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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 […]
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 […]
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 […]
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 […]
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. […]
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 […]
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 […]
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, […]