Creating an internal MRO virtual warehouse (or Corporate MRO Catalog) allows a multi-site company to leverage its assets across the entire organization and deliver value for inventory parts. With a Corporate Catalog, a company can have a single view of all corporate information. Consolidating parts across the company into a”virtual”
Out-sourcing your Catalog Management is a huge step for any organization. It sounds great in concept, but the implementation isn’t always clear. What exactly can you expect from the service provider? How does it really work? . . .and most importantly: Is it the right thing to do? Often the
Many organizations face the dilemma of whether to manage their stock Catalog in house or to out-source the function to an external provider. If you tackle the challenges involved with creating or honing your in-house Catalog team to handle the job? Or in case you step back and manage the
Use the term”sustainable” in a business environment and do not be surprised to find some eyeball rolling. The notion of business sustainability for a few conjures up images of”tree-hugging dirt fans,” as one bumper sticker proclaims. Yet in the long run, sustainability — not growth for growth’s sake — is
The idea of franchising is a couple of centuries old. The franchising business and world economies have developed simultaneously. The term ‘franchise’ comes from old French where it meant freedom, or privilege. Franchising goes back to the olden days when the feudal lords granted consent to their slaves and common
Capitalizing a new business entity is a vital step of the formation procedure. Failing to take the step may result in serious legal problems if the entity is ever sued. Thus, what’s capitalization and what actions must be taken? Capitalizing Your Corporation “Capitalization” basically refers to financing your corporation. In
If you are an employee, then, these things will occur to you shortly: you step, get retrenched, or retire. Gone are the days when great performance on the job guaranteed job security. These days, a computer, software, or a seasoned hand from another organization or nation could replace you. Many
GPO’s (Group Purchasing Organizations) have been around for around ten years primarily in the medical market. The basic notion of a GPO is a group of companies can come together and buy products cheaper than any single company can. This model may or might not be beneficial for your Coca-Cola’s,