Do you sometimes get the feeling that you’re spending too much for transportation, technology and energy?
You may be right.
According to a mid-year review of supplier pricing and supply chain spending trends, NPI estimates that today’s manufacturers, distributors and retailers will overspend more than $415 billion in 2010.
NPI’s research included an analysis of spending trends for manufacturing, retail, industrial and other supply chain-focused organizations within the S&P 500. In addition, the firm also analyzed pricing data for top suppliers in three specific spend categories: transportation, technology and telecom, and energy.
Here are a few specific results from the research, along with NPI’s recommendations to rein in overspending:
Transportation –NPI estimates that supply chain organizations will overspend $124.5 billion on shipping and logistics services this year. For instance, companies will: (more…)