Efficiency gains create a first-level shield against rising costs and the fallout from a trade war.

Lean thinking when applied to procurement has more potential than you might think.

The Defense Department disclosed estimates of $43 million in cumulative cost overruns for materials, which Pratt & Whitney will have to absorb if they persist.

Asia’s top economy has been pulling in ever-greater volumes of low-cost ore to meet resilient demand from mills, which have benefited from rising steel prices in the second quarter.

The MBA degree has largely been cheapened as a credential, as it’s a poor substitute for real-life career experience.

Manufacturers are being held to a higher standard of corporate social responsibility, and are developing new best practices to adapt their supply chain ecosystems accordingly.

Recent industrial history offers numerous examples of the substantial risk that a purely financially-driven supply-chain management model can pose. Two prominent examples: GM’s ignition switch recall and Takata’s explosive airbags.