- Artificial Intelligence – it certainly has the power to transform entire industries. If that alone doesn’t prompt you to pay attention, it seems like the attractiveness of predictable demand just might. There are vast implications for the supply chain. Our 2020 predictions document will discuss this further.
- Internet of Things – we have embraced the internet of things in our personal lives with step counters, Apple watches, self-adjusting cars, and more. There is definitely ample opportunity in manufacturing and supply chain as well. Think of tracking shipments with GPS, monitoring storage conditions of products to name a few.
- Blockchain – although all reports are that there is a long way to go and it will require a collaborative effort, the big firms are dumping money into blockchain, it came up in our 2020 predictions and seems to be hailed as transformative. Thus stay alert!
- Additive Manufacturing – Who cares about all these sourcing decisions with lengthy lead times (causing cash flow delays), risks of IP and trade secret theft, and hidden costs and burdens related to a BUNCH of factors out of our control if we can produce customized product on demand next to our customers?
- Physical Internet – As a part of my role with the consortium for advanced manufacturing and logistics success as a part of IEGO, I am reminded of the importance of the physical internet. GA Tech’s research is quite intriguing. It combines many of the concepts into a way to share infrastructure such as freight and warehouses.
Category: Trending Topics
As you know from our recent newsletter, we are providing several resources for businesses and individuals to help navigate this coronavirus pandemic AND prepare for when business ramps back up. Manufacturing and supply chain professionals have a particularly challenging job as we navigate how to meet customer needs, keep the business running during these volatile times (or moving forward in whatever way possible) and prepare for the future.
Because we wanted to provide strategies, ideas and tips for how to navigate through this period successfully, we have sponsored the Association for Supply Chain Management (APICS) Inland Empire Chapter‘s “Navigating Through Volatility” webinar series. The APICS Inland Empire Chapter has been working hard behind the scenes to bring together resources that can further support your efforts in a webinar series designed to bring practical perspective, guidance and information on a range of topics to manufacturing and supply chain leaders.
Upcoming Webinars include:
For more information about our upcoming webinars, visit the APICS Inland Empire website.
We will be adding webinars as we confirm speakers. If you are interested in a topic that you do not see, please let us know so that we can reach into our networks to find an expert in that area. You can register for the webinars using the registration links above or with the links included on our website.
At LMA Consulting Group and APICS Inland Empire Chapter, we are here to provide practical value and resources to our clients and members. We hope you find this webinar series of value during these unprecedented times and wish that you and your families are safe and healthy.
The skills gap has been a hot topic for many years. Our original research shows a 87% gap. For example, any time Kash Gokli, Engineering Clinic Director at Harvey Mudd and I gather CEOs to talk about timely topics in executive roundtables, no matter the topic of the evening, the lack of talent (or the ‘right’ talent in the ‘right’ place at the ‘right’ time) arises. As technology comes on to the scene in a BIG way, there is even more conversation, confusion and interest in how to successfully navigate the skills gap.
According to research, automation and robotics have the potential to take over countless jobs. This can be seen as mass destruction of high paying blue collar jobs or it can be seen as a significant opportunity to scale up rapidly to meet rising customer expectations and providing new skills to the workforce. As business owners and executives, we view having the ‘right’ technology at the ‘right’ place at the ‘right’ time as a win-win-win. Better customer experiences. Better for the bottom line. Better for our employees as they learn new skills. The trick is navigating this skills gap successfully.
We are also starting to see more and more baby boomers start to retire or think about retiring. The unfortunate thing for our clients is that their knowledge base cannot be replaced with one person, maybe not even two sometimes. That certainly throws a wrench into the plans! Have you started to unearth what knowledge is in your employees’ minds that you take for granted? Innovative companies are pairing up experience with young, fresh ideas. There can be much to gain if managed well.
Please help us understand what is most relevant in today’s business environment. We will share the results for you first, and we appreciate your support. Take our survey here.
- Tie each person’s work to the result (for the company, customer etc.) – Wouldn’t you like to know WHY you are doing something?
- Take each employees’ ideas into consideration – Simply asking can go a long way if you truly care about the answer.
- Don’t treat each employee the same – don’t we each have different goals and interests?
- Are you developing your employees? – a little investment into your employees can go a long way.
- Do you address poor performers? – one of the biggest issues we see if letting poor performers carry on. Everyone knows it and is less motivated. Why not just proactively address? Provide an opportunity and swiftly address if necessary.