Primary Greatness – Transformation
While reading his latest book, Primary Greatness, by Stephen Covey, published posthumously, I realize that I am currently experiencing a tremendous wave of change, very much inspired by his 12 levers of success...
Inventory Shrinkage – Is It Eating Into Your Profits?
Boardroom Metrics provides Strategy Consulting and RFP Response Writing expertise to clients in the United States, Canada, and Europe. The definition of Inventory Shrinkage varies slightly from manufacturing, to distribution centres, to retail. Irrespective of the situation, Inventory Shrinkage is simply the difference between recorded inventory and actual inventory. In other words, shrinkage is the reduction in [...]
Post-Acquistion Integration Management – Week 2 and Beyond
This blog post is the second in a series on Post-Acquisition Integration Management. It follows the first posting titled, “Post-Acquisition Integration Management – The First Week is Key.” Now that reality has settled in, we need to get to work. Your second week, and the weeks to follow, should always start with a Monday morning [...]
Post-Acquisition Integration Management – The First Week is Key
If you are the VP of Operations of a company that just acquired another institution, I feel your pain. Having been on both sides of an integration management initiative in the banking industry, the most common post-acquisition issues from Day 1 are: Fear of the unknown Staff reaction Culture shock Duplication of positions Variations in [...]
Optimize Inventory Turns To Increase Return on Inventory Investment
As a consultant, who specializes in inventory management, I often notice that companies are jeopardizing their abilities to make more sales and increase cash flow by not taking the time to optimize their inventory turns. If this is an issue your company is facing and you're looking for ways to increase your Return on Inventory [...]