Tag Archive: execution

I’ve Been Thinking about Competition – Or Are They?

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Last week, Kash Gokli (Professor of Manufacturing Practice and Director of the Engineering Clinic at Harvey Mudd) and I led our most recent Harvey Mudd Executive Roundtable on the topic of competition. We created these roundtables to bring Southern California executives together to network and discuss timely topics for organization success. We had a fascinating discussion about two general themes: How to develop a strategy to make you stand out from the crowd so you have no competition AND how to collaborate with your competition for win-win success. In today’s Amazon-impacted, competitive world, it is wise to be thinking about…
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Electric Car Investment Surges Among Big and Unexpected Names

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Dyson just announced it will build a radically different electric car by 2020. What is particularly interesting is that Dyson is not who you would expect to get into electric cars. They are spending far more (one billion £) to develop the car than they are on the rest of their traditional business lines (vacuums and air filters). Obviously, they see vast potential. Similarly, Mercedes is aggressively targeting Tesla with a $1 billion electric push. Not only that, they are doing it in the U.S. – in Alabama to be specific. Electric car investments are stimulating a billion here and a billion there… What Should We…
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Emerging Technologies for Supply Chain

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There is an ever-increasing interest in emerging technologies for supply chain. When thinking of your end-to-end supply chain – from your suppliers’ suppliers, through your manufacturing and distribution operations, to your customers’ customers – you must consider technology to have any hope of achieving success. In today’s Amazon-impacted environment, rapid information and product flow must be accompanied with low-cost and efficient supply chains to maximize the customer experience, profitable growth and cash flow. Trending technologies to consider in your strategic discussions include the following: Additive manufacturing such as 3D printing – it is no longer just for R&D. The progressive…
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SIOP – How Collaboration & Judgment Can Achieve Wonders

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Earlier this week, I spoke to APICS Ventura County on the topic of SIOP (Sales, Inventory & Operations Planning). It was a great conversation because it was really interactive, with probing questions on not just the theory and concepts but how to “make it work.” Talking more about the secret recipe to achieving results. What became apparent during the discussion is that what we do truly boils down to much, much more than aligning demand with supply or any of the technical aspects of SIOP. Success results from collaboration and common sense with a dash of judgment thrown in at…
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Raising the Bar With Customer Service Through Internal Operations

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Could a simple solution of aligning Sales with Operations with Finance deliver the bottom line BIG win? Do your internal operations truly have a significant impact on your customer service levels? Yes, for every single client, they can have a dramatic effect! For example, we recently worked with a client that wanted to raise the bar when it came to customer service levels. Over time, product mix, distribution strategies and buffer capabilities changed which created a gap when compared to prior performance levels. The challenge was to improve customer service and the overall customer experience rapidly – and “make it…
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Walmart Raising the Supply Chain Metrics Bar

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One of my clients forwarded this Business Insider article about Walmart’s supply chain metrics. Walmart is not only requiring an increase in OTIF (on-time-in-full) delivery performance but it also will charge penalties for suppliers that don’t live up to the metric! Creating an efficient supply chain is critical for Walmart, so they are taking this proactive stance. This is prevalent throughout our manufacturing and distribution clients – regardless of industry. For example, in aerospace, there are very similar supply chain metrics and penalties. If we want to grow our businesses, we must develop excellence throughout our supply chain. Just think, there…
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Getting Out of the Weeds to See the Forest

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Turning Everyday Interactions into Profitable Opportunities I’ve been working with several clients recently who are interested in “getting out of the weeds” so that they can “see the forest”. In a few cases, we’ve talked about strategy and reviewed key information about customers, demand, supply and financials. Although there were benefits to each piece (including being able to make decisions such as in-sourcing/outsourcing, equipment purchases, lease renegotiation, and hiring), it was no comparison to the value of being able to see the BIG PICTURE. Similar to driving to work every day and not remembering how you got there, we are…
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The Transfer of Ontario Airport & The Challenge Bridging Strategy & Execution

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Many of my Inland Empire colleagues and trusted advisors have been supporting the transfer of ownership of the Ontario Airport back to the city of Ontario (from LAX airport) for YEARS. It was a big surprise when the Los Angeles Times reported breaking news that it is likely to occur within a year. A major win for the Inland Empire! As a supply chain consultant, this is HUGE news. Having the ability to take a declining airport with underutilized assets and vast potential and transform it into a vibrant contributor to the economy – and the manufacturing, distribution and transportation network within the…
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Top Tips to Ensure Execution Success

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Executive commitment – start with executive commitment. Otherwise, you might as well hang up your hat, as it is really unlikely to succeed. Provide a compelling case to senior leaders on why your particular initiative should be pursued. Put your energy here before anything else! Choose your initiative leader carefully – since leaders make or break success, it is important to choose carefully. Find a leader who is willing to go the extra mile to keep executives up-to-speed, and one who will share success and accept blame. A good leader will create success; whereas a so-so leader can kill even…
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Strategy or Execution?

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If you looked at the last day, week or month, how much of your time are you spending on execution vs. strategy? Is it a surprise? A disappointment? How does it align with your best skills?  Also if you think about your energy level – how are you feeling?  Does this relate to where you are spending your time? Are you excited about your area of focus? Should you adjust the amount of time you are spending on either? Don’t fall into the trap of thinking the answer relates to your position!  Although CEO’s are likely to spend more time on…
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