By providing customization, brands raise loyalty at a time when it’s more important than ever. By Elizabeth Spaulding and Christopher Perry Sellers of everything from dress shirts to handbags and even consumer packaged goods are discovering the value of letting customers create their own unique products. Retailers use Big Data to present a personalized set…
A report suggests that Daimler is now 3D printing replacement metal parts for some of their obsolete models. Apparently the parts are for certain older models of Mercedes-Benz trucks that are no longer in production. Previously the company had experimented with certain plastic parts, but now has moved into metal parts as well, and those…
Outsourcing — the practice of using outside firms to handle work normally performed within a company — is a familiar concept to many entrepreneurs. Small companies routinely outsource their payroll processing, accounting, distribution, and many other important functions — often because they have no other choice. Many large companies turn to outsourcing to cut costs.…
