September 2012 Interview ESM Magazine

Total Page:16

File Type:pdf, Size:1020Kb

September 2012 Interview ESM Magazine AMS.bw.qxd 25/09/2012 14:14 Page 58 ESM | Exclusive Interview MIGHTFly-BuyFly-Buy Elegant, contemporary offices in the World Trade Centre (WTC) in Amsterdam’s Schiphol Airport reflect the pan-European reach of AMS Sourcing, one of Europe’s leading buying alliances. It is here that the animated, charming and very capable Bert Swartsenburg heads up a team of 40 people whose primary business is sourcing and negotiating the prices of private-label products for some of Europe’s leading retailers. With ten shareholders (soon to be 11, when El Corte Inglés joins in January) and three members, AMS is involved with 11,000 stores across 31 countries. Editor Kevin Kelly was invited to visit the company’s headquarters, overlooking the runways of one of Europe’s busiest airports. MS was of Albert Heijn’s XL established hypermarket-style 24 years format before being ago by promoted to managing retailers director for Ahold’s Alooking to leverage the Dutch buying desk, buying capabilities of which led to three years the totality of their as VP for the group’s businesses. With its European sourcing. In shareholders’ combined July 2009, Ahold turnover of €127 agreed that billion, AMS is a very Swartsenburg should powerful organisation take control of the indeed. AMS operation, with An Ahold veteran, the full support of the Bert Swartsenburg spent other nine shareholders. 28 years with the Dutch The AMS managers retailer, and he is very are drawn from much built in the Ahold various parts of the mould. One of the most world, primarily from progressive retailers in its retailer Editor Kevin Kelly meets AMS MD Bert Swartsenburg at the Schipol Airport HQ the world, Ahold has a shareholders. big business in the US, as well as its native manager roles before being made project Swartsenburg says that although the costs Netherlands. Swartsenburg started off as manager for the introduction of the AH in hiring expats tend to be higher than fresh manager in an Albert Heijn (AH) Bonus Card loyalty programme. Following employing people in Amsterdam, they store in Enkhuizen, rising through the a three-year regional manager stint, he was bring tremendous assets, such as language ranks, spending time in two category brought in to head up the implementation skills, an understanding of a wider 58 ESM September / October 2012 AMS.bw.qxd 25/09/2012 14:15 Page 60 ESM | Exclusive Interview deal is handed over to the shareholders to take care of the ordering and payment of the products. Logistics and packaging also come under the remit of the individual shareholder. While some retailers want to be involved in every phase of the process and some not at all, their approval is secured at every stage. Occasionally, AMS joins forces with category managers of its shareholders in negotiations in their respective areas of specialist knowledge. For example, they invited Esselunga executives to join in talks on the price of tinned tomatoes and pasta, an area of expertise for the Italian retailer. Before joining the negotiations, however, a confidentiality and non-disclosure agreement is signed by the shareholders’ expert. “Our staff is knowledgeable, but we are not too proud to ask the shareholders to join us if they have special expertise,” Swartsenburg says. Above: Some of the very professional AMS buying team: Ivo Correia (Portugal), Having myself worked as the general Freya Mendia (Italy), Remy Medina (France), Robbert van der Zalm (Dutch), Magnus manager of a buying group many years Bergendahl (Sweden), Magdalena Asthana (Poland) Petri Mikkela (Finland), and ago, I am well aware of the advantages of May Jorem (Dutch). cooperation. In the case of canned tomatoes, when each of the delegates from marketplace, and, of course, intimate the class in commercial negotiations. Its the partners travels to Amsterdam, they knowledge of the shareholding companies. staff are tough negotiators, but they are may bring one or two potential suppliers, With consumers across Europe ditching also good ambassadors for the but when the ten shareholders disclose branded goods in favour of private label, organisation. their own suppliers, the pot is significantly it is no surprise that Swartsenburg feels Talking ESM through its operational larger. One golden rule is observed by that his company’s position in the structure, it is clear that after 24 years, Swartsenburg and his team: prices business model of its retailers is safe. “We AMS has its system down to a fine art. received by individual members from are becoming more important to these Through three main trading divisions – shared suppliers are not disclosed. The companies. Due to the recession, people food and beverages, fresh and frozen, and Brussels and Amsterdam offices of a are switching from branded to private- non-/near