The Trouble With Extroverted Execs (and the Upside of Introversion)

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…

electronics, components, storage, Partstat

The Evolving Definition of Long-Term Electronic Component Storage

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…

Direct vs. Indirect Supplier Management: A Closer Look

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…

Looking Ahead: What Servitization Will Look Like In the Second Half

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…

How a Supply Chain Planning System Drives Total Value, Part 2

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…

How a Supply Chain Planning System Drives Total Value, Part 1

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…