Procurement risks now include the possibility of someone in the supply chain flouting international labour laws, causing unnecessary damage to the environment or acting in other socially irresponsible ways. These risks are ‘high-impact’. Nike, which faced a storm of protest following sweat-shop scandals in the 1990s, is just one company to have discovered this. Management […]
Subject: Supply Chain Management
In It Together: When Companies Collaborate
In today’s networked world, business-to-business (B2B) inter-firm partnerships are increasingly common. At the same time, corporate reputation has been strongly identified as a key factor in companies’ success. But reputation has mostly been looked at from the perspective of a single organization and how its stakeholders perceive it. Much less attention has been paid to […]
Fast Fashion Retailing – Transforming Operations Management
The apparel industry (which includes clothing, footwear, accessories, etc.) is one of the world’s largest, due partly to the relatively low barriers to entry. According to Euromonitor International, there were more than 1,400 retail brands at the start of 2013. All of these brands are concerned about meeting growing demands and getting their collections out […]
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Reducing the Risks of ‘Offshore’ IT
New technologies and the digitization of the economy have extended the use of offshore outsourcing beyond manufacturing to services. India, which has its own ‘Silicon Valley’ in Bangalore, has become a leading centre for IT and now takes care of around 60 per cent of the world’s information systems development. However, around half of such […]
Myopic Pricing Strategies Lose Seasonal Sales
According to Mirko Kremer of Pennsylvania State University, Benny Mantin of the University of Waterloo and Anton Ovchinnikov of the University of Virginia’s Darden School of Business, there are two types of consumers. The first type is what they call “myopic consumers.” These consumers buy a product as soon as that product is priced at […]
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