Julian Lankstead Laying out a 10-step method for creating a process improvement plan, a recent article from Julian Lankstead clarifies the essential components of an actionable, well-documented plan that leads to effective change. By first outlining the importance of such plans, then moving into each stage of plan evaluation, development, and implementation, Lankstead shows a path that organizations can follow …
Methods for Reducing Supply Chain Costs
Inc. The past several years have presented numerous challenges across the supply chains of numerous industries. These challenges, however, also present valuable lessons for future supply chain management that reduce overall operating expenses and build resiliency. A recent article from Inc. outlines 3 key ways that supply chain managers can reduce costs: front-loading the “kitting and assembly” stage to …
The Importance of Acting On an Audit
The entire point of an audit – whether focused on processes, payments, security, or anything else – is to identify problems. Performed internally or by a third party, an audit is capable of digging into the fine details of the way a business operates, and that usually means uncovering practices and policies that aren’t working, gaps in training, or operational …
What Is ERP?
Perhaps you’ve heard the term “ERP” floating around your online circles. Maybe you’ve heard it mentioned by someone in your organization. With increasing popularity (and huge benefits for businesses of all kinds), it’s no surprise that ERP is making its way into water cooler chats and strategy sessions. So, in case you aren’t already familiar with what ERP is – …
What is Independent Verification and Validation (IV&V)
Systematic quality control is essential for meeting customer and regulatory standards. With that very need in mind, Independent Verification and Validation (IV&V) is a method of meeting requirements and establishing assurance of quality. To understand the two components simply: • Verification is the evaluation that a product, service, or system is compliant with regulations, legal requirements, etc. • Validation is …
ERP in the Financial Sector
All industries rely on resources. Those “raw materials” can include people, models, intellectual property, and so on – not just commodities or fuel. Managing resources of all kinds is a critical part of running a successful organization. Today, we’re looking at how ERP can be implemented in the financial sector to keep track of the unique “resources” of the industry. …
Tips for Implementing HR Software
Maybe you can remember the time when taking care of employee issues was simply looking around the office, making a few decisions about employee time-off, sick days, hours worked and occasionally advertising for and hiring a new employee. Then, because your business grew before your eyes, those previously simple tasks became complex, and time-consuming. This is where HR Software steps in …
Human Capital Management Drivers
Efficient management of employees in an organization enables such an establishment to achieve its goals. As a result, such employees will do their level best and be a resource that is useful in all ways through their skills and expertise. That is what human capital management is all about. Here are different drivers attached to this particular aspect. Workforce optimization …
The Need for Effective Hospital HR Management
The value of human resource management is often overlooked by many healthcare firms. However, the effect of a properly managed department can have a tremendous impact on the overall health and performance of the facility. Investing in a hospital HR management system is one of the best ways to increase productivity and enhance overall administration. If you are an acting hospital HR manager, here …
Integrating ERP and Supply Chain Management
Integrating your ERP and Supply Chain Management can make a world of difference. Consider this scenario: The Supply Chain Director shows up at your desk asking who manufactures that cable. He wants to know how many we usually order, too. Your reply startles him. You tell him the company you buy the cable from doesn’t manufacture it, they’re a 3rd party …
