Operational excellence is about five things: driving innovation; managing talent; improving customer retention; ensuring strategy aligns with tactics; and determining optimal enterprise velocity.
There are few issues guaranteed to make environmentalists' blood boil quite like packaging and food waste. From single bananas in plastic wrapping to giant bags of produce that spoil within days, packaging and food waste remain one of the most visible symbols of resource inefficiency and a source of deep frustration for green campaigners and mainstream shoppers alike.
A recent Deloitte study offers a concise overview of the challenges companies face within their supply chains and how they, in turn, can partner with their suppliers to solve current problems and prevent new ones.
The American Trucking Associations (ATA) has announced a program to engage and shape young executives to be the trucking industry's next great generation of leaders.
GHX has announced Case Xpert and Order Intelligence, reportedly the healthcare industry's first end-to-end supply chain solutions for managing and tracking implantable medical devices, including the physician preference items (PPI) used in operating rooms.
Automakers like Ford rely on thousands of tier-one suppliers to provide the materials, parts and services to make its final products. Many suppliers serve numerous automakers, and each of those suppliers, in turn, has multiple suppliers. Other industries' supply chains (such as electronics) are intertwined into the automotive supply chain. There are often six to 10 levels of suppliers between an automaker and the source of raw materials that eventually enter the manufacturing process. The breadth, depth and interconnectedness of the automotive supply chain make it especially challenging to effectively manage business and sustainability issues.
In the past year, there have been numerous articles debating whether "reshoring" is a myth or really happening. For example, the cover article of the April 22, 2013 issue of Time magazine was "Made in USA - Manufacturing is Back - But Where are the Jobs?"
BASF, Dow, DuPont, Honeywell and the rest of the American Chemistry Council's member companies have pledged to implement 11 industry best practices to evaluate and improve their product safety performance.
Big data may seem to promise big insights to users, but more isn't always better, cautions statistician Nate Silver, who became one of America's most well-known faces of data analysis after his FiveThirtyEight blog accurately predicted 2012 presidential election results in all 50 states.