This entry was posted in Case Studies, Continuous Improvement, Manufacturing and Distribution, Value stream mapping, on January 26, 2023
- Identified $4.9M in process improvement savings, a 17% productivity improvement
- Increased throughput between 25 and 100%
- Increased First Pass Yields between 15 and 60%
- Redesigned multiple workstations and processes …Read More
This entry was posted in Case Studies, Manufacturing and Distribution, Strategy 5.0, Supply Chain Hierarchy of Needs, Supply Chain Optimization, Value stream mapping, on January 24, 2023
- Identified large growth opportunity in a downward market.
- Market study on how to differentiate in the market through supply chain.
- New business and supply chain strategies.
- Defined strategies for leveraging installed base.
Question: Has your company streamlined the business processes and staffing that were changed over the last three years?
First: We had the pandemic which caused every business to significantly change the way they work. Second: Coming out of the pandemic businesses had to ramp up operations like never before.
In every business we have worked with over the last 3 years, …Read MoreThis entry was posted in Cost Takeout, Manufacturing and Distribution, Organizational Development, Value stream mapping, on December 14, 2022
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 effects 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: …Read MoreThis entry was posted in Manufacturing and Distribution, Mexico, Supply Chain Optimization, Total Cost of Ownership, Weekend Thought, on August 11, 2022
In Group50’s early days, we were working with the model shown in the picture to the left when we were doing strategic planning work. It was simple, to the point and easy to talk about. None of our clients were totally convinced that this image told the entire story. It was missing a lot of information and only told the story of getting prepared to implement a company’s strategy. This graphic didn’t include two key elements: …Read MoreThis entry was posted in Business Hierarchy of Needs®, Manufacturing and Distribution, Strategy 5.0, on February 26, 2022
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 MoreThis 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
At Group50®, we have brought back to life an old form of Value Stream Mapping called the Brown Paper Exercise. Long before computers were invented, the only way to do Value Stream Mapping was on paper. Utilizing paper allows you to be produce maps that are not limited to the size of a computer monitor or projection screen. It is interactive, fun and can be done via a hybrid model of in-person and virtual.This entry was posted in Business Hierarchy of Needs®, Continuous Improvement, Healthcare, Manufacturing and Distribution, Organizational Development, Strategy 5.0, Supply Chain Optimization, Value stream mapping, on February 16, 2022
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 MoreThis entry was posted in Blockchain IoT, Business Transformation, Information Technology, Manufacturing and Distribution, on February 15, 2022
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 MoreThis 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
$6M in annual savings, $15M in future cost avoidance, $2+M working capital reduction, 900% ROI
A $300M per year in annual sales CPG company is experiencing significant growth and has hit an Inflection Point, where people, process, and technology were struggling to support the size of the business. The entire company, every function was using “brute force” to make things work. The company wants to increase sales by 50% in five years, but …Read MoreThis entry was posted in Business Transformation, Case Studies, Inflection Point, Manufacturing and Distribution, Market Effectiveness, Strategy 5.0, on October 17, 2021
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