The Inovis Blog

2008 has shaped up to be great year for movies thus far. In addition to the release of the recent blockbuster hit Iron Man,  the highly anticipated Indiana Jones and the Kingdom of the Crystal Skull will be released May 22 and Edward Norton will do his best this coming June to convince us he’s a worthy Incredible Hulk. Another great movie to look forward to is Get Smart with none other than Steve Carrell. Maxwell Smart seems a suitable role to compliment his comedic talents, and who didn’t love this classic sitcom?

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Image Source: www.flickr.com/photos/gettinghot/74847703

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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Image Source: sidearmclothing.com

How cool is RFID? Reading through some of the latest news, I read an article about how RFID is being used to keep neighborhood cats out of your personal pet’s cat door, how Vegas is using RFID to track millions of dollars in chips and high-profile guests, and on a more humorous note, how some people who don’t know much about RFID are mistaking this technology for witchcraft…no comment.

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Image credit: weblog.infoworld.com

Supply Chain Management Review recently published a piece entitled Supply Chain Technology Outlook: Spending to Boost Low-Penetration Software. Not surprisingly, the technology needs of companies these days vary depending on size, according to this article.

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