Ensuring identified savings get realized using a "savings tracker dashboard" can help build the credibility of the company's procurement function as it fights to brings cost reductions to the bottom line.
Greybeard Advisors LLC
Look to solution providers that can help you build internal support for investments in supply chain improvement by communicating in "the language of the CFO" and by providing a credible transformation roadmap and business case.
Don't know if B2B outsourcing is right for you? Tap the Total Cost of Ownership methodology developed by a third party consultancy for GXS to see whether outsourcing will save you money.
Don't just be Lean, be responsive: Set up appropriate KPIs to measure and manage the company's ability to be responsive to changes in the marketplace – particularly critical as the economy turns up again.
(Lake Forest, CA)
Horizon's Global Supply & Demand (GSD) database offers a 24/7 window into the worldwide supply and demand for customer-specific part numbers, helping to cut response times, minimize stockouts, liquidate excess inventory and reduce purchase costs.
Data are the best defense against the risks associated with distressed suppliers. Ensure you have the tools necessary to provide increased visibility into supplier information and a better way to manage the flow of supplier data.
Insight into material substances used in products and processes is vital. A critical inflection point in manufacturing history was overshadowed by economic woes: An abrupt shift from traditional supply to regulated, “green” chemicals and materials. Inventory is dangerously lean. When demand improves, it will be met with skepticism and conservative production. Companies must secure traditional supply, while competing for new eco-friendly materials. Winners will be those who avoid supply interruption, breeze over regulatory hurdles, and make the green transition before their peers.
Leverage tools that give you visibility into supplier operations and quality programs (such as Six Sigma) to ensure that the products meet requirements.
Infor believes that supply chains can be chaos-tolerant, with tools like supply chain network design enabling companies to plan, manage, and implement supply chain strategies that take into account that the world is a messy, unpredictable, and scary place. Through this realization, supply chain managers can save the enterprise because they are prepared for any situation—whatever that situation may be.
Inmar CLS Reverse Logistics
In good times and bad, returns can be a supply chain killer. A leading fragrance manufacturer lacked an established returns processing system and warehoused a staggering 17 million units of unprocessed returned items. Within a short time Inmar CLS enabled the company to achieve an 80 percent asset recovery rate, resulting in annualized savings of $5.9 million.
A leading entertainment company leveraged a production team from InnerWorkings to manage all its point-of-purchase, direct mail and promotional items, resulting in significant savings.
Insight Sourcing Group
The reduction of supplier inventories in the downturn could result in severe shortages in a rapid upturn. ISG is helping companies develop supply assurance clauses in major contracts, leveraging the suppliers' desire for the business that is out there today to protect their clients' ability to respond when the market turns.