According to a recent article in Industry Week on how you could reduce misconduct by making ethics everyone’s business, fraud costs organizations, on average, 7% of their annual revenue. Furthermore, a single incident of fraud in the manufacturing sector costs an average of $441,000 — a number that is higher than the financial services [...]
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I was intrigued as to what direction an article titled Need Cash? Look Inside Your Company would take, found in the new edition of the Harvard Business Review, as I know that most companies can find plenty of cash if they just look for it and take the appropriate action. After all, most companies [...]
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Supply Chain Digest recently ran a great piece by Jim Womack, the founder of the Lean Enterprise Institute who points out that while this may be the worst recession some of us can remember, recessions are part of the natural cycle (and severe recessions do happen every two to three decades and they are, in [...]
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The Shared Services & Outsourcing Network recently ran a great article by Leland Forst of The Amherst Group Ltd on mitigating risk when implementing legal shared services that I see as a must read for anyone considering the consolidation of their legal function into a shared service organization. Most organizations outsource traditional back [...]
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A recent article in the Harvard Business Review notes that good contracts are designed to reinforce trust and reduce risk but that there can be a fine line between a good contract and a bad contract which destroys trust and, ultimately, increases risk. A contract that is too detailed or rigid, or one that [...]
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Over on New Florence, New Renaissance, Vinnie Mirchandani has reach his goal of fifty guest author submissions to his Technology and My Hobby series. For those of you looking for something different, but yet interesting, to read … you might want to check this out. To help you find the guest posts related [...]
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The Sourcing Innovation Resource Site, always immediately accessible from the link under the “Free Resources” section of the sidebar, continues to add new content on a weekly, and often daily, basis. Unlike many “resource”, “best of”, or “portal sites” that are abandoned almost as quickly as they are thrown together, the resource site is [...]
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A recent TPMA (Trade Promotion Marketers Association) Outlook contained an article by Bob Houk (of the TPMtoday blog) that expounded on the two-per-channel theory that refers to the idea that retail channels are consolidating to the point that there will eventually be only two significant players in each channel. The article also discussed the two-per-category [...]
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Last September, I introduced you to Kiva, the world’s first person-to-person micro-lending initiative in a post where I posed the question Can Micro-Finance Make a Macro-Difference? after being referred to the site by a fellow hoser. In an attempt to answer that question, I decided to conduct an experiment. Since [...]
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The Global Supply Chain Council recently published an article on managing supplier risks in a downturn that had a good checklist for global companies looking to improve their supply chain risk management. It’s definitely worth an expanded review. As the author clearly points out, focusing on the processes that drive risk rather [...]
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