One of the biggest challenges in public procurement is getting the best value for the dollar. In many cases, large companies get most contracts, leaving small and medium-sized businesses without a fair chance to compete. In February 2011, the UK Prime Minister and Minster for the Cabinet launched a ‘mystery shopper’ initiative to give small…
Coconut farming is a source of livelihood for millions of farming families throughout India, but over the past decade, the coconut market has sharply declined. The Chief Minister is working on new initiatives to change their plight.
In a highly competitive market like the retail industry, collaboration may seem like a big risk that isn’t worth the effort. More companies are realizing, however, that when they work together and share information through their suppliers, the end results are extremely beneficial.
In the quest for a more sustainable supply chain, many companies are looking at their suppliers’ practices and making necessary changes. Animal welfare is one of the biggest concerns for the food industry.
Electronic procurement systems are in place around the world in both the public and private sectors, but have proven especially beneficial in government settings. E-government procurement systems are already functional throughout the US, Australia, and the UK, as well as Singapore, Malaysia, and the EU. Bangladesh has recently launched an e-procurement system as well.
With an unpredictable global economy and ever-changing consumer demands, the future of supply chain management is just as uncertain. The one thing consultants can agree on is that most companies will have to adapt their supply chain strategies to enjoy success in 2013.
In supply chain management, shortages and disruptions are typically the biggest concerns. A surplus in the supply chain is just as risky in most industries, however, and can create instability throughout the market. Sustainable supply chain management strategies can combat surplus risks while also improving the standard of living.
Many of the risks associated with operating a business are directly tied to the supply chain. Slowed deliveries due to a natural disaster may result in lost sales and missed opportunities. A communications provider outage could have the same results. These supply chain disruptions often result in huge losses. According to a recent Zurich report,…
One of the biggest trends in supply chain management in 2012 was an improved focus on customer relations. In response to a slow global economy, many companies made it a priority to cut costs. This strategy caused many businesses to lose sight of the most important part of the supply chain – the end-user.
The clock is ticking on negotiations that could shut down 15 US ports, an outcome that will have a serious impact on Florida’s economy as well as the nation’s. The contract between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) will expire on December 29. If a suitable agreement isn’t met…