One of the biggest challenges that many businesses face is figuring out the cheapest and most efficient method for shipping products to customers. Several tools are available for comparing ground shipping routes and prices, but this convenience didn’t exist for air shipping until this year. To help carriers determine fair air freight pricing, John Peyton…
China has become the leading manufacturer of goods in the world, but economic changes in the country are causing a shift in thought. For instance, wages for Chinese workers have tripled over the course of the past decade. This is causing manufacturers to move some outsourcing to countries where worker wages are still low. As…
One reason why Wal-Mart has been able to expand so rapidly and beat out their competition is the fact that they control almost all of their own warehousing and shipping in house. Wal-Mart has several warehouses across the U.S. with their own fleet of trucks. However, that’s all about to change as Wal-Mart welcomes their…
Ferrari is one of the best known high-performance vehicle brands around the world. Customers expect nothing but the best, and Ferrari delivers. That’s why the company has been so successful to date. However, demand for the Ferrari brand in new markets is presenting challenges to its supply chain. Ferrari must produce more vehicles without compromising…
Ebay hopes to make selling to overseas buyers from China more affordable and streamlined. That’s why they just partnered up with Winit Corporation, a logistics service provider in Shanghai. The two companies signed an agreement for Winit Corporation to provide eBay with supply chain services. This will facilitate faster delivery of goods from warehouses to…
According to a report by Forbes, “Global healthcare major Abbott Laboratories has agreed to acquire Russian pharmaceutical company Veropharm for between 13.6 billion and 17 billion rubles ($395 million – $495 million) in an all-cash deal. Veropharm is one of the leading generic drug manufacturers in Russia and the deal is likely to give Abbott…
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…
The very monotonous nature of the supply chain presents a unique opportunity for supply chain managers that few are aware of and even fewer use to their full advantage. Day after day, week after week, and year after year, companies go through the same processes of acquiring raw materials, shipping them to manufacturing facilities, turning…
Supply chain management is often taken for granted in the business world. Regardless of industry, the supply chain is the backbone of any company. It begins with procuring the materials or services needed to create the end product and continues until the finished goods are in the customer’s hands. This process typically involves a range…
The procurement industry is full of its share of headaches. Individuals working in supply chain management are faced with challenges everyday. You’ll find the biggest obstacles discussed below, along with tips to overcome them.