Tomas Montin of Nynas explains how Nynas has integrated the supply chain with Matrikon Resolution, enabling optimisation of the refinery production across the business
Nynas is a successful player in the international oil market, with 850 employees in more than 30 countries and sales of about USD2B per year. Key Nynas products are bitumen, base oil, transformer oil and process oil. Nynas is owned by Petroleos de Venezuela and Neste Oil.
In the late 1990s, Nynas was faced with serious business challenges arising from fragmented data sources within the supply chain.
Computer maker Dell has announced that it plans to restructure its current supply chain and procurement setup.
The recent creation of a global operations organisation, to be lead by Michael Cannon, should enable Dell to combine its current manufacturing, supply chain and procurement operations in order to boost overall efficiency and reduce costs.
It’s been one year since Con-way, the freight transportation and logistics services company, named Mitch Plaat as its first chief procurement officer. His charge: Improve efficiency and identify savings opportunities.
As many purchasing executives new to this post have experienced, Plaat has had his share of challenges. But there were also opportunities along the way for him and his team to make changes that already are helping Con-way be a more successful company.
As sourcing is now regarded as a global game, its use as a key strategic tool is creating numerous opportunities and advantages for those who manage and deploy it well. But just how many organisations actually know the strategic value of their outsourcing activities?
This report, based on global research conducted by KPMG provides an insight into the current state of play in the global sourcing environment, and highlights significant opportunities for organisations to better capitalise on the strategic value of outsourcing.
Through the 1990s, Coors Brewing Co. of Golden, Colo., like so many other consumer packaged goods companies, hadn’t placed a lot of focus on procurement and supply management as a key business driver. Companies were continuing to grow and build revenue in the marketplace without an emphasis on managing supply costs.
These days, it’s a tight supply market in the mining business. Mines are being strained to capacity because of burgeoning demands for raw materials around the world, especially from China and India. The mining supply industry tends to be narrow, with few suppliers specializing in the products and services required to keep mines running. While some procurement executives might find beads of sweat forming on their brows as they face these challenges, Lance Throneberry, director of supply chain management for Newmont Mining Corp. in Denver looked at the situation as an opportunity to create a completely new procurement structure, one focused on efficiency and effectiveness.
Ariba, the leading spend management solutions provider, has announced that Ingram Micro, the world’s largest technology distributor, has selected its on-demand software and services to power an enterprise-wide strategic sourcing initiative and accelerate the speed with which it delivers results. Under the terms of a recently signed agreement, Ingram Micro will utilise Ariba’s on-demand sourcing software, deep commodity expertise and services to drive savings and efficiencies that will benefit its operations and customers. A robust and flexible offering, Ariba Sourcing On-Demand integrates the technology, expertise and services needed to create effective markets for a wide range of direct materials and indirect goods and services with best practice processes that companies can implement to improve the efficiency and effectiveness of their procurement operations and create value across their entire organisation.
SciQuest’s source-to-settle solutions to bring substantial cost savings to the institution
RESEARCH TRIANGLE PARK — SciQuest, Inc., a leading provider of on-demand supplier management and procurement automation solutions, announced that the University of California San Diego (UC San Diego) has chosen SciQuest e-Procurement solutions to consolidate numerous procurement functions across the campus into one user-friendly system.
UC San Diego will ultimately implement SciQuest’s HigherMarkets application as well as the Contract Manager, Sourcing Manager, Settlement Manager and Supplies Manager modules, bringing all major procurement functions under a single managed solution called “Marketplace”.
NEW YORK, Feb. 13, 2007 (PRIME NEWSWIRE) (PRIMEZONE) — Joseph Vales and Gil Parker, the market leaders in providing business development and marketing services to the global Software industry, Information Technology Outsourcing (ITO) industry, and Business Process Outsourcing (BPO) industry, are the authors of the “World-Class Buyer” column in the Thinking Points section of SharedXpertise’s forums (www.sharedxpertise.org). SharedXpertise is the world’s definitive source of expert-and-peer based knowledge and insights for organizations examining or engaged in business process and function transformation through outsourcing, offshoring or shared services. Thinking Points is a collection of columns from the thought leaders in the shared services and business process outsourcing industries.
NEW YORK, Feb. 15 /PRNewswire-FirstCall/ — Avon Products, Inc. (NYSE: AVP) today announced that it expects annualized benefits from Product Line Simplification (PLS) and its Strategic Sourcing Initiative (SSI) to exceed $400 million when fully realized. Avon management will review these initiatives and its business strategies at a company-sponsored investor meeting here today. The meeting will be webcast live beginning at 9:00 A.M. Eastern Time, Thursday, February 15, and later will be archived on Avon’s investor website, http://www.avoninvestor.com/.
Coupled with savings from its previously announced restructuring program, Avon said total savings and benefits from the combined initiatives are expected to exceed $700 million.