Companies today increasingly recognize Digital Technology and IT infrastructure as a strategic asset that provides companies with the ability to effectively compete in its’ marketplace – an observation underscored by the Nash KPMG 2017 CIO Survey finding that CIOs sit on 62% of executive boards as opposed to 38% in 2005. While their relative importance varies slightly from year to year, the C-Suite charter for Digital Technology consistently features the following items: Continue reading Digital Technology as a Strategic Asset
The Washington Post published an article about the outbreak of E. coli in lettuce on April 20th that stated: “Although the exact source hasn’t been identified, federal health officials have said information indicates that the contaminated lettuce was grown in Continue reading Where Did My Lettuce Come From? – This Question Needs an Answer!
Group50® Consulting announces Scioebc™ the first Blockchain product powered by THINaër, the end-to-end platform for the Internet of Things
By Jim Gitney
April 17, 2018
Los Angeles, CA – Group50 announced today the launch of Scioebc™, a next generation supply chain product that utilizes the blockchain and is powered by THINaër, an IoT platform building The Internet of People, Places and ThingsSM. Continue reading Group50® Consulting announces Scioebc™ the first Blockchain product powered by THINaër, the end-to-end platform for the Internet of Things
Offshoring, onshoring, nearshoring, are business solutions that international and multinational companies have used for years. However, only a very small percentage of these companies have in-house tools that are effective at supply chain modeling and can help senior leaders Continue reading Supply Chain Modeling and its Importance
Mexico’s legal system is a result of the 1910 revolution and the subsequent promulgation of its Federal Constitution on February 5, 1917. Although historically influenced by the legal systems of Spain, France, and the United States, Mexico has been able to structure and maintain a distinct legal system that incorporates truly unique Mexican components. Mexico’s legal system is a civil law system but not as it exists in other civil law countries.
Patterned after the United States, Continue reading Doing Business in Mexico: Mexico’s Legal System
You would think that in today’s world, effective supplier management programs are well defined and utilized throughout every company. The sad fact is that we have worked with middle market companies up to $500M in annual revenues who don’t have an effective supplier management program. The smaller the company, the worse it gets despite the fact that supplier management is one of the 7 critical business processes that every company must master in order to achieve long term success. Many organizations have Continue reading Elements of an Effective Supplier Management Program
Whatever your reason for wanting to open a new warehouse or distribution center, you know that the decision can’t be taken lightly… and 3PL providers don’t make it easy to do side-by-side comparisons of their services and prices. There is more to developing an analysis of the options than Continue reading Distribution Strategy: Choosing a New DC
If you are using more than one 3PL warehouse provider and each one is a standalone partner, you may have opportunities to simplify day-to-day operations and maintain or reduce your SG&A costs, even if you expand your distribution network. Let me tell you a quick story. Continue reading Distribution Cost Reduction in a 3PL Model
Working capital, cash flow and operating profits are primary measures of senior leadership performance. Companies audit their financials every year to validate compliance and performance, but typically don’t have an audit plan for critical business processes that impact these performance measures and the customer’s perception of performance.
There are 7 critical business processes that every company must Continue reading 7 Critical Business Processes That You Live or Die By
Is picking the right manufacturing location purely an objective exercise or is it subjective as well? The answer is yes….. to both. The objective side clearly affects your P&L, while the subjective side affects the risk to your P&L.