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Can You Fit 10 Hours into 8? Eight Time Management Tips

July 25th, 2017

In today’s Amazon-impacted world, it feels like we want everything yesterday. We are in a perpetual time-crunch due to work and life pressures and time management is paramount. In that light, none of the executives we work with have enough time to complete his or her priority list in a single day. Thus, the question is: How do we fit 10 hours into 8?

Time-management, organization, prioritization, motivation, productivity

Here are some time management questions to ponder when trying to fit more work into less time, but achieve the same or better quality:

1. Why are you doing your current task? Is it because you always have done it or does it accomplish something valuable?

2. Do you have a long to-do list? If so, which tasks do you cross off first – the easy ones, the ones you enjoy doing or the high priority items? Why?

3. How much time are well-meaning people who are not priorities absorbing from your day? Why are you allowing this to occur?

4. Would your boss concur with your priorities? Do you even know? If not, are you willing to have that discussion?

5. Does your team understand the priorities? Do you ask for help from your team? Do you make it interesting for them?

6. How many of your priorities relate to your top performers?

7. How many of your priorities relate to customers?

8. Have you thought about what to stop doing?

Creating Efficiencies

In conclusion, identifying and creating efficiencies is a large part of what I do. It helps with everything from supply chain management, to ERP, to process development, to grocery shopping. Answer these eight questions for yourself and see if it becomes easier to fit 10 hours into 8.

 

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The Impact of Supply Chain Strategy

July 22nd, 2017
Collaborate on supply chain strategy

Stay on top of your supply chain strategy.

Can supply chain strategy have a profound impact on your bottom line? Without a doubt!

Recently, we worked with a client that wanted to review their operations strategy and look for ways to optimize and improve. To begin, we evaluated many business options including, but not limited to:

 

 

  1. Do nothing (stay in the same locations).
  2. Transfer distribution operations closer to the port.
  3. Move to a different location in the Inland Empire.
  4. Relocate to Nevada.
  5. Evaluate 3PL options.
  6. Expand and automate the current facility.

In this client’s case, the customer, cost and cash flow impacts of making these changes is significant. Therefore, it’s important to review many potential outcomes thoroughly.

The bottom line

It is smart to refresh your supply chain strategy every few years (depending on the level of change within your company and externally) to ensure it is best fit for delivering optimal results. In conclusion, experience shows that was “killer” one year could leave you in a weak competitive position the next.

Are you staying on top of your supply chain and it’s related impacts? I’d love to hear about your top strategies in the comments!

 

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Lisa Anderson Releases Innovation Book on iTunes

July 21st, 2017

Lisa Anderson's book now on iTunesLisa Anderson MBA, CSCP, CLTD, known as the Manufacturing Business Transformer(SM) and president of LMA Consulting Group, released her book, I’ve Been Thinking…Turning Everyday Interactions Into Profitable Opportunities, as a roadmap for businesses, manufacturers and distributors to infuse innovation into their daily work practices originally on Amazon in paperback and Kindle, and it is now available on iTunes. Anderson relies on her global consulting practice where she draws on her experience and observations to share with readers practical and action-inducing ideas to help business make the leap ahead of their competition. The book is packed with over 100 of Anderson’s insights and strategies on how to create bold customer promises and profits by transforming business performance while keeping an eye on the global perspective and seeing what others cannot in order to create dramatic customer experiences and profitable opportunities.

Anderson has been publishing a weekly newsletter by the same name, I’ve Been Thinking, since 2014, which her clients find to be an invaluable resource. Wallace P. Brithinee, Ph.D. and President of Brithinee Electric states “I like Lisa’s column, ‘I’ve Been Thinking’, because it delivers the right mix of suggestions, prodding, and human interest that I find useful.”

The author says that writing her newsletter has expanded her thinking dramatically, “Now, there are a seemingly endless supply of everyday interactions that can be turned into profitable opportunities.” Anderson further states that she now sees everyday occurrences in an entirely new light – there is always some sort of idea or lesson to glean from the most mundane of topics and in the end it is about rethinking the everyday and engaging transformation.

“Lisa Anderson not only engages us, she enables us to engage others. She’s given herself the ultimate gift: the time to think unmolested and undisturbed, emptying her mind of the daily grind and allowing herself to travel outside of the box, to destinations of creativity, insight, and perspective. To stand on great walls,” states Alan Weiss, PhD is the author of Million Dollar Consulting.

I’ve Been Thinking is available as a paperback on Amazon, as an eBook on Kindle and iTunes. To subscribe to Lisa Anderson’s newsletter, click here or copy and paste this link into your browser https://www.lma-consultinggroup.com/ibt-index/



The Internet of Things is Trending in Supply Chain

July 21st, 2017

Internet of Things (IoT) is trending in supply chain circles. A buzz has started. According to a recent article on Kinaxis, IoT has nearly taken hold of every aspect of our lives. Can you believe there will be over 6 billion connected devices by next year? And that number is projected to increase to 20 billion by 2020. Watch out! A key question is whether we are ready for the stream of data coming from these devices and how we’ll handle it (and leverage it) in supply chain planning processes. For example, just think of the power of a simple Amazon dash button. It is mind boggling to consider the impact of the amount of data, what the data will be able to do and the risks inherent with this data.

Internet of Things (IoT) is trending in supply chain

What Should We Consider and/or What Impacts Could Arise?

The internet of things is bound to have a dramatic impact on every business. The possibilities are endless… Smart appliances will change the way we shop, handle typical repairs and much more. Smart cars are already starting to transform our lives. Even my mom said tonight that she sees value in an alarm system that would lock the door from afar. There are almost limitless possibilities.

All of these collect data. Imagine how this data could transform your supply chain planning process! If you know real-time what is most popular and what is needed, could you be more responsive to your customers? Better yet, could you be in front of your customers with value-added suggestions? What could that mean for your customer experiences and revenue growth? The bottom line is that this topic is definitely one to add to your strategic discussions, whether to figure out how to incorporate IoT with your products or how to proactively respond to what will be coming down the pike in the future.



Technology – Should We Take It or Leave It?

July 18th, 2017
business intelligence

Technology is a hot topic. It seems we can’t stop talking about Artificial Intelligence (AI), 3D printers, and Autonomous Vehicles. But many technologies can be fads. Pay attention to what value can be gained before buying in.

Technology is a hot topic. Artificial intelligence. Autonomous vehicles. 3D printers and additive manufacturing. Business intelligence. We can’t stop talking about it. Many times, these topics are somewhat like fads. Even though there are benefits, we can get carried away and not even pay attention to whether we are gaining value.

Thus, we should take a step back and ask a few questions:

1. Do we need the technology or is it just cool?

2. What value does it provide? Does it yield a return on investment? What is that return on investment?

3. What is most valued by our customers? Time? Price? Features? Services? Which best aligns with their needs?

4. Is the technology supporting the business goals or the other way around? Which is your lead for your conversations?

5. Are you caught up in bells and whistles or focused on value?

6. Are you leading with tech or with the customer experience?

7. What do your customers expect? Can you leverage automation for a win-win?

 

Did you like this article? Continue reading on how to become a Systems Pragmatist:

Technologies Transforming Supply Chains

What’s Important in Technology