We're all familiar with maturity curves, but how helpful are they really? Telling a company how mature they are, based on academic factors, means next to nothing if it's not rooted in practical applications that relate to a procurement professional’s day-to-day work.
Sedex Global, a specialist in aiding companies in the development of responsible and ethical business practices within their supply chains, has partnered with the World Bank Institute to develop the Open Supply Chain Platform.
Over the past several decades, processes to design and build cars, airplanes and products used in various other industries have typically followed a linear, sequential path. This process typically started with product research, ideation and concept development, followed by design and development, prototype and validation, leading to production, launch, operation and, eventually, product retirement.
BNSF will spend $5bn on infrastructure this year, topping its record $4bn investment last year, says Steve Bobb, chief marketing officer. In addition to maintaining and improving service and capacity, BNSF will invest in logistics hubs and other future-focused infrastructure.