food – the buying alliance renowned international law firm assists label products, and our shareholders are focuses on “everything with a shelf life of AMS in ensuring compliance with expanding their private-label more than ten days”, as Swartsenburg competition legislation, as well as keeping assortments.” Negotiating the best puts it. After setting budgets for the year the company up to date with possible deal for the supply of private- ahead in September with shareholders, the developments in the area. label products, AMS leverages the buying AMS team gets down to business and While touring the offices, I cheekily joke weight of its current ten shareholders, sends out RFIs – requests for information that I am surprised not to hear any enabling them to get the keenest prices in – to members. In the meantime, samples squeals of pain as suppliers’ arms are this lucrative category. When I point out are brought for the shareholders to see in being twisted. A good-humoured man, that many of its shareholders have the boardroom in Schiphol. The business Swartsenburg laughs and points out that sophisticated buying operations of their analysts talk the shareholders through AMS is very much in the intelligence own, and query the value of joining the trends in the marketplace, raw material business. “Sourcing has become much alliance, Swartsenburg was quick to show developments, what went well and was more fact-based. It’s not about power the strengths that AMS brings to the table. unsuccessful in the previous year, the play. We know much more about raw “You always have a very impressive targets for the coming year, and the materials, about the markets. We share return on your investment on your suppliers to be invited to work with the the knowledge between the different membership [of AMS] because if you’re group in the next year. Selected suppliers shareholders – ten people together know not making a saving, then why would you receive quotation requests, which are much more than one person.” If an be with AMS? There are members who returned through an online tool. The next existing supplier approaches AMS for a had a multiple return on their fee in the phase of the process is the analysis of the price increase due to a rise in costs – for first year.” quotations based on the specifications of example, the bottle costs for shampoo – The AMS slogan is ‘Buying Together the individual shareholders outlined AMS will already know the breakdown of Better’, which, the company says, it beforehand. Suppliers are then invited to the constituting parts of a shampoo bottle achieves through connecting companies, negotiations and, after coming to an and know the trends in commodity prices, creating synergies and being the best in agreement, the contract is signed and the so the buyers will have a good idea if the 60 ESM September / October 2012 AMS.bw.qxd 25/09/2012 11:43 Page 61 price increase requested is justifiable. Euro Shopper banner, which accounts for a innovation, ahead of the A-brands.” Swartsenburg says that his team includes small part of group turnover. While some Having grown 20 per cent on average, business analysts who follow the commodity retailers, such as Booker, the UK wholesaler, year on year over the last four or five markets very closely so that the buyers are sell the brand as is, other retailers make use years, Swartsenburg and the team expect aware of any developments that are likely to of the economy product range while placing the same for 2013. The addition of El affect existing or future contracts. it under their own banner. “The economy Corte Inglés to the roster in January will AMS has a supplier portfolio of range assortment, whether it’s Euro Shopper also add to growth. Commenting on thousands, and Swartsenburg ensures me or the economy label of the shareholder, is trends for the coming year, Swartsenburg that the business operates as much in favour jointly sourced. Morrisons’ value olive oil highlighted sustainability as being “hot on of its suppliers as its retailers. “Buying goes in the same tender as Euro Shopper the agenda” for shareholders. “Everyone alliances are seen as tough negotiating olive oil,” Swartsenburg explains. The value wants to make sure that the planet is here monsters, which is not the case. Let there be of the negotiated budget range is reported to to enjoy for generations to come,” he says. no doubt that we get the best prices for our be €1.4 billion. Having started out sourcing only dry shareholders, but for a supplier, groceries, over time AMS has you can reach economies of moved into new categories and scales, you can expand your counts semi-fresh as a volumes, and you don’t pay any significant part of its business, fee to take part in our project. and further range extension in All of a sudden, a supplier has the category isn’t to be ruled access to 31 countries and 14 out.
