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Think Tank
Business Strategy Alignment: Page 513
Driving Savings in Your Transportation Spend
Optimizing transportation costs includes analyzing agreements, auditing invoices and assessing value-added processes, says John Haber, founder and CEO of Spend Management Experts. But it's also about identifying contract "gotchas" and "smoke-and-mirror" pricing.
Customer Analytics Help Netflix to Know What Your Tastes Are
Netflix executives John Ciancutti and Todd Yellin are trying to create a video-recommendation system that knows you better than an old friend. It's a critical mission as Netflix faces pressure from its internet video rivals and subscribers still smarting from recent price hikes.
Does Best Buy's Recent Experience Suggest the Future of Big-Box Retail Is a Wasteland?
Best Buy's decline reflects a cultural shift that's reshaping the retail world. All big-box stores, and Best Buy in particular, thrived in an era when comparison shopping meant physically going from store to store.
Too Much Information? Not Necessarily if You Have Right Data Integration Tools
The exponential growth of data from a widening array of sources is making the term "Big Data" a hot topic among corporate executives from businesses of all sizes across nearly every industry.
Is There a Payoff from Having Diversity in Top Management?
There are many reasons companies with more diverse executive teams should outperform their peers: fielding a team of top executives with varied cultural backgrounds and life experiences can broaden a company's strategic perspective, for example.
Del Monte Foods Puts Its Head in the Cloud
Never mind the naysayers: Del Monte Foods is a big believer in cloud technology. In just three years, the $3.7bn company has placed its entire inbound supply chain in the cloud. The result, according to senior manager of global trade compliance Brian White, has been tighter relationships with suppliers, and greater visibility of product in the pipeline.
Dorman Products Transforms Its Demand-Planning Process
With sales of roughly half a billion dollars, Dorman Products is one of the world's leading manufacturers of automotive parts for the aftermarket, selling more than 100,000 distinct products. The company has experienced sharp growth over the past four years, says director of corporate forecasting Donald H. Mitchell. Recently, it saw the need to transform its demand-planning process, in order to create "a more transparent environment."
The Challenge of Lean Collaboration for OEMs, Contract Manufacturers
A conversation with Jay Hollenbeck, director of business solutions with Flextronics.
Cuba: Your Logistics Hub in the Caribbean?
With the Panama Canal expansion on schedule for completion in 2014, supply chain specialists are anticipating a logistical hub to surface in the Caribbean Basin.
Processing Costs, Green Initiatives Among Reasons Why E-Invoicing On the Rise, Study Finds
A rising percentage of organizations are choosing e-invoicing to reduce processing costs, accelerate approval cycles, and increase on-time payments, according to a PayStream Advisors study sponsored by Syncada from Visa. Internal pressures such as green initiatives and increased centralization contribute to e-invoicing adoption, as do external changes, including global supplier requirements. The study recommends first implementing top tier customers to achieve the most financial and operational impact.
There Are Several Ways to Liquidate Your Slow-Moving Inventory
Slow-moving merchandise is one of the many nightmares an online retailer has to consider - and a problem that needs to be addressed. Non-moving inventory stresses both retailers' operations and budgets because it ties up both precious warehouse space and capital that can be used for other products or business expansion.
Markets of Developing Nations Are Very Attractive, But Lack of Talent Is a Problem
With much of the developed world mired in slow growth and fiscal austerity, many companies find the strong economies and rising incomes of certain emerging markets quite attractive. But there's a catch: talent is increasingly difficult to find and hold onto in such countries as Brazil, Russia, India, and China (BRIC).
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