When a manufacturer owns or controls its suppliers—often with the aim of managing availability, quality, and cost—that’s called vertical integration. While common practice a century ago, vertical integration has fallen out of favor …
The push to increase manufacturing in the US is continuing to garner headlines, with Wal-Mart taking positive steps to increase the number of US-made products in its stores and new government programs to bolster manufacturing and train people to fill the jobs being created.
China has become the world’s factory because of the availability of lots of labor at very low rates, but many of these outsourcing decisions were made a decade ago and conditions have been changing . . .
Sustainability is an important part of corporate social responsibility but procurement professionals determine how the actions of supply chain partners can negatively affect corporate reputation and the social responsibility policy.