These past two years have been a frenzy, and the manufacturing industry underwent transformations and upgraded learnings. Manufacturers are in the midst of digital transformation, facilitating innovation, improving processes, and driving productivity. Distribution Management Systems are integral for consumer goods companies. Distribution management systems enable tracking the movement of goods, warehousing, logistics, and inventory management. […]
Businesses are increasingly determined to create a circular economy that leads to success by consuming existing resources. Innovation and creativity need inspiration. Reusing existing knowledge is crucial to creating new design and automation ideas. Organizations will need to evolve with this advancement or be left behind. All around the world, companies have seen turbulent changes […]
“In today’s scenario, business growth and providing value-adding services to the customer are synonyms. Digital Transformation has seen a considerable surge. In 2022, 31% of organizations plan to maintain their digital transformation, and 38% will spend even more. We all know Digital Transformation is not easy! High-Risk Endeavour (HRE) It results from a harmonious mix of […]
The uprise of pandemics made business organizations face immense challenges in responding to changing technological anatomy and handling the surge in demand of consumers for not only digital but a wide range of products and services globally. There is a constant urge to find solutions to business problems. From my experience, the right architecting of […]
The common belief is that the CFOs role is limited to handling treasury, audit, tax, and investor relations, controlling, budgeting, planning, and analysis. This hypothesis is similar to the Iceberg Illusion. However, we have seen a drastic shift in the CFO role recently. A McKinsey Global Survey confirms that demands include, but are not limited to, automating […]
Digital transformation is crucial for business survival. According to 2020 statistics from Gartner, 91% of organizations have initiated some form of digitalization, while 87% of senior business leaders feel digitalization is a priority. But transitioning to digital technologies and services is different for every enterprise. No cookie-cutter approach works. And only some deployments bring success. A McKinsey survey found […]
46% of SMBs in the U.S. don’t track their inventory or use manual methods such as excel spreadsheets to manage inventory. An effective inventory management system is an advantage that few would like to ignore. A kanban inventory system can give you that edge by ensuring companies maintain minimal supplies to reduce spoilage and prevent waste. Taiichi Ohno of […]
Terms program management and portfolio management are used quite frequently, but let’s see where portfolio management, program management and project management exactly fit in. It is crucial to understand the difference and work relationships at each level. This becomes more important because, at the organizational level, it is imperative to know details while driving work […]
The coronavirus (COVID-19) outbreak has caused extensive concern and economic & delivery catastrophe for consumers, businesses and communities across the globe, covering areas like supply chain, workforce, tax and trade, and financial reporting. Companies have been forced to enforce plans around business continuity, deliver things faster and streamline decisions and processes. This has manifested the […]
Businesses face unusual and increasing levels of volatility, uncertainty, complexity and ambiguity. In a VUCA World, all businesses are startups. The number of startups and unicorns is growing, and so is the failure rate. These entrepreneurs either fail in creating a market for their product or die with premature scaling. In the startup world, we […]