Tag Archive: commitment

Trump Signs Order Prioritizing AI Research

March 18th, 2019

According to the White House, President Trump signed an executive order directing the U.S. Government to prioritize artificial intelligence in its research and development spending. The focus is on ensuring that AI develops in sync with U.S. values and that training for the future workforce is prioritized. This is a culmination of meetings with Google, IBM and Microsoft and reflects the  commitment to focus on leading edge technologies. From an industry point-of-view, this focus is applauded.

The talk is that AI will transform entire industries. There is no doubt that without a focus on advanced technologies and the associated training and workforce efforts, you will be left in the dust, similar to looking for a payphone along the side of the road. Whether in a meeting with CEOs or the consortium for supply chain and advanced manufacturing excellence or at a client focused on increasing demand, AI is a part of the discussion.

I just so happen to be attending a Microsoft Dynamics Day to stay up-to-speed on the latest technologies.  AI has already arisen as a key topic and focus area. Microsoft is building AI into their tools. Here is a press release explaining AI in the recent release of the software. Of course, Microsoft is just an example as every leading edge technology player has at least some level of focus on AI.

What Should We Consider and/or What Impacts Could Arise?
There is no doubt about it. AI will impact every industry in some way, whether directly, through suppliers or customers or in terms of service and cost expectations. I never recommend jumping on a bandwagon blindly. After all, how many companies outsourced when it was “the craze” and now regret that decision because it didn’t make sense when looking at the full picture? Plenty! On the other hand, you must be informed and consider the options and implications for your business.

There are many opportunities to learn about AI and its potential impacts so that you can integrate in your strategy. For example, our APICS Inland Empire chapter‘s upcoming Executive Panel and Networking Symposium will be on the topic, “Manufacturing & Supply Chain Talent Transformation: People or Robots?“. Join us for this education and networking opportunity. However, this is just one option. Ask your CEO group. I see this as a valuable benefit from collaborating with peers! Contact me if you’d like a referral. Attend a trade or industry conference. Read industry magazines and the Wall Street Journal. Pay attention to the news related to your industry, your suppliers, your transportation partners and your customers. Talk with an expert and/or ask your expert to assess your situation and provide recommendations.

In our view, keeping key technologies such as AI top of mind is part of creating a resilient supply chain. Without a doubt, those with a resilient supply chain are far more likely to succeed in these changing times. To learn more about how to create a resilient supply chain to navigate disruption and achieve peak performance, check out our new series or contact us for customized expertise.

 

 

 



Let’s Spur Innovation

September 24th, 2018

Last month, I led a manufacturing roundtable on the topic of innovation.  Undoubtedly, if we want to be successful over the long-term, we must innovate. Problem solving only gets us back to our standard level of performance.  Although necessary, it will not be enough!  Instead, to exceed our customers’ expectations while enabling profitable growth in today’s Amazonian marketplace, innovation is a requirement.

Innovation is raising the bar to an entirely new level of performance.  It doesn’t require you to develop the next iPhone or 3M’s famous sticky pad.  In fact, the best innovators might not even think they are creative.  The great news is that everyone can innovate.  It doesn’t have to require significant investments.   What it does require is a culture that enables innovation.

An Innovation Culture
Here are a few “musts” when creating an innovation culture:

  1. Engage your people -You aren’t going to be successful innovating in isolation – at least not for long!  Involve your employees – view each employee as a valuable asset.  You never know what ideas can be unleashed if you have a culture of innovation that values each employee’s input and ideas.  Start here. Until your people are engaged, there is no point in going further.  How long do you think you’ll have happy, innovative customers with unhappy, not engaged employees?  NOT long.
  1. Engage your customers – One of our clients is creating an innovative culture.  They recently purchased a clay manufacturing company and are working to raise the bar.  The owners and executives value the input of their people and extend that to their trusted advisors, customers and suppliers.  I happened to be in Hawaii last month and my best friend wanted to see a pottery shop of an artist she really liked.  So I went along for the ride. When we arrived, I brought up my client because I thought the owner know of them. They were so excited.  They said they were a customer for life of Laguna Clay  (my customer) because they provided exceptional service.  They proceeded to provide input, ideas and much more. I took pictures and texted them back to my client. My client had engaged their customer in the innovative process.

 

 

 

 

 

 

  1. Provide opportunities– Next, provide opportunities for innovation.  Do you provide a “safe zone” for your employees, partners and others to collaborate and innovate?  Most importantly, you’ll have to set aside time for them to focus on this priority.  Beyond time, provide your vision and get the process started by spurring idea generation and give them a few guidelines.
  1. Stick by your commitment –  Innovation will create failures which is why guidelines are helpful so the failures can be isolated within a reasonable tolerance.  There is something wrong if failures don’t occur. Thus, be prepared for them and celebrate the progress. Don’t be disappointed, or worse, beat up your people. That will mark the end of their innovation.

Creating an innovation culture is “the” key to innovation. Start there. End there.  We’ll talk through more of the details in the middle in future editions (or feel free to contact us to help you accelerate progress); however, this is the 80/20 of success.  It’s well worth raising the bar of performance.