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Image via Flickr by andjohan We’ve all heard news reports about companies shutting down their US factories and moving those jobs overseas, causing hundreds and thousands of Americans to become unemployed. How could outsourcing possibly be good for the local economy when it immediately results in lost jobs?Oops! You don’t have permission to view this…
Image via Flickr by todbaker As the U.S. embarks on its quest for energy independence, relatively new procedures for tapping into our vast supplies of natural gas buried in shale underneath states like Colorado and New York open up opportunities for companies such as Exxon Mobil and Sempra Energy to boost profits, and perhaps the…
Image via Flickr by Hakan Dahlstrom In 1993, Martha Cooper and Lisa Ellram co-wrote and published the Characteristics of Supply Chain Management and the Implications for Purchasing and Logistics Strategy. After more than twenty years of debate, trials, and errors, many supply chain professionals believed the practices described in the paper simply weren’t able to…
Image via Flickr by Quadrofonic Wingnut Rare earth metals are a group of elements found with moderate abundance in the core of the earth. There are 17 rare metals, 15 in a group called lanthanides plus yttrium and scandium. These elements are essential in many manufactured products, including catalytic converters for automobiles, certain petroleum refining…
Image via Flickr by David Villarreal Fernandez Tesla and Fisker have similar stories. They both introduced luxury sports cars to the market around the same time — Fisker’s Karma at the end of 2010 and Tesla’s Roadster at the end of 2009. They also both got loans from the U.S. Department of Energy to ramp…
Image via Flickr by thetaxhaven Whether you have 20 years of procurement experience or you’re new on the supply chain scene, negotiating contracts with suppliers is often intimidating and stressful. Procurement professionals aren’t always trained in the art of negotiation, although the salespeople they’re working with are usually very well-trained. These easy steps will give…