In This Issue:
Breaking the Volume Obsession Habit
Today's globalized economy encourages companies to focus obsessively on increasing production volumes. In an excerpt from his book The Self-Destructive Habits of Good Companies ... And How to Break Them, Dr. Jagdish N. Sheth, world-recognized authority on global competition, provides recommendations to minimize the cost risks that can accompany this obsession.
Full story.
Five Steps for Outsourcing Success
Outsourcing business functions can generate efficiencies and enable a business to focus on its core competencies. To maximize the benefits and minimize the risks of outsourcing, it is essential to have guidelines in place for choosing and working with vendors, transferring knowledge, ensuring quality control and managing all other aspects of the arrangement.
Full story.
Exclusive White Paper
Taking Back Cost Structure Control
An integrated business management system can help businesses reduce labor expenses, inventory and other costs – an essential consideration in today's inflationary environment. As a result, companies can enjoy higher gross margins while offering customers more competitive terms.
Full story.
What You Don't Know Can Hurt You
Small and medium businesses are often stymied by challenges that new technologies can address – that is, if the management team had the time, expertise and resources to research and deploy the right solution. Ken Dickinson of SAP makes the case that the Software-as-a-Service (SaaS) delivery model has become the right fit for growth-oriented companies.
Full story.
QuickStat: Midsize Companies Bolster ERP Budgets
More and more, midsize companies are focusing on boosting revenue, profitability and customer satisfaction. As a result, these businesses plan to increase their ERP budgets on average by 5.1% this year, according to new research from AMR Research Inc. ERP software enables companies to streamline business processes and more effectively connect with customers, an essential platform as the marketplace becomes more global. The report also found that by 2010, 43% of companies aim to employ a single, global financial and shared services ERP system.
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