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Image via Flickr by Mike Poresky The best procurement experts are continuously seeking out the most cost-effective procurement sources. Even when the supply chain runs seamlessly and achieves best costs, there are always alternatives that could offer better benefits to your overall operations and profits. If It’s Not Broke… Why would you actively search for…
Image via Flickr by GovernmentZA There are tons of terms related to procurement, many of which are so commonplace or self-explanatory most people don’t need a glossary to understand them. Here is a list of key procurement terms, especially acronyms, that can be confusing without a definition.Oops! You don’t have permission to view this page!…
Image via Flickr by storyvillegirl The three largest shipping lines, Maersk, MSC and CMA CGM, are proposing an alliance known as the P3 Network Vessel Sharing Agreement. This agreement would allow the three companies to share vessels, port space, and resources in the world’s three largest shipping routes: Asia to Europe, trans-Atlantic, and trans-Pacific. Though the companies are moving…
Image via Flickr by David Villarreal Fernández China’s economy has been booming for the past 15 years, but things are really slowing down. The auto industry is feeling the slowdown, too. New-vehicle sales in China are only half of what they were a year ago. Surprisingly, automakers are not slowing down production to match demand,…
Image via Flickr by DeaPeaJay The world is starting to realize that relying on fossil fuels is not a good long-term strategy. Denmark realized this concept 30 years ago and is now leading the way in renewable energy with their wind turbine farms. They hope other countries will follow suit and change the way that…
Image via Flickr fervent-adepte-de-la-mode More and more brands join the sustainable sourcing movement each year. Ralph Lauren Corporation is one of the latest companies to make a commitment to manage its supply chain in a way that benefits the environment. The company has new sustainable sourcing guidelines for its wood-based fabric products and will also…