Printing Gold with 3D Printing / Additive Manufacturing

June 18, 2020

Art Koch’s Profit Chain® Series
Volume 3 | Number 6 | June 2020

The Elegance of Simplicity

It was just last year when Apple Inc. (AAPL) announced that the company had exceeded a market value of $1 Trillion. How did they become the first company with a trillion-dollar valuation? It is my opinion that it was Steve Jobs’, and now Tim Cook’s, relentless focus on simplicity. Both understood that it would not be easy and that it would take unwavering tenacity to achieve their vision.

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To CEOs: You’ve Been Misguided by Antiquated…

May 22, 2020

Art Koch’s Profit Chain® Series
Volume 3 | Number 5 | May 2020

One important lesson that COVID-19 has taught Executive Leaders is that their assumptions are misguided when assessing the Total Cost of Ownership, TOC.

Total Cost of Ownership (TCO): TCO includes all of the direct and indirect costs associated with an asset or acquisition over the entire life cycle of the product or service. TCO includes not just the purchase price, but also the cost of transportation, handling and storage, damage and shrinkage, taxes and insurance, and redistribution costs.

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Is Just in Time Broken?

April 22, 2020

In the last couple of months, we have gone to grocery stores and pharmacies only to find empty shelves where the toilet paper, paper towels, antibiotics, cleaning supplies and hand sanitizer used to be.

Let’s take a moment to discuss supply chain as it applies to the retail industry. For non-perishable goods, canned foods and dry-goods, the only use of JIT in the retail sector is from the distribution center to the store location. From manufacturing to distribution centers, is traditional “push”, manufacturing utilizing highly sophisticated forecasting / demand planning, or just-in-case inventories. When digging deeper into the outages occurring today, the demand variability of these items is extremely low; meaning their demand is highly predictable. What we are experiencing is a once in a 100-year event! No demand planning / forecasting system is capable of predicting this type of event or crisis. If demand planning processes were able to forecast this event, I guarantee that this kind of knowledge would not be wasted on toilet paper and paper towels! Someone would be using that information to make billions in the stock market or to accurately predict weather patterns. Additionally, push systems are not flexible, responsive or agile enough to quickly pivot for sudden demand changes.

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Lessons we can learn from the COVID-19 Crisis! – Video

April 11, 2020

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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Shrimp Tank (Seattle WA) Covid-19 Expert Panel

March 27, 2020

As the reality and the shock of the Covid-19 crisis are starting to settle, business leaders and owners should be taking immediate action to protect business today and secondly mobilize their entrepreneurial skills to seize opportunities as they arise.

This global pandemic is already having a profound impact on small- and medium-sized businesses, but now is the time to prepare strategies for recovery. Listen to this podcast produced by Dan Weedin in Seattle where he interviews business experts from Seattle, Portland, Miami, Canada, and Australia on what business owners should be thinking about during the Covid-19 crisis. Recorded March 18, 2020.

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The Call of a Generation – Navigating the Covid-19 Crisis

March 18, 2020

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

The Call of a Generation – Navigating the Covid-19 Crisis

As our parents, grandparents, and great-grandparents before us, each generation was called on to make sacrifices for their country: whether it was during World Wars, The Great Depression, or similar pandemics such as the Spanish Flu. Today, WE are the generation who must make the sacrifices. We will get through this as stronger people, stronger nations and partnerships. Please remember, as bad as this feels, no one is dropping bombs on us or shooting at us!

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When Ludicrous becomes Scandalous

January 12, 2020

When Ludicrous becomes Scandalous.

I like to have fun with the words ludicrous and scandalous. By personal definitions are as follows:

Ludicrous; We’ve all been there… Billy always has the crazy ideas. Often, they’re actually worth looking into and determining if they have any substance. However, with any good brainstorming there are the occasional ludicrous ideas. There is absolutely nothing wrong with the occasional ludicrous idea, just don’t spend resources on it.

Scandalous; Is spending time and money on that ludicrous idea…!

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