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| featured Jobs |
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| Top 40 Risks in Outsourcing |
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If you've ever been ticketed at a parking meter, you might be surprised to learn that you were holding in your hand a symbol of an outsourcing failure. In a case study cited recently in a national newspaper, one city's outsourcing venture with parking meters was undertaken to save money, but the attempt actually cost $9 million over six years.
Can you imagine getting a...
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| The Pareto Principle |
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Generally speaking, having a balanced life or taking a balanced point of view makes good sense. However, there is a case where a little imbalance can be beneficial to our personal success and help to make us more effective. In the early 20th century, an Italian economist's research formed the basis of what became one of the greatest universal principles of all time. Vilfredo Pareto was researching the distribution of...
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| The ABC of Negotiation |
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In my 30 years doing negotiations at all levels, I realise that these three rules are really what matter for achieving great results in any type of negotiations. The wonderful thing about these three golden rules is that even unskilled negotiators can win big time using these rules. They are the ABC of negotiation.
1) Aim Big
This is the realm of...
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| Procurements Expanding Role |
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In 2006 CPO Agenda's London-based editor chaired a panel discussion asking the question "are there any limits to procurement's role?"
The panel which included senior procurement personnel from organizations such as Nestlé, Danone, British Airways and Merrill Lynch provided some interesting insights into the prevailing (and emerging) attitudes towards procurement from an executive suite...
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| Is Lean For Your Business? |
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Many people think that lean is only for high-volume manufacturers. However, the Toyota Production System was born out of low-volume requirements; that fact should put to rest this false assumption about lean. Lean is about finding ways to eliminate all forms of waste from an organization such that the customer is satisfied and profits and cash flow are increased. Lean can be applied to any organization: from high...
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| Offshore Manufacturing |
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Many companies are moving manufacturing operations overseas or outsource to foreign countries because they think it will save cost. And their primitive cost systems make such a move appear to be justified. If all they quantify is parts and labor, then moving to a low labor rate country labor will appear to lower labor cost. Since no other costs are quantified, it is a case closed decision.
However, when measured on a...
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