Innovative Approaches to Cost Reduction in Operations
COOs should have an eye on their company’s bottom line. In addition to generating sales, they must determine ways to save money. As Benjamin Franklin said, “A penny saved is a penny earned.” As COO, you must ask yourself what approaches you can integrate to reduce...
Best Practices for Managing a Global Workforce
Thanks to today’s remote working capabilities, businesses can source talent from all over the world. They are no longer limited by location. They can find the best workers, even if they live across the globe. However, challenges arise in terms of managing that...
Procurement in the Next Decade
With advances in technology and sustainability strategies, smaller companies can improve their procurement practices. While leading procurement companies are using innovative approaches to stay ahead and prepare for the next decade. This month, McKinsey released a...
Key Metrics Every COO Should Track for Business Success
Key metrics are vital to business. They indicate how well strategies are performing. They determine ROI and help businesses understand what’s working and what isn’t. Leaders should track key metrics on an ongoing basis. But which metrics should they focus on? This...
How Does Tech and Talent Go Together?
Talent management starts by focusing on workforce challenges, adapting to generational needs, leveraging technology in operations, and developing leadership for talent retention. McKinsey & Company posted a podcast on how tech and talent go together. Below, you...
Leading Remote Teams: Best Practices for COOs in the Era of Remote Work
In the modern business world, remote work is no longer the exception, it’s the norm. Despite its growing acceptance, COOs still struggle to keep teams engaged and connected when working virtually. Other issues arise in the form of security risks and miscommunications....
COO’s on the Move: July 2024
For Chief Operating Officers (COOs) embarking on a career change, the journey ahead is filled with both challenges and opportunities. Today, Operation Council will highlight 11 COOs that have accepted new roles in July 2024. Porsche Cars North America Names John...
Chief AI Officers: Here’s What Success Looks Like
Artificial Intelligence (AI) is on the rise, therefore, the demand for Chief AI Officers is also on the rise. The Chief AI Officer is a role that can shape a future of a company. Below you will learn what success looks like in this new c-suite role. As reported by...
Streamlining Supply Chains: Best Practices for Operations Leaders
A company’s supply chain is crucial to operations. Without supplies, businesses are unable to maintain productivity. They lack inventory to fulfill orders and may not have the resources they need to complete daily tasks. Unfortunately, several factors can disrupt...
Balancing Cost and Quality: Key Considerations for Operations Decision-Making
COOs are often faced with important decisions. One of the main considerations will be balancing cost and quality. Everyone likes to get the best value for their money. As consumers, we balance cost and value in every purchasing decision. But company decisions require...
COO’s on the Move: June 2024
June has been a month of significant movements, with COOs stepping into new roles and driving operational excellence. Let's dive into the 13 COOs that made a move this month. Paycom Names Randy Peck as New COO Paycom Software, a provider of cloud-based human capital...
Embracing Digital Transformation in Operations: From Automation to AI
The transition to digital is no longer optional. Companies that deny the digital revolution will fall behind the competition. They will not thrive in today’s competitive landscape. COOs must take steps to embrace digital transformation in every aspect of their...
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