Love it or Loath it, AI is Our Future:
Love it or loath it, the future of business is undeniably tied to technology and innovation. As the business landscape continues to evolve, companies must embrace new technologies and tools to stay competitive and protect themselves from potential losses. One of the most significant technological advances that companies can leverage to protect themselves from losses […]
Retail Growth:Inventory Management
As an Operational Risk Consultant, I recently engaged in an enlightening conversation with a client about the challenges of sales in the current climate. While many may be quick to attribute declining sales to external factors such as economic downturns or changes in work patterns, it’s important to recognize that these are often mere symptoms […]
Role of Operational Risk Management
The Vital Role of Operational Risk Management Operational risk management is a critical component of any business strategy. It is the process of identifying, assessing and controlling the potential risks that could impact the day-to-day operations of an organization. Effective operational risk management helps businesses to minimise potential losses, protect their reputation, and ensure the […]
Supply Chain Strategy
As we move forward, the world economy is facing a global recession that will have a significant impact on businesses and their ability to execute change management strategies. According to the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, one-third of the world will be in recession this year, with half of the […]
Time Management
Take Back Your Time with these 2 top tips Prioritise tasks with the Eisenhower matrix: This technique involves categorizing tasks based on their level of urgency and importance, so that you can focus on the most critical tasks first. Implement the Pomodoro Technique: This technique involves breaking work into 25-minute intervals, with short breaks in […]
2023 Budget: #2023Hackathon
It’s that time of year when each business is trying to capitalise on the fourth quarter trading and in parallel forecasting the next trading year with budget planning. It’s not enough to be the market leader anymore. Companies have to be relentless in their quest for what’s next and How can they solve their problems […]
German Supply Chain Due Diligence Act
The German Supply Chain Due Diligence Act (SCDDA) is a new piece of legislation that aims to improve supply chain management and address risks to human rights and the environment. The law applies to companies with offices in Germany or that employ more than 3,000 people in Germany (reducing to 1,000 as of January 1, […]
2023 Fixed Vs. Variable Payroll
As businesses continue to navigate the challenges and uncertainties of the modern business landscape in 2023, many are considering the benefits of implementing an agile business model. One key aspect of an agile business is the ability to adapt and respond quickly to changes in the market, customer needs, and other external factors. One way […]
2023 Risks
As we head into 2023 the Risk landscape will continue to change, and we can use the here and now to get a shape of what’s to come. I look at this in 4 key pillars as a risk to companies globally: Geopolitical Security Operational Cyber Geopolitical We can see from the effects of 2022 […]