Small and midsize manufacturers say price-cut mandates and online reverse auctions compromise quality and endanger their businesses. Supporters of the practices say the strongest suppliers will survive, making supply chains more efficient.
Grabbing more links of the value chain can reduce risk and increase control.
The challenge facing manufacturing executives? How do they position their firms in the "value chain" -- the entire series of activities that begins with the processing of raw materials and ends when a finished product is in the hands of...
Steve Jobs lured Timothy D. Cook from industry leader Compaq with a $500,000 signing bonus and a $400,000 base salary to become Apple's senior vice president for worldwide operations.
Let the information flow.
Today's leading-edge manufacturers put the accent on time, flexibility, and delivering what the customer really wants.