Page 8 - Operations Strategy News Today

Why are our supply chains in such a mess? While Covid made it much worse, it merely reflected the weakness in how most companies view their supply chains.There are two primary causes of our current woes, and Covid is not one of them.The first is that leadership failed to comprehend

Department of Management Studies (DMS) at IIT Delhi has recorded 100% Placement for its MBA 2021-23 batch with 18% hike in average salary which has gone up at Rs.25.82 lakhs

“Round up the usual suspects” — a line from Casablanca — unfortunately describes the hiring strategy of many manufacturers. Don’t be one of them!If you’re looking for the same people you’ve always hired, and through the same sources you’ve always used, why on earth would you expect better results?How many

Practice makes perfect. We all know that to be largely true, so let’s use that axiom to prepare our businesses for change.Your organization likely assigns people to departments based on their incoming skill sets, and then to specific roles. Most rarely stray from that initial assignment. The average employee can

In last week’s podcast I suggested any effort to reduce lead time start with the obvious (not to all, sadly). Define it. And I encourage you to define it from the viewpoint of your customer.Then measure it. Then break it down into component steps and look at elapsed time for

Manufacturing and Supply Chain Expert Lisa Anderson, MBA, CSCP, CLTD, President of LMA Consulting Group Inc., sees the effects and consequences of supply chain disruption every day. Despite a slight rebound from the supply chain chaos during the pandemic, world events will continue to threaten the supply chain—the answer: using

Leadtime is either a competitive advantage, or a competitive disadvantage to your manufacturing business. Most of you want to improve it, i.e., reduce it. That will also reduce your cost structure.So how do you start?First, you must have a clear definition of leadtime. It means different things to different people.

Think about bowling. The American kind. Where we, hopefully, roll the ball down the lane to knock over a set of 10 pins.As children, the bowling alley manager would kindly place bumpers in the alleys on each side of the lane to keep our balls from all falling in there

/PRNewswire/ -- Bloom Credit (www.bloomcredit.io), an API platform company that simplifies the way businesses integrate with the credit bureaus, today...

It’s easy to become enamored with a product concept. The concept of the possible is exciting. But if you want to make a difference, or profitably provide your product to the world, a strategy must come first.What problem does it address? What potential does it create? Who cares, and how