By reducing these hard-to-track costs, your company can focus its budget on getting more products to market.
Today’s companies are making some of the greatest advances in the areas of exploration and production, environmental impact, and renewable energy. In the intense, fast-paced environment of energy production and delivery, information sharing happens outside of official channels. To many R&D employees, the need to obtain published information rapidly trumps procedures and policies. For another, it’s challenging — if not impossible — for companies to keep track of journals and articles acquired informally; yet, when the practice is uncontrolled, it can run up major costs.