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Healthcare supply chain management can be a daunting job due to its fragmented nature. It is where control of the supply chain of healthcare is essential for organizations. Supply chain management in healthcare includes planning, designing, implementing, monitoring and tracking the movement of products and services.

This allows greater net value to be generated, supply to be matched with demand, sustainability to be achieved with efficient logistic force and performance measurement. Healthcare su

Organizations today are spending money on the latest technologies and working hard to solve problems as they arise. Yet, sad to say, this is simply not enough.

Today, to get on top of today’s fiercely competitive business environment, organizations need to take a strategic move: Develop an Innovation Mindset. What is an Innovation Mindset? What does it take to develop an Innovation Mindset? Often, this can be mindboggling as we get confused as to understanding what is an Innovation Mindset. Devel

Risk management actions are important for all businesses, regardless of their size or segment. 

To understand this, just remember that, whatever the process in your daily life, the risks represent uncertainties regarding the results achieved. It may be the risk that the raw material will run out, that a machine or equipment will stop working, that a tool will fail, that productivity will fall, in short. 

As much as you use accurate data when making your projections, it is impossible to determine w

Today’s C-suite is making a significant investment in new technologies.  Yet, it is failing to achieve full value. Technologies are being deployed in pockets or silos without a Strategy for scaling the Innovation from these technologies across the enterprise. Unable to scale their Innovation, organizations are not realizing the full benefits of their technology investments.

An Innovation Achievement Gap exists. What is the Innovation Achievement Gap? This is the difference between potential and r

The risk management process is inherent in any project. When we develop a plan, we think about what can go wrong and devise ways to minimize problems. Therefore, the process itself needs to be simple and effective to avoid complexity as a risk enhancement factor. 

Although, described in this way, the risk management process may seem difficult to elaborate, it can be easily understood. Therefore, we will explain it focusing on the impact of new technologies on its execution. Thus, we will be able

The manufacturing operations management software technology has gained widespread adoption across the small as well as medium-sized enterprises worldwide. The technology is a comprehensive process that creates policies and rules to maintain the integrity of production. It also ensures that every employee, equipment, or system works in a streamlined manner. As the technology innovates at a breakneck speed and businesses thrive to work at a parallel pace, manufacturing operations managers play an

Peter Drucker, one of the first managerial thinkers, introduced MBO or Management by Objectives. This eventually paved the way for the birth of the Objectives and Key Results (OKR) management philosophy. Andy Grove, known as the “Father of OKRs”, introduced the approach to Intel during the 1970s. This was further popularized by John Doer by introducing OKRs at Google in 1999.

Today, successful organizations are now using OKRs.  Objectives and Key Results is an efficient way to track company and t

Given the fact that some people are asking for an end to cash transfers and some companies are preferring to go cashless, cash transactions are still commonplace. Cash management systems are integrated tools designed to help businesses handle cash processing from end to end. Most cash management programs are created to help from the point of intake to reconciliation. They can streamline the process, which has numerous benefits for businesses.

What is a cash management system?

A cash management sys

Business dashboards are important tools to measure key performance indicators and data pertaining to an organization or certain procedure.  Just as a vehicle dashboard is powerful performance management tool in summarizing a performance of a multitude of processes, a business dashboard summarizes the performance or impact of a host of functions, teams, and activities; and assists in Strategic Planning and decision making.

Business dashboards simplify sharing and analysis of large data, and help

The current pandemic crisis has left many countries in a perilous position. Both governments and businesses alike have been severely unprepared for the pandemic, causing issues across the world. This is because many institutions simply do not have the right level of preparations in place needed to deal with an outbreak at the magnitude of COVID-19 (commonly referred to as coronavirus). 

Of course, now it is too late to put these in place and affect the current situation. But once we come out of t

Richard Branson, British business and philanthropist once said: “One day, offices will be a thing of the past.”

While organizations still need to travel to reach their physical offices, the rapid changes in the world are requiring businesses to form Virtual Teams. A Virtual Team refers to a group of individuals who work together from different geographic locations and rely on communication technology such as email, voice conferencing services, fax, etc.

Virtual Teams work well for an organization

Organizations are continually searching for innovative ways of enhancing competitiveness. This is brought about by evolving external factors such as changing demographics, globalization, and technology. Because of changing dynamics, it has required managers to rapidly rethink and retool their organizational management strategies.

Coming up with the appropriate strategies calls for an increasing need for organizational diagnosis in developing and maintaining a competitive advantage. Researchers be

“The only thing that is constant is Change.” - Heraclitus

An epidemic of change is happening globally--reengineering, restructuring, and revamping! Workplaces seem to be launching one change initiative after another.  Digital Transformation is happening everywhere. Yet, the hard truth is that many change initiatives fail.

Change Management initiatives fail because of the way organizations view change. Often, change is seen as an isolated process. Organizations tend to focus on only one part of the

Lean Management plays a significant role in putting in place processes, capabilities, and tools to improve how businesses operate. But, the Digital Age has increased both the opportunities for businesses who know how to react and the difficulty of getting it right.

Tasks performed by humans are now more complex be it accessing information in multiple formats from multiple sources or responding to changing market and customer dynamics at an ever-increasing speed. As an increasing number of tasks b

When things go wrong on a grand scale, often we direct our attention to the role of the Board. Debate exudes and often gets heated up and intensifies. This often happens when the Board spends more time looking in the rearview mirror and not enough scanning the road ahead. When this happens, governance suffers.

Often, the Board of Directors spend a bulk of its time on quarterly reports, audit reviews, budgets, and compliance.  However, with the change in the business environment, there is a greate

Organizations outsource critical functions like technology and security solutions. The benefits of outsourcing are attractive. However, there are also inherent risks involved with outsourced services.

Risks associated with vendors who support an organization's technology and or/ security solutions include cyber-attacks, Wi-Fi attacks, DDoS attacks, third-party attacks and more. There are also possibilities of a data breach. Such risks can damage the organization's reputation and cause financial l

As the last decisive step in customer service, a warehouse ensures cost effective distribution.  Latest technological innovation has turned warehousing into a competitive advantage.  It offers untapped potential for improvement. However, warehousing is a hugely neglected part of global supply chains.  There is inconsistency in picking, packing and shipping orders, storing receipts, and managing inventory and logistics operations.

These and the following roadblocks in the way of smooth warehousing

What is risk management?  

Risk management is the process of planning, organizing, directing and controlling an organization's human and material resources, in order to minimize or take advantage of the risks and uncertainties about that organization. 

Uncertainties represent risks and opportunities, with the potential to destroy or add value. Enterprise risk management software for banks enables managers to effectively address uncertainties, as well as the risks and opportunities associated with

Bridging finance solutions have been a common go-to for business owners that are looking for quick resolutions. Essentially, bridging finance options can help ‘bridge the gap’ in transactions which are time-constrained and require large funds. This is one of the reasons why bridging finance has become such an appealing proposition for business owners.

Whilst it can be beneficial, as with any form of lending there can be risks involved with taking out a form of bridging finance. This article helps

When talking about running a business, one of the most important points that must be addressed is in relation to business risks. When mistakes and accidents happen, the company can face heavy losses in different avenues such as productivity, finances and, in some cases, its image in the market. 

However, the good news is that most failures can be avoided through knowledge and planning. Thus, measuring, controlling and forecasting are important steps so that work processes are efficient, and the o