As chief procurement officer for Nortel Networks Ltd. during the downturn in the optical business in 2000, I had to preside over the management of billions of dollars of excess material. This is not something I ever want to have to do again, and I am sure none of you want to do it, either. […]
Avoiding Inventory Overload Read More »
Corporate governance is a pretty dry subject in the best of times, but it just may become a bit more interesting, particularly if we have gotten it wrong and it turns out to be the source of the current worldwide economic crisis. The Occupy Wall Street protests clearly show the people’s frustration with high unemployment
An Inevitable Clash Read More »
In our work at freebenchmarking.com, one of the surprising findings is the amount of cost reduction available to companies by just implementing pricing that they have already achieved with suppliers. In times of economic uncertainty and with price reductions getting more difficult to achieve, companies can’t afford to let profits leak away. We see two
Savings in Your Backyard Read More »
