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IoT Data Series, Part 1 of 5: Utilize IoT in Your Business and Discover Untapped Opportunities

June 26, 2023 in Data, Featured, Technology, Why AMEND?

In today’s interconnected and data-driven world, implementing an IoT strategy can provide a competitive advantage by enabling real-time monitoring and advanced analytics to build smarter people, processes, and systems. To accomplish this, we partner with your organization to identify opportunities, implement IoT infrastructure, and analyze the high-resolution data while driving toward fast and impactful ROI. No matter where you’re at in the IoT journey, AMEND can support you in taking the next step to add value to your business. 

You may be wondering: What is IoT? How does it work? Why should I be interested? Where do I begin?  

IoT stands for “Internet of Things” and refers to the network of interconnected devices, sensors, and systems that can communicate and exchange data over the internet. It enables the seamless integration of physical objects into the digital realm, allowing for real-time monitoring, data collection, and analysis. Devices range from the fitness tracker on your wrist to the smart thermostat at home to industrial devices in manufacturing plants. These devices collect data such as temperature, humidity, vibration, and more which can then be analyzed to read your heart rate, adjust home HVAC systems, and predict when machine maintenance is required. 

How can you utilize IoT to improve your business? To identify opportunities, think about the following: 

  • Where can we improve efficiencies? 
  • Where are we trying to better understand processes and be proactive to perform better? 
  • What is one thing we can track that would give us a competitive advantage? 

 

Many use cases can add value such as predictive maintenance to reduce machine downtime, identifying bottlenecks to increase utilization, understanding machines and process conditions to improve quality, and more. The most effective approach is often to start simple with a few devices in a critical area and create a scorecard to drive results and strategy. 

 

Give us a call!

AMEND has a proven track record of being an IoT leader and delivering a competitive advantage by creating a strategy and seeing it through to implementation. With a focus on speed and efficiency, we enable businesses to quickly implement and validate IoT solutions, ensuring rapid returns on investment. If you’re interested in learning more, please request more information below! 

Operational Preparedness to Weather the Storm

May 5, 2023 in Featured, OpEx, Supply Chain, Technology, Why AMEND?

Impact of Economic Recession on Operations

An economic recession is a period of declining economic activity characterized by a significant drop in GDP, rising unemployment rates, and reduced consumer spending. Such downturns can have significant impacts on businesses of all sizes, and effective business operations are crucial for navigating those challenging times. This article discusses the importance of ensuring healthy business operations during an economic recession and provides insights on how your organization can optimize their operations to weather the storm.

Economic recessions can have a profound impact on #Operations. During downturns, many businesses tend to experience reduced revenue, tighter credit conditions, and the potential for increased operational costs. Additionally, as consumer spending declines, businesses may face challenges with managing inventory and cash flow, resulting in decreased profitability and lower shareholder returns.

The Importance of Operations during an Economic Recession

Effective business operations are critical during economic slowdowns as they enable companies to remain competitive, reduce costs, and maintain customer satisfaction. Specifically, optimized operations can help companies achieve the following:

  • Reduce Costs | During economic downturn, businesses need to cut costs to remain viable. Optimized business operations can help companies identify areas where costs can be reduced, such as streamlining supply chain processes, reducing waste, and minimizing inventory levels.
  • Improve Efficiency | During an economic downturn, businesses need to be more efficient to maintain profitability. By optimizing operations, companies can improve efficiency, reduce lead times, and increase productivity.
  • Increase Agility | Economic recessions are characterized by market uncertainty, and businesses need to be agile to respond quickly to changing market conditions. Optimized operations can help companies be more agile by enabling them to adjust their operations quickly to meet changing market demands.
  • Maintain Customer Satisfaction | During economic downturns, businesses need to maintain high levels of customer satisfaction to retain customers and maintain revenue streams. Optimized operations can help companies maintain customer satisfaction by improving delivery times, reducing product defects, and providing excellent customer service.

