Leadership in the Face of COVID-19

May 15, 2020

Short Term: As a manufacture, what can be done now?

  • Leadership.
  • Establish a triage team to manage the crisis.
  • Be proactive.
  • Don’t waste the opportunity: A Crisis or Recession is a Terrible thing to Waste.

Long Term:

What lessons can we learn?

  • Focus on long-term and not quarterly profits.
  • Don’t ignore the warning signs.
  • Avoid group think. Just because other organizations are “doing it” does not mean it’s a good idea. As the guardian of an enterprise, there is a requirement to think beyond the current frame of focus.
  • We need to think regionally.
  • Focus on inventory velocity, part and process quality, and become a zealot for total cost of ownership.
  • Software providers have done an excellent job of “selling” integrated supply chain solutions. However, how integrated can your enterprise be with 90 to 120 days of total pipe line inventory?
  • Manufacture products regionally for regional customers.
  • The stewardship of low-cost country sourcing.
  • Imagine customer loyalty when your enterprise keeps products and services flowing when others can’t?

Categorized in: The Inventory Doctor®