Lean Supply Chains, while still important are not robust enough to meet the needs of today’s global supply chain requirements. Jim Gitney, the CEO of Group50 Consulting, discusses new requirements and methods for Lean Supply Chain Management and introduces the Supply Chain Hierarchy of Needs ™ as a guide to implementing Lean and Agile supply chain (more…)
Is picking the right manufacturing location purely an objective exercise or is it subjective as well? The answer is yes to both. The objective side clearly affects your P&L, while the subjective side affects the risk to your P&L.
In choosing the right manufacturing location it is important to do the analysis with 4 key objectives in mind. They are as follows: (more…)
The economy is troubling everyone again. It is unclear how deep the recession is going to be, but it is obvious that demand is declining and many of our clients are continuing to see supply chain issues. I expect to see another lead and lag between demand and supply over the next 8-12 months, so here we go again.
You and your team are probably trying (more…)
Supply chains are the heart and arteries that drive a company’s strategic success. From raw materials through the full life cycle of the product or service, lean supply chains have constantly changing requirements and have been significantly challenged with the frequency of massive disruptions. The Supply Chain Hierarchy of Needs™ provides a framework for (more…)
These statistic from Boardview.io should cause pause to all senior leaders:
“80% of leaders feel their company is good at crafting strategy but only 44% at its implementation”
To make matters worse, they also report:
10% of organizations achieve at least two-thirds of their strategy objectives, with 36% achieving between 50%-67% and 54% achieving less than 50%
I have no reason to doubt these statistics based on what we see in our consulting work. The primary reasons for this are: (more…)
Whether we want to call this a recession or just unfortunate circumstances, I think that we can all agree that business is being disrupted yet again by external factors beyond management’s control. Interest rates are up, sales are down and inflation is above 8%. Amazon, Tesla, Wells Fargo, Coinbase, Salesforce, Meta and Netflix are a few of the more well-known companies announcing layoffs. Financial indicators (more…)
90% of companies do a poor job executing their strategy
The Business Hierarchy of Needs® and and Strategy 5.0™ are part of Group50’s suite of strategic planning and execution tools. In this 20 minute video, Jim Gitney, the Founder and CEO of Group50, summarizes how the Business Hierarchy of Needs®, a change management framework, can be used by Boards of Directors and senior leadership teams (more…)
“𝑰𝒕 𝒊𝒔 𝒕𝒊𝒎𝒆 𝒇𝒐𝒓 𝒂 𝒑𝒂𝒓𝒂𝒅𝒊𝒈𝒎 𝒔𝒉𝒊𝒇𝒕 𝒊𝒏 𝒕𝒉𝒆 𝒘𝒂𝒚 𝒘𝒆 𝒍𝒐𝒐𝒌 𝒂𝒕 𝒕𝒉𝒆 𝒐𝒓𝒈𝒂𝒏𝒊𝒛𝒂𝒕𝒊𝒐𝒏 𝒔𝒕𝒓𝒖𝒄𝒕𝒖𝒓𝒆𝒔 𝒕𝒉𝒂𝒕 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒓𝒆𝒒𝒖𝒊𝒓𝒆𝒅 𝒕𝒐 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍𝒍𝒚 𝒍𝒆𝒂𝒅 𝒂 𝒄𝒐𝒎𝒑𝒂𝒏𝒚 𝒕𝒐 𝒂 𝒅𝒊𝒈𝒊𝒕𝒂𝒍 𝒇𝒖𝒕𝒖𝒓𝒆.”
I just published an article on LinkedIn on the Appropriate Design for a Digital Future. You can read it here. For those of you who want a Schaum’s outline version, here we go.
Today’s functional organization structure is no longer appropriate for serving the digital future. Business processes are horizontal, not vertical. So, as part of Group50’s approach to Strategy 5.0™, we are proposing that companies be organized in the following (more…)
How many different strategic frameworks are there? Probably as many as there are consultants. Most are difficult to explain to leadership, and they are impossible to explain to everyone else. While the development of a business strategy can be complex, the focus of the the Group50® Strategy 5.0™ framework of Where to Play and How to Win provides a solution to this problem by keeping it simple: (more…)
Cost Takeout has been heard at one time or another in every C-suite and boardroom. The primary objective of every leadership team is to improve profitability and while there are many ways to do that, every company should have cost takeout as a strategic imperative. Continuous Improvement concepts tell us that there are always ways to take out cost. With that in mind, how does a leadership team develop a cost takeout strategy? The first thing is to make sure everyone is clear on what a cost takeout strategy really is. Let’s start with what it isn’t.
It is not: (more…)
- Lean Supply Chain Management – 2022 and Beyond – Supply Chain Hierarchy of Needs ™
- Objectively Picking The Right Manufacturing Location
- Using the Supply Chain Hierarchy of Needs ™ to Plan Next Steps
- Supply Chain Hierarchy of Needs™
- Strategy Realized – The Business Hierarchy of Needs® – Talent Optimization
- 8 Things You Need for Recession Planning – Making the Right Choices Now
- Video Explanation of the Business Hierarchy of Needs®
- Strategy 5.0™ – Defining the Appropriate Organization Design for a Digital Future
- Strategy 5.0™ – Where to Play, How To Win, Most Important Goal
- Cost Takeout as a Strategy