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PPM for Internal Departments
A business practice that assists organizations to align their portfolio of projects with their business strategy. Typically IT departments employ an IT governance framework to ensure that their PPM...
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Documents related to » strategic investment decision it


IT Investment Decision Making: Getting to
Many technology sales cycles get bogged down in the IT department. But while it is unlikely that a sale will get anywhere without IT management buy-in, IT

strategic investment decision it  hardly ever would a strategic investment be made without the approval of the managing director (MD) and finance director (FD) regardless of the recommendations of the IT department (Figure 3). Maybe this is not that surprising but it is a salutary reminder of the need to move beyond the IT department to ensure the success of any major sale. IT may say yes, but finance can still say no. It might not be that the FD disapproves of the proposed investment, but just that the organisation can simply not afford Read More
Technology''s Role in Strategic Human Resources
The human resources (HR) department can—and should—deliver contributions to the organization''s bottom line. Through technologies and service providers, HR can

strategic investment decision it  corporate growth. Examples of Strategic HR Here are some quick takes on how companies can strategically leverage HR for measurable gains. The impact areas and results in the list below are far from complete, and are provided here only as samples: Staffing levels : Aligning time tracking with disability and leave information fosters greater understanding of staffing needs. New hires : Melding rsum data with future business needs pipelines qualified individuals for impending job openings. Succession Read More
The Need for Investment in Enterprise Innovation: Part One
Manufacturers throughout the world are scrambling to respond to ever-changing economic conditions, increasing (or at least fluctuating) material costs, and

strategic investment decision it  which ideas/concepts support their strategic objectives and are therefore viable initiatives (see Figure 2). Figure 2 – Ideation. © Sopheon The next phase, innovation process and project management , manages innovation initiatives to get the right new products and/or services to market cost-effectively and on time. Using these tools, companies should know whether a particular initiative should be moved forward for launch or whether some other initiative should be moved into development instead (Figure Read More
The Need for Investment in Enterprise Innovation: Part Two
Sopheon – Where Innovation Means Business (and Vice Versa)Last week I talked about enterprise innovation management (EIM)/innovation performance management

strategic investment decision it  rather than the top-down strategic business planning that is Sopheon’s inherent approach. Sopheon’s buyers are thus in the executive C-suite, whereas PLM buyers are primarily in engineering. In addition, PLM vendors have their eye on the ideation segment and it wouldn’t be surprising to see some acquisitions of standalone ideation vendors. This could be especially true in light of PTC recently putting a halt to the sale of Windchill SocialLink (based on SharePoint) after the product’s dismal Read More
Distinctions and Benefits of Strategic Sourcing
Strategic sourcing involves ongoing relationships, which creates the opportunity for mutually beneficial collaboration between the buyer and the suppliers. This

strategic investment decision it  and Benefits of Strategic Sourcing Originally published - August 8, 2007 Global sourcing, despite its inherent risks, offers numerous benefits to enterprises in terms of lower costs for materials and labor. It also requires a much closer integration among the supply chain partners. Supplier relationship management (SRM), a methodology designed to structure and support the relationships between buyers and suppliers, becomes essential when a supply chain recognizes the benefits of strategic Read More
Proactive IT Managers Can Make a Difference
IT managers, under increasing pressure to align their activities and spending with the strategic objectives of the enterprise, need to find new ways to raise

strategic investment decision it  business, it can miss strategic opportunities where business managers and planners may not have considered the potential business contributions of IT. This is where the CIO has an opportunity to proactively work in advance of the operational planning cycle to develop a framework that business managers and planners can use to integrate IT opportunities into the operational business plan before IT action plans are developed. Components of an Alignment Framework In the early 1990''s the American Productivity Read More
IT Investments and Business Value
The view of technology has evolved over time—from a strategic enabler and a competitive weapon to an operational overhead. IT projects that come in over budget

strategic investment decision it  evolved over time—from a strategic enabler and a competitive weapon to an operational overhead. IT projects that come in over budget and with missed deadlines and lackluster results do not help matters. It is up to the CIOs to restore the perception of IT in the enterprise, by understanding the company’s goals and showing business leaders how IT projects and services can help reach them faster. Read More
Transforming Inventory Into a Strategic Weapon
If you prefer the more productive, long-term approach, check out Transforming Inventory into a Strategic Weapon.

strategic investment decision it  Inventory Into a Strategic Weapon You can view inventory optimization as a one-time fix for quick returns, or a long-term strategy for competitive advantage. If you prefer the more productive, long-term approach, check out Transforming Inventory into a Strategic Weapon . In this practical guide , you''ll learn how best-in-class companies create an ongoing competitive edge by aligning their day-to-day inventory plans with top-level corporate goals. You''ll discover how to define the right supply Read More
Beating IT Recession Blues
IT spending is often an issue for companies, but in difficult economic times it’s even more important to see what benefit IT can bring to the business. But IT

strategic investment decision it   Read More
Good Times for CombineNet, Strategic Sourcing Specialist
Most strategic sourcing software solution vendors nowadays offer spend analysis, contract management, and supplier performance management tools within their

strategic investment decision it  Times for CombineNet, Strategic Sourcing Specialist Most strategic sourcing software solution vendors nowadays offer spend analysis, contract management, and supplier performance management tools within their solution suites. CombineNet is unique in its status as a specialist, with a laser focus on strategic sourcing optimization and bid evaluations. CombineNet products provide the mechanism to negotiate the best deal that satisfies overall supply chain and the master company requirements. Read More
Driving Business Decision-making
Chief financial officers (CFOs) are moving beyond administrative and transactional tasks and becoming catalysts to improve business performance. In

strategic investment decision it   Read More
Seeing the Big Picture: A Corporate Guide to Better Decisions through IT
Today’s small and midsize companies are destined to make uninformed decisions on an alarmingly regular basis. Executives simply do not have the relevant

strategic investment decision it  decision making,information technology,information visibility,ethical decision making,decision making techniques,decision making software,decision making styles,decision making activities,ethical decision making model,decision making models,decision making quotes,consensus decision making,decision making steps,decision making tools and techniques,decision making processes Read More
If It Ain’t Broke, Don’t Fix It!!!
“If it ain’t broke, don’t fix it.” If this proverb were applied in today’s operations, every organization would be in a reactive mode of maintenance and work

strategic investment decision it  It Ain’t Broke, Don’t Fix It!!! “If it ain’t broke, don’t fix it.” If this proverb were applied in today’s operations, every organization would be in a reactive mode of maintenance and work against the lean manufacturing concepts. Any breakdown or downtime on the manufacturing floor, in the warehouse, in transportation, or any other business process will create missed customer commitments, failed deliveries, idle time, and lost labor hours. Instead of taking the risk and being in reactive m Read More

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