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Image via Flickr by epSos.de 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…
Image via Flickr by familymwr Advances in web technology have opened a door of opportunity for procurement professionals. With an automated procurement system, including pay-to-procure, in-house, and stand-alone marketplaces, e-procurement provides a means for reducing costs, standardizing processes, and more. It’s a tactic being used by government agencies and companies in both private and public…
Image via Flickr by gagilas Information management is at the top of the supply chain. Big data, and the innovative algorithms that drive it represent the future of supply chain management and the way companies will interpret bottom-line figures. As new technologies abound, companies are becoming even more creative with the way they analyze and…
Image via Flickr by RambergMediaImages The Global Marketing Index (GMI) released monthly by Warc shows an upward trend in marketing spending across the world. The GMI stood at 51.7 points in February 2013 and rose to 52.4 points for March 2013. This is the highest GMI reading since April 2012, good news for the worldwide…
Image via Flickr by Tecfan According to the BBC, “Food prices are rising in parts of Russia and experts say the state embargo on imports of Western food appears to be making things worse. Since the ban was imposed on Aug. 7 imported pork used in processed meat in Moscow has gone up by 6…
Image via Flickr by SteelMaster Buildings The London Metal Exchange (LME) decided on new regulations this past Thursday, Nov. 7, aimed at addressing bottlenecks of metals in its warehouses. According to The Wall Street Journal, these bottlenecks are usually caused when warehouses reserve metals for traders and bankers, which are using it to raise working…