I have learned that each customer makes their purchasing decisions differently. Some companies delegate purchasing decisions to the local branch, while others centralize their purchasing. Whether the decision was made locally or from a central office, each buyer still had its own way of evaluating the purchase decision. Some buyers valued the lowest price, some valued relationship, and so on.
Now let’s discuss Six Sigma. Six Sigma, too, attacks a very real demon. That bad guy is named “variation.” It is a real and true deficit to our businesses to expend resources, time and energy desperately trying to control outcomes that are continuously changing and unpredictable. The aim of Six Sigma is to control processes well enough that their outcome is always stable and always predictable.
Spice and flavoring maker McCormick & Co. said Monday that it reached a deal to buy China's Wuhan Asia-Pacific Condiments Co. for about $141 million. The deal, which must be approved by regulators, is expected to close in mid-2013.
Parker Hannifin is selling its automotive air conditioning business to Germany's ContiTech AG.
Using predictive and prescriptive business analytics to improve supply chain operations.
China's government has further tightened curbs on production of rare earths used in mobile phones and other high-tech products in a move that might inflame trade tensions with Washington and Europe.
Spyker, the tiny Dutch luxury car maker that failed to revive Swedish automobile group Saab, says it has served Saab's former owner, General Motors Co., with the $3 billion lawsuit it lodged earlier this week.
If a business could make three dollars for every one it spent on training, wouldn’t it want to know how?
Police and fire officers are not the first responders; they are the official responders. You and your employees are the first responders.
Spyker Cars NV, the tiny Dutch company that bought Swedish carmaker Saab from General Motors Co., says it is now suing GM for $3 billion in damages.
ZeeVee, Inc., a developer of high definition video distribution products, recently moved its overseas contract manufacturing operations to Massachusetts from China, where it had been manufacturing since introducing its first-generation products about five years ago.
Ford Motor Co. is suing auto supplier Dana Corp. for allegedly providing faulty vehicle frames.
The U.S. Commerce Department has granted a request from Whirlpool Inc. to impose tariffs on washing machines imported from South Korea and Mexico.
Heineman and officials from two Nebraska companies said Monday that several agreements between Chinese companies and Nebraska ones have already been signed.
I simply don’t buy the idea that it’s impossible to make electronics in America at a competitive price.
Oklahoma and 20 other states are asking U.S. auto manufacturers to produce compressed natural gas vehicles for state vehicle fleets.
Like advanced technology vehicles and solid-state lighting, transflective displays entail a higher upfront cost for long-term savings.
Toyota Industries Corp. will set up its own test course to speed up the development of key hybrid and electric car components including motors and AC-DC converters.
United Technologies is selling its engine division unit to aerospace manufacturer GenCorp Inc. for $550M as the conglomerate raises money for its largest acquisition and solidifies its core aerospace business.
A manufacturing problem at a company that makes fuel lines forced Ford to recall thousands of its brand-new Escape small SUVs and tell owners to stop driving them right away.
GE Aviation announced that they signed an agreement with The Boeing Company potentially worth up to $180 million to provide the mission control system for the U.S. Air Force’s KC-46A tanker.
Our third annual iteration of the IMPO Energy Intelligence Report has followed an industry all the more hungry for cost savings. As industrial manufacturers work to propel their businesses forward, they must choose between investing in the equipment they need, or falling behind in the face of fierce domestic and global competition.
Parker-Hannifin Corp. said Tuesday it has acquired the filtration business of John Fowler (India) Private Ltd.
Struggling aircraft maker Hawker Beechcraft announced Monday that it had reached a $1.79 billion "exclusivity agreement" with Superior Aviation Beijing for the sale of its business jet and general aviation operations in a deal that will save thousands of jobs in Kansas and Arkansas.
Leaders have promised to help the private sector with more bank lending and other measures, but entrepreneurs say they have yet to see changes.