Extroverts command attention. They inspire confidence and always make a great first impression. That’s part of why ‘extrovert’ and ‘executive’ have become almost synonymous. There’s no denying that extroverts excel at winning over stakeholders. Recent research suggests, however, that charismatic, energetic extroverts might not always excel at driving results. A new study identifies a link…
In some industries, most notably healthcare and aerospace, the need for secure, climate-controlled, long-term inventory storage facilities needs no explanation. A typical Boeing 747, for example, will endure approximately 35,000 depressurization cycles — roughly 30 years’ worth of flights — before decommission, while an MRI machine can be continually upgraded and repaired to last as…
It’s no mystery why approximately 81 percent of small and medium businesses maintain a social media presence. With 3.5 billion users worldwide, social media is a dream come true for businesses looking to reach a ton of potential customers. Digital marketing over social media is a trend that continues to grow, as more businesses jump…
Back in the day, when factories served as the templates for developing business processes, the distinction between direct and indirect procurement spending was pretty straightforward: direct spend was focused on the things that went into your product – raw materials, components, subcontracted manufacturing services, and so on. Indirect spend, which some have leeringly referred to…
The internet of things (IoT) has taken the world by storm in recent years. Everything from appliances to cars to handheld devices are connecting people to data and services like never before. However, with those connections come amazingly complex and effective devices and thus the need for greater control and interoperability between highly dispersed teams…
As digital transformation rolls out and more supply chain operations come online, the need for synchronicity across all systems is growing. The answer is a streamlined platform and management system. As a business model designed to synergize processes, tools, and communication largely through a single, scalable network, a platform creates value from the exchanges made…
The midpoint of the year not only brings new challenges and opportunities, but also provides the chance to reflect and plan for the months ahead. The fast-approaching servitization-centered economy, where companies will no longer sell just products, instead owning the responsibility for the business outcome those products deliver, will encourage a shift to subscription-based businesses…
Editor’s note: This is the second article in a two-part series examining how a supply chain planning system model can improve customer service and drive total value creation. Supply chain complexity has increased exponentially over the past several decades because of globalization, consumer demand for increased product customization and the development of multi-functional business processes…
Editor’s note: This is the first of a two-part series examining how a supply chain planning system model can improve customer service and drive total value creation. Supply chain complexity has increased exponentially over the past several decades because of globalization, consumer demand for increased product customization and the development of multi-functional business processes to…
Apple and Qualcomm announced that they have dropped all litigation in a multi-billion-dollar patent licensing dispute that has dragged on for more than two years across courts in China, Germany, and the U.S. However, the sketchy details of the settlement leave many unanswered questions. Under the deal, Apple will pay Qualcomm an undisclosed fee. Qualcomm…