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:
- 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?
- 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.