Recommended publications
  • The Abuse of Supermarket Buyers
    The Abuse of Supermarket Buyer Power in the EU Food Retail Sector Preliminary Survey of Evidence Myriam Vander Stichele, SOMO & Bob Young, Europe Economics On behalf of: AAI- Agribusiness Accountability Initiative Amsterdam, March 2009 Colophon The Abuse of Supermarket Buyer Power in the EU Food Retail Sector Preliminary Survey of Evidence Myriam Vander Stichele (SOMO) & Bob Young (Europe Economics) March 2009 Funding: This publication is made possible with funding from The Dutch Ministry of Foreign Affairs via SOMO and DGOS (Belgian Directorate General for Development Cooperation) via Vredeseilanden (VECO). Published by: AAI - Agribusiness Action Initiatives, formerly called Agribusiness Accountability Initiative The authors can be contacted at: SOMO Sarphatistraat 30 1018 GL Amsterdam The Netherlands Tel: + 31 (20) 6391291 Fax: + 31 (20) 6391321 E-mail: [email protected] Website: www.somo.nl This document is licensed under the Creative Commons Attribution-NonCommercial-NoDerivateWorks 2.5 License. The Abuse of Supermarket Buyer Power in the EU Food Retail Sector 2 Contents Contents ..........................................................................................................................3 Summary .........................................................................................................................4 Introduction.....................................................................................................................6 1. Abusive buyer power problems are being discussed in many fora while a comprehensive
    [Show full text]
  • Corporate Responsibility Report 2005 Kesko Corporate Responsibility Report for 2005 3
    Corporate Responsibility Report 2005 Kesko Corporate Responsibility Report for 2005 3 Contents Contents of the report Contents of the report............................................3 Waste management and recycling ....................... 39 As in previous years, Kesko’s sixth Corpo- now very comprehensive. The implemen- Assurances for online and Review by the President and CEO ............................. 4 Product-related developments ........................... 41 rate Responsibility Report has been pre- tation of environmental systems in sub- printed reports Key facts about the Kesko Group ..............................5 K-environmental stores..................................... 43 pared on the basis of the ‘Sustainability sidiaries outside Finland is still under An electronic version of the printed Key indicators of corporate responsibility Environmental office work programmes ................44 Guidelines on Economic, Environmental way. However, we have obtained waste report containing some complementary for 2003-2005 .....................................................6 Stakeholder cooperation and communications ....... 45 and Social Performance’ drawn up by the management, transportation and energy information is available at Kesko’s Inter- Global Reporting Initiative (GRI). No es- consumption statistics from nearly all Vision of corporate responsibility .............................8 Environmental risks, damage, and incidents .......... 45 net site. Additional information has been sential changes have been made in the companies
    [Show full text]
  • Eyes on the Price International Supermarket Buying Groups in Europe
    SUPPLYING IBGs: A BUMPY RIDE TARGET EXPANSION INTERNATIONAL BUYING GROUP (IBG) Suppliers reveal Suppliers competing detailed information internationally Umbrella Supplier contract ? yummy-juice.com yummy-juice.com ice.com yummy-ju yummy-juice.com Suppliers exposed Detailed negotiations to UTPs with individual IBG members yummy-juice.com yum my- uice.com j com e. uic j y- yumm yummy-juice.com Eyes on the price International supermarket buying groups in Europe SOMO Paper | March 2017 European retailers are in fierce competition with and suppliers are highly dependent on supermarkets to each other over market share. They are continuously sell their products. The number of corporations in the food expanding the number of stores, attempting to reduce supply chain varies from country to country; yet the hour- operational costs, developing private label products glass shaped form of the Dutch retail market roughly applies (a retailer’s own brand), or taking over competitors to countries across Europe (see Figure 1). The model nationally and internationally. In this process, super­ illustrates that there are just a few retailers through which markets have gained extensive buying power,* which food finds its way from a large number of farmers to a gives them leverage to extract ever lower prices from smaller number of suppliers and on to millions of consumers. their suppliers. One strategy through which super­ In the case of the Netherlands, many smaller supermarkets markets aim to increase their buyer power is to work together in a national buying group with the result cooperate in cross­border buying groups. that just five companies effectively control practically all food retailing in this country.5 Supermarkets in Europe have a powerful position in the food supply chain because they are often the single most Unfair trading practices important food retail outlet.
