Forbes says there are 2.5 quintillion bytes of data created each day. We use this data to make decisions, improve systems and processes, and gauge success on projects, initiatives, and goals. This only works, however, if the data we are using is 'good' - accurate and clean. How do you determine if [...]
Topics: Data Quality, Trustworthy Data, performance management for asset management, Performance Management for Maximo
I came across an excellent article by Forbes titled: "Why Performance Management Fails," which discusses the challenges of performance management. In this case, the focus is on Human Resources (HR) or individual performance management and associated Key Performance Indicators (KPIs). The points [...]
Topics: Data Confidence, Data Quality, Trustworthy Information, Trustworthy Data
A primary goal of MRO Supply Chain managers is to balance financial performance with risk mitigation. In order to achieve goals, however, quantifiable targets must be established and performance toward those goals must be measured. The difficulty is identifying ‘how to measure’ these balanced [...]
Topics: supply chain management, risk mitigation, Enterprise Asset Management, financial performance
