In the interests of full disclosure, I am an alum of PwC, working in what was then referred to as the business assurance, litigation support and consulting areas. Working in public accounting for nearly 7 years provided me with an invaluable business education and I highly recommend it to accounting students. With that out of the way….
Rework is one of most expensive costs resulting from poor quality. Rework not only means redoing, it includes all of the efforts expended fixing something that was not done right the first time. Sending an email to look for a missing document. Picking up the phone to verify that the number on the form was
Oilfield companies that do not embrace technology to increase efficiency and effectiveness will continue to suffer the effects of the recent pricing environment, even as activity in the field increases. “How can we do more with our current resources?”, is top of mind for oilfield executives and managers. Oil Industry Faces Huge Worker Shortage: By Nick
If I had a dollar for every time I heard a sales professional say “nobody is buying”, let’s face it, I would be writing this blog from an island. The truth is… nobody buys anything unless there is value. Second, nobody buys unless there is a relationship. The reason a sales professional would say nobody
There is a never-ending challenge that exists for many small and midsize oil & gas companies to maintain compliance with increasingly complicated QHS&E reporting requirements that exist today. The need for transparency between field assets and management is imperative as a direct correlation exists there to maintain customers and develop new Tier 2 customers. Real-time
Diversification- it’s more than just an old, old wooden ship. If there’s anything I’ve learned after my 20 years of involvement start-up companies, including my own, it’s diversification. Diversification is one of those business terms that sounds sophisticated when you say it but still sounds like common sense, doesn’t it? Problem is, common sense isn’t
As we approach 2016, it is much to my surprise that employee time tracking on remote assets, vessels and locations is a costly burden to many companies. In the past month, at least a dozen firms have expressed the challenges they consistently face with payroll roll inconsistencies. Management is alerted when there is an underpayment
One of the hottest areas of business technology continues to be business intelligence. Business intelligence is the use of data collected from business processes that support a broad range of operational and strategic business decisions. Standard operating decisions may include product positioning or pricing, while strategic business decisions include priorities, goals and direction. Most companies