The Inovis Blog

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Sourcing goods and materials overseas is nothing new, and companies continue to recognize significant benefits through global sourcing. In fact, a recent post by David Morgenstern on supplyexcellence.com highlighted some interesting statistics around low cost country sourcing (LCCS). The most interesting figure that caught my eye was that best in class companies are spending about 40% of their direct materials dollars through low cost countries and, in doing so, are recognizing an average cost savings around 20%.

So global sourcing is a no-brainer, right? Well, yes, IF you can effectively manage the additional complexities that come with doing business in low cost countries - complexities such as extended supply chain cycles and partners that are not accustomed to following standards that you expect from your standard suppliers.

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ASC X12 has made significant strides in repositioning their go forward strategic focus to ensure support for every industry over the past year. Recent changes has included sponsoring conferences, partnering on best practice models for secure data exchange and focusing on automating processes, not just exchanging data.

The June Trimester acknowledges the 50th Anniversary of the Berlin Air lift, which was the first real use of electronic data exchange, albiet less structured. The change in X12’s mission is in direct response from industry requirements and the changes which have happen in business since the organization was originally launched in 1979 due to the increasing requirements for B2B automation and standardization of messages.

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I was finishing up my daily reading for the day, and came across this interesting post on Supply Chain Digest. It seems that as a green initiative, Con-Way Truckload is lowering the maximum speed from 70 to 65 for its fleet of 2700 tractors as a means to save fuel. The carrier is hoping to save 2.8 million gallons of diesel fuel annually and reduce carbon emissions by approximately 62 million pounds per year through this plan.

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