Businesses are continuing to shift resources from brick-and-mortar and other traditional sales channels to an e-commerce environment. What began primarily for business-to-consumer shopping is being emulated by merchants in the business-to-business sector, and has thus far been successful.
Wide-scale deployment of emerging technology that converts used, non-recycled plastics into oil could generate up to $9bn in annual U.S. economic output and create upwards of 40,000 domestic jobs, according to a report released by the American Chemistry Council.
Think of the typical corporate merger as the meeting of two ocean liners. It's tough enough to combine the crews. But how do you mash together two engine rooms?
Despite ongoing economic and business environment challenges, world-class procurement organizations continue to outperform the peer group by a wide margin, up to $6m in cost savings for the typical large company. They deliver services at 19 percent lower cost with greater effectiveness and require 27 percent fewer full-time-equivalents (FTEs) per $1bn in spend. For many, efficiency gains have reached their practical limits. What's next?
Despite concerns about rising costs and a lack of qualified workers, purchasing and manufacturing executives at mid-sized U.S. industrial manufacturing companies remain optimistic about revenues and employment for the balance of 2014 and going forward.
What's the definition of a high-performing supply chain today? Puneet Saxena, vice president of manufacturing solutions strategy with JDA Software, lays out the five core tenets of excellence.