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'When Oliver E. Williamson published his article Outsourcing: Transaction cost economics and supply chain management (2008), he confronted SCM research with uncomfortable questions. Surprisingly, it took four years until the first SCM researcher, Paul Zipkin, published A Reply to Williamson’s “Outsourcing …” (Production and Operations Management, Vol. 21, No. 3).
'As I look forward to the holiday season (yes it is hurtling towards us again), I now do all of my planning, negotiating and actual shopping from the comfort of my armchair. And as a result, my buying habits have changed over the past few years. I no longer buy CD’s, I buy Apple iTunes cards. For my mother’s birthday, I didn’t buy her a book, I bought her an Amazon Kindle.
The Good. $100 million – Amount Proctor & Gamble saved in just the beauty division from multi-echelon inventory optimization ( Link ) ( Video ). $50 million – Total savings HP realized from MEIO as well as a 30% inventory reduction ( Link ). 27% – Amount Stanley Black & Decker’s reduced its finished goods inventory ( Link ). 26% – Amount Boston Scientific reduced their inventory ( Link ). $20 million – Savings achieved by Kraft Foods ( Link ).
Procurement leaders are at a pivotal moment. With CPOs playing an increasingly strategic role, it’s time to leverage innovation and technology to drive resilience and efficiency. Download The 2025 Annual ProcureCon CPO Report to uncover key insights to thrive in a dynamic procurement landscape. What’s Inside: How CPOs are driving strategic decision-making and technology adoption The top priorities and challenges for procurement in 2025 Why AI, sustainability, and data analytics are essential for
'Global Cargo Monitoring / Cargo Tracking. International trade is the engine of global prosperity today. The size of global trade has nearly doubled since 1990. The healthy growth continues as world merchandise trade continues to grow with an average of 10% per year. By having many service providers involved, which among each other are often not connected, the friction in moving goods from source to destination are very high.
As a CSR analyst, I’ve seen a number of Code of Ethics and anti-corruption policies in the last year that outline the UK Bribery Act to employees. In many ways this can be seen as the first step in a company’s due diligence procedures required by the legislation. It’s also a demonstration that it’s working. Or perhaps this is a little pre-emptive. But much has been written about the ambitiousness of the UK Bribery Act, and this has been rightly earned.
As a CSR analyst, I’ve seen a number of Code of Ethics and anti-corruption policies in the last year that outline the UK Bribery Act to employees. In many ways this can be seen as the first step in a company’s due diligence procedures required by the legislation. It’s also a demonstration that it’s working. Or perhaps this is a little pre-emptive. But much has been written about the ambitiousness of the UK Bribery Act, and this has been rightly earned.
'Who said supply chains are boring? Whenever I tell a friend, colleague or family member about my job as soon as the words "supply chain" are muttered I immediately see glassy eyes followed by a yawn or two. Little do they realize that every time they discard or recycle a carton of milk they are completing the end of the supply chain cycle. Without supply chains consumers would be stuck using products that they had to make or grow with their own two hands.
'Recently, the use of laboratory experiments has attracted attention in SCM research. The Journal of Supply Chain Management dedicated a discussion forum to that topic , which is introduced with an essay by Eckerd and Bendoly. In this forum, Bachrach and Bendoly “touch on some of the basic tenets of rigorous behavioral experimentation” and “promote such rigor in future SCM behavioral studies” The commentary by Rungtusanatham et al. deals with scenario-based role-playing e
Savvy B2B marketers know that a great account-based marketing (ABM) strategy leads to higher ROI and sustainable growth. In this guide, we’ll cover: What makes for a successful ABM strategy? What are the key elements and capabilities of ABM that can make a real difference? How is AI changing workflows and driving functionality? This Martech Intelligence Report on Enterprise Account-Based Marketing examines the state of ABM in 2024 and what to consider when implementing ABM software.
'Published in 1998, The relational view: Cooperative strategy and sources of interorganizational competitive advantage by Dyer and Singh remains one of the most influential business papers. Ten years later, the authors discussed their paper in an interview with ScienceWatch.com. They argue that “the main contribution of the [paper] was that it outlined a theory for considering dyads and networks of firms as a key unit of analysis for explaining superior individual firm performance” T
'NetSuite Inc. (NYSE: N), the industry’s leading provider of cloud-based financials / ERP software suites, today (June 7th) announced that the company has extended its cloud -based business management suite with new demand planning features. Designed to enable wholesalers, manufacturers, retailers, and distributors to achieve best-in-class inventory management practices, NetSuite Demand Planning enables companies to forecast peaks and troughs in demand and minimize capital tied up in inven
'Volatility, demand swings, and supply uncertainty are SCM trends ( I recently reported ). One of my primary research interests is in the area of supply chain resilience and I was particularly curious when I got the report Supply Chain Resilience 2011 into my hands. It reveals that 85% of the organizations surveyed experienced at least one supply chain disruption in the last twelve months.
