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Supply Chain

Tips to increasing sales revenues

Clearly, one of the keys to thriving in the current recession is to be ahead of the competition in terms of sales: Remember value - don't focus solely on price. Focus on value, defined in terms of value perceived by your customer. Differentiate yourself with customer service - providing [...]

2020-10-07T23:51:35+00:00April 25, 2013|Categories: Manufacturing, Supply Chain|

Tips to Reduce Operational Costs

In today's economy, there is no doubt a large focus on reducing operational costs (whether they are the traditional operational costs of a business or the day-to-day personal operational costs). Reducing operational costs reduces your breakeven point - definitely a key to success in today's economy: Reduce waste - [...]

2020-10-07T23:51:35+00:00April 25, 2013|Categories: Manufacturing, Supply Chain|

Defining and Controlling Costs

Navigating growth gets tricky if you lose perspective on spending. Keep costs under control by identifying the spot where people, process and technology work best.Understanding and controlling costs has always been a critical success factor for the majority of businesses; however, during times of economic turmoil, it elevates to [...]

Innovate or Die

In today's economic environment, slow and steady progress, a continuous improvement philosophy and a low-cost producer, commodity focus will likely result in death. Why? Because it takes more than "good" to stand out in the crowd and deliver consistent and growing profitability; it takes radical change and innovation. In [...]

2020-10-07T23:51:35+00:00April 25, 2013|Categories: Manufacturing, Strategy, Supply Chain|

Keys to Plant Management Success

To succeed in today's environment, it is no longer desirable to have a world class operation focused on providing a value add while maximizing resources; it is a requirement. Today's global business climate is becoming more competitive. It is tough to stand out in the crowd, and it is [...]

2020-10-07T23:51:35+00:00April 25, 2013|Categories: Manufacturing, Supply Chain|

Leverage the Transferability of Best Practices

It has recently occurred to me that businesses are missing a huge opportunity to leverage the transferability of best practices. Although as a business consultant, leveraging best practices has been an "assumed" part of the value I provide clients, even I missed the boat and forgot to leverage this [...]

2020-10-07T23:51:35+00:00April 25, 2013|Categories: Manufacturing, Supply Chain|

Why Start with Inventory Accuracy?

As companies set priorities for 2010 or next year's budget, it is important to understand where to start. So, why should inventory accuracy be a top priority? It's required from an accounting standpoint. Typically speaking, inventory can be a substantial number on your financial statements. What could be more [...]

2020-10-07T23:51:36+00:00April 25, 2013|Categories: Manufacturing, Supply Chain|
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