Archive for the ‘Business’


The positive role of Sam Foti in the insurance industry

Sam Foti has contributed significantly for the insurance industry in the United States. He was one of the pioneers of demutualization campaigns of mutual-life insurers. This has now become a standard procedure in the insurance industry. In his role as the President and Chief Operating Officer of The MONY Group Inc.,  Samuel J. Foti has strived hard to make his company profitable.

 

He undertook a number of measures that looked risky at the time but ultimately proved to be financially rewarding. He implemented revenue saving strategies that included a down-sizing of the work force and early retirement plans, among other things. His role in extending the distribution channels of the company and using the Internet as a main tool helped in reducing costs and hiring excellent professionals; other career management tools and best practices were also introduced during his tenure.

 

 Samuel Foti  was instrumental in realigning the company’s business after its acquisition by AXA Financial in 2004. The $60 million deal was finalized after lengthy negotiations and reorganization of the company. He still retains his management positions despite the fact that The MONY Group is now a wholly-owned subsidiary of AXA.

SolidRoute Material Handling System

SolidRoute is the best solution for handling automatic sortation, routing and merge control. This material handling system comes with a order fulfillment solution to provide superior sortation tracking and acknowledgement, plus performance diagnostics and reports.

 

SolidRoute’s inventory software  has a unique interface with configurable parameters and drop down menus that give maximum flexibility in routing and sorting. Its interactive environment provides efficiency in the work flow. Just a simple click of the mouse can change the destination of cartons in the fly. Its user friendly system provides the option of saving the mapped routing and sortation routines so that they can be used at a later date. The sortation logic operating it provides support for all forms of routing and sortation like random, sequential, round robin, first lane, single lane, zone route, wave and consolidation.

 

SolidRoute has been specially designed as a single point of control integrator for weighing and labeling. It proficiently integrates with RF tag readers, in line scales, fixed position scanners and conveyor controls. SolidRoute utilizes the SolidComm data management module with flexibility as a versatile single point interface. So it utilizes it into different applications like WMS, ERP and existing conveyor controls. It’s order fulfillment software  has got invaluable reporting tools that serve as a very useful asset in managing consumables consumption and provides real time views of throughput.  

Three Characteristics of Successful Teams

Teamwork at work is commonly used in organizations, especially private ones. Upper management directs lower level management to build and manage teams in order to increase productivity and maximize resources. Teamwork can result in employees achieving bigger and more complex tasks and goals they could on their own. There are several characteristics a collaborative team needs to have in order to function as a collective unit: 

1.      In every team, the organization’s objectives for the team must be clear to every member. It is also essential for every team member to have a clear understanding of the organization’s greater goals, which their teamwork will contribute to achieving.

2.      All team members must be committed to the team’s objectives. Teamwork and collaboration can’t take place unless everyone on a team is convinced of the value of the team and its goals.

3.      Every team member must understand and follow directions and complete tasks as set forth by the team leader.

A team is only successful when all of its members are working together towards a common goal. Each task that is assigned must be clearly explained, and appropriate and attainable deadlines should be set. This is how team leaders can help ensure their teams are as productive and successful as they possibly can be.