Art’s Law #3 1% = 50%
The 80/20 Rule is not sustainable for problem resolution. We need to think about 80/15/4/1. Where the last 1% of demand typically represents 50% of business complexity.
The last 1% of demand or purchases create 50% of the customers, suppliers, or product numbers.
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Stop letting the process manage you! Become the champion of your game plan and achieve sustainable profits.
Entropy is a giant sucking sound to your profits!
Follow my three-phase methodology to breaking your entropy creep!
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Hi Team Art!
An update on our COVID-19 journey.
I’m still mostly hunkered down in Miami and getting out to eat couple times per week, but to only low density and with outdoor seating.
Thus far, I’ve have been COVID free.
We went on our first flight in five months to Michigan to see our Mother. She is 89 years; we were finally able to visit her at the assisted living home.
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I have discussed both Supply Chain Management professionalism and how the surge in remote work will constrict once the pandemic is over. I’ve included the links to the newsletters or blog post for your reference:
Supply Chain Professionalism
There will be NO “New Normal” – WE will be Normal
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You have heard me recommend internal friendly rivalries. Here’s one for the record books! On the final NASA Space Shuttle mission, Atlantis, on July 8, 2011, to the International Space Station. NASA astronauts left a United States flag to be retrieved by the next group of astronauts to arrive from American soil. The friendly competition was between Boeing and SpaceX. On June 1, 2020, nearly nine years later, a NASA team of astronauts captured the flag when they arrived aboard SpaceX’s Dragon spacecraft!
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Entropy Busters® Series
Volume 3 | Number 2 | February 2020
I started with, “Let’s start with the realization that plan “A” to relocate operations to China had a major flaw. If you moved manufacturing to China, India or any other low-cost producing country with the intention of importing goods back to North America or Europe (half a world away), then your plan was unsound!” The primary focus was on inventory velocity, total cost of ownership and the ethics of investing. Now we are in the middle of a S^&% storm of COVID-19 with world-wide impact to supply chains and the global economy.
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How are your teams at? Forming Norming Storming Performing How well your teams move through these steps will determine their impact, performance and conflict levels. https://youtu.be/XAQC_Am5ywU
Read articleIf you’re like me, you likely rely on e-mail for many for functions.
Many times we take to path of least resistance. When you’re a Supply Chain or Operations team member with a heavy work load trying to get the daily task completed, it’s common for short cuts to be taken; hence the path of least resistance. These work-arounds become tribal knowledge and halt proper change management.
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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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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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