Managing an operational workforce is more intricate and challenging than ever.
With a new age of supply chain complications, gaps in a hybrid work strategy, and the modern-day consumer’s growing expectations, an executive in operations has their work cut out for them.
How does one detect and conquer these challenges?
With a data-driven digital transformation upon us, understanding and utilizing predictive analytics is the ticket to success.
For many, this means knowing the ins and outs of their business operations… yesterday, a month ago, or even a year ago.
But for those forward-thinking leaders who want to have an edge, this means predicting the future.
To navigate the chaos of the market, every enterprise needs discipline, direction, and order. COOs uphold these standards. Increasing customer satisfaction under the shifting trends and preventing losses while improving profits are challenges a COO faces every day. How does a savvy COO overcome these challenges?
Reimbursable employee expenses are a significant cost for most businesses, and unfortunately, they are often a source of fraud by unscrupulous employees. To combat this, businesses typically rely on auditing employee expense reports manually. As this is a tedious and very labor-intensive process, usually only 10% of all the receipts get audited. Thus businesses have an increased risk of expense report fraud going undetected.