Page 6 - Strategy Implementation News Today

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

BIS Research Study Highlights Plasma Medicine Market to Grow at a Double-Digit Compound Annual Growth Rate by 2031

BIS Research Study Highlights Plasma Medicine Market to Grow at a Double-Digit Compound Annual Growth Rate by 2031

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

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

Industry 4.0 is all about the wise capture, analytics, and use of data. Typically companies seek to improve the speed and quality of decision-making, often automating the implementation of rules-based decisions, in their IIoT efforts.Digital transformation uses data for those, and even more forward looking scenarios that currently are impossible

Industry 4.0 is the topic of conversation in manufacturing today. But most of us have not yet figured out all we can and should do with Industry 3.0. What’s the difference, and do we need to wait?Simply put, Industry 3.0 refers to automation, and Industry 4.0 refers to data —

An enduring business must offer more than today’s product and serve more than today’s industries. Products come and go, as do industries. Just ask the buggy whip manufacturers. Outside of a few religious sects, the product and the industry are dead.If they had seen themselves as “guidance and speed control”