tank
Sourcing/Procurement/SRM: Page 173
Why Farmers Only Get 7.8 Cents of Every Dollar Americans Spend on Food
For every dollar consumers spend on food, only 7.8 cents goes to farmers — a record low that reflects shifts in how Americans eat, according to the Department of Agriculture.
Opinion: The Best Answers to #WhoMadeMyClothes This Fashion Revolution Week
Fashion Revolution Week came to the end of a noise-making celebration of five years since its launch late last month. This year, over 100 countries took part with events calling for a more transparent and ethical fashion industry, it was covered by many major fashion titles, and social media was abuzz with conscious fashion consumers putting their favorite brands to the test over their supply chains.
Aerospace Suppliers Look to Blockchain for Parts Tracking
Aerospace suppliers are starting to explore blockchain technology to keep tabs on their supply chain, potentially tracking parts such as that at the center of a Southwest Airlines accident last month.
How Cape Town Was Saved From Running Out of Water
Late last year, as the South African government faced the prospect of its largest city running out of water, they took an unprecedented gamble.
Tinker, Tailor, Robot Maker: In China, Trade War Threat Casts Long Shadow
At its high-tech laboratories in the Chinese manufacturing hub of Shenzhen, Beike Biotechnology is developing medical robots that could help treat cancer. It has big plans to export these to markets like the United States.
How Do Companies Name That Price? A.I. Can Help
When it comes to determining the optimal price of a product, component or raw material, artificial intelligence can do more than come up with the answer. It can help you to understand the questions you ought to be asking.
Findchips Pro Enterprise Decreased Product Delays by 48 Percent
Challenge: A company's engineering and sourcing departments were siloed and lacking access to historical information and accurate market data (pricing, availability and risk). The engineering department partially designs based on performance, but the bills of materials (BOMs) sent to the sourcing department were not procurable. The company needed access to the right data to increase contract negotiating power and reduce product launch risks due to inventory and manufacturing issues.
Trump’s Solar Tariffs Cause a Scramble in the Industry
SunPower is the nation’s No. 2 commercial solar-power company, employing thousands of workers directly and indirectly. But it makes most of its solar panels abroad, and with the tariffs recently imposed by President Trump costing it as much as $2m a week, SunPower is fighting for an exemption.
Decline of Bees Is Threatening Raw Materials Supply Chains, Study Says
A dramatic decline in the number of pollinators such as bees and butterflies could lead to shortages in supplies of raw materials for many companies, a new study has found.
How IBM Uses Watson for Procurement
The procurement team at IBM is using the company’s powerful Watson computer to analyze suppliers, rate contracts and manage risk.
‘Cyber Blindspot’ Threatens Energy Companies Spending Too Little
What’s the cost of securing the nation’s energy from a cyber attack?
Waking Up to the Need for Risk Management
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