The concept of the value chain was introduced by Michael Porter in his seminal text 'Competitive Strategy' (Porter, 1995), in which he highlights the potential for different organisations within the chain and different functions within organisations to add value and thereby deliver competitive advantage.
Simplifying the decision-making process is a fundamental goal for CFOs, given the competitive necessities of agility and speed. Unfortunately, many traditional planning, budgeting and forecasting systems see the business world as local and linear, not global and cooperative, frustrating this imperative.
E-tailing giant Amazon (Nasdaq: AMZN) always seems to find a way to do business more efficiently and at a cost below its competitors. This week, its rivals were reportedly upset after details of Amazon’s unique warehouse arrangement with Procter & Gamble (NYSE: PG) and other major suppliers were revealed in The Wall Street Journal.
The United States Department of Commerce said this week that the advance estimate for third quarter GDP is 2.8 percent, up from 2.5 percent in the second quarter.
Some estimates pegged the GDP number to come in roughly 0.5 percent less than it would have, had there not been a shutdown. On the surface, it is fair to assume that number is not terrible, given the many head fakes thrown at consumers in this new and apparently permanent era of government dysfunction.
The number of companies falling victim to fraud has increased in the past year, according to the 2013 Kroll Global Fraud Report. Overall, 70 percent of companies were affected by fraud in the past 12 months, up from 61 percent the previous year, and there was an increase in every category of fraud covered by the study.
Financially struggling YRC Worldwide Inc., parent of the second-largest LTL carrier in the nation that has lost more than $2.6 billion in the last six years, has initiated discussions with the International Brotherhood of Teamsters in seeking another round of wage and benefit concessions.