Most of us are so busy on a daily basis we don't have time to think about our business models. It is the rare client that questions their business model let alone continually modifies it for success. Do you question your business model on a yearly basis?
As we head into a New Year, it makes sense to take stock and think about your supply chain shortlist. To get you started, we've developed a list of questions to ponder: Do you consider your supply chain from the holistic point-of-view? From cradle to grave or product inception [...]
My colleague and I led a Kaizen workshop on metrics last week with a process manufacturing client. It is always interesting to brainstorm which metrics are the most relevant in tracking a company's success. They are NOT always the same.
There has certainly been a lot of conversation about the potential tax law changes! Michael Kouyoumdjian, managing shareholder of RP&B CPAs did a great job of going through the potential changes and impacts in a discussion with trusted advisers to manufacturers and distributors.
Growth is a hot topic. Regardless of your industry, if your company isn't growing, it is dying.
A McKinsey Report predicts a 20% growth in manufacturing GDP by 2025.
It might just pay to remember that your relationship network is one of your most valuable assets. Can you find ways to collaborate for win-win success?
In my ProVisors ODAM (Ontario-hosted Distributors and Manufacturers group – don’t you love the play on words?) meeting this month, we discussed business best practices we’ve seen with our manufacturing and distribution clients.
Where are you sourcing from currently? Don't just jump on the new bandwagon of reshoring but you should give your total cost of ownership a second look as well as dig into your customers' expectations and sourcing impacts.
What might seem impossible to us might not be! Do you tend to write off ideas before considering their full value? Perhaps we should take a page from Wisconsin's playbook and look at the big picture, think long-term and mix it up a bit.
