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March-April 2015
Anyone who’s ever bought a house knows the realtor’s motto: Location, location,location. It’s the most important factor in determining the value of a property. Based on the press releases that come across my desk these days, supply chain’s motto is: Innovate,innovate, innovate. This issue includes approaches to inventory optimization, contract management with third party logistics providers and contract manufacturers, and the Goldilocks approach to supply management—an innovative concept aimed at keeping your procurement department from running too hot or too cold. Browse this issue archive.Need Help? Contact customer service 847-559-7581 More options
Gone are the days of managing supply chain performance without having strong written agreements in place. Handshakes and good intentions and long-term trusted relationships may have sufficed in earlier times, but in today’s frenetic, volatile, global business environment, they leave businesses exposed to significant risks.
The challenges are exacerbated by elevated levels of outsourcing. True, outsourcing as a business practice is not new, but the extent to which it has evolved, and the range of business practices now involved, are what create cause for concern. It is not uncommon for companies to contract with third parties for some or all of their supply chain services, ranging from inventory management and packaging to transportation and logistics management. That’s particularly true when supporting an international customer base.
Indeed, numerous studies have identified outsourcing as a hallmark of successful companies. PwC’s Global Supply Chain Survey 2013, incorporating responses from 500 supply chain leaders in North America, Europe, and Asia, reported on the top-performing companies as follows: “The leaders typically outsource about 60 percent of their warehousing and logistics activities and nearly 50 percent of their manufacturing and assembly activities.”
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Sorry, but your login has failed. Please recheck your login information and resubmit. If your subscription has expired, renew here.
March-April 2015
Anyone who’s ever bought a house knows the realtor’s motto: Location, location,location. It’s the most important factor in determining the value of a property. Based on the press releases that come across my… Browse this issue archive. Access your online digital edition. Download a PDF file of the March-April 2015 issue.|
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Gone are the days of managing supply chain performance without having strong written agreements in place. Handshakes and good intentions and long-term trusted relationships may have sufficed in earlier times, but in today’s frenetic, volatile, global business environment, they leave businesses exposed to significant risks.
The challenges are exacerbated by elevated levels of outsourcing. True, outsourcing as a business practice is not new, but the extent to which it has evolved, and the range of business practices now involved, are what create cause for concern. It is not uncommon for companies to contract with third parties for some or all of their supply chain services, ranging from inventory management and packaging to transportation and logistics management. That’s particularly true when supporting an international customer base.
Indeed, numerous studies have identified outsourcing as a hallmark of successful companies. PwC’s Global Supply Chain Survey 2013, incorporating responses from 500 supply chain leaders in North America, Europe, and Asia, reported on the top-
performing companies as follows: “The leaders typically outsource about 60 percent of their warehousing and logistics activities and nearly 50 percent of their manufacturing and assembly activities.”
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About the Author
Sarah Petrie, Executive Managing Editor, Peerless Media
I am the executive managing editor of two business-to-business magazines. I run the day-to-day activities of the magazines and their Websites. I am responsible for schedules, editing, and production of those books. I also assist in the editing and copy editing responsibilities of a third magazine and handle the editing and production of custom publishing projects. Additionally, I have past experience in university-level teaching and marketing writing.
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