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.
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.
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 developed world sends billions and trillions of dollars to foreign governments each year in the form of aid. In the past, these funds were often reinvested back into the donor country through trade and public procurement programs. Today’s world leaders are working to change that.
Auditors are very important to the procurement process. They play a big role in preventing fraud and ensuring proper spending. Most auditors have skills that are quite beneficial to the procurement process, but how involved should they be in making decisions and policies?
Within the last decade, the corporate world has finally given supply chain management the attention it deserves. Experts have recognized the integral role the supply chain plays in daily operations and, ultimately, the overall success of a business. Ideally, supply chain management is a seamless collaboration between every department within a company. Supply chain policies…
One of the biggest debates in the world of supply chain management is whether it’s better to centralize or decentralize procurement and logistics operations. Greenland Contractors, in charge of daily operations at Thule Air Base, entered a partnership with Arctic Import of North Denmark that will streamline their contracts.
The Columbia Pike streetcar project was the focus of many debates among residents and officials in Arlington, VA when it was first proposed. The $249 million transit system will offer transportation between Bailey’s Crossroads in Fairfax and Pentagon City. With the project approved, the next step was to begin the procurement process. Rather than the…