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Why are some manufacturing businesses a hot mess, while others are a great place to work as you provide exciting value to the market?A business is a living organism, and as such, understanding what makes them healthy and what makes them sick is instrumental to success.Here are seven levers that
Manufacturing has played a major role over time in advancing automation, computerization, digitization, and more. Our industries are amazingly different now than they were 15 years ago, much less 30.In December of 2022 the company OpenAI released an online product called ChatGPT. Unless you’re living under a rock, you’ve at
There are business buzzwords, and then there are important business concepts you cannot afford to ignore. Resilience is one of the latter.Resilience emanates from effective risk management. If you don’t have a viable and ongoing risk management process, start there.In risk management, the first steps are always to identify the
Strategy is one of those important business concepts that many cannot recognize, develop or implement, yet businesses that endure have mastered.“Growth” is not a strategy, nor is “increase profits.” Those are goals or objectives. Strategy describes the boundaries, priorities and activities within which those will be achieved.For example, a growth
The business model in manufacturing and distribution has long been own it, sell it, get paid for it. For most of those companies, it still is.But our world is changing. The concept of ownership has a very different place in our thinking, as does the concept of value. The potential
Are you a pneumatic tube operator?A COO is not a COO is not a COO. While the title Chief Operating Officer should indicate range of responsibilities, it does little to describe them.Same for a Buyer, a Plant Manager, or an New Product Development Manager.These titles have very different meanings in
The Cleveland Clinic is widely recognized as one of the best medical systems in the world. And its delivery of medical services deserves that recognition.But its costs are unnecessarily high, its critical medical resources wasted, and its doctors and patients needlessly irritated by its short-sighted approach to scheduling.Scheduling, an organizational
A number of manufacturers have announced plans to leave China, primarily due to the upheaval in Hong Kong and impacts of the government’s “zero covid” policy.But what’s the destination?If a leader does not completely understand why his operations strategy involves leaving one location for another, how will success be measured?Vietnam,