Many times, when managers are tasked with solving a complex problem they jump immediately into implementing various solutions to save time (and money) sacrificing a thorough understanding of the process and all the likely causes of the problem.
Our data analytics team at Starr & Associates often partners with operations and our six sigma engineers to drive process improvements by using various exploratory, statistically descriptive, or predictive analyses to identify opportunity.
Financial industries and the global economy have experienced an array of ups and downs in the past decade. With some countries losing stability and others building themselves back up, it can quickly become unsettling guessing where the market may be at any given time.
The rise of social media has drastically shifted the way brands and entrepreneurs interact with loyal followers and consumers. Companies are no longer limited to outdated methods of communication, and instead, have adapted to social media to enhance customer relations while building better reputations for themselves.
Nearly every company goes through some organizational growing pains. One common development, departmental silos, occurs at some point. Successful companies break down a silo, a department that protects its information, keeping it from other departments. Silos cause growth breakdowns, so continued growth requires their eradication.
With a booming tech industry in conjunction with the entrepreneurial spirit, business owners today have a myriad of tools and software available to increase sales and profits while increasing ROI exponentially. Understanding inventory management in the age of big data is essential for any industry looking to get ahead in an ever-increasing competitive marketplace.