The pace at which companies are adopting circular economy business models has been accelerating for the last two decades - and it has evolved from a specialist concept to a mainstream business strategy.
The cost of global food waste and loss is estimated to be $940bn a year. For businesses, this represents a significant proportion of shrinkage in retail supply chains, and it has a direct impact on companies' triple bottom lines. Does digital hold the solution?
It only makes sense that The 3M Company, with a business model resting almost entirely upon technology, would eventually get around to deploying it as a tool for realizing new operating efficiencies, while meeting rising customer demands for service.
The digital imperative is driving companies to seek new sources of value for their customers, but this mission is difficult within the often cloistered confines and bureaucracy of their headquarters. Seeking to foster a culture that is more akin to startups than the corporate motherships, many large enterprises are cultivating innovation in digital labs and incubators.
Most manufacturers understand that skillful management of service parts operations is critical to reducing costs and optimizing stock levels throughout a supply chain network. But very few are actively leveraging the after-sales side of business as a source of greater profits.
The latest news, analysis, trends and solutions regarding product lifecycle management and its impact on supply chain management. New developments in product lifecycle software - which manages product information from design to disposal - are transforming the way companies operate and allowing them to stay ahead of the competition in their industries. As these solutions continue to evolve, businesses are discovering new ways to increase efficiency and cut costs. Learn how companies around the world are using product lifecycle management solutions for supply chain optimization.
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