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Supply Management

Read http://www.industryweek.com/procurement/managing-supplier-information-dynamic-environment ( Minter, S. (2009). Managing Supplier Information in a Dynamic Environment. Industry Week/IW, 258(10), 22.), and answer the following questions:

  1. In the article it mentions that buyers and suppliers need more insight into trade compliance. What examples can you give that illustrate the benefits and/or challenges with having or not having this insight?
  2. Information systems can also help companies deal with concerns about risk in the supply chain. Outsourcing processes and logistics can offer great financial benefit; however, control of information needed to manage the process is a major concern. Discuss some of these challenges and the solutions that a company might need to implement to resolve them.