OKR stands for Objectives and Key Results. It is a collaborative goal-setting protocol for companies, teams, and individuals. OKRs are not a silver bullet. They cannot substitute for sound judgment, strong leadership, or creative workplace culture. But if those fundamentals are in place, OKRs can guide you to success. A brief history of OKR. Andrew Grove popularised the concept of OKR during his tenure at Intel. John Doerr has made it a formal process and helped organizations like Google etc successfully. Doerr published a book about the OKR framework titled Measure What Matters in 2017 ..read more

License plating is a barcode reader system that groups together any set of materials or products and marks it with a unique number i.e., License Plate Number (LPN). Most of the warehouses continue to use outdated inventory management processes for a large amount of material handling. A license plate number is a barcode reader system or RFID system that consolidates the items as part of the shipment and assigns a unique number.  The LPN number can be assigned to the whole shipment or partial shipment depending on how one wants to receive or deliver the products. LPN could be a b ..read more

Industry 4.0 can generate new business models and increase the efficiency of manufacturing processes by making use of relevant disruptive technologies to enable autonomous communications among industrial devices distributed throughout a factory and on the internet. Some examples include smart manufacturing, cyber-physical production systems, cloud manufacturing, and social manufacturing. Reference models represent a common structure and language to describe and specify system architectures and, therefore, are beneficial to promoting common understanding and system interoperability. Few selecte ..read more

The RAMI 4.0, Reference Architecture Model Industrie 4.0 (Industry 4.0), is developed by the German Electrical and Electronic Manufacturers’ Association (ZVEI) to support Industry 4.0 initiatives, which are gaining broad acceptance throughout the world. Industry 4.0 (also termed Industrie 4.0) is a holistic view of manufacturing enterprises, started in Germany, with many worldwide cooperative efforts including China, Japan, and India. Industry 4.0 concepts, structures, and methods are being adopted worldwide to modernize manufacturing. The development of RAMI 4.0 focused on industrial product ..read more

Nowadays many industries have aware of Artificial Intelligence, which is the duplication of human intelligence processes by machines. After doing much research fleet managers came to know that artificial intelligence is not meant to replace their position, but rather it supports making their role more productive and efficient. Finally, fleet managers get help from AI with their business needs and aid to introduce new technologies. Do you think that is it possible to help AI to solve these problems completely? NO, perhaps AI based fleet management system will help to reduce these types of chal ..read more

Key Performance indicator helps to identify the issues before they become hectic problems. It is difficult to know how fleet managers can make things better if they don’t have proper benchmarks, that’s why every successful organization will set some good metrics to keep its fleet operations running smoothly. Keeping proper KPIs for fleet management operations is one of the best ways to improve your operation’s productivity, and cost control, and also it will help to track the performance benchmarks to compare current data with historical performance. It is a very critical component for every f ..read more

Aligning people’s performance to the strategy makes the strategy execution process more complete. Personal Balanced Scorecard translated your long-term ambition and values into short-term manageable, measurable, and concrete actions in a balanced way. The personal scorecards are aligned with a balanced scorecard to ensure organizational alignment. It entails the related personal objectives, measures, targets, and performance. A personal Scorecard has two main components, one is personal objectives and another component is a set of competencies. Personal Objectives are linked back to the strate ..read more

Why do organizations fail to get results from Strategy Execution Initiatives especially, Balanced Scorecard programs? No executive leadership and ownership to lead the strategy execution initiative.  It is done by only the middle management and it takes a longer time for development Scorecard not linked to strategy (No strategy map and just KPIs in four perspectives) Scorecard not communicated to employees Scorecard not linked to management processes. It is not linked to 6 stages closed-loop management system and office of strategy management Successful Organizations Need Both Inspirati ..read more

The strategy has to drive the business and hence the business processes and operations should be aligned to the strategy. If we don’t do a proper alignment of strategy with operations, we always find redundant processes which are not required by the organization but still perform. This is a continuous process to optimize the business process in alignment with the strategy. Integrating framework: Strategy themes, and objectives linked to key processes, provide a unifying framework for the management system. Strategic themes/objectives provide a top-down framework to guide the governance proces ..read more

Compliance management is the process of ensuring activities across the organization are in line with laws, regulations, and requirements. Requirements are set by a comprehensive collection of entities, including governments, regulatory and industry bodies, and employee unions. Every organization/business must follow rules that require them to perform corporate activities ethically and safely, these rules include all outside regulatory, and legal requirements as well as internal policies. Compliance management involves the procedures and policies used to reduce the risk. This is a documentation ..read more