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Supply chain theft poses major problems for retailers
Chain Store Age
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Organized retail crime should not be an issue solely addressed at the store level, according to the results of a recent National Retail Federation survey. More than half of retailers say they have been a victim of cargo theft in the past 12 months. While theft often occurs en route from the distribution center to the store (57.4 percent), retailers also are also victimized at other points along the supply chain, including between the
manufacturer and the distribution center (39.7 percent), at the distribution center (22.1 percent), and as merchandise moves from one store to another (22.1 percent).
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Safeguarding the financial supply chain
The Wall Street Journal
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The March earthquake and tsunami in Japan has caused businesses to look again at risks in their supply chains. High-tech electronics manufacturers, automakers and many others have found themselves without key inputs, forcing them to idle factories and hurriedly identify new sources. But this disaster affected more than simply the supply chain in physical goods. The episode also highlights growing risks in the "financial supply
chain" — the flows of money that run parallel to flows in products.
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Supply chain value in a globalized world
ThomasNet News
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The lessons on how businesses survived a serious economic downturn are becoming more evident, highlighting the supply chain's growing role as a driver for value creation and a source of competitive advantage in the global context and, in turn, the changing requirements for supply chain leaders to deliver excellence. In a recent survey of 750 supply chain managers in a variety of industries worldwide, respondents overwhelmingly said
they view supply chain improvements as critical for operating cost reduction.
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CoreTrust Purchasing Group is a group purchasing organization (GPO) offering indirect spend contracts including information technology and human resources. CoreTrust serves 225+ members
across multiple industries. By partnering with private equity firms and their companies, we leverage extraordinary purchasing power by assuring suppliers of committed volume from these respected companies. more
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Officials predict prolonged high food prices
The Associated Press via USA Today
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High food prices are likely to rise even further over the next decade, putting the poor at an increasing risk of malnutrition and hunger, a world food report warned. The joint report of the U.N. Food and Agriculture Organization and the Organization for Economic Cooperation and Development said the risk of price volatility that has hurt farmers across the globe
remains high.
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Logistics expert paints precarious picture for trucking
FleetOwner
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A surprisingly negative outlook both for the U.S. economy and for trucking in the short run emerged from the 22nd annual State of Logistics report. The report casts doubt on the pace of the U.S. economic recovery and predicts significant challenges will face trucking in the near term.
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The National R4 Sustainability Conference: Revitalization, Reinvention, Resilience and Responsibility — For
leaders in environmental innovation
Business Civic Leadership Center
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R4 is for leaders who want to promote environmental innovation, share information and identify ways to work together or through public-private partnerships to achieve their environmental goals, and want to hear about the latest market-based solutions for environmental innovation and sustainability.
Hosted by the Business Civic Leadership Center, an affiliate of the U.S. Chamber of Commerce, R4 will be held July 18-20 at
Mandalay Bay Resort and Hotel in Las Vegas. Click here for description/information, speaker roster, sponsors, hotel and conference registration. ISM members receive $100 off registration by entering promotion code "discount19."
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AGU is the premier, accredited university offering Certificates and
Master's Degrees in Supply Management in a distance learning format
with affordable tuition and rolling admissions.
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Inflation quickens in China, India
Reuters
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Inflation in China and India accelerated in May, prompting Beijing to lift bank reserve requirements and keeping pressure on India to raise interest rates even as Asia's two big growth engines show signs of slowing and recovery stalls elsewhere. China's consumer price inflation hit a 34-month high of 5.5 percent. In India, wholesale price index inflation was well above forecasts at 9.06 percent, with a sharp rise in manufacturing
inflation from April, offsetting a slowdown in the rise of food and fuel prices.
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US construction costs to increase in second quarter
Procurement Leaders
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The U.S. construction sector has benefited from healthy levels of market activity and an easing of commodity pricing pressures, but prices are set to rise again, experts predict. The Turner Construction Company announced that the Second Quarter 2011 Turner Building Cost Index has slightly increased over first quarter 2011 to reach 811.
