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Case Study: Application of the Business Hierarchy of Needs® to Strategic Planning
- Development of one Most Important Goal
- Creation of business strategies to support it
- Full engagement of stakeholders
- Application of Value Stream Mapping to close operating and strategic gaps
- Identification of an increase of $105M in Enterprise Value
This entry was posted in Business Hierarchy of Needs®, Business Transformation, Case Studies, Strategic Execution 5.0 ™, Strategic Planning 5.0, Strategy 5.0, Value stream mapping, on February 11, 2023 -
Lean Supply Chain Management – 2022 and Beyond – Supply Chain Hierarchy of Needs ™
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 …Read More
This entry was posted in Business Hierarchy of Needs®, Business Transformation, Supply Chain Hierarchy of Needs, on August 25, 2022 -
Using the Supply Chain Hierarchy of Needs ™ to Plan Next Steps
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 …Read More
This entry was posted in Business Hierarchy of Needs®, Business Transformation, Organizational Development, Strategy 5.0, Supply Chain Hierarchy of Needs, Supply Chain Optimization, on August 11, 2022 -
Cost Takeout as a Strategy
There is a significant difference between Cost Reduction and Cost Takeout. All companies should have cost reduction as part of their business strategies. It only makes good sense. At one time or another, just about every C-suite and boardroom has had the discussion regarding Cost Takeout as a Strategy. Continuous Improvement and Lean Business concepts tell us that there are always ways to take out cost and those tools do a good job of reducing cost gradually. Cost takeout as a strategy is a completely different approach. The first thing is to make sure that everyone is clear on what a cost takeout strategy really is. Let’s start with what it isn’t.
It is not: …Read More
This entry was posted in Business Transformation, Cost Takeout, Information Technology, Strategy 5.0, Supply Chain Optimization, on March 2, 2022 -
Five Things You Need To Do To Drive Continuous Improvement – Introduction
Change happens. Every business environment requires continuously changing strategies, processes, tools and skills. Implementing a Continuous Improvement program is one way a company can harness their response to change and create competitive advantage. As companies launch Continuous Improvement programs, they need to have a plan. Effective programs require the following 5 elements leading to successful and sustainable …Read More
This entry was posted in Business Hierarchy of Needs®, Business Transformation, Continuous Improvement, Driving Continuous Improvement Series, Global Initiatives, Manufacturing and Distribution, Organizational Development, Strategy 5.0, Supply Chain Optimization, Value stream mapping, on February 19, 2022 -
Industry 5.0, People – Process – Technology – Cobotics
The implications of Industry 5.0 and the Internet of Everything ( IoE ) are not fully understood by leadership teams. How to get there is a larger challenge. It needs to be a strategic discussion in the board room and in the C-Suite. Its impact, while seemingly obvious is not! Technology …Read More
This entry was posted in Blockchain IoT, Business Transformation, Information Technology, Manufacturing and Distribution, on February 15, 2022 -
Industry 5.0 – IoT and Blockchain – An Application Case Study – Flight Safety Parts
A lot has happened since the creation of blockchain in 2009, including the great hype of 2014-2017, when hundreds of books were written and blockchain was continuously in the news – At that point, more of a fantasy than a practical business reality. Over the last few years, blockchain systems have matured and are going mainstream with companies now accepting cryptocurrencies for payments, issuing fungible tokens for digital assets, and notable companies such as Maersk, IBM, Walmart, and others having implemented blockchain in their supply chains. Just as the internet was in its infancy in the late 90’s, …Read More
This entry was posted in Blockchain IoT, Business Transformation, Case Studies, Information Technology, Manufacturing and Distribution, Strategic Execution 5.0 ™, Strategic Planning 5.0, Strategy 5.0, Supply Chain Optimization, on January 28, 2022 -
Digital Transformation Case Study – Inflection Point
- $6M in annual savings
- $15M in future cost avoidance
- $2+M working capital reduction
- 900% ROI
- Reduced new product cycle times from weeks to days
This entry was posted in Business Transformation, Case Studies, Inflection Point, Manufacturing and Distribution, Market Effectiveness, Strategy 5.0, on October 17, 2021 -
Podcast With Jim Gitney on What to do About Moving Through an Inflection Point
Growing a business is not as simple as applying a sales formula or launching an innovative product. The approach for growth changes as your business evolves through its business life cycle. Each time a company doubles in size, it hits an inflection point: a time in a company’s life cycle where its people, processes, and technologies are struggling to support the business. When that happens, …Read More
This entry was posted in Business Transformation, Inflection Point, Podcasts, Strategy 5.0, on February 12, 2021 -
Virtual Strategic Planning and Strategic Execution
The majority of our consulting work has been virtual and like everyone else we have adapted by developing a virtual strategic planning and strategic execution process. To us and our clients, this remote workforce thing has not been as bad as people feared. Many leaders believe that employees are more productive when working from home and several companies are reducing office space and headcount because of it – one part of their strategic plan. They all agree that executing strategy has presented more challenges because …Read More
This entry was posted in Business Transformation, Global Initiatives, M&A, Manufacturing and Distribution, Market Effectiveness, Organizational Development, Product Development, Strategy 5.0, Supply Chain Optimization, on September 30, 2020
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Latest News
- Podcast: Jim Gitney with Host David Bookbinder on “Behind the Numbers”
- Making Continuous Improvement a Reality
- Building Effective Procurement and Supply Chains Using Data Analysis -Live Webinar with Jim Gitney –
- Stopping Short of Excellence – Overcoming “Good Enough”
- Group50® Consulting in Manufacturing and Distribution
- Group50® Supply Chain Consultants: Empowering Businesses through Expertise
- Strategic Planning Consultants: Your Complete Guide
- 10 Elements of an Effective Supply Chain
- Optimizing Operations: The Role and Benefits of Supply Chain Consulting
- Managing the Productivity Cycle