What Does Value Mean to You and Your Organization?
Self-interest can obscure the meaning of value even in Procurement and Manufacturing. This happens despite the precise performance metrics that are available to judge both individual and organizational performance.
My favorite example of how self-interest in Procurement and Manufacturing can diverge from what is best for the organization concerns a vice president of an American company who was in charge of a region of Europe and who was based in Germany. The company had manufacturing operations there, and it was becoming noncompetitive in its cost structure. I asked the vice president why he did ...
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