With a college football bowl season almost completed and NFL playoffs ready to start. It’s a good time to highlight some importance Leadership observations.
Leadership Is A Contact Sport!
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This is the classic image of a boat representing inventory. The higher the water level, more inventory. The rocks represent problems within the business. As you lower the water level/inventory the problems are exposed.
Remember, Inventory Is Evil!™ – Because it delays and hides problem resolution.
Read articleHow much data do you use to analyze demand when quoting service parts?
If you’re not using at least three years of demand to quote service parts your leaving money on the table.
How are you consolidating the spend? Are you working the rationalize your supply base? Once again, you are likely leaving money on the table. Within in the service parts sector, do your partnership suppliers a favor, consolidate the spend, this will increase their long-term volume and improve total cost of ownership.
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A quick way of adding Entropy into your organization is via purchasing.
If you’re always buying from the lowest price vendor, you’re running a purchasing department.
If you’re working to understand the TOTAL cost of ownership and rewarding suppliers that support; excellent customer service, flexibility delivery, outstanding quality and jointly deliver ongoing cost reductions, you have a world class procurement function that builds supplier partnerships.
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Are you benchmarking?
Why not a little friendly benchmarking among peers?
I’ve personally used this process to keep the competitive fire between myself and a few peers.
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We’ve all been there. The dreaded mandatory problem solving session.
The facilitator say’s we going to solve XYZ opportunity. There is a “brainstorming” mind dump of the issues, an excel file with filters and pivots, and to cap the meeting off, someone has a data visualization software they are eager to use. And before you know it you’re trying to Boil the Ocean or Solve World Hunger. Everyone forgets why we’re there in the first place…
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During a thought leadership meeting I was asked what can small and medium sized companies do to improve their Supply Chain Management.
- Increase Professionalism
- Have meaningful Key Performance Indices – KPI’s
- Improve Inventory Velocity
Just completed an excellent two day session for Core User training of team members at Optimas Solutions. We not only were able to train the core team, we also validated our design with significant data for ToolsGroup SO99+ Inventory Optimization and Replenishment Planning modules. Step functional forward for all stake holders.
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Currently I’m working with a client to implement the Demand Planning, Inventory Optimization and Replenishment Planning solution, SO99+ from ToolsGroup.
After several months of hard work by the core team we successfully completed a significant milestone; Conference Room Pilot-CRP. I could not be prouder of a group of people
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Nothing wrong with a Ludicrous idea, we all have them, it’s part of brainstorming. Spending time and money on them is simply Scandalous!!
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