Remove Efficiency Remove Manufacturing Remove Operational Costs Remove Sourcing
article thumbnail

How Foreign Manufacturers Use Mexico’s IMMEX Program to Their Advantage

Ivemsa

The benefits of manufacturing in Mexico have become common knowledge for most, though few may know about the specific importance of the IMMEX program. The IMMEX (formerly known as the maquiladora) program was established in the 1960s as a way to boost the manufacturing industry in Mexico. manufacturers. Regardless, U.S.

article thumbnail

Navigating Tax Compliance When Manufacturing in Mexico

Ivemsa

There are numerous benefits of moving manufacturing to Mexico which have led to continuous economic growth and success for global companies across all industrial sectors. Mexico provides an established infrastructure and supply chain conducive to efficient productivity. of operating costs is declared a safe harbor.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Renewable energy in action: Examples and use cases for fueling the future

IBM Services

As more countries, companies and individuals seek energy sources beyond fossil fuels, interest in renewable energy continues to rise. In fact, world-wide capacity for energy from solar, wind and other renewable sources increased by 50% in 2023. Biomass is sometimes considered a source of renewable energy. trillion in 2023.

Sourcing 103
article thumbnail

Data Annotation and Labeling (DAL) Solutions for AI/ML PEAK Matrix® Assessment 2024

Everest Group

With the emergence of generative AI / Large Language Models (LLMs), enterprises worldwide are swiftly adopting AI to unlock new revenue streams, reduce operating costs, enhance user experiences, and gain significant industry differentiation.

article thumbnail

Streamlining supply chain management: Strategies for the future

IBM Services

Why supply chain management matters Supply chain management involves coordinating and managing all the activities involved in sourcing , procurement, conversion and logistics. These technologies can significantly reduce manual labor, minimize errors and speed up processes, leading to increased efficiency and cost savings.

article thumbnail

Business process reengineering (BPR) examples

IBM Services

Business process reengineering (BPR) is the radical redesign of core business processes to achieve dramatic improvements in performance, efficiency and effectiveness. This might include streamlining payroll processes, digitizing HR operations or automating invoicing procedures.

article thumbnail

The Rise of Global Business Services: The Future of Shared Services

Zinnov

Efficiency is doing things right; effectiveness is doing the right things. In contemporary times, this approach has gained significant traction, with over 80% of Fortune 500 companies incorporating various shared services into their US operations. Later, Shared Services expanded its scope to manage functions like HR.