Wal-Mart is one of the most successful superstores in America. They sell everything from groceries and clothing to toys and car parts. Wal-Mart has literally become a one-stop shop for anything a family could want. The thing that sets them apart is their "Always Low Prices." Wal-Mart's supply chain is impressive. They take the time to find the best prices for their products and then keep the cost of shipping and warehouse logistics low to delver cost savings to their customers. Wal-Mart wants to be a global brand and thinks they can transfer their supply chain knowledge to other markets. That's why they're looking to expand into other countries, such as India. Take a look at their progress so far.
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Image via Flickr by Scientology Media Profit margins are shrinking, and companies are running out of ways to cut costs to make up the difference. There’s little to be done about the costs of raw materials and goods, and production costs have been slashed as much as possible through automation systems. Inventories can’t be cut…
Image via Flickr by INeedCoffee.com In November, the London Metals Exchange cracked down on the metals warehouses it regulates, such as soda and beer can manufacturers, after years of complaints by metals consumers that the warehouses were limiting supplies and driving up costs. Now, the U.S. Justice Department is getting involved, but refuses to say exactly how…
Image via Flickr by jeremi Reputable companies avoid gimmicks at all costs – including counterfeit goods. However, trustworthy businesses that sell on third-party sites might get “knocked off” the market without even trying.Oops! You don’t have permission to view this page! Make sure you’re logged in and try again, or contact support.
Image via Flickr by raymond_whittaker Businesses build a number of vendor relationships over time, and it’s easy to stick with the same one for year after year, even when they’re not meeting your needs. Ask yourself these questions to determine if it might be time for a change.Oops! You don’t have permission to view this…
Image via Flickr by Timitrius The third quarter of 2013 ended much like the rest of the year for the trucking industry, with basically flat earnings and a gain of just 2.8 percent overall. The new hours of service regulations did have an impact on earnings, but not all the carriers reported exactly how much….
Image via Flickr by bisgovuk Since 2000, supply chain disruptions have been on the rise. Dr. Alan Punter, a risk management consultant with 25 years’ experience, carefully studied the rise to try to identify reasons. The study examined business-to-business processes and how automating these processes can benefit companies in the long run.Oops! You don’t have…
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