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2012 Study

Although organizations must connect suppliers and customers around the globe, managing worldwide supply chains can cause cost increases and operational challenges, according to the Aberdeen Group's latest research sponsored by Syncada from Visa. The research, "2012 Best Practices for Closing the Loop on Multi-national Transportation Procure to Pay", identifies best-in-class behaviors that enable the top 20% of performers to reduce invoice cost, yet process and pay faster than competitors.

"Aberdeen recently surveyed 191 Chief Supply Chain Officers and found that more than 85% of companies have shipments crossing country borders. Transportation procure-to-pay solutions must support multilingual, multicurrency freight, as well as facilitate banking interactions across broad global geographies," shared Bob Heaney, Senior Research Analyst, Supply Chain Management, Aberdeen Group.

Read more: 2012 Study Reveals: Despite Growing Supply Chains, Top Companies Can Still Reduce Cost and Pay Quicker


Published in
Sunday, 25 March 2012 15:20

UPS pushes logistics to forefront

UPS

It’s been more than a year since UPS stopped asking and started telling.

No longer does the Sandy Springs company prompt customers to consider what brown can do for them. Instead, in its ads, UPS professes its love for the business that pulls its myriad pieces together: logistics.

The $6.77 billion purchase of Dutch package delivery company TNT last week — UPS’ largest-ever acquisition, by fivefold — is another piece of the puzzle that helps the company handle the cross-continental movement of goods, from packages to pallets. But it’s also a steppingstone toward UPS’ goal of providing customers a comprehensive range of solutions that go beyond simply delivering items. The newest tag line — “We [heart] logistics” — and catchy jingle just push the logistics piece to the forefront.

Published in Corporate

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