Apple is leading the green supply chain movement in China, according to a new report that evaluated more than 150 brands on their supply chain environmental management efforts and effectiveness. The Corporate Information Transparency Index (CITI), issued by the international nonprofit environmental organization National Resources Defence Council and Beijing-based nonprofit Institute of Public & Environmental Affairs, evaluated 167 brands on their supply chain environmental management in China using government-issued and public data on company suppliers from the last year.
Category Archives: Supply Chain
Supply chain industry trade association MHI launched a new campaign this week aimed at sparking interest among young professionals to enter the supply chain field. Called #iWorkinTheSupplyChain, the campaign, which officially launched Monday, hopes to debunk the negative stereotypes surrounding manufacturing and supply chain careers, which are not seen as appealing to younger professionals, according to Morgan Cruz, marketing content coordinator at MHI said.
Risk is more than just a board game. Supply risk is more than just a natural disaster messing up your company’s plans, and supply risk management is not a new topic — nor will it be going away anytime soon. But it's no time to be complacent. In this four-part Spend Matters Plus series, we provide our outlook on how best to define and manage supply risk programs in 2016, based on lessons learned from leaders. We begin with a definition of the major categories of risk that an average organization is exposed to, then discuss a risk management strategy based on global thinking and local implementation, cover risk and reward alignment as a key to adoption and conclude with a discussion of how to monitor and manage your risk management program for success.
There's more than meets the eye to e-signatures and digital signatures. These are not simply replacements for handwritten signatures on contracts, and we are here to explain why. Jason Busch, founder and head of strategy at Spend Matters, presents: Use Cases of E-Signatures and Digital Signatures in Procurement and the Supply Chain, a new, complimentary research brief from the Spend Matters team. Jason knows where the hands on the procurement and supply chain clock land when it comes to digital and e-signatures. This research brief lays out how these solutions can play a crucial role in supporting end-to-end source-to-pay (S2P) and associated procurement processes. Get your copy today!
Last Chance to Register for Tomorrow’s Webinar and Learn Advanced Case Studies in Smarter Catalog Management
This is your last chance to register for tomorrow's webinar, Teaching an Old Dog New Tricks: Advanced Case Studies in Smarter Catalog Management. Join us at 10 a.m. CDT as the Spend Matters and jCatalog teams walk you through how progressive procurement organizations are enticing stakeholders with more nuanced approaches to support complex category-specific supply chain requirements. The old-school catalogs that often get a bad reputation are history. Advanced smart catalogs are replacing them and promoting a guided buying process essential to the procurement and supply chain world. Register today!
Looked at from an industry perspective, dynamic pricing and auction mechanisms have become the awkward middle child of procurement, supply chain and trade financing technology. What used to be the centerpiece of business models has become a secondary component of most procurement suites and technology models — or is downplayed as a feature rather than something at the core. To me, this is a shame.
Having a strong omnichannel supply chain is becoming more necessary for retailers, as consumers are increasingly demanding more purchase and shipping options. This will prove even more essential for retailers as the holidays approach. Additionally, consumers say they hope to take advantage of the buy online, pick up in store option becoming more popular. Yet recent market reports show only about a quarter of retailers offer this service.
Spend Matters welcomes this guest article by Aleksejs Volcenkovs, chief marketing officer at Kronus.
Supply chain activities are likely the most costly endeavors of any organization. Of course, it is an expected expense that can account for up to 75% of your overall budget, according to a recent article in Inbound Logistics, depending on whether you are using sub assemblers or not. Labor can account for about 16% of your supply chain costs. Cutting back on your labor costs can help you to save quite a bit on costs but sacrificing quality work is not an option.
It’s officially fall, which means we can expect to see the color orange and “pumpkin spiced” everything on grocery store shelves. Starbucks may make a killing with its successful pumpkin spiced seasonal latte each year, but the coffee giant could be the exception. A new retail industry report shows it’s often not profitable for companies to invest in creating new or seasonal products each year. Such products bring new supply chain management challenges to procurement, including the difficulty of predicting what the demand will be for a new item.
Target is now taking its supply chain problems seriously. The major retailer has been struggling with running out of stock and even having empty shelves in stores. But last week, John Mulligan, the newly appointed chief operating officer, called the company’s woes “unacceptable.” Target’s online ordering and in-store pickup options have reportedly magnified the retailer’s supply chain problems. The growth in online ordering could have more widespread impacts in the retail sector, where other companies’ supply chains might not be up to the task.
In a recent Industry Week column, Paul Ericksen, a consultant, makes a number of arguments about the importance of considering the extended supply chain when setting up new facilities or onboarding new suppliers. Chasing tax incentives for new facilities or swapping out suppliers/facilities is a bit like chasing low cost labor. It’s a near-term arbitrage that can actually increase overall risk, as well as potential direct, everyday costs of logistics costs increase.
Back in early 2014, Trade Financing Matters’ David Gustin noticed some major changes in the supply chain finance space. Banking and financing firms were increasingly partnering with various supplier B2B networks at a rapid pace. He pointed to this growing trend in one of our popular Ask the Expert webinars, which originally aired in April 2014, titled, Ask the Expert: B2B Commerce Networks Enter the Supply Chain Finance Space. You can check out the full recording of the webinar in this post and learn the difference between trade credit and trade finance and what exactly supplier networks are, how they operate and more.