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Sourcing/Procurement/SRM: Page 233

Netwin Unveils New Module for Conflict Minerals Reporting

Netwin Solutions Inc., a provider of applications for supply-chain security and global trade management, has launched a software module to help companies comply with new rules for reporting on the presence of conflict minerals in their products.

Being Proactive to Manage Supplier Non-Compliance

The rise of global sourcing as a means to minimize costs has had the unintended consequence of increasing risk. Dependence on an increasing number of suppliers makes it difficult to monitor their performance without automated metrics. According to a 2013 Supply Chain Resilience Survey, 75 percent of organizations experienced at least one supply chain disruption incident in the past year.

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Strategic Sourcing, Done Right, Is Win for Everyone

Some authors have suggested that strategic sourcing is often done in a win-lose style, without true collaboration between buyer and seller. Nothing could be further from the truth, as a win-lose relationship is the antithesis to strategic sourcing done the right way. Strategic sourcing, done right, can become a real competitive advantage.

Boeing Continues to Push for Supply Chain Savings

Boeing suppliers are developing "a sense of acceptance" that the manufacturer's push for a 15 percent reduction in supply chain costs won't ease up even as the economy improves, an informal survey of several major suppliers by Canaccord Genuity finds. Whether the push will succeed remains to be seen.

Obstacles Impede China's Efforts to Build Successful Domestic Aircraft Industry, Study Finds

China's investment of billions of dollars in a domestic commercial aviation industry has yet to result in a commercially viable aircraft and is unlikely to do so for the foreseeable future, according to a new RAND Corporation study.

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Expect Crop Prices to Escalate Considerably if Climate Change Continues Unabated, Study Finds

Global crop yields for maize, rice and wheat could be significantly affected by 2050 if nothing is done to tackle climate change.

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Procurement Expanding Priorities Beyond Cost Reductions to Focus on Influence & Innovation, Study Says

Procurement leaders are expanding their priorities for 2014, moving beyond a historic emphasis on reducing purchase costs and adding focus on expanding and deepening the scope of spend influence as well as supporting supplier-led product innovation, according to 2014 Procurement Key Issues research from The Hackett Group Inc.

Report Details Advances in Manufacturing Commerce Network Interaction, Collaboration

A report from IDC Manufacturing Insights evaluates the progression of commerce networks for manufacturers from traditional point-to-point communications to collaborative commerce networks that support many-to-many interactions among manufacturers and their trading partners.

Retail Not Using Big Data to Its Fullest Potential, Study Finds

While retailers are facing challenges in delivering the reporting functionality that business users need to enable data-driven decision-making, they are optimistic about Big Data's ability to provide breakthroughs in analysis capabilities across a number of retail processes, says a study by 1010data Inc. In fact, almost all surveyed executives (96 percent) agreed that Big Data initiatives are important in helping retailers stay competitive. They said Big Data insights are most beneficial for merchandising (53 percent) and marketing (48 percent), followed by store operations (42 percent), e-commerce (42 percent), supply chain (27 percent), finance (23 percent), and loss prevention (21 percent).

Contract, Performance and the Relationship in SRM

Analyst Insight: There needs to be a clear line of sight between what is in the contract (and the contractual obligations of both parties), the performance metrics or KPIs, and the relationship, including a 360º perception of the relationship. However in practice this is rarely the case. – Alan Day, Chairman & Founder, State of Flux

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Excellence in Sourcing, Procurement Is All About Alignment

Analyst Insight: Alignment is the number one strategy to increase business value. Alignment is realized when the business strategy, functions, employees, business processes and technology are optimized for growth and profitability resulting in substantial shareholder returns. Procurement’s opportunity for excellence begins with alignment to the business and the broader enterprise strategy. – Mickey North Rizza, BravoSolution

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Vnomics, SkyBitz Partner on Asset Tracking for Fleet Managers

Vnomics Corp., a provider of fleet-management technology, has joined with SkyBitz, Inc., the vendor of remote asset-tracking and information management tools, on development of an integrated tracking system aimed at for-hire and private truck fleets.

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