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.
Read article
Art Koch’s Profit Chain® Series
Volume 3 | Number 8 | August 2020
Before the pandemic, in 2017-2018, we had witnessed the peak of globalization. Results of several recent polls taken of industrial leaders indicate that between 65% to 85% plan to re-shore, nearshore, or insource products manufactured in remote parts of the world to reduce their supply chain risk.
When I first started to write about this topic, I received mixed reviews. Not everyone believes that extended supply chains negatively impact Total Cost of Ownership to the extent of my views. Regardless of whether or not you agreed with me back then, there is no denying that we are now in the midst of a seismic global manufacturing shift. Are you ready for the change?
Read article
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
Read article 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!
Read article
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.
Read article
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.
Read article
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…!
Read article
Entropy Busters® Series
Volume 2 | Number 12 | December 2019
Sacrificing the Important for The Urgent
Do you or anyone within your organization ever sacrifice the important for the urgent? This is one of the key challenges of many organizations. When you look at the team member’s challenges: e-mails, mobile phones and open work spaces, it’s nearly impossible to find the quiet time and space to complete meaningful work. This reality is echoed by team leadership. Many, if not all, say they would love to work on certain priorities…if they only had the time…
Read article
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.
Read article
So what is the difference between a vendor and supplier partner?
A vendor supplies products. Examples are; when at a sports or entertainment venue and you buy; soda, beer, food or candy.
Suppliers are enterprises providing goods and services that are recognizable to you as the customer.
Read article