McKinsey & Co means that while most companies do their best to optimize production processes using established rules of thumb or incomplete data, at the end of the month or reporting period, they often discover sizeable gaps between actual profits and what they had expected. Accordingly, that is because they typically lack precise-enough measures to understand the…
Non-arguably, supply chain has undergone a tremendous change over the last 3 decades or so. Its focus has shifted from a purely operational logistics function to a wholly independent supply-chain management function. Moreover, digitization creates a disruption nowadays and requires companies to rethink the way they design their supply chain. To cope with changed requirements, and enable…
McKinsey & Company reports on an analysis of high-stakes transformations which reveals a few pragmatic lessons that increase the odds of meeting the organization’s objectives. As a fact, keeping hundreds or thousands of initiatives on track is a monumental task, one that too few organizations around the world do well. And given the statistics that…
McKinsey & Company reconsiders intelligent process automation in this must-read article. Outlining the five key technologies of full intelligent process automation, they share with us how to properly use them to enhance productivity and efficiency, reduce operational risks, and improve customer experiences. This is especially important in the digital age, as organizations are heeded to constantly and…
McKinsey & Company means that in order for companies to be more agile & effective, quicker to react, deliver great customer experiences, take advantage of new technologies to cut costs, improve quality and transparency, and build value – they need to commit to a next-generation operating model. This operating model is a new way of running the organization…
Mckinsey & Company explores the pros – and now- the previously overlooked cons of organizational transparency within the business world. When thinking of buyers and sellers rating each other on eBay, Airbnb, and Uber – transparency (sharing information freely) in the business world is generally considered a good thing insofar as accelerating information gathering and helping along…
