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September 2009 |
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| Featured Topics: Financial Risk |
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| Supply Chains and Demand: As consumers scale back, supply chains are hurting from end to end. Finance can ease the pain. |
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| The metaphor of the global supply chain, meant to convey strength through interconnectedness, has lately come to symbolize the opposite: companies dragging each other down as one fails to gauge demand while another struggles to meet it, or to manage the cash flow needed to remain a viable part of it. |
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| A Chain of Perils: The New Lean Logistics |
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Over the last 20 years a significant change has taken place in the way in which raw materials suppliers and end users deliver and receive products. Where stocked shelves in warehouses were once a measure of suppliers, manufacturers and retailers to meet customer requirements, now goods and materials are delivered just in time to meet manufacturing or retail demand. Distances between suppliers are rarely now just across town or a few provinces, but on the other side of the globe.
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| Supply Chain Maxims |
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In a tough economic climate, when demand is down, there is an imperative for companies to review their supply chain to reduce cost, remove activity that reduces profitability and conserve cash. Many mid size companies have found themselves particularly vulnerable in the downturn with long term customer and supplier relationships on which they are particularly dependent and where expected volumes are just not there.
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| Manufacturers May Find Wisdom in Wal-Mart Retail Supply Chain Strategies |
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| What can Wal-Mart teach manufacturing about global supply chains? Perhaps manufacturers would want to consider a best-in-market supply chain approach rather than best in class, to better meet customers' needs. Gary Maxwell, senior vice president of international supply chain for Wal-Mart Stores Inc., said a best-in-market approach requires thinking like a customer; complying with local and international laws, regulations, and customs; matching the maturity curve to the market; setting high expectations for low costs; and operating in a sustainable way. To better serve customers, best-in-market supply chain management trumps world class supply chains every time, he said. |
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| Companies Recognizing Climate Change as Business Risk |
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On Monday, the Carbon Disclosure Project (CDP) released its annual S&P 500 Report, and the results indicate that companies are increasingly willing to disclose their greenhouse gas (GHG) emissions and their plans for emissions reduction.What’s more, the data also shows me that companies are increasingly beginning to recognize the business risks associated with climate change.
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| Best Practices in Supplier Information Management |
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| SIM Made Simple is the resource area for best practices in supplier information management (SIM)– derived from our experience in managing SIM for over 1 million suppliers for some of the world's largest companies. |
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Turning Supplier Data into Supplier Intelligence
Read More |
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