Categories
Management Operations Supply chain

Operations and Supply Chain Management: 5 Fundamental Elements of an Effective OSCM System

The next product you purchase online, take a moment to consider the steps it takes to fulfill your order, and deliver your product to your door. Each step is part of a large network of complex processes. And the management of these processes is termed Operations and Supply Chain Management (OSCM).  OSCM looks at each […]

Categories
Management Manufacturing Operations Quality Control

PFMEA: Learn How to Remove Error From a System With This 10 Step Guide

Process Failure Mode Effects Analysis (PFMEA) is a methodology used to remove errors from a process. Errors are identified, prioritized, and then mitigated systematically. For instance, corrective action in the early stages of a product life cycle is ~29x less expensive than corrections made later on in the design process. This shows that early error […]

Categories
Compliance Management Risk

What Is the COSO Framework? Deconstructing the Jargon (+ How to Implement the Framework in 5 Steps)

The Association of Certified Fraud Examiners (ACFE) reports that weak internal controls are responsible for almost half of fraudulent activity. With this in mind, how do you ensure your business isn’t an easy target for fraud? The Committee of Sponsoring Organizations (COSO) designed a framework in 1992 to help businesses design a strong and effective […]

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Management Risk Tools

ERM: How to Protect Your Business With Enterprise Risk Management

In 2019, 57% of senior-level executives report they are ill prepared to address business risk and compliance. This comes as no surprise, with only 36% of organizations adopting a formal enterprise risk management (ERM) program.  It’s clear that we have a problem. Corporations are failing to address the risks inherent in their business, and lack […]

Categories
Management Operations Process Improvement

Poka Yoke What? A Methodology for Quality Assurance to Prevent Costly Errors

Kon’nichiwa! Welcome to FAT FINGER’s blog. In this article, we’ll be discussing poka yoke.  Poka yoke what? Exactly, we’re not speaking English. Unless you know Japanese, this term will have you scratching your head. Poka yoke is Japanese meaning mistake-proofing. The poka yoke methodology is used to prevent costly errors from business operations, assure quality […]

Categories
Human Resources Management Top talent

9 Box Talent Review: Your Ultimate Guide for Effective Performance Management And Succession Planning

Attracting, identifying, developing, engaging, retaining, and deploying top talent is considered to be extremely important by CIPD (the professional body for HR and people development). The CIPD states that effective talent management and succession planning bring compelling benefits to an organization such as building a high-performance workplace, inclusive and diverse teams, and improved team-wide productivity. […]

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Human Resources Management Process Improvement

What Is a Human Resources Diagram? The 7 Steps of HR Planning and When to Use HR Diagrams (Plus 4 Diagram Examples)

Business is a product of human imagination and effort. Business processes rely on the power of human capital, meaning every organization desires to recruit and maintain a skilled workforce. With proper attention, investment and planning, companies can realise the potential of employees for the benefit of a business and its objectives. But to do so […]

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document management Management Tools

Digital Forms: 6 Top Form Building Apps for Improved Efficiency and Sustainability

Did you know that 80% of small to mid-sized businesses are working to switch from paper forms to digital alternatives? This switch comes at a time when the call for more sustainable business operations has never before been as pressing. Because they reduce paper use and the associated environmental costs, digital forms are a more […]

Categories
Management Remote work SaaS

12 Remote Work Software Tools for a Successful Remote-Work Transition

In 2020, McKinsey and Company reported 9 in 10 companies are switching to a remote or hybrid working model. This is because employees prefer this working style as opposed to more traditional office-based work. Remote work gives company-wide benefits such as lowered business expenses, increased productivity, improved employee satisfaction, and a reduced carbon footprint. Yet, […]