Smart Meters are Table Stakes, Next Up: Become a Platform

Smart Meters are Table Stakes, Next Up: Become a Platform

A recent report from the Edison Foundation Institute for Electric Innovation found that as of the end of 2015, over 65 million smart meters have now been deployed in the US, accounting for more than 50% of all households. Through ongoing deployment efforts across the country, that number will to grow to 70 million by the end of 2016 (including over 1 million more alone deployed by ComEd in the...

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Part II: What Does the Water Utility of the Future Mean for the Existing Workforce?

Part II: What Does the Water Utility of the Future Mean for the Existing Workforce?

In Part I of this two-part blog, West Monroe identified four key competency areas that we believe will be required to support the Utility of the Future: Water Resources Management Data Management Infrastructure Operations Each represents an area of transformation driven by the change in industry. After defining the areas of competency, we compared current employee types against these...

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Keeping Retail Banking Relevant – Ever thought of your local bank branch as a Starbucks? Part 1 of 2

When was the last time you visited your local bank branch? Physical banking seems to have become something of the past for most millennials, or 25% of the US population. According to the industry data, the majority of customers visit their physical branches once every six months. Moreover, over 80% of customer interactions are performed through self-service channels.…

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Why Your Supply Chain Technology Doesn’t Work

In today’s market, there are many software packages available to assist companies in their supply chain operations and management. Too often companies view best-of-breed systems and ERP solutions as a “silver bullet” to their supply chain issues, yet fail to see that there are many factors outside of the core technology that dictate the success of their system.…

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Getting Ready to Sell

You are considering selling your company – the business you’ve been nurturing for so many years. In today’s ultra competitive deal landscape with multiples at near record levels, it is important to be as prepared as possible for the sell process. Prepare your business for sale the same way you would prepare your house for sale – by taking care of red flags before you put your business (house)...

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Do you fully understand the causes of idle time in your operation?

For any operations management team trying to “do more with less”, it is very important to understand not just the productive time, but also the unproductive or idle time that is present in their operations. Idle time takes many forms, but in too many operations it is “tracked” or grouped together in one generic bucket that does little for those who are trying to manage it proactively.…

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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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