More sales don’t always translate to more profit for the company.One sure shot way of ensuring a healthy jump in profitability is by ensuring right inventory management practise. Knowing what’s in your inventory and how to control it is good Read more…
There are four basic types of supply chain drivers: constraints, variability, velocity, and life cycle. The best teams design their supply chains based on these factors. There are five basic types of constraints: material, manufacturing, transportation, financially imposed, or regulatory Read more…
4 deep seated obstacles to change 1. ๐๐ฎ๐ถ๐น๐ถ๐ป๐ด ๐๐ผ ๐ฆ๐ฒ๐ ๐ฃ๐ฟ๐ผ๐ฝ๐ฒ๐ฟ ๐๐ ๐ฝ๐ฒ๐ฐ๐๐ฎ๐๐ถ๐ผ๐ป๐Managers may worry that if they set specific targets, their people canโt achieve, they too will look like failures. 2. ๐๐ฑ๐๐ฎ๐ฌ๐ข๐ง๐ ๐๐ฎ๐๐จ๐ซ๐๐ข๐ง๐๐ญ๐๐ฌ ๐๐ซ๐จ๐ฆ ๐ญ๐ก๐ ๐๐ฎ๐ซ๐ฌ๐ฎ๐ข๐ญ ๐จ๐ ๐๐ฏ๐๐ซ๐๐ฅ๐ฅ ๐๐จ๐๐ฅ๐ฌHaving to play nursemaid Read more…
Many managers are reluctant to make valid demands from their team members. To avoid having to impose new requirements on subordinates, a manager may decide to take on the job himself. He reassures himself that his people are already overloaded Read more…
Companies aiming for change concentrate on “task alignment” – reorganizing employee roles, responsibilities, and relationships to solve specific business problems. Task alignment is easiest in small units – a plant, department, or business unit- where goals and tasks are clearly Read more…
Companies are not aligned on the strategy cross-functionally. It is impossible to drive great tactical outcomes if you are unclear on the goal. If the goal is to meet the budget objectives, the organization will never maximize the opportunity within the Read more…
Conventional wisdom leads many managers to focus primarily on operating their business as efficiently as possible. They believe they can be most successful if they strive for high product volume, top product standardisation and a continuous process. However, turbulent and Read more…
It is popular these days to talk about assurance of supply. More often than not, manufacturers rely on components and services from all around the world for the continuing smooth supply of their products and services. A companyโs reputation hangs Read more…
In Ironman Triathlon there are 3 events – Swimming, Cycling and Running. Total performance judged the winner, not by a single score in a single event. Because the athlete must do well in all events, he has little opportunity to Read more…
Companies divide themselves in smaller teams and have individual goal(s) for each team.ย For instance:– We measure Sales team on Value/Volume sold.ย – Marketing team on Brand perception.– Finance team on budgets and alignment.ย – Manufacturing team on Asset utilisation– Sourcing team on Read more…
