Art Koch’s Profit Chain®
Series Volume 4 | Number 6 | June 2021
Let us begin our discussion with the fact that disasters are not a surprise and, therefore, can be avoided.
As most of you are aware, I live in South Florida, or more specifically, Miami. It’s a beautiful area with sun-soaked beaches and bodies and a plethora of luxurious cars and boats to keep your lottery dreams alive.
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Recent years have thrown up a series of events that have caused inbound supply disruptions for developed economies dependent on international supply chains. Some of these disruptions have been bigger while others have been smaller, some have been regional and others global, but all have had significant impacts around the world.
Read the article and watch the video.
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Art Koch’s Profit Chain® Series
Volume 4 | Number 5 | May 2021
Shortages -we’re living them every day: stock-outs of our favorite food, the new gadget for the home office, or deficiencies that are impacting our manufacturing processes. Even if they are not directly affecting us, we certainly have heard about them on the news. STOCK-OUTS!!
What’s driving these shortages? As a manufacturer, distributor, or retail store, is there anything we can do about it, or are we just powerless to change the status quo?
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Now that I have your attention. Let me tell you, Inventory Is Evil!
Many businesses are addicted to inventory, and it’s become their drug of choice! Rather than solving the root cause of problems, the answer is, “let’s increase safety stocks.” What do you see when walking through the doors of your manufacturing or warehousing? Do you see stacks of addiction?
Inventory is evil for this reason; it hides problems and delays problem resolution, which costs money!
Are you struggling with rallying the organization on world-class inventory performance? If you want to wean your organization from its inventory addiction and learn how the build a sustainable profit center with increased inventory velocity, spend an exciting hour with Art. You will…
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Unlock the Art of Change™ Series – May 2021
Real Change Requires a Significant Emotional Experience. Here are just a few examples: Major workplace injury. Major social media scandal about the business. The customer wins a major contract that disrupts the business.
These and many other events keep organizations playing defense rather than focusing their efforts on playing to WIN.
Read article CLAREMONT, CA— Recent disruptions in supply chain operations have highlighted how important it is for manufacturers to plan ahead to not just manage today’s operations, but to also take advantage of big growth opportunities, according to The Society for the Advancement of Consulting® (SAC). To achieve scalability and profitability, businesses will need to effectively handle cashflow, lead times, and customer demand as well as leveraging well-integrated digital systems, innovating, and understanding customer behavior patterns like never before.
… The one thing the COVID-19 pandemic has ingrained in businesses is that market conditions and change now occur at supersonic speed,” says Art Koch, President of Arthur Koch Management Consulting, LLC, based in Miami, FL. “Now that more regions and countries are starting to exit the COVID-19 pandemic, it’s critical that organizations are responsive enough to seize the opportunities of unpredictable market demand.
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Are you addicted to Inventory? I know what you are thinking; I once was addicted to inventory too…and it nearly cost me a great job!
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Three of the biggest myths of inventory: 1) Inventory is an appreciating asset. 2) Minimal inventory designs deliver poor customer service. 3) Inventory velocity improvements are the responsibility of supply chain management. These and many other myths keep enterprises from achieving world-class inventory performance and hinder their ability for an improved total cost of ownership and customer satisfaction and transforming the supply chain into a highly competitive tool.
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Most of my advisory work involves helping outline, reviewing or critiquing project plans, of one sort or another.
I routinely nudge or push the team to go faster, to be quicker, and to “Fail Fast…Learn Fast…Fix Fast…!
Too often people seek Perfection in what they do, and it is NOT attainable. This pursuit delays fixing critical processes that will increase customer loyalty, corporate culture and profits.
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Blogging The Art of Change™ – March 2021
Wow, March has flown by and once again jam-packed. Still, lots of fun and energizing! My new e-book, Acceleration!, is now out on Amazon, co-authored with the master-mind group for Global Small and Medium Enterprises Advisors. Check out my contribution, The Art of Leadership (Page 59) and Winning At Rejection (Page 63), as well as the wisdom of my colleagues.
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