    [Show full text]
  • Finnish Grocery Trade 2009–2010 CONTENTS
    Finnish Grocery Trade 2009–2010 CONTENTS For the reader. ...................................................................... 3 Grocery trade market in Finland, 2008.......................... 5 Grocery trade as part of society ...................................... 6 Key indicators for 2008 ...................................................... 8 Finnish Grocery Trade Association ...............................10 Deregulation for the benefit of the consumer .........11 Responsible supply chain benefits the consumer .....................................................................12 Best operating practices of the store ..........................13 FGTA supports its member companies in environmental affairs ..................................................14 Retail chains more dominant, procurement more centralised .....................................16 HoReCa wholesales as part of comprehensive service ....................................................22 HoReCa wholesalers prosper alongside their customers ..............................................23 Private labels ......................................................................24 Structural change in grocery trade ..............................27 Store types and definitions ...........................................30 Village grocery stores ......................................................32 Kiosk trade ..........................................................................33 Department store sales ...................................................34 Clothing
    [Show full text]
  • FINNISH GROCERY TRADE 2008–2009 Päivittäis Päivittäis Tavara Tavara KAUPPA KAUPPA
    PÄIVITTÄIS PÄIVITTÄIS TAVARA TAVARA KAUPPA KAUPPA FINNISH GROCERY TRADE 2008–2009 PÄIVITTÄIS PÄIVITTÄIS TAVARA TAVARA KAUPPA KAUPPA PÄIVITTÄIS TAVARA KAUPPA List of Contents Responsible trade takes consumers into account ...........................................................3 Deregulation Improves Service ....................................................................................................4 Grocery trade and society .................................................................................................................7 Grocery trade and groceries ...........................................................................................................9 Grocery trade groups ........................................................................................................................11 Key indicators for 2007 .................................................................................................................... 17 Structural change in the grocery trade ...............................................................................18 • Grocery store sales and change in volume and value in 1993–2007 ................................................................................................................................19 • Number of grocery stores by type and group in 2007 ...................................19 • Sales of groceries by type of store in 2000–2007 ...............................................19 • Sales of groceries by chain in 2007 ................................................................................20
    [Show full text]
  • B1988 Juni 2011
    REPORT Initiatives on prevention of food waste in the retail and wholesale trades Financed by Nordic Council of Ministers Åsa Stenmarck – IVL Swedish Environmental Research Institute, Sweden Ole Jörgen Hanssen - Östfoldforskning, Norway Kirsi Silvennoinen & Juha-Matti Katajajuuri – MTT Agrifood Research Finland Mads Werge – PlanMiljö, Denmark B1988 Juni 2011 Rapporten godkänd: 2011-06-30 John Munthe Vice President, Research Organization Report Summary IVL Swedish Environmental Research Institute Ltd. Project title Initiatives on prevention on the retail Address and wholesale trades P.O. Box 21060 SE-100 31 Stockholm Project sponsor Telephone Nordic council of Ministers +46 (0)8-598 563 00 Author Åsa Stenmarck, Ole Jörgen Hanssen, Kirsi Silvennoinen & Juha-Matti Katajajuuri, Mads Werge Title and subtitle of the report Initiatives on prevention of food waste in the retail and wholesale trades Summary This project was initiated by the Nordic Council of Ministers and its waste prevention group. The project has been focusing on the following issues: Amounts of food waste from the retail and wholesale sector Causes for food waste generation Initiatives to reduce the amounts of food waste Recommendations for measures that could be taken to change the present situation The results are based on a literature review and interviews with representatives from the retail and wholesale sector in the Nordic countries. Amounts In all countries there exists detailed information from retail and wholesale chains but from Denmark and Sweden these data have not been made available for the project as they are not public. In Norway detailed data have been made available through the ForMat project. In Finland some chains have provided data within the project and an estimation of the total value has been made.
    [Show full text]
  • Opinnäytetyön Asettelumalli
    Gunda Dorothea Albert MARKET ANALYSIS OF THE FINNISH FOOD MARKET FOR FOOD PRODUCTS FROM SCHLESWIG-HOLSTEIN Degree Programme in International Business and Marketing Logistics 2013 MARKET ANALYSIS OF THE FINNISH FOOD MARKET FOR FOOD PRODUCTS FROM SCHLESWIG-HOLSTEIN Albert, Gunda Dorothea Satakunnan ammattikorkeakoulu, Satakunta University of Applied Sciences Degree Programme in International Business and Marketing Logistics September 2013 Supervisors: Antola, Kati & Lindström, Taina Number of pages: 82 Appendices: 2 Keywords: market analysis, Finland, food market, food retailing ____________________________________________________________________ The purpose of this thesis was to study market research and the main elements of a market analysis to apply this knowledge to a market analysis of the Finnish food re- tail market for companies from Schleswig-Holstein. The client organization for this thesis was the Chamber of Commerce and Industry in Lübeck (IHK zu Lübeck). The theoretical background covers the theory of market research and market analy- sis. In the first part is explained how a research is conducted. The second part defines what is covered in a market analysis. The conceptual framework illustrates the mar- ket analysis conducted in this thesis. Data and background material for the market analysis was gathered from secondary data which was found in online databases, books, articles and was provided by indus- try experts who were interviewed for the purpose of this thesis. Primary data was gathered through interviews with Finpro, the Finnish Grocery Trade Association and the Finnish Food and Drink Industries’ Federation. The market analysis examines the Finnish food and food retail market. This includes Finland as a target market, relations between Finland and Schleswig-Holstein, con- sumer behaviour, import, legal framework, retail, procurement and distribution.
