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When solving problems, management consultants rely on facts; and their most trusted source for facts is numbers. Numbers hold great power because they cannot be disputed. In a consulting engagement, numbers are used at every step. From reviewing a client’s baseline in order to identify business opportunities at the outset, to calculating savings from… read more →
In most organizations, measuring productivity should be a straightforward exercise. But our experience shows that even in companies where productivity should be extremely easy to evaluate – for example, with assembly line production – there is often insufficient attention paid to proper productivity measurement, and proper discipline around undertaking the measurement process is never established… read more →
Oil and Gas players these days are challenged with several external factors that can potentially corrode their profit margin. Factors such as new environmental policies, demand for higher quality products, growing investments in renewable energy sources, and global geopolitical events – all contribute to today’s market dynamic uncertainty and product price volatility. As a solution,… read more →
By Adrian Travis Last mile business reporting tools are the reports we use to manage business performance at the front lines. Reporting typically fails to go the ‘last mile’ because it resides in dozens of different systems, requires manual creation and editing, or just isn’t disseminated to the right people. This results in the department… read more →
Organizations succeed or fail based on their capability to set, track, and enforce key performance indicators (KPIs). KPIs are widely considered as measures by which businesses evaluate whether their actual performance is in line with their strategic business goals. However, if an organization’s KPIs can’t be easily tracked, quantified, and tied to an organization’s bottom… read more →
In today’s world, most businesses have access to a plethora of data. The biggest hurdle is understanding how to use the data to develop insightful metrics that lead to improved decision making and enhanced performance. Many organizations tend to focus on industry benchmarks or generalized operational metrics; however, these metrics are often not specific enough… read more →
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