“When the well is dry, we know the worth of water.”, Benjamin Franklin It was a cold winter day in Minneapolis. The security guard at the gate warned me of frost bite walking from the parking lot to the corporate offices of a client. So, I scurried along with snow crunching under my boots. I [...]
Most organizations have a diverse spend portfolio that includes many simple, several moderately simple and a few complex spends. To address each spend appropriately, we need to understand the dynamics that make each event complex. For starters, let’s look to another ‘multi-faceted’ puzzle; the Rubik’s Cube. Invented in 1974 by Erno Rubik, Rubik’s Cube has [...]
This study of 349 companies shows that granular supply chain visibility is a key component of the infrastructure needed to build an agile and responsive supply chain network. The report examines how Best-in-Class companies use visibility to more effectively respond to changes in market conditions and potential disruptions, focusing on the execution-related aspects of supply [...]
From Industry Week: “Manufacturers today face three significant organization-related challenges: maximizing profits, conserving cash flow and creating shareholder value. One way to solve these challenges, suggests consulting firm TMG-IMC, North America, is through the process of EBITDA (earnings before interest, taxes, depreciation and amortization) optimization.