'I recently discovered ResearchGate , which is a Cambridge and Berlin based social network for researchers. It is described by its founders as “Facebook for scientists” and helps scientists to collaborate with colleagues and find new publications. ResearchGate has implemented workgroups, which are invitation-only. Own workgroups can be created in order to collaborate in a closed and secure environment. “ResearchGate was built for scientists, by scientists, with the idea that sc
Fulfillment is no longer just about getting products from point A to point B – it's about crafting seamless, scalable, customer first experiences. Flexible fulfillment strategies are more important than ever for those aiming to stay ahead and build resilience as retail enters a new era in 2025. Learn how to optimize fulfillment processes, tackle complex, multi-vendor orders, and create seamless customer experiences – from white-glove delivery for high-value items to quick-ship solutions for ever
'At this year’s CSCMP Conference in Philadelphia I joined a presentation about high-quality reviews held by the co?editors in chief of the Journal of Supply Chain Management. Therefore, I’d like to remember their July 2010 editorial, Crafting High-quality Reviews: Guidelines, Examples and Feedback. While a reviewer should identify a manuscript’s deficiencies (“gatekeeper”), a reviewer should also provide suggestions for how these deficiencies can be addressed (̶
'Emerging markets have been playing an important role in sourcing activities. Rapid growth has raised their value in world trade as both sourcing regions and sales markets. Procurement companies that are sourcing in emerging markets realize great opportunities and competitive advantages. However, procurement companies face challenges and risks in emerging markets.
'Best paper award winners can serve as a blueprint for one’s own research projects. Some of the leading supply chain management journals have now announced their winners. The Journal of Business Logistics has just announced that the paper Exploring a governance theory of supply chain management: Barriers and facilitators to integration by Richey et al. is the 2011 Bernard J.
'If the mantra of the real estate industry is “Location, Location, Location”, the new mantra of supply chain executives is fast becoming “Collaboration, Collaboration, Collaboration”. Why? If the events of the past few months have taught us anything, the ability to create and sustain collaborative processes with global supply chain partners is crucial to properly manage, and in some cases, capitalize on complexity.
The Supplier Relationship Management Playbook is your guide to building effective supplier partnerships that drive supply chain excellence. This playbook equips supply chain professionals with strategies for managing compliance, tracking performance, and fostering collaboration to reduce supply chain risks. Inside, you’ll find: Strategies for Compliance: Best practices to help meet regulatory standards.
Whenever you set a goal, your natural inclination is to achieve it; swipe a line through it, and be done. Supply chain management is full of goals such as mounting pressure from the top to get costs down quickly. We tend to grab this bull by the horns with the intent of showing demonstrable results. But, sometimes grabbing the bull may be short-sighted, and to really achieve the goal we might need to first step back.
Just the other week I met with one of our consumer high-tech customers who spoke about the impact of the pace of innovation on their industry. He mentioned how the supply chain organization, particularly aftermarket parts , has changed and how they have had to evolve their forecasting and inventory management practices. Then, just a couple of days later, a supply chain industry analyst mentioned how this SKU proliferation is becoming a key issue with increasing risk associated to obsolete invent
com-plex-i-ty [k uh m- plek -si-tee]. - noun, the state or quality of being complex; intricacy. Source: Dictionary.com. As today’s networks grow and interaction with partners across the world becomes the norm, it is your ability to identify complexity and then develop a strategy to manage it that can make or break your competitiveness. Managing complexity is almost like looking at your reflection, it forces you to look within.
Speaker: Eric Berdinis, Ran Sun, & Chris Chmielewski
Procuring freight can be cumbersome, time-consuming, and error-prone. If you’re frustrated with the complex and manual processes for obtaining bids for your contract and spot freight, you’re not alone. In today’s fast-moving supply chain environment, optimizing these processes is critical to staying competitive and cutting costs. Join this exclusive webinar with experts from Uber Freight to learn how the latest digital tools and automation can transform your freight procurement strategy by strea
The prophets of lean manufacturing methods usually scorn planning systems. ERP and Advanced Planning Systems (APS) systems stochastically propagate a combination of hard demand and forecasts through the supply chain. Demand signals are ignored and individual inventory buffers are based on lead times and lot size requirements throughout the supply chain.
For more than a decade, the idea of a close working relationship between trading partners has been one of the Holy Grails of the supply chain. Information moving seamlessly…everyone knows what the other is doing…bottlenecks removed…a Utopia of sorts. But, are we there yet? IndustryWeek recently highlighted a new book, The New Supply Chain Agenda , which outlines the five steps to drive value.
Wouldn’t it be great if we could see around the corner, to posses that magical ability to anticipate what’s at the next intersection? On the road, we now have cars that can see around a corner, let you know what is ahead and prepare for any changes in conditions. You, the driver, are no longer limited by what you see straight ahead. With improved visibility, you quickly adjust and successfully navigate whatever the road throws your way.
Inventory Optimization (IO) is a loosely used term in the industry. You’ll see it used to describe tactical inventory management, warehouse operations and strategic network assessments as well as used to describe single stage as well as multi-echelon environments. Inventory optimization is so much more and impacts the supply chain at all levels.
Innovation varies widely across sectors and organizations, creating value in diverse forms. Understanding different types is crucial for R&D teams to foster creativity and uncover missed opportunities. This guide explores 25 key types of innovation in management frameworks.
'Sony said on Tuesday shortages of parts and materials would force it to reduce or suspend production at five additional plants in Japan following the catastrophic earthquake this month. The plants, mostly in central and southern Japan, make products from digital cameras and video cameras to televisions and microphones, the company said in a statement.
A key characteristic of best-in-class companies is their success in using inventory optimization (IO) and cash management techniques to free up working capital. The amount of a company’s working capital trapped in inventory can be expressed as days inventory outstanding (DIO). As DIO rises due to factors such as slower sales, longer supply chains, SKU proliferation, and higher obsolescence, return on capital employed drops, which can hamper a company’s ability to compete, especially
A key characteristic of best-in-class companies is their success in using inventory optimization (IO) and cash management techniques to free up working capital. The amount of a company’s working capital trapped in inventory can be expressed as days inventory outstanding (DIO). As DIO rises due to factors such as slower sales, longer supply chains, SKU proliferation, and higher obsolescence, return on capital employed drops, which can hamper a company’s ability to compete, especially
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