Balanced Scorecards tell you the knowledge, skills and systems that your employees will need (learning and growth) to innovate and build the right strategic capabilities and efficiencies (internal processes) that deliver specific value to the market (customer) which will eventually lead to higher shareholder value (financial). — Robert Kaplan & David Norton In 1990, Art […]
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Sharpen your Competitive Edge by Eliminating Non-Value-Added Activities in your Organization. Recession or boom, companies need to sharpen their competitive edge by applying Lean Management principles to cost reduction – that is, the elimination of non-value-added activities or waste from the value stream processes. Be Lean In the Lean Management philosophy, all activities in an organization […]
The question I am asked most often by business owners and students is “how can Lean Six Sigma improve business?” My answer is very simple and always the same–find the constraints… find the money. What is keeping product from reaching the customer faster? These are the constraints–find them–remove them–and watch profits soar. It sounds easy, […]
Perfection is not attainable, but if we chase perfection we can catch excellence. – Vince Lombardi In “The Discipline of Market Leaders – Choose your Customers, Narrow your Focus, Dominate your Market,” Michael Treacy and Fred Wiersema describe three distinct value propositions or disciplines an organization can choose to compete in their market or industry–Operational […]
Change is the only constant. – Heraclictus, Greek Philosopher Change is the only constant in the work environment Whether you are shifting office to another location, adopting a new practice or process, implementing an IT system, or re-engineering the business processes for an organization, change happens to everyone all the time. However, many change initiatives have been short-lived as […]
In September 1990, my colleague and I participated in a technical training program for instructors held at the Panasonic Overseas Training Center and the Production Engineering College in Osaka, Japan for a period of two months. Waiting for the Shinkansen bound for Osaka During that time, we were newly hired technical training instructors at the […]
Note from the Editor: This is the second of a series of articles written by Charles Intrieri related to Lean Initiatives. The previous article can be found here and we suggest you read it first, if you haven’t already. You can read his other articles here. * * * * If you recall, from the first article on Lean, the […]
Many companies balk at the idea of implementing ethical supply chain management (SCM), as they only think of increased operating costs. Despite how much executing ethical SCM may affect the bottom line, companies should not immediately reject the idea without doing some research. For example, a recent survey by Software Advice, a supply chain management […]
Note from the Editor: This is the first of a series of articles written by Charles Intrieri related to Lean Initiatives. In the next article, Charles will review Kaizen, Kanban, and Lean Six Sigma, along with the benefits of implementing a Lean culture. You can read his other articles here. * * * * Lean initiatives are thought of as the use […]
More firms are implementing lean inventory management techniques to reduce costs, improve flexibility and have more time to focus on their customers. Lean supply chain and inventory management enable Small Medium Businesses (SMB) to improve efficiency and increase profits. As firms look to reduce waste, increase turns and be more flexible with their inventory, management […]
In order to achieve success with your outsourced manufactured goods, there must be cohesiveness between the manufacturer, Supplier, and the product developer, Customer. This would require a recognized leader with an ability to understand the challenges representing both entities. In an ideal setting, the Project Manager (PM) would have a place at the table with […]
Note from the Editor: This article is an excerpt from the presentation, Introduction To Strategy Development and Strategy Execution, which is available as a complimentary download. This is a 54-slide PowerPoint presentation introducing 12 business frameworks on Strategy Development and Strategy Execution. The full presentation is also available for preview below in this article. For each […]
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