GENCO Receives Logistic Quarterly’s Best Third-party Logistics (3PL) Sustainability Award for Groundbreaking Vested Outsourcing Project with Major Computer Manufacturing Customer A PRNewswire release issued by GENCO on October 6, 2013. Project achieved 50 percent reduction in scrap, 40 percent reduction in transformation costs, and a major reduction in on-hand inventory dollars
Vested
Halloween and the Scary Art of Negotiation
It’s Halloween. Time for kids to dress up and go trick or treating. Last year Austin (then age 7) went as an artist. This year he insisted he wanted to be an artist again. I was trying to negotiate with him to “be” something more fun (or scary) this year and to “change things up.” […]
Catching Up on Ketchup
Because I’m so familiar the McDonald’s “System” and its “three-legged stool” philosophy, I was somewhat taken aback by a Pittsburgh Post-Gazette news report that McDonald’s is dropping Heinz ketchup from its menu—after more than 40 years. The article implies that the breakup came about at least in part because Heinz recently hired Bernardo Hees as […]
Googling It and Outsourcing
I just got back from the Sourcing Interests Group fall summit in Ft. Worth and as usual was thoroughly impressed with the fantastic job they do at these events. I had the opportunity to chat with David Natoff, Head of Procure to Pay for Google, after his insightful presentation on the “search for outsourcing excellence […]
Yoga Gear Needs Alignment Too
Getting your supplier relationships right is more and more a question of getting and then nurturing the relationship’s alignment. Supplier relationships are not only vital to the financial health of your company, but can also be a key driver to overall brand health. These thoughts occurred to me as I listened to a short Wall […]
Talking Logistics — October 2013
Getting to We: A Conversation with Kate Vitasek and Jeanette Nyden by Talking Logistics Ready to “walk the talk” on creating highly collaborative business relationships? In this episode, Kate Vitasek and Jeanette Nyden discuss the key points from their recently published book, Getting to We, which “flips conventional negotiation on its head and shifts the perspective to […]
Outsource Magazine — October 2013
Stewart and Plotkin, the Prisoner’s Dilemma and Generous Strategies Column by Kate Vitasek published Oct. 16 in Outsource Magazine online. I’ve been a game theory fan for many years, particularly as it relates to showing that cooperative behavior indeed creates true “win-win” situations. So I was excited to read a work of University of Pennsylvania […]
Innovate Your Innovation Strategy (Part II)
Last time, I talked about the need for collaborative innovation in strategic relationships that emerges from both inside and outside companies. At Procter & Gamble innovation has always been a prime imperative. That focus intensified in 2000, when A.G. Lafley took the helm as P&G’s CEO. He set out to reinvent the company’s innovation business […]
General Mills, Suppliers, Innovation Strategy and the Power of We
Some interesting and encouraging insights regarding the company-supplier interface came out of the recent General Mills 2013 Supplier Summit where Tim Coats, vice president of Worldwide Sourcing for General Mills, kicked off the spring event by sharing his belief in “The Power of We” with a theme of Connect, Create, Elevate! Maerenn Jepsen, an external […]
RVCF Link – September 2013
Five and Ten: Five Rules and Ten Steps for a Successful Supplier Contract Article on the Five Rules and 10 Elements by Kate Vitasek and Joe Tillman. Alignment, communication and collaboration are crucial for an effective buyer-supplier retail value chain. That’s easy to say, not necessarily easy to accomplish… Here’s the link: https://www.rvcf.com/page/RVCF_LINK_13_09_02/?
