When I was managing the Supply Chain Project team that consolidated the IT systems of 9 hospitals and 23,000 users, the first thing I asked for was to map out business processes. This would provide all team members with an exact picture of business functionality and also make sure all the technical requirements were included as well. The main reason why IT projects fail are due to inadequate Business Process maps producing poor gap...
Read MoreIndustry 4.0 is the intellectual or process driven method of acquiring knowledge and understanding through thought, experience, and the senses including the self-optimization, self-configuration and self-diagnosis of workers, work, machines and IT. Industry 4.0 will transform Supply Chains including manufacturing into the next wave of Information technology. I’ve written that SAP is embracing this Supply Chain digital transformation...
Read More
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...
Read MoreYou have had a number of people pass through your company with brilliant suggestions on how to fix your business. IT has their own ideas; Six Sigma brings their own methods, Sales promises new records and all those new Vice Presidents you hire? They all have plenty of years of experience, probably advanced degrees and are ready to save your Supply Chain or S&OP …or even the world! The reality is that there are no shortcuts to...
Read MoreUsing your SAP system to its full potential is a daunting challenge for any company. SAP offers an almost infinite amount of tools to use and it is a challenge to choose the best ones for your company. An even greater challenge is to have users embrace these new tools, understand them and use them effectively. In other words, implementing a new IT tool is one thing; it’s another challenge to create a culture that uses innovation,...
Read More