Eight Critical Factors for Business Success

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Supplier Management

If a link in your supply chain breaks, your entire organization feels the repercussions. When a component is faulty or a material is late, delivery dates are compromised — and teams are left scrambling to catch up.

Yet, according to PwC, only 45 percent of global companies view the supply chain as a strategic asset. And just 9 percent say their supply chain is helping them outperform their peers. Effective vendor management helps reduce costs, manage quality and increase efficiency. But smart supplier relationship management means picking the right partner right from the start. 

Building business capability allows your organization to move beyond heroic effort and isolated success to repeatable performance and continuous improvement. Understanding the most salient capabilities to an organization enables businesses of every size, in every industry, to elevate performance and align tactical execution with strategic goals.

CMMI® Institute models have helped thousands of organizations by providing roadmaps for understanding, developing, and confirming the capabilities necessary to reach key strategic goals. The company recently released the "Top 8 Capabilities to Strengthen Your Business in 2015," a list of the top capability areas that make up a proven framework for organizations to quickly understand how well their business is doing in the capabilities that matter most to them.

 

Related Topics : A Big Market for Big Data Jobs, Midmarket CIO, IT Management Automation, SharePoint, Technology Markets

 
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