Determining the right measurements that will correctly gauge where an organization is positioned with respect to its vision, mission, and goals is the essence of effective performance management. Unfortunately, too many organizations fail in setting up the metrics and end up with a lot of data but no game plan.
Prominent business and supply chain analyst Jon Hansen says when buyers try to improve working capital position at the expense of suppliers, bad things happen usually. Supply chain financing is a tool that mutually benefits the positions of both stakeholders, creating win-win buyer-supplier situations.
The ongoing drive for lightweighting to meet fuel efficiency standards has allowed engineering thermoplastics to grab more share in the auto applications market. High-grade auto plastics, after succeeding in under-the-hood uses, are now moving into structural elements and components.
Intellectual property theft is a greater risk for manufacturing businesses today, with the growing deployment of digital management tools. Network hacks are on the rise, according to a new cyber-security study, and malware presents dangers to IT systems, too. The thieves could come from not just China, but anywhere.