Avoiding Disaster

June 30, 2021

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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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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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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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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My Business Got COVID

February 23, 2021

Art Koch’s Profit Chain® Series
Volume 1 | Number 2 | February 2021

I’m not telling you that any of our team members or I got COVID. My argument here is that the business got COVID.

More and more, I’m discussing the current situation with my client’s leadership and witnessing the long-term effects of having their team members working remotely.

Before the pandemic, businesses were functioning relatively well. They had daily visual management meetings where opportunities received rapid responses from highly engaged associates, and issues could be swiftly escalated when necessary.

During the last few weeks, I re-engaged with a past client. Speaking with three of their leadership team members, they voiced the same concerns and comments as my other clients, that COVID remote work is negatively impacting their productivity and teamwork.

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2021 = Optimism

January 23, 2021

Art Koch’s Profit Chain® Series
Volume 1 | Number 1 | January 2021

As we exited 2020, I stepped back and reflected on the past year, looking forward with optimism for 2021. Even though 2020 was a troubled year, I’m not going to rehash the details.  I believe there are multiple bright spots of hope ahead and an excellent reason to have confidence in humanity.

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COVID – The Perfect Disrupter for Small and Medium Enterprises to Leverage for Growth

December 17, 2020

Art Koch’s Profit Chain® Series
Volume 3 | Number 12 | December 2020

With any significant event, crisis, or seismic economic shift, there will always be the opportunity for agile enterprises to fill the void the disruption creates.

The COVID pandemic drastically hastened the retreat from globalization, and depending on the survey, 67% to 84% of North American executives say they are increasing reshoring initiatives. The withdrawal from globalization creates opportunities for enterprises that can work quickly and have a depth of expertise to seize the moment.

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The Three Fs of Supply Chain Management

November 20, 2020

Art Koch’s Profit Chain® Series
Volume 3 | Number 11 | November 2020

During my supply chain management career, I’ve learned and understood how our roles support the Board of Directors.  The Board of Directors are charged with two key elements that supply chain professionals can impact: risk mitigation and shareholder value.  We reduce risk by building sustainable processes, inclusive teams, and developing supplier partners.  We improve corporate valuation by lowering the total cost of ownership (TCO) and increasing inventory velocity.

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