Strategies for Improving Business Operations during an Economic Recession

To improve operations during an economic downturn, companies can adopt the following strategies:

  • Improve Supply Chain Management | Companies can optimize their supply chain management by improving supplier relationships, reducing lead times, and implementing just-in-time inventory management systems.
  • Streamline Business Processes | Companies can streamline their business processes by identifying areas of waste, reducing bureaucracy, and eliminating redundant activities. 6s (with safety) combined with various LEAN methods can identify and reduce wastes, preparing your business for any uncertainty.
  • Embrace Digital Transformation | Companies can leverage digital technologies to optimize their operations, automate routine tasks, and improve decision-making capabilities. Power BI is a great option to aid in decision-making, by getting pertinent information + KPI’s into a single source of truth.
  • Focus on Talent Management | During economic recessions, businesses need to retain top talent to remain competitive. Companies can optimize their talent management processes by investing in employee development, providing flexible work arrangements, and promoting a positive workplace culture. People are a critical part of the business transformation equation.

 

Optimized Business Operations Lead to Long-Term Success

Economic recessions can have a significant impact on businesses, but effective operations are critical for navigating the challenging times. Optimized business operations can help your company reduce costs, improve efficiency, increase agility, and maintain customer satisfaction. To optimize your operations during an economic recession, you can adopt strategies such as improving supply chain management, streamlining business processes, embracing digital transformation, and focusing on talent management. By implementing these strategies, businesses can emerge from an economic recession stronger, more efficient, and better positioned for long-term success.

 

Give us a call!

If you are interested in learning more about this material and how to prepare your business for the future, AMEND Consulting is ready to provide additional information.

Women on the Move

March 29, 2023 in AMEND Culture, Announcements, Featured, Leadership

Celebrating Female Leaders at AMEND

No better time than in the midst of Women’s History Month to celebrate our very own as they were featured in the latest Cincinnati Business Courier release of People on the Move!

Cindy Daumeyer

Cindy joined AMEND in 2021 for the opportunity to work on the company’s first ever product offering, Batched.io. Since the announcement of the intent to merge Batched with two partner vendors, Cindy has been leading the charge of integrating the customer success functions of all three entities to deliver a cohesive and exceptional customer experience. She is an active volunteer in her community and frequently supports local politics in a strategic capacity. 

“As our VP of Customer Success, Cindy has been responsible for building out our customer success team, processes, and overall objectives. Cindy’s wealth of experience in this space has allowed us to quickly grow our Batched software product while keeping the ultimate aim on our customer’s satisfaction and retention.”

Matthew Murphy, Partner | AMEND Consulting

Leslie Nienhaus

Leslie Nienhaus recently completed her first year with AMEND Consulting as the VP of People. During this time, she has elevated various aspects of the employee experience. Most notably, Leslie built an employee development ecosystem rooted in AMEND’s history of investing in people, while also creating scalable practices and systems to support future growth. She is a member of Cincinnati USA Regional Chamber’s WE Lead class 17 and serves as a board member for Girls on the Run Greater Cincinnati.

“Leslie is the most talented HR person in this region bar none. Under her leadership, AMEND Consulting will continue to grow and be the destination for the best and brightest! Leslie is driving full steam ahead to be the region’s most influential HR leader. Keep an eye out for her and her huge impact on AMEND Consulting.”

Paul Delaney, Partner and Chief People Officer | AMEND Consulting

Sara Bolton

Sara joined AMEND Consulting as VP Business Services at a pivotal time in the company’s journey to scale. During her first year, Sara bolstered the internal infrastructure, expanded the team, and launched an Operating System, all of which accelerated AMEND’s growth. Sara enjoys staying connected to her Public Health roots by serving on various boards and committees, including Bi3’s Grant Committee and Interact for Health’s Operations and Audit Committee.

“As our first ever VP of Business Services, Sara’s steady leadership has brought us structure that will undoubtedly be the backbone as we scale through our current 5 year plan. We are lucky to have Sara – it’s been a joy to work together and see her bring a unique background and execution style to our firm.”

Bobby Smyth, Operating Partner | AMEND Consulting