Not only do I continue to see more evidence of the "new normal" business environment discussed in last month's issue but, in my discussions with clients and service providers, it's apparent that embracing and understanding how to thrive in the new normal is critical to success. As a reminder, [...]
Understanding the "new normal" can be quite valuable, as it doesn't have to be bleak and depressing.
The recession continues to seemingly worsen by the day. Businesses are cutting back. Employees are fearful. Foreclosures are rising. And the cycle continues. So, what is a manager or business to do to break this cycle?
We are in an era of volatility. Who ever thought we'd get used to commonplace bank failures? How about the Dow rising or falling by hundreds of points in a day? Oil gushing into the Gulf? Toyota quality issues? Never! Get used to erratic change as it is the "new normal".
Reduce freight costs with strategies like partnerships, shipment pooling, and using alternative transportation modes
Businesses should always look for ways to increase cash flow.
I've seen many examples of companies and executives insisting on "negotiating" for a reduction in costs at the expense of all else.
Once the people elements are in place, processes compliment them. Implementing processes boils down to planning, executing, auditing and standardizing. Again, the key to success ties back to people.
With all the competing demands within a supply chain organization, a $1 Million Dollar Planner is the person that can see the bigger picture and communicate just how the company’s objectives can be achieved.
Would you be surprised to learn that with ALL three of my examples, there were naysayers who thought there was something wrong with the resource?
