In 2011, TIME Magazine assembled a list of what may be considered to be the 25 Most Influential Business Management Books of the modern era. Great books are timeless. They outlive their creators. They live on in the thoughts of their readers. They endure for generations and even centuries, in print or in digital format. [...]
A wonderful peek into the future by Dr. Kaku. If supply chain and operations management practitioners want to invest intelligently and respond efficiently, we must be prepare to surf the crest of the technological wave, and climb out of our Industrial Revolution Era paradigms. In and of itself, this will result in competitive advantage. Given [...]
With the production of the new Nexus Q social streaming player, Google has made a strategic decision that bucks one of the most significant socioeconomic trends to occur in the past century: off-shoring of manufacturing to Southeast Asia. Google has joined a growing list of enterprises who have taken a “Total Cost” view of production, [...]
“EOQ”. These three letters invoke either a profound sense of nostalgia in the heart of the seasoned practitioner of Inventory Management, or a sense of fear and anxiety, especially among the newer converts to the Church of OM. (That’s OM, as in Operations Management…) Indeed, I have had a number of students in my OM [...]
The construction of the Panama Canal, completed in 1914, was truly a marvel of engineering, logistics, and human perseverance. Its influence on international trade for the past century has been immeasurable. And now it is undergoing a face lift of a magnitude that would make an aging Hollywood starlet blush. But unlike the starlets’s dalliance [...]
The Markit Manufacturing Purchasing Managers Index (PMI) is showing evidence of slowing demand for exports in eight major economies. After considerable recovery and growth throughout much of 2010 and 2011, there are signs that the rate of trade-led growth is slowing. Spain, Germany, Britain and France showed the most pessimistic PMI results for May 2012, [...]
As America struggles to emerge from the greatest economic threat posed since the Great Depression, Mitt Romney and Barack Obama are expected to battle throughout the balance of 2012 to determine who will occupy the White House. And they face a ledger full of over $1 trillion in red ink this year alone. Among their [...]
The US Institute of Supply Management (ISM), based in Tempe, Arizona, released its monthly Report on Business yesterday summarizing US non-manufacturing activity for the month of April, 2012. The news is met with mixed reactions in financial markets. Economic activity in the non-manufacturing sector at a national level expanded in April for the 28th consecutive month, but [...]
Last week, the World Trade Organisation (WTO) released its report titled “World Trade 2011, Prospects for 2012.” The report shows that world trade expanded in 2011 by 5.0%. This was a sharp deceleration from the 2010 rebound of 13.8%. WTO economists project that growth will slow further still to 3.7% in 2012. The slowdown is [...]
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