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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Every day some events occur to us that we have ZERO control over.
However, we have 100% control over our response.
For example, a draw bridge, train crossing, or an auto accident may delay your commute home from a long day’s work. Rather than getting mad or angry, use the newly found time to your benefit.
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Art Koch’s Profit Chain® Series
Volume 3 | Number 10 | October 2020
What if I were to tell you that you have an untapped resource within your organization and that it’s free to you if you know how to slow down and dive in and find it? It is how leaders discover, cultivate, and sustain the hidden genius in their organization.
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Competition has been and always will be tough, so get over it!
What if I were to tell you that you have an untapped resource within your organization and that it’s free to you if you know how to slow down and find it?
Lead from the HEART.
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How many KPIs do you manage?
I worked with a client who was trying to build an electronic dashboard for 50+ KPIs. When there is this number of KPIs, the information becomes white background noise and many organizations succumb to analysis paralysis.
It took time to convince, but we were able to reduce the number to The Relevant Few.
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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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Volume 3 | Number 1 | January 2020
Scrapping the Notion of New Year’s Resolutions
We are now into the third full week of the New Year. If you made resolutions, how many are still in-place? Statistics show 90% are dropped within the first 30 days.
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Volume 2 | Number 11 | November 2019
Knocking Off the Training Wheels
Recently, I attended two industry functions and spent several days with other consultants, advisors and strategists. It’s always great to be around other smart people. It makes you elevate your own game.
However, there can be a downside to meeting with these professionals.
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With a college football bowl season almost completed and NFL playoffs ready to start. It’s a good time to highlight some importance Leadership observations.
Leadership Is A Contact Sport!
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We’ve all been there. The dreaded mandatory problem solving session.
The facilitator say’s we going to solve XYZ opportunity. There is a “brainstorming” mind dump of the issues, an excel file with filters and pivots, and to cap the meeting off, someone has a data visualization software they are eager to use. And before you know it you’re trying to Boil the Ocean or Solve World Hunger. Everyone forgets why we’re there in the first place…
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