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Learn how today's manufacturers are using ERP software to solve their complex challenges for maximum ROI. This evaluation kit and virtual tour shows how ERP software can help you implement lean manufacturing, meet and exceed more demanding customer expectations and drive real performance improvement.
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A top industry
analyst firm recently reported that organizations good at demand forecasting average 15% less inventory, 17% higher perfect order fulfillment and 35% shorter cash-to-cash cycle times than their peers, while experiencing one tenth as many stock-outs. Learn how today, download,
“Seven Methods That Improve Forecast Accuracy.”
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What the West doesn't get about china
Harvard Business Review
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When many managers think about China, they imagine a container ship whose hold and deck are brimming with cartons of toys, clothing, iPhones and other goods
bound for the world's consumer markets, whose populations power China's economic engine. That view couldn't be more wrong.
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US consumer prices climb 0.2 percent in May
MarketWatch
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The price of consumer goods in the U.S. rose in May as the cost of food, clothing, autos and housing all accelerated, offsetting the first drop in energy prices in 11 months. The consumer price index climbed a seasonally adjusted 0.2 percent in May, the U.S. Labor Department reported. Consumer inflation has climbed an unadjusted 3.6 percent over the past year, largely because of the soaring cost of gas and many other commodities.
That's the biggest 12-month increase since October 2008.
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Japan raises economic view
as supply chains recover
Dow Jones Newswires via NASDAQ
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The Japanese government raised its economic assessment for the first time in four months as quake-disrupted supply chains continue to recover, adding to a growing consensus that the country is bouncing back from the March 11 disaster more quickly than initially expected. In its monthly economic report for June, the Cabinet Office said economic conditions in Japan "remain severe due to the March 11 earthquake" but that " some upward
movements are also seen."
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Fraud a major risk in senior procurement roles
Procurement Leaders
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Procurement fraud and embezzlement account for more than half of all instances of corporate fraud, with senior executives more likely to commit offenses, a new study by KPMG claims. The accountancy and advisory firm's report into corporate, white-collar crime, paints a picture of the typical corporate fraudster — aged between 36 and 45, working in a finance or finance-related role and having worked at a company for at least 10
years, usually in a senior management or board role.
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Concur is a leading provider of integrated travel and expense management solutions for companies of all sizes. Concur helps companies control costs and save time. MORE |
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Supply chain leaders say
doctors more involved in purchase decisions
Healthcare Finance News
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Supply chain executives at the Premier Breakthroughs conference agreed that physicians are getting more involved and enthusiastic about supply chain decisions. The 1,200 physicians at Henry Ford Health System in Detroit have cooperated closely with supply chain leaders. "We've had great success in working with physicians to competitively source spine and cardiology products," said James O’Connor, Henry Ford's vice president of
supply chain management.
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Barbie manufacturer Mattel launches green purchasing plan
Supply Management
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Mattel is developing a sustainable procurement policy to ensure suppliers address the problem of deforestation. The policy will include requirements for paper packaging suppliers to commit to sustainable forestry management practices, as well as covering other wood-based products in its toy lines, such as paper, books and accessories.
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Bossard is a global, value-added supplier providing customers with innovative fastening solutions and leading VMI technology. Find out why we’re the trusted expert brand. MORE |
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Boeing to increase 737 production rate in 2014
Reuters
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Boeing plans to increase the production rate on its hot-selling 737 narrowbody plane to 42 per month, starting in 2014, the company said. The world's second-largest plane-maker produces 31.5 737 airplanes per month and expects to increase to 35 per month in early 2012, 38 per month in the second quarter of 2013, and then 42 per month in the first half of 2014.
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Mazda to build plant in
Mexico
The Associated Press via Manufacturing.net
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Mazda Motor Co. said it will build engine and vehicle assembly plants in Mexico to make small cars. The plants
will be built in an alliance with trading company Sumitomo Corp. They will manufacture the Mazda2 subcompact and Mazda3 compact, primarily for Central and South America, the company said. The factory is aimed at increasing Mazda's presence in Brazil, which has become the world's fourth-largest auto market after China, the U.S. and Japan.
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