How To Get The Biggest Bang For Your Technology Buck
There were only 24 hours left. Tomorrow the board would pull the plug on the project which had continued for well over 3 years. The total costs as per internal calculations had run into hundreds of millions of dollars. External consultants reckoned that when you included the costs of internal resources seconded to the project from […]
Any One of These Five Confusions in Your Company Could Wipe Out the Entire Profit for the Year
There is no doubt that confusion results in loss of action. Because clarity is the basis of all actions. Clarity gives you confidence and confidence results in action. Imagine a scenario where you need to make a decision and, in order to make a decision you need information, some of which is missing. Generally speaking, […]
What Causes Supply Chain Confusion
My last post “Supply Chain Confusion could kill your business“ generated several great comments from highly qualified professionals around the world, and in this post I want to explore the reasons for the confusion. Obviously, the confusion is debilitating, and unprofitable. I am sure readers will have their own experiences with the confusion in supply […]
Use Monte Carlo Simulations to Quickly Model Costs and Influence Stakeholders
By Doug Hudgeon The Cost Reduction Tip Taking your business down to its lowest possible operating cost typically involves changing (usually simplifying) processes. When preparing a business case for changing your current processes, it is usually easy to nail down system costs but people costs are almost always problematic. Even if you believe you can […]
Change Your Processes Before Implementing New Software
By Doug Hudgeon The Cost Reduction Tip The success rate of software implementations is woefully low. There are lots of reasons for it ranging from overselling by vendors, overspecing by customers, lack of consultation with stakeholders, under-resourcing the implementation team, etc. But in my view, much of the source of failure comes from unnecessarily bundling […]
Empowerment and Email
by Stuart Emmett I am fed up with a lot of organisations. Is it just me? Do others find too many simple basic mistakes are being made these days by organisations? These mistakes are also being repeated many times and do not seem to get corrected. Why is this? One of my theories is that, […]