“By using visual task boards (Kanban) that portray clear time-frames and expectations coupled with the prioritization of tasks including preventative plans for mitigating the unexpected is a great way to optimize productivity. It is important that work-in-progress is kept low to reduce over-production. You can also encourage employees to collaborate on tasks as well.”
Category Archives: Business
When to Automate a Process
Many Managers and leaders ask this question, “When do I know its time to automate a Process?” The simplest answer is that automation of a process is critical when the well-being of your employees is being impaired, too much time is spent on manual input and putting out fires; and less time is dedicated toContinue reading “When to Automate a Process”
Lean Wednesday Tip: Maxing out Asset Depreciation Deductions
“If you max out asset depreciation deductions and have written it off 100%, it is best to donate it to reduce income taxes.”
E.O.W (End of the Week) Notable Tip: Aligning product success metrics with customer priorities and strategic goals
Happy Friday! I hope you had a great week. This week’s Notable Tip is focused on the development of valuable and critical product KPI metrics. If you are not measuring and monitoring the most important metrics of your product’s performance progress then you are missing valuable insights that can help you optimize your product. BelowContinue reading “E.O.W (End of the Week) Notable Tip: Aligning product success metrics with customer priorities and strategic goals”
Lean Wednesday Tip: Performance Measures
“When you have insufficient information about a product, process or service, you are unable to control it. Ergo, when a process cannot be controlled, the organization is at the mercy of chance. KPIs must be aligned with the strategic goals of a company as well as with its customers priorities.”
Lean Wednesday Tip: Issuing Section 1244 Stock
“Small C Corporations benefit from issuing Section 1244 Stock as it offers shareholders better tax treatment if they lose money on the disposition of their C corporation stock. It is best to create a written corporate resolution that specifically states that the shares are Section 1244 stock. Also, make sure to authorize more shares thanContinue reading “Lean Wednesday Tip: Issuing Section 1244 Stock”
IT Asset Management Checklist
It is important that you are periodically auditing and logging critical IT assets for the purpose of minimizing security, conduct and financial risks. Below I have noted the most important assets that should be properly logged and have auditable documentation. IT ASSET MANAGEMENT CHECKLIST: Hardware and Software computer user, UPC, location, model number, et ceteraContinue reading “IT Asset Management Checklist”
Notable Friday Chat: Fraud Risk Management
Happy Friday! I hope you’ve had a great week. With that said, I want to leave you with a short message about Fraud Risk Management. Until next week, have a wonderful weekend and remember, “Success is continuous improvement”! “To minimize fraud risk, top management must be committed to a Fraud Risk Management program, implementContinue reading “Notable Friday Chat: Fraud Risk Management”
Preventing Process Failure with FMEA (Failure Modes & Effects Analysis)
FMEA (Failure Modes & Effects Analysis) is a Lean Six Sigma technique for identifying both the ways that a product, part, process or service can fail and the effects of those failures.Once these failure modes are identified, they are rated by the severity of their effects and failure probability. This is critical to the designContinue reading “Preventing Process Failure with FMEA (Failure Modes & Effects Analysis)”
Lean Wednesday Tip: Customer Focused Process Improvement
“Effective Lean organizations study their processes from their customer’s point of view and align their processes to meet their customers’ needs the first time and every time.” – Donna Summers
Notable 