Collaboration is the real key to success in manufacturing. This becomes especially important if you are operating from different geographical locations. Many companies quite understandably outsource their manufacturing because they can cut the cost drastically in countries like China, India and Korea. The Problem Geographic distance adds lead-time, and manufacturing centers in low-cost countries [...]
Welcome to the 2nd Half of 2016. On one hand you have an information overload, on the other is data analytics and just ahead is the social media junction, opposite the iconic customer service tower. Soon we will approach our destination, the IoT. This is exactly how businesses feel today. Even before the IoT, organizations were facing [...]
One of the biggest organizational challenges is acquiring and retaining millennial workforce. Many organizations have found that free coffee and motivational posters doesn’t work the hard way. U.S. Chamber of Commerce, however, found a way to solve this. According to the Chamber of Commerce, 3 out of 4 millennials choose work-life balance over other career [...]
Any manufacturing unit of a retail business accounts for the typical costs of working with material acquisition, production cost, shipping, and so on. But what about the ‘in between’ costs - the costs that occur while you are trying to complete a task? Most businesses often have overlooked costs while managing workflow – hard [...]
Docsvault, a hugely popular, versatile and powerful document management software, was recently reviewed by FinancesOnline.com which is considered to be among the trustworthy portals for authentic software reviews. In the review of Docsvault a brief overview of the app’s features was given along with the major benefits of the software. They also mentioned 3 [...]
In a perfect world, enterprises wouldn’t be struggling with mountains of data nor having problems extracting value from data. But it isn’t a perfect world and enterprises are struggling with these problems.According to Mike O'Rourke, IBM's VP for business analytics there are some kinds of data that get valuable over time. However, not all data [...]
Productivity and Profitability Analysis with DocsvaultFor every business, improving process and productivity is a constant and inevitable challenge. We have a number of tools that help in the mapping process, quality, and productivity in various industries. These tools help us to gather data and analyze them to track productivity.For instance, labor productivity reports can help [...]
Companies around the globe are in a perennial race to be more successful and invest heavily in new technology and talented personnel to achieve that end. This strategy has been slightly affected in these times of global recession and cautious recovery. Now, companies have grown a natural instinct for cutting expenses, saving money and sticking [...]
We love 3D printing. We are obsessed with this technology. It never fails to amaze us. We are amazed that manufacturers and engineers are conjuring amazing products, laymen are printing out castles, people are getting a new lease on life with prosthetic arms and legs, dentists and graphic designers are creating new shells for turtles [...]
Every organization, at some point, needs to delve deeper and gain insights on their projects to understand where they stand. From NGOs to large organizations, every business is involved in time-sensitive projects that need to be intermittently examined. Here are some interesting facts about project reports. According to Chaos theory, only 50% of project managers [...]