When assessing areas of risk facing their departments, nearly half (45 percent) of chief procurement officers named supplier risk as a top concern, according to a survey by Consero Group, which creates invitation-only events for senior executives. The results were reported as part of the 2015 Global Procurement & Strategic Sourcing Data Survey.
The Internet of Things is already having a massive effect on business, according to a recent report by Verizon, and by 2025 it predicts best-in-class organizations that use IoT extensively will be up to 10 percent more profitable than they are today.
The latest data and analytics buzz comes from the field of advanced HR analytics, where the application of new techniques and new thinking to talent management is becoming more mainstream.
Applying leverage in negotiations results in a zero-sum outcome where one side wins and the other side loses. This typically means that the winner ends up with somewhat more than 50 percent of their hoped-for result and the loser gets somewhat less than 50 percent since, just as in sports competitions where the potential results are win-lose, lose-win and tie, the use of leverage doesn't allow for combined outcomes above 100 percent. Zero-sum outcomes not only create a relational imbalance, they create hard feelings. People who lose in one negotiation often do their best to turn the tables the next time such that they win - and you lose.
Retailers in the United States are taking a huge risk by underestimating the buying power of the over-50 generation, according to a report by the Fung Business Intelligence Centre.
Ripples of anxiety are likely to be coursing through internet retailers this month. That's because two events - the introduction of the Marketplace Fairness Act in the U.S. Senate and an opinion written by Supreme Court Justice Anthony Kennedy - made it more likely than it has been in 50 years that they will have to collect taxes in states where they don't have a physical presence. If that happens, out-of-state retailers would be compelled to collect sales and use taxes in almost 10,000 state tax jurisdictions that, according to the Tax Foundation, exist across the United States.
The internet already plays an indispensable role in the everyday life of billions. Yet the surface is only being scratched. The potential to bring new and more advantages to individuals around the world, and to benefit billions more people as they gain access, has few limits. Many of these benefits could have their biggest impact in emerging markets; unfortunately, these are the countries in which internet penetration and use often lag.
President Obama announced nearly $500m in public-private investment to strengthen American manufacturing by investing in cutting-edge technologies through a new, textiles-focused manufacturing institute competition led by the Department of Defense, and by sharpening the capabilities of small manufacturers through Manufacturing Extension Partnership competitions in 12 states. The White House, as detailed in a new report, is also launching a Supply Chain Innovation Initiative focused on building public-private partnerships to strengthen the small U.S. manufacturers that anchor the nation's supply chains.