    [Show full text]
  • Ahold Czech Republic
    Ahold Czech Republic Organisační Poradci a Vyzkum Development and Research Organisation Jan Haverkamp Lenka Simerska Jan Haverkamp & Lenka Simerska organisační poradci a výzkum organisation development and research Nad Borislavkou 58 CZ - 160 00 Praha 6 Czech Republic tel./fax: +420.235 361 734 mobile Jan Haverkamp: +420.603 569 243 mobile Lenka Simerska: +420.777 599 729 e-mail: [email protected] e-mail: [email protected] Table of contents Summary.......................................................................................................................1 Acknowledgements ......................................................................................................2 Methodology .................................................................................................................3 Co-operation with the company..................................................................................3 General characteristics of the company.....................................................................5 Business description ...................................................................................................5 Export and import.......................................................................................................8 Employment ................................................................................................................8 Company management..............................................................................................10 Decision making at different
    [Show full text]
  • Copyrighted Material
    INDEX AaramShop 19 location of stores 57 acquisitions 17, 60–1, 79, 80–1, 123, mindspace 245 262 prices 126, 198 Carrefour 44–5 private label 140, 147 China 276 product range 102, 240 international 205–6 quality of products 248 Kraft 70–1 yogurt 157 mindspace 76, 82 Altadis 80 premium brands 246 Amazon 46, 216, 220–4, 228, 236 Rakuten 225 Anheuser-Busch 48, 77, 81 Aditya Birla Retail 273 Appert, Nicholas 4 advertising 2, 10, 16, 45, 94, 95, 111 Apple 41–2, 78, 224, 236–7 Every Day Low Prices 130 Argentina 196, 198 expenditure on 84–5, 169 Ariel 110 in-store 86–7 Armor All 181 Ivory Soap 6 Asda 122, 186, 199 mindspace 79 advertising spend 85 price perception 30, 31 copycat brands 145–6 price wars 48 e-retailing 228 radio 9, 142 George brand 95 television 99, 200 Netto acquisition 123 advice 174 price wars 45, 64 Africa 251 COPYRIGHTEDAsia 58–9, MATERIAL 201, 202, 204, 211, 217 Ahold 17, 24–5, 196–7, 232 Aspirin 43 Albert Hein 245 asset turnover 23–5, 26 Alberto 76 Atlantic and Pacifi c Tea Company (A&P) Alberto Culver Company 76 7–8, 9, 141–2, 197 Albertsons 17 Auchan 127, 186 Aldi 2, 32, 42, 116, 137, 199, 242, 261 emerging markets 209, 272, 274, 275 brand resonance 239 fi nancial data 25 copycat brands 145 internationalisation 197 internationalisation 197 sales 80 bbindex.inddindex.indd 227777 66/1/2012/1/2012 112:24:112:24:11 PPMM 278 INDEX Audi 32 retailers’ branding model 84–6 Aussies Living Simply 42 second-tier brands 98–9, 244, 245–6, Australia 11, 13, 30, 42, 197 251–3, 256 Cadbury 145, 180, 195 sub-brands 94, 95 consolidation 17
    [Show full text]
  • Survival Guide for International Students and Trainees in Lappeenranta
    Lappeenranta University of Technology Survival Guide for International Students and Trainees in Lappeenranta www.lut.fi Survival Guide for International Students and Trainees in Lappeenranta 1. Lappeenranta University of Technology 4 2. Important Practical Matters 4 2.1. Residence / Work Permits 4 2.2. Health / Travel Insurance 7 2.3. Civil Registration 7 2.4. Taxation 8 3. Arriving in Finland 8 3.1. What to Bring Along 8 3.2. How to Get to Lappeenranta 9 3.3. On Arrival / Tutors 9 3.4. Orientation Program 10 3.5. Check-List for International Students at LUT 10 4. Life in Finland 10 4.1. The Country 10 4.2. The Finns 12 4.3. Equality 12 4.4. Way of Life 13 4.5. Visiting Friends 13 4.6. Nature and Seasons 13 4.7. Finnish Currency, Standards or Measurements and Time Systems 14 4.8. Education 14 4.9. Driving License 15 4.10. National Holidays 16 4.11. Sauna 16 4.12. Alcohol and Smoking 17 4.13. Drugs 17 5. Life in Lappeenranta 17 5.1. University 17 5.3 The Cost of Living and Shopping 20 5.4. Health Care 20 5.5. Local Transportation 21 5.6. Banking 21 5.7. Postal Services 22 5.8. Laundry 22 5.9. Cinemas 22 6. Student Life 23 6.1. Student Union 23 6.2. Student Card 24 6.3. University Clubs and Associations 24 6.4. Traditional Events 25 6.5. Sports 26 7. Finnish Language 29 7.1. Pronunciation 29 7.2. Basic Expressions 29 8.
