In my experience in working with clients across multiple industries, geographies and sizes, I have no doubt that effective inventory management is far from a no-brainer, yet implementing a few secrets to success can yield dramatic bottom line results.
Why do failures generate so much interest? Perhaps as students, we had it pounded into our heads that mistakes are bad - avoid failure at all costs. What can we learn from failure? First, failure isn't fatal - not only is failure not fatal but it also is critical [...]
Inventory accuracy is often overlooked, but it is vital to to bottom line business results. Although a bedrock topic, inventory accuracy is often overlooked in operations strategy discussions as it becomes an assumption or something that just should occur. However, I am constantly reminded of its vital importance and [...]
As I continually find, fundamentals are often overlooked yet critical to success; thus, it seems this is a great topic to take a look at.... What matters in your operation? - Forget about Lean, Six Sigma, TQM and the rest for now. In my experience, it is a distraction [...]
Resurgence of manufacturing is occurring if we choose to take hold of it! As I recently attended the Manufacturing Summit in the Inland Empire and have been preparing for my Association of Operations Management Inland Empire Chapter's 2nd Annual Executive Panel & Networking Symposium entitled "The Resurgence of Manufacturing [...]
As the cost advantages for outsourcing dry up more companies are bringing manufacturing back to North America. Re-shoring may increasingly be your best bet for improving customer service levels without going broke. GE has started to rev up Appliance Park again - and is starting to bring manufacturing back [...]
I’ve been thinking a lot about this subject recently as I realized that the 80/20 of what I do for clients can fit into this category. Also, as my consulting strategy/ accountability partner says, it is an interesting paradox of strategy and execution which sums up what is essential [...]
You wouldn’t think so from the way companies are hoarding cash; however, in general, they have a stockpile of cash and remain leery to spend it. Last year, there was a 2% decrease in days working capital (DWC), according to CFO Magazine.
As originally published in Inside Supply Management August 2011 Achieve an entrepreneurial spirit or be left to slowly wither away in today’s new normal business environment. With the retiring of the baby boomers, high commodity prices and nagging unemployment, the new normal is characterized by weak sales growth (at [...]
