aplacecalledprovidence.com

November 24, 2009

A pioneer of ‘demutualization’: Sam Foti

Filed under: Business — @ 9:28 pm

The mutual fund industry has been limited in the last few decades due to the inherent structure of mutual insurance companies. These are mostly privately held, and hence exclude interest of more generic investors and the stock markets of the world.

Not surprisingly (given Sam Foti‘s track record of innovation and outside the box business solutions), a ‘demutualization’ effort was launched, pioneered by none other than Samuel J. Foti at The MONY Group Inc.

This process allowed privately-held mutual life insurance firms to become publicly-owned companies, increasing their funding base, and making the sector automatically larger. A chain reaction was initiated after  Samuel Foti  reengineered The MONY Group’s financial structure. Other mutual fund insurance companies in the sectors then followed suit. This changed the whole shape of the group insurance sector.

Apart from such financial restructuring, Foti has expertise primarily in Operations. However, his depth of experience also makes him an expert on sales and marketing strategies. He has also conducted many cost-cutting initiatives at The MONY Group and hence is also an experienced resource for the Group in these areas. He also has expertise in fine tuning and advancing product lines, which he has also done for The MONY Group.

 

 

 

September 18, 2009

SolidPick Fulfillment and Picking Software

Filed under: Business — @ 7:57 am

This order fulfillment software is an operator prompted split case order picking software. This unique software is used to streamline the pick modules. It also has a CASI 1100 Pick Monitor which is used to pick automated feedback, thus this saves time and labor and automates the item selection process. One may also use its optional Pick to Light or voice pick interface. This inventory software can interface multi picking technologies like pick to light, pick to monitor, voice picking and others.  

 

This unique software comes with many applications that include picking using RF scanners, voice terminals, pick to light modules, belt applications and many more. It has a split case picking, batch picking, pick to cart and paperless order picking material handling system. This easy to use software has a pick & pass (Zone Routing) system and of course an order fulfillment application. Thus it’s a complete order fulfillment software package.

 

All the data can be exported to be used in other applications like Excel, Access or other report generators like Crystal. By using the reports and statistics included, the SolidPick provides real time statistics on picker efficiency and error rate. WAN web reporting tools can be added to it too. This can be done by using SolidWeb Reports.

March 16, 2009

Teamwork Communication Facilitates Team Success

Filed under: Business — @ 4:44 am

Teamwork makes it possible for organizations to achieve their goals efficiently. A team enables more than two individual employees to work together to achieve an assigned goal designated by the organization. In order for teams to succeed, members have to be able to communicate effectively with one another.

 

Teamwork communication is the means by which things are accomplished within a team. If team members aren’t effectively sharing information about their work, they cannot be sure they are working effectively towards their goal. Without good communication, problems cannot be identified or resolved. Decisions cannot be made without effective communication, either.

 

Since practically every aspect of team collaboration depends on good communication, it’s in every organization’s best interest to train their employees in team communication. Not everyone possesses good communication skills. A teamwork seminar can help put everyone on the same page regarding communication skills and strategies.

 

Team communication skills continue to develop with ongoing training and experience. This is why many organizations hold teamwork seminars every quarter, or bi-annually. One seminar is great for teaching basic information, but ongoing training allows team members to develop new skills and become even more effective and productive team workers.

 

Powered by WordPress