Similar Posts
Supercharged Supply Chain; PPE, Protecting Your Business
We are in the midst of the COVID-19 Pandemic. And while much of the attention has been focused on rates of infection, outcomes, treatments, vaccines, masks, and social distancing, there has been little attention paid to Personal Protective Equipment (PPE), which includes items such as; masks (of varying types), gloves, sanitizers, and other materials that…
Lean Finance; Breaking Down a P&L Statement and its Components
Nowadays, when we examine financial reports for small or medium sized enterprises (SME), we see that interpretations are being made based only on sales revenues and certain expenses. Since many vital decisions affecting the future of a company are determined by considering only these charts, many decisions are based on incorrect information.
What Do You Mean: Just-in-Time?
There was a time when manufacturers talked about just-in-time deliveries of their production inputs (raw materials, components, supplies), then just-in-time-production or lean manufacturing. There is something missing in JIT and lean understanding which intimidates some manufacturers and service providers, and therefore causes them to “give up” without even trying. What do you mean, JIT? Several…
How do you realize the full potential of your Continuous Improvement Initiative?
In all of my years in business – both as an employer and as a consultant – I have never seen anyone hire someone who was uninspired and not wanting to work for the company that just hired them. Over just as many years, I have heard managers say, “These people are lazy”, or “They have to…
INSIGHT-Apple, BMW in courtship with an eye on car collaboration
A courtship by BMW and Apple, previously put on hold, may rekindle after an precursory visit by executives of the world’s top maker of electronic gadgets to the headquarters of the word’s biggest seller of premium cars. Senior Apple executives toured the carmaker’s Leipzig factory to learn how it manufactures the i3 electric car, but dialogue…
8.5 “Must Know” Career Tips & Tricks
One of the most favourite things I get to do is being involved in academia; especially being able to mentor students as they embark upon their careers. It is one of the very best ways of which I can think to “give back”, or even “pay it forward”. And it is usually this time of year –…