Around 70% of digital transformation projects fail, according to a 2019 McKinsey study. In the realm of digital transformation, change is not just a possibility; it’s inevitable. Change is a force that shapes destinies, propels innovation and challenges the status...
The balancing act between sourcing from deflationary markets and security of supply has long been a contentious topic, with the pursuit of cost reduction often conflicting head-on with the need for supply chain reliability. So, in a world that’s increasingly...
What measures can the hospitality sector take to combat soaring ingredient costs? With global benchmark coffee futures, London robusta, hitting new record prices a few weeks ago at $3,825 (£3,066, €3,593) a ton, it’s another sign of the trend for rising costs across...
This guide delves into model area deployment, a targeted strategy for driving change within organisations by beginning with manageable pilots, evaluating solutions, and expanding proven successes. A model area—also known as a model line, cell, or zone—provides a...
Strategic Cost Management (SCM) is a highly effective analytical method designed to pinpoint, quantify, and eradicate the most significant sources of operational waste and inefficiency in manufacturing plants. It is also an advanced communication tool that aligns all...
