The needs of the changing business, economic, and technology landscapes have given organizations that manufacture precision and complex products an added incentive to see how they can manage to contain rising costs, and stay competitive against global competition and market volatility. The findings were quite unlike those experienced by tradiditional discrete manufacturers, since discrete manufacturers do not deal with the same intricacies of mass customization as ETO manufacturers. It was with this as a backdrop that I and fellow TEC analyst Leslie Satenstein engaged in conversation with Global Shop Solutions ERP engineer Marc Atnipp in order to review their product One-System as part of a recent TEC Certification exercise. Read the rest of this entry »
IFRS is an accounting standard dealing with global financial reporting. XBRL is an electronic language describing financial data according to global standards. This article describes why IFRS will displace GAAP in the US and the link between IFRS and XBRL. Read the rest of this entry »
Part 1 of this blog series introduced and analyzed some mixed feelings and doubts that we might still have about the noble concepts of talent management and human capital management (HCM), while Part 2 provided some definitions of these two software categories’ respective scopes.
No Laughing Matter, Indeed
The discussion so far has ascertained that talent management, as a strategy, requires both appropriate systems and an organizational commitment to attract, acquire, manage, and measure the talent needed to achieve a company’s business objectives. Without the alignment of business and talent management systems and processes, and without closing the gap between workforce strategy and execution, companies will sub-optimize their benefits and put their goals at risk.
Going hand in hand with strategic alignment is another significant trend in recent years, which is the recognition that automating transactions in silos (within only, e.g., recruitment, performance, compensation, succession) is not helping the human resources (HR) department. It is indeed difficult to expect any strategic alignment between business and the talent roster with fragmented data, applications, and talent pools, where data is often lost, and there is consequently no single view (or single version of truth). Read the rest of this entry »
Part 1 of this blog series outlined the problem that, as the number of systems, applications, databases, and whatnot platforms increases, the IT business community requires a holistic approach across all these various systems to provide a single point of running IT jobs and workload automation. It also pointed out the difficulties in achieving this noble idea, and introduced Advanced Systems Concepts Inc. (ASCI) and its ActiveBatch cross-platform enterprise job scheduling and workload automation solution. Read the rest of this entry »