Tag Archive: priorities

Which Business Best Practices Do Top Notch Trusted Advisors See?

By
In my ProVisors ODAM (Ontario-hosted Distributors and Manufacturers group – don’t you love the play on words?) meeting this month, we discussed business best practices we’ve seen with our manufacturing and distribution clients. It was a fascinating discussion as our group is diverse and consists of the most respected attorneys, CPAs, commercial insurance, business financial advisers, and consultants from around Southern California. Yet, we agreed rather quickly on core best practices. Thanks to Ron Penland for making the meetings engaging and trend-worthy. Here are some of the top themes surrounding best practices: Start by understanding financial statements and cost –…
View Article




IBM, MIT & Artificial Intelligence

By
IBM has announced it plans to spend $240 million over the next ten years to develop an artificial intelligence (AI) research lab with the Massachusetts Institute of Technology (MIT). Anytime these two powerhouses collaborate and put their money where their mouth is, we should at least pay attention and consider the significance. AI is popping up in conversations everywhere as all type of organizations and industries are seeing the significance of AI technology. I don’t even have to look very far. My mom said her Amazon Alexa was one of the best presents she has ever received. (And that’s solely…
View Article




Even The Best System Will Fail Without Talent

By
As an ERP expert, it is quite clear to me that even the best systems will fail miserably if they don’t possess talent. Don’t even bother to select and implement an ERP system if you don’t have the “right” people on the bus. Start with executive support and continue on down through every position – everything is a team effort. Since we’ve worked with many clients on ERP projects, it is crystal clear what impact people will have on your business’s success. Throw out the notion that ERP is a technical topic! Instead, start thinking of it as a transformation…
View Article




Emerging Technologies for Supply Chain

By
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…
View Article




Why Executives Should Care About ERP Strategy

By
Lately, we’ve been called in by several clients with ERP challenges that directly impact business growth and success. Do you desire profitable growth? If so, add ERP into your strategic discussions. Would you delegate a decision that could literally make or break your customer service, profit margins (or lack thereof) and ability to grow? I think not! ERP Strategy Matters There has been a widespread need to consider ERP as a strategic topic. For example, these scenarios have arisen in just the last month: In one manufacturing company, the ERP system was holding them back from growing. For a family-owned…
View Article




Why Persistence Matters

By
Typically when I talk about persistence, I refer to my Mom because she is very persistent. I’m glad that wore off on me. However, this time, I am referring to several people: an ACA Group colleague, Ellen Kane; a Manufacturing Council of the Inland Empire colleague, Wally Brithinee; and one of my APICS Inland Empire Board of Directors Tony Martinez. I have been involved in the APICS West Coast Student Case Competition since the first year when Ellen Kane founded it with three teams from two schools. Now, I’ve acted as co-chair with Ellen (pictured below with me at the 2017…
View Article




A Tour of Skechers and Jaw Dropping Savings (and Innovations)

By
A Tour of Skechers & Jaw Dropping Savings Recently, I went on a tour of Skechers with my ProVisors group.  We had heard so much about the building and related innovations from the developer, Iddo Benzeevi, previously that we were really excited to see it in action.  There are truly jaw dropping savings – $25 million a year reduction in operating costs – from the total picture.  Who can argue with that?  Certainly not the environmentally-conscious people as it is also the largest LEED Gold Certified building of its kind to be awarded with this distinction by the U.S. Green…
View Article




The Eagles & Apprenticeships

By
Last weekend I went to Classic West – an amazing weekend of six classic bands at Dodger Stadium including The Doobie Brothers, Eagles, Journey, Fleetwood Mac, Steely Dan and Earth, Wind & Fire. What a lineup! Aside from amazing music and fabulous floor seats (we were two rows back from David Spade!), we were also able to meet up with family and friends. While I adore Journey, I have to admit the best act of the weekend was the Eagles. This was the Eagles first concert since Glenn Frey’s sudden passing in 2016, and they made it a tribute to him.…
View Article




Winning Leadership Traits for Project Success

By
No matter the topic of your project, it will be more successful if the project leader utilizes winning leadership traits. As our HR mentor used to say, “It begins and ends with people!” Therefore, leadership is the name of the game, assuming you want to win the game. In project management, this is even more critical because most project teams are groups of cross-functional resources who do not report to the same line manager. Thus, the project leader has to use influence leadership in addition to command and control leadership. Actually, command and control leadership doesn’t even work long-term for…
View Article




The Importance of Controlled Speed

By
Last week I was in New Zealand, and I went on a wild ride on the Dart River (see below). We went at 100 kph with just 4 inches of water. It was a thrilling ride with amazing scenery in the background, and it got me thinking about the critical importance of speed in today’s workplace. EVERY single one of my clients must grow, improve service levels, reduce lead time, maximize margins, and improve efficiencies — YESTERDAY. Speed of results is of the essence. It has been the focus of my clients since the recession (as cash was the focus during the…
View Article