Manufacturing Industry
Team breathes new life to indirect procurement: Boston Scientific creates centralized group of strategic sourcing experts to leverage its spend.
Purchasing, July, 2005 by Hannon, David
It's been an eventful 18 months for Boston Scientific. Within that period, the Natick, Mass.-based medical device maker has: received FDA clearance for its new product, the Taxus Express2 stent, in March 2004 after years of clinical trial reviews; progressed through a series of recalls of the same product through the summer of 2004; reported a 62% increase in revenues by year end, with sales jumping from $3.4 billion in 2003 to $5.6 billion in 2004; celebrated the company's 25th anniversary; and made four acquisitions.
The capper came in May 2005, when the firm was selected as the top company in the Boston area for 2005 by the Boston Globe, which evaluates Boston-based companies annually on a variety of issues, including return on equity, change in revenue and...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Design a commission plan that drives sales - Sales Commissions
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
