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Adopt best practice to avoid outsourcing problems Supply Management Share    
Understanding what your organization does best, and what suppliers can do better, is the key to avoiding the "pitfalls" of outsourcing parts of the supply chain, says Michael Dominy, research director at Gartner. Dominy's analysis into activities outsourcing has identified a number of best practices for buyers. He believes purchasers can prevent future problems by basing outsourcing decisions on "strategic and tangible factors," such as the overall business objectives, and not just cost. More
Report urges manufacturers to rethink supply chain strategies IndustryWeek Share
A new PwC report warns manufacturers to rethink their supply chain strategies in the current climate of instability. "Supply chains and the manufacturing industry have been on a roller-coaster ride," says Barry Misthal, global leader of PwC's Industrial Manufacturing. Misthal says many manufacturers haven't determined "who their high-risk suppliers are or where the cracks and loose chinks are in their supply chains." More CPO: An agent for change CPO Agenda Share
Why and how is the CPO role changing? What benefits has this brought, and what do practitioners predict the position will look like in the next five years? More How to prevent self-inflicted disasters strategy+business Share
All too often, companies unintentionally create their own worst crises. With a little awareness of organizational DNA, you can avoid that fate — and the headlines that go with it. More
Consumer confidence sinks to 33-month low The Journal of Commerce Share
U.S. consumer sentiment hit its lowest level since November 2008, a decline aggravated by political battles in Washington, according to a survey. "Consumers have shifted from being optimistic about the potential impact of monetary and fiscal policies to a sense of despair and pessimism about the role of the government," said survey director Richard Curtin. Consumer spending accounts for 70 percent of U.S. economic activity and a large portion of U.S. containerized imports volume. More New technology boosts automated product tracking EBN Share
One of the issues that creates problems for suppliers is making certain all parties along the supply chain have the same information about the same products. The issue may seem trivial, but considering that a manufacturer may have multiple systems tracking its products through its manufacturing process, synchronizing information about what the supplier is selling and what the buyer is buying can easily become confusing. Global data synchronization networks are quickly becoming the preferred way to keep all trading partners on the same page when it's time to place orders. More
100 percent screening becomes permanent US regulation IFW Share
A mandate requiring 100 percent screening of outbound air cargo freight from the U.S. has been finalized by the Transportation Security Administration. The final rule makes the air cargo screening mandate a permanent regulation. TSA is still considering whether 100 percent screening of inbound international cargo on passenger flights is feasible. More How Lenovo balanced product line diversity with multiple supply chains McKinsey Quarterly via SupplyChainBrain Share
Lenovo's acquisition of IBM's personal computer operation set up a far-reaching business challenge — how to create a new global operating model that would meet two critical goals. The first was effectively managing the company's business diversity. The second was how to meet senior management's desire for greater standardization and efficiency by consolidating supply chains and financial management, and coordinating product sales more tightly. More  Supply chain mix-up ruled out in Nurofen drug switch Procurement Leaders Share
Drugmaker Reckitt Benckiser has sought to quell suggestions that a mix-up may have occurred in its manufacturing or supply chain after British authorities issued a safety alert following the discovery of packets of over-the-counter painkiller Nurofen Plus containing an anti-psychotic drug. Half a million tablets of Nurofen Plus were found to contain Seroquel XL, a prescription-only drug to treat serious psychiatric disorders, in London pharmacies. More Thailand economy shrinks on supply chain woes Press TV Share
Thailand's economy slowed unexpectedly in the second quarter as supply disruptions in the auto industry caused by the natural disasters in Japan took a toll on Southeast Asia's second largest economy. Economists say that slowing recoveries in the U.S. and Europe could worsen the outlook as Thailand relies heavily on exports. More |
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