Dennis Polk plans to strengthen partner relationships when he succeeds Kevin Murai as CEO of Synnex on March 1. "I did spend quite a bit of time with the partners in my early years here at Synnex, but the last seven to eight years, I've been focused more internally on the non-distribution businesses, on our M&A (merger and acquisition) strategy, and a host of other projects," Polk says.
Supply chain finance has become common across industries as suppliers accept small payment decreases to get paid faster and buyers adjust to the idea of using third parties, writes Randy Myers. Buyers should be aware of the risks, including the potential for reduced credit lines, says Veronica Wills of the Hackett Group.
Beating a dire cancer diagnosis emboldened Vice Cream founder Dan Shorr to embrace the entrepreneurial spirit while hiring smart people to manage while he tackles strategy and fundraising. "If I find that I am managing the team, I think I have the wrong team as a small company," he says.
Cardinal Health's reconfigured website is scheduled to go live within weeks, consolidating two portals and aiming to focus on branded items, according to executive Matt Wingham. The new site will emphasize a better product experience and is designed to be responsive regardless of device.
Genuine Parts reported fourth-quarter profit of $165.46 million on revenue of $4.21 billion, with profit up 8.5% year over year. Its unit Motion Industries reported a quarterly operating profit of $103 million on revenue of $1.24 billion, and both figures were up from a year earlier.
Adding a transportation-management system and connecting inbound supply chains led AGCO to reduce freight costs by 20% while preserving service levels, writes Steve Banker in a compilation of SWOT analysis examples. Kraft Heinz saw opportunity in using supply chain design to group similar products together and to streamline equipment use, he writes.
A strategic plan requires core competencies, differentiation and financial forecasting along with other components, Ian Heller writes. Strategic planning failures occur when executives "didn't continue the process with specific individuals and teams assigned to develop tactics in each of these areas," he writes.
Consumables manufacturer Gloveman Supplies is migrating all customers to its B2C site after a two-year period during which 20% voluntarily moved over, Chloe Thomas writes. An earlier experiment failed because of incompatibility with credit card processing.
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