Tag Archive: ROI

The Right Combination of Technical & Communication Skills ROCKS!

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I am the Chair of the APICS West Coast student case competition, and we just wrapped up our 2017 event. We had 104 students from around the world fly into San Diego to compete. It was a really impressive group of students! The competition is judged 50% on the technical score (the return on investment achieved after several rounds running a business simulation game) and 50% on the presentation to the Boards of Directors of the company. I have to say….some of the best presentations were those who didn’t perform as well on the ROI because they learned from it, took…
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Why Looking at Return on Investment (ROI) is So Much Better than Cost

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How many times have you heard about managing cost (or saving money) in the past week? I bet quite a few, as almost all companies focus significant efforts on cost. In all functions, and certainly if you are in or responsible for Operations, a large portion of your responsibility is to reduce cost. Similar to real estate where it is “location, location, location”, I often hear about “cost, cost, and cost”. Certainly managing cost is vital to success; however, being solely focused on cost will drive you to failure! Instead, I advocate thinking about return on investment. For example, if…
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