    [Show full text]
  • Finnish Grocery Trade 2005
    taitto_engl2005 24.8.2005 11:05 Sivu 1 Daily consumer goods trade 2005–2006 taitto_engl2005 24.8.2005 11:05 Sivu 2 2 D AILY CONSUMER GOODS TRADE 2005–2006 given to the objectives of FFMA, since the volumes of the BIG PLAYERS SHOULD companies it represents are clearly bigger than those of any HAVE A LOUDER VOICE other field in the trade industry. One would expect the ”euro per vote” principle to have an impact in the broader The European Union’s expansion to the Baltic states in 2004 organisational context: the opinions of a big player should be affected the operating conditions of daily consumer goods heard more loudly in statements concerning the trade industry. trade to such an extent that trade representatives in Finland proposed to the Government measures to secure competitive Discussion about the competitiveness of the Finnish daily conditions for the Finnish foodstuffs chain. In autumn 2005 consumer goods trade often involves the question of food the Government will provide Parliament with a report on prices. To ensure its competitiveness, trade has shown the impact that opening hours and other restrictions, as well initiative and emphasised lighter cost structures. For example, as indirect taxes, have on trade. The report is based on our efficiency per working hour and inventory turnaround material produced by the working group appointed by the closely correspond to other European countries. We cooperate Ministry of Trade and Industry; the working group included with food industry and focus on the management of long representatives of trade and the main Ministries. production chains in our search for more cost-effective ways to get food from the field to consumers.
    [Show full text]
  • Confidential
    The Greening of Home Brands A comparison of the CSR policies of four European Retailers and the influence of these policies on the procurement process of their joint sourcing alliance CONFIDENTIAL Elke W.A.M. Huisman, 5958016 January 2011 Master Thesis Business Studies University of Amsterdam- Faculty of Economics and Business Supervisor UvA: dhr. dr. M.L. van der Veen Second supervisor UvA: dhr. dr. J.M. Pinkse The Greening of Home Brands – Elke W.A.M. Huisman ACKNOWLEDGEMENTS I would like to thank AMS for giving me the opportunity to conduct my master thesis research within their company. In particular from the Fresh & Frozen Team I would like to thank; Magnus Bergendahl, Rémy Medina, Petri Mikkelä and Magdalena Asthana for supporting me directly or indirectly with my thesis. Furthermore, I would like to express my gratitude to Ms. Hertzberger of Albert Heijn, Ms. Martins Ramalho of Jerónimo Martins, Mr. Päällysaho of Kesko and Mr. Züblin of Migros for participating in the interviews. The interviews have been an important contribution to this thesis. Besides, I would to thank Mr. van der Veen for supervising my thesis. For the suggestions he gave during this process, which helped to evolve this thesis. Elke Huisman Amsterdam, January 2011 2 The Greening of Home Brands – Elke W.A.M. Huisman ABSTRACT Corporate Social Responsibility (CSR) has been gaining momentum across the business community within the last decade; furthermore the topic is seen increasingly high on boardroom agendas (Jones et al., 2005a). At AMS Sourcing, a company that is sourcing for an alliance of retailers, some major changes were in sight.
    [Show full text]