A. Barry Rand.

• Author: Madden, Jim
• Position: Manage Your Assets - Equitant Inc. - Brief Article

1. Barry Rand

Chairman and Chief Executive Officer Equitant, Inc.

If a company is seeking to increase competitiveness or is on a flat or negative course, it's the building of a new capability to create value, not simply cost-cutting, that offers a far-reaching and sustainable impact. Profit erosion exists where there is a lack of integrated processes from which critical information is not easily accessible or shared across the enterprise and isolated in "islands of information." Fragmentation flourishes, as does the resulting errors and rework that erodes operating margins and customer satisfaction. Extending across organizational boundaries to manage handoffs and identify and attack problems at their source, businesses are transformed into machines that operate at optimum efficiency and do business right the first time! The result ... access to increased working capital, improved operating results, visibility and control and more satisfied customers--and therefore greater competitive advantage and opportunity for...