Risk Mitigation – “plan is to describe how this particular risk will be handled – what, when, by whom and how will it be done to avoid it or minimize consequences if it becomes a liability“ During the Great Depression nearly 5000 banks failed. To mitigate the risk of that catastrophe happening again, the Glass-Steagall Act was created in 1933 to stop commercial banks and investment businesses from engaging with each other. For...
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“Delivering a project isn’t difficult. What’s difficult is delivering a project without first taking the time to plan properly” ― James Leal With 23,000 users and 45 medical facilities including most of the hospitals province wide, this SAP Finance and Supply Chain six month project was going to be a whooper. The benefits of consolidating multiple company codes into one are massive, as it reduces multiple boards of directors,...
Read MoreIn one of my latest articles – “SAP Supply Chain Monitoring Best Practises” I spoke about a Supply Chain Executive’s winning formula. Included in that winning formula is #2 Maintain strategic focus Define Key Initiatives & Metrics. I would highly recommend re-reading that article as this one builds on it. What astonishes me is how many companies do not use standard SAP reporting to measure key metrics. SAP provides up to 300...
Read MoreI was asked to provide preliminary consulting to help out with the Navy’s Inventory Management Challenges and SAP. The US Navy has a multi – billion dollar supply chain that needs to be war ready at all times. Military is never an easy client, as some of my suggestions ended being unacceptable to the pentagon. That’s right. The pentagon. So what did the US Naval Command take away and use? We discussed the following topics;...
Read MoreThe nerds are taking over the world! In case you haven’t noticed the IT nerds are talking over the world. Marc Zuckerberg is the youngest billionaire on the planet, Bill Gates has been one the richest people in the world for as long as I can remember. More and more App creators are running billion dollar companies. IT is now embedded in not only our lives but everything a corporation does from running business processes, developing...
Read More“Move a thousand people forward a foot at a time, rather than moving one person forward by a thousand feet” In 2007, when JetBlue left hundreds of passengers stranded on nine planes for over ten hours during an ice storm, they knew they had to make colossal business changes. They made those changes by taking a day to map out their bad weather operations on Post-It notes, identifying one thousand pain points. That’s right… One...
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