For years, cost savings has dominated the minds and activities of procurement professionals. State of Flux issues studies and reports on trends in the procurement industry. Cost savings consistently reigns in terms of importance. However, for the first time ever, this study revealed that risk management is now the number one driver in procurement, indicating that supply…
Nov. 29, 2013 was a busy news day. When news analysts weren’t weighing in (and duking it out) over Obamacare, reporters across the nation were running spots on long shopping lines, customers who camped for days in frigid temperatures to get the best deals, and even a few skirmishes over the best merchandise in brick…
The Federal Motor Carrier Safety Administration had a busy year. When they weren’t enacting new regulations, they were busy defending these new regulations in courtrooms and hearings. But after all the discussion, practically everything the FMCSA wanted to pass is now legally in effect. What are these new laws? More importantly, how do these laws…
As more electric car options are made available to consumers and fleet vehicle operators, several things are becoming clear. First, the cost of these automobiles (though often offset by government subsidies) is still higher than the cost of gas powered vehicles. Second, the electric cars may not be as beneficial to the environment as portrayed…
A recent study conducted by Resilinc Corp., a provider of supply chain resiliency solutions has determined that the world’s supply chains are facing a threat. Specifically, most suppliers are all depending on a relatively small set of sub tier suppliers, which means that if any of these face difficulties in production, the entire global supply chain…
Amazon is already taking a substantial bite out of the retail world, commanding as much as 11 percent of total retail sales in some markets, according to Forbes. In fact, Amazon’s sales now total more than the next 12 internet retailers’ sales combined. Apparently, even adding e-commerce transactions to a retail website doesn’t help retailers…
Bayerische Motoren Werke AG, or BMW, is the world’s largest and most recognizable manufacturer of luxury vehicles, catering to high-end customers in over 50 countries around the globe. BMW is most known for providing high quality vehicles, and catering to customers with excellent, timely parts and service. This has helped the company garner stellar customer…
Bloomberg calls supply chain management, “The Next Big Thing” and the Wall Street Journal touts it as, “The Hot New MBA”. What’s driving this trend? Here’s the need-to-know of supply chain management in business schools.
Where is the future of supply chain management heading? Read on to learn about the top trends across the best companies in the industry.
Does the glass ceiling still exist? Women now hold about 25 percent of the management positions in the petroleum sector, according to Women in Canada’s Oil and Gas Sector, but most of them are employed in lower-level management positions, not as senior executives. However, some women have broken all the barriers, and serve as leading executives…