Tag Archive: strategy

Warehousing Strategies for Success

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The Amazon Effect is creating elevated levels of stress in the warehousing and distribution world. The key question is how to provide immediate deliveries, customized service, easy returns, and more for a reduced cost – a very good question indeed! A few considerations to ponder:  Storage capacity -What is your storage capacity?  How does that compare with your requirements?  And how can you maximize what you can store in your warehouse? Flow – Are you running in circles around your warehouse to support your customers?  Similar to a manufacturing environment, flow can be an essential ingredient to warehousing success –…
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Keep a Strategic Eye

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The verdict is in – those executives that keep a continual eye on strategy outperform the rest. Certainly, after spending a week in Fiji thinking about strategy, I am focused on the power of keeping a strategic eye at all times.  It is undoubtedly what our most successful clients do. We have learned to keep an eye on what “works” across organization sizes, industry types, and more.  Recently, we were in a final project review meeting with a large, complex organization’s CEO, and he continually kept an eye on strategy. As much as he appreciated the tactical results, the strategic…
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5 Steps to Significant Process Improvement, A Case Study

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Over the last couple of months I’ve been working with a client on making significant improvements to their business operations. The 5 step approach we’ve been using can be instructive to others who want to improve their own business processes in a logical and methodical manner.
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Which Business Best Practices Do Top Notch Trusted Advisors See?

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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 –…
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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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Styx and the Power of Positivity and Enjoying Your Career

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Last week, I attended a Styx concert at the L.A. Fair – what a powerful event! The band has been around for 45 years and still enjoys singing together! It was totally apparent watching the concert. They really took the positive spin on their commentary and truly enjoyed singing their classics such as my favorite, “Come Sail Away”. Since I started on a quest to see some of the “greats” while they were still singing over the last few years, I have some performances to compare. Thus, it is obvious that although all of the classics sang their greatest hits,…
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The Calm of Muir Woods and Why Disconnecting Works

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Over Labor Day, I went to beautiful San Francisco for a weekend away, prepared for the “coldest winter ever spent is a summer in San Francisco“, and it turned out with record-setting temperatures over 100 degrees! So, after a food walking tour in the thick of the heat on Saturday in the Mission District, I thought my first visit to Muir Woods might provide some welcome relief on Sunday – and it did. Muir Woods is beautiful and calm. It can be a great way to get away from the rat race by going somewhere you can hear the babbling…
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How To Know If Your Old Business System Is Just Fine

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We cannot tell you how many clients call thinking they need a new system to support their business when they simply don’t! Certainly, there is a time to upgrade to a new business system, when you’ve outgrown your old one (for example: QuickBooks with add-ons like Fishbowl), or your old system is highly customized and unsustainable, or when you are in the midst of a merger or acquisition. However, before jumping to the conclusion that your system must be upgraded, think twice. Any ERP transformation project will be expensive (more than you think!) and resource intensive. With that said, it…
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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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Why Executives Should Care About ERP Strategy

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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…
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