Lessons Learned from Failure
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?
Bedrock Topic: Inventory Accuracy
Inventory accuracy is often overlooked, but it is vital to to bottom line business results.
Improving Operational Efficiency
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.
The Resurgence of Manufacturing – it’s up to you!
Resurgence of manufacturing is occurring if we choose to take hold of it!
Is Outsourcing Dead?
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.
Operations Strategy
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.
Got Cash?
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.
Defining the Entrepreneurial Spirit
Achieve an entrepreneurial spirit or be left to slowly wither away in today’s new normal business environment.
Innovation Tips
As innovation is key to succeeding in the “new normal”, I thought a few tips might prove helpful: Create a culture of innovation – it’s not enough to encourage innovation in R&D. Those companies who create a culture of innovation will be those who succeed. Start with the customer [...]