The Monthly Metric: Inventory Turnover Ratio

This month’s installment of The Monthly Metric coincides with the latest offering from the #ISMMagContentCafe: “Supply Chain and Procurement Key Financial Performance Metrics,” by Paul Lee, Research & Analytics Director at Institute for Supply Management® (ISM®). Published in the INSIDE Metrics digital supplement in August 2014, the article details a survey of supply management leaders on the … [Read more...]

The Intersection of Freight and Compliance

By Cindy Yamamoto In 2010, two bombs hidden in printer cartridges were shipped from Yemen to Chicago. In a matter of days, they moved by truck and air through four countries before one was intercepted in Great Britain, the other in Dubai. The incident triggered a global response and called attention to vulnerabilities in the international freight transportation network. Security and the … [Read more...]

Contract administration success is focus of seminar

Often, the biggest barometer of a contact’s success are the post-signing actions of the parties involved, not the words on the document itself. Ensuring it’s all about action, not words is the job of the contract administrator. “Administering Contracts: From Award to Completion,” an ISM Seminar next held July 11-13 in Pittsburgh, is designed to teach administrators the best practices that … [Read more...]

Projected food price decrease welcomed, but ‘uncertainties’ remain

When it forecast a 10- to 17-percent decrease in beef prices across all primal cuts this year, SpenDifference didn't mince words, calling it "the biggest story of the year" for chain restaurant operators and supply chain professionals. Richard Pineda is looking at many of the same indicators, and the vice president, supply chain at Pieology Pizzeria says the projections are encouraging. But his … [Read more...]

Bad Things Can Happen to Good Cargo

By Dave Zamsky, UPS Capital Supply chain professionals face more challenges now than ever before. As companies seek to develop a foothold in new markets or source from lower-cost countries, supply chains must deal with tighter demands on cost, transit time and quality. There are a number of challenges, including multiple modes of transportation, customs, different currencies, several languages, … [Read more...]

Where’s the (Omnichannel) Profit?

Providing customers with a seamless shopping experience is taking its toll on companies as they try to adapt their supply chains to the meet the “buy-anywhere, deliver-anywhere” demands of customers today. Retailers and consumer goods manufacturers are spending an enormous amount of money, energy and time improving their omnichannel sales capabilities. However, The Omni-Channel Fulfillment … [Read more...]

The Benefits of Sustainable Inventory Management

By: Andy Hehl, Pine River Group As the trend in green building increases and regulations in the industry drive product choices, consumers are becoming more aware of the direct environmental and economic benefits of this emerging trend. This shift to green building means changes for inventory management, as the adoption of sustainable products could affect stocking decisions and budgets. … [Read more...]

What Free Holiday Shipping Means for Target

In late October, Target announced it would offer free shipping for all online orders placed from October 20 to December 20, 2014. While this move is intended to help erase the negative effects following its data breach last holiday season, what will this mean for its supply chain? “Target will get a strong idea of how strong their technology and processes really are as a result of this … [Read more...]