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Image via Flickr by Marcin Wichary While a company is small, procurement is simple. As the organization grows, however, the process gets muddled and becomes less efficient. For example, the federal government has grown to the point of inefficiency at which it spends $800 per American per year on goods and services! If your procurement…
Image via Flickr by marcopako Millions of Americans grab a cup of coffee from Starbucks on their way to work each morning. In this niche market, smart business decisions mean this coffee chain stays on top in terms of sales. Starbucks leads the market with an efficient supply chain and careful attention to product sourcing.Oops!…
Image via Flickr by Orin Hargraves Genetically modified organisms, or GMOs, are getting a lot of coverage in the media throughout the country. Coalitions along with local and federal governmental agencies are trying to fight against the use of GMOs in the production of crops and livestock, but one company is fighting back. Monsanto, an…
Image via Flickr by jurvetson U.S. manufacturers are canceling out global competition and providing a much-needed boost to the American economy with their increase in April production rates. The data show a trend toward a recovering manufacturing sector, as well as a healthy future. Oops! You don’t have permission to view this page! Make sure…
Image via Flickr by USFWS/Southeast For some time now, it’s been apparent how important it is for companies to assess their risks within the supply chain and create contingency plans to continue operations in the event of an unforseen break down. However, in a new survey by the American Productivity and Quality Center (APQC), fully three-quarters…
Image via Flickr by U.S. Army Environmental Compound According to researcher Anupam Agrawal, a professor of business administration for the University of Illinois, there are several benefits in establishing relationships with suppliers beyond the first tier. However, most companies are neglecting to reach out to such companies. Agrawal recommends companies establishing such relationships by initiating a “sourcing hub”…