Winning The Parts Allocation War

May 30, 2021

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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Categories: Art Koch Profit Chain® Tips

Are You Addicted To Inventory? – The Inventory Doctor®

May 25, 2021

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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Categories: The Inventory Doctor®

The Significant Emotional Experience of Change

May 25, 2021

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.

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Categories: Art of Change Series™

Effective Supply Chain Management May be Key to Rapid Growth and Scalability

May 24, 2021

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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Categories: In The News

Inventory Myths – From Unlock the Art of Change™ Series – April 2021

April 22, 2021

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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Categories: Art of Change Series™

To Catch Excellence! Lessons we can learn from the COVID-19 Crisis

April 8, 2021

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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Categories: Art Koch Profit Chain® Tips, Supply Chain Entropy Busters®

Transforming Problem Chains into Profit Chains™

March 31, 2021

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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Categories: Art of Change Series™

Positioning Supply Chains for the Raging 2020s

March 27, 2021

Art Koch’s Profit Chain® Series
Volume 4 | Number 3 | March 2021

Former US President Trump’s administration initiated Operation Warp Speed in March of 2020. The goal was to get multiple COVID-19 vaccines FDA approved within nine months. To put things in perspective, the typical time to bring a vaccine from development, clinical trials, production, and finally to administered doses is ten years! Not only was the goal achieved, but they were also able to ramp up vaccine production to 100 million doses at a rate of one million per day within 30 days of approval.

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Categories: Art Koch Profit Chain® Tips

KPIs

March 17, 2021

Unlock the Art of Change™ Series – March 2021

KPIs need to be helping you manage operations by starting on course. Are you getting:

Better? Worst? Staying the Same?

If your KPIs are not answering these three simple questions, then they are of no use.

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Categories: Art of Change Series™