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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Unlock the Art of Change™ Series – March 2021
KPIs need to be helping you manage operations by starting on course. Are you getting:
Better? Worst? Staying the Same?
If your KPIs are not answering these three simple questions, then they are of no use.
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Happy Halloween Team Art!
October has been a busy month! We traveled to Spain to see my father-in-law; I had my 60th birthday and attended Christina and John’s beautiful wedding.
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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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Today is a moment of unprecedented change. The COVID – 19 pandemic has caused significant disruptions to all businesses around the world. Don’t think of this a problem, but opportunities for those individuals that are faster, flexible, and responsive to change. We cannot let fear paralyze us from inaction.
One of the biggest challenges I see with organizations is to just start. They need to set aside their self-doubt. I’ll say to them: “It’s time to Knock the Training Wheels Off and start our journey”. This is exactly what many organizations need to do right now!
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