Aviation being an asset intensive industry, depreciation of assets becomes an arduous task for the finance department in an organization. Organizations look for more appropriate methods other than Straight Line or Diminishing Balance to depreciate assets like Rotables which can regain life after overhaul.
Finance and hence, Payroll software must understand the time value of money. Payroll software is not an investor but it does handle the payroll dollars, a sum that can be 60% or more of all factor costs in a business. Given the international nature of business, it must understand time zones, local legislation, currencies and industry - business norms to even make a basic entry. We can all agree that this is a tall demand. No guises here, the entry barriers are fairly steep.
Most often best-in-class EAM/CMMS systems fail to make the crucial connect with real time assets condition and operations, focusing instead on conventional measures like number of outstanding Work Orders, task completion against standards and norms or MRO inventory costs. The need to improve asset reliability and boost asset uptime and availability are of utmost importance. The future is for Internet of Things (IoT) data driven organization. The ultimate goal of an Asset Reliability Program is...
Most software do not share your mindset. They make you walk through puddles even during sunny days. A good reporting or interactive experience is predicated on the surface of a keen understanding of engagement. This is not just a subjective word; it has a measure too and is called ‘attention span’.
HR managers can arm themselves with the information they need on their workforce, if they were to maintain talent pools systematically. Though there are varying definitions of what a talent pool is, it is undeniably an objective source of information on the workforce’s capabilities and even capacities. While skills and tags are capabilities, headcounts in a pool, work experience speak etc. talk of capacities.