Industry Articles and Journals
How to Leverage SRM for Supply Chain Resiliency
Simply stated, supplier relationship management (SRM) is a comprehensive approach to managing your organization’s interactions with its vendors. Historically, SRM’s main goals have been to streamline the B2B technology and processes used for Procure-to-Pay (P2P) transactions in order to maximize quality and profit while lowering production and distribution costs. SRM has also proved instrumental in…
Read MoreHidden Transportation and Logistics Costs of Supplier Non-Compliance
Supplier Non-Compliance: A Form of Disruption You Can Proactively Manage Retailers and manufacturers are increasing their supply chain complexity, while at the same time focusing on reducing procurement, transportation, and logistics costs.1 According to a recent supply chain survey conducted by IDC, 58% of consumer products manufacturers and 65% of high-tech companies outsourced some portion…
Read MoreCash is King – So is Your Supply Chain
For companies of all sizes and across all industries, cash is not only crucial – it’s king. Businesses must carefully manage the flow of their cash – making sure that payments aren’t going out faster than resources are coming in – simply to survive. According to a recent study by Dun & Bradstreet on business…
Read MoreBest Practices in Global Logistics
The modern business landscape is marked by increasing levels of global sourcing – particularly from low-cost countries. While many companies across a variety of industries achieve cost savings through this sourcing strategy, the benefits are often offset by complexities associated with global logistics management. Even though total supply chain costs may be reduced by global…
Read MoreWhat are customer expectations at the last mile?
Heightened customer expectations of what happens in the last mile of their buying journey has increased competition for retailers and service deliverers alike. With the ever evolving options for collection and delivery of goods and services, what exactly does the new on-demand customer expect at the last mile? And what aspects of the last mile…
Read MorePush Versus Pull Model
You can start the show…whenever you’re ready It has taken half a century and the advent of the third industrial revolution to take supply chain from the dark ages to the digital age. As businesses embrace everything the digital age has to offer, e-collaboration has enabled a mass technological evolution that continues to have a…
Read More