Understanding the trade-offs of various software selection project approaches

Depending on my client’s priorities and appetite as it relates to timeline, budget and risk in the selection process, I recommend one of the following five approaches to software selection for the most important business applications (e.g., ERP, claims platform, loan origination): Standard software selection (10 to 12 weeks) – The most comprehensive and recommended option, with the longest...

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Are your core applications functionally scalable?

Understanding and being confident in the scalability of the core applications (e.g., ERP, CRM) that support your business is fundamental to your technology strategy.  At the most macro level, scalability can be broken down into technical scalability (the ability for an application’s architecture to handle increased load without degrading performance) and functional scalability (the...

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They say variety is the spice of life – but does the same hold true for Big Data?

Last week Chicago was one of 29 host cities around the world for Big Data Week, a week-long series of workshops on big data and analytics.  I had the privilege of giving a ten minute “rapid-fire” talk about big data in banking and also attended a number of other workshops.  It was a fun, thought-provoking week full of interesting case studies and great networking between government...

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Improving ROI for CPG Manufacturers

In today’s increasingly competitive retail environment, it is critical for consumer packaged goods (CPG) manufacturers to utilize trade promotions to drive product demand from consumers and in turn increase distribution into retailers. However, this comes at a cost. Typically, trade promotion spend is a CPG manufacturer’s second largest expense behind cost of goods sold, ranging anywhere from...

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“Smooth” Optimization

I LOVE smoothies! Delicious treats for those with seemingly healthy habits, and an alternative to milkshakes for those with a sweet-tooth like myself. And where do we all get them? Most likely Jamba Juice as they are definitely the main player in this $2B industry. If you, like me, frequent the establishment on occasion, then you’ve most likely noticed the changes that seem to happen...

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Co-sourcing: What is it? Is it real? Is it worth doing?

George S Day wrote a Harvard Business Review article about measuring risk of innovation called “Is it real? Can we win? Is it worth doing?” It’s a great article about how companies can measure risk before moving into a new product or venture. I think this type of activity applies really well to most technology projects, including co-sourcing.…

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Is your warehouse productivity flatlining?

Manufacturers and distributors face increasing pressures to maximize efficiency in their warehouses. But how they do so varies greatly. Finding the right balance of processes, technology, labor productivity, equipment and training is an art form. Warehouse managers must integrate these components into a comprehensive strategy, something that is easier said than done.…

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Supply Chain Revolving Around the Globe

Supply chain technologies are constantly evolving to keep up with the increasing globalization and complexity faced by organizations trying to manage their supply chains, keep costs down and maintain continuity in service and delivery. Many companies rely on a complex mix of spreadsheets fed by manual data entry and enterprise resource planning (ERP) systems; few of them use best-of-breed...

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SharePoint 2013 Functional Preview

“The New SharePoint,” SharePoint 2013, promises to raise your expectations as a collaborative workplace tool. The WMP Enterprise Content Management Team will create weekly blog installments profiling the latest end user tools making SharePoint 2013 the best SharePoint experience to date!  Over the next quarter you’ll read about SharePoint 2013 and the...

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Manufacturing & Distribution: Don’t Overlook the Operational Due Diligence

When it comes to due diligence for acquisitions in the manufacturing and distribution sectors, private equity firms often underemphasize the value of a thorough operational review. Manufacturing and distribution companies face a variety of operational challenges and issues that create high risk for an acquirer. Conversely, it is possible to turn these same challenges and issues into tremendous...

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Phone: 312-602-4000
Email: marketing@westmonroepartners.com
222 W. Adams
Chicago, IL 60606
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