Over the last 2 years, the hype around blockchain has cooled down significantly and IoT continues to penetrate everything we do. Our use case research has found over 400 significant business implementations in just about every industry and it is expected that the 12 billion IoT devices in 2020 will grow to 25 billion by 2025. The World Economic Form believes that Blockchain and IoT has the potential to reduce cost in global GDP by $3-5 trillion over the next 6 years. I believe that number is understated.
So, why should you care? …Read MoreThis entry was posted in Blockchain IoT, Business Transformation, Manufacturing and Distribution, Supply Chain Optimization, on July 13, 2019
Group50’s CEO, Jim Gitney, was recently asked by an executive about how he should manage the division he just took over as its president. Jim told him “Manage it like you are going to sell it – maximize value creation”. The executive gave a strange look and asked why that mattered. …Read MoreThis entry was posted in Anti-Strategy, Exit Planning and Transition, M&A, Manufacturing and Distribution, Strategic Execution, on May 29, 2019
The phrase “Internet of Things ( IoT )” or “Internet of Everything ( IoE )” and its application to manufacturing and distribution does not bring to mind a concrete set of images or business approach to most senior executives. In fact, the opposite is true, …Read MoreThis entry was posted in Blockchain IoT, Business Transformation, Information Technology, Manufacturing and Distribution, on May 17, 2019
A $400M per year consumer products company was experiencing problems with their Sales, Inventory, Operations Planning ( SIOP or S&OP ) process. Lead times for product were excessive and the supply chain wasn’t responsive enough to serve the needs of its markets. Inventory had swelled 25% to over $70M. This was due to their business processes not being able to …Read MoreThis entry was posted in Case Studies, Driving Continuous Improvement Series, Manufacturing and Distribution, Supply Chain Optimization, on May 6, 2019
Purchasing Best Practices were important to two supply chain optimization projects we recently completed for a University and a $400M manufacturer of consumer products. All companies purchase goods and services and have various organization structures, business processes and technology backbones for handling it. In both projects, these were significantly different from each other. Irrespective …Read MoreThis entry was posted in Continuous Improvement, Manufacturing and Distribution, Supply Chain Optimization, on April 14, 2019
Most companies are struggling to identify the value of IoT (Internet of Things) and Blockchain in their business. That is partly due to the relationship between Strategy and IoT. While there is a need to have an IoT strategy, it needs to be a subset of the ultimate business strategy. IoT is an enabling technology that allows the business to rethink it strategy, how it goes to market and the product road (goods and services) that IoT enables. As a result, …Read MoreThis entry was posted in Blockchain IoT, Business Transformation, Cost Takeout, Information Technology, Manufacturing and Distribution, Strategic Execution, on January 9, 2019
Here are some facts to consider when deciding to add the Brown Paper Exercise to a Value Stream Mapping Project:This entry was posted in Continuous Improvement, Driving Continuous Improvement Series, Healthcare, Manufacturing and Distribution, Organizational Development, Strategic Execution, Supply Chain Optimization, on December 20, 2018
Blockchain and IoT technologies provide an opportunity to significantly reduce upstream and downstream costs in the Oil and Gas Industry. The World Economic Forum estimates that the digitization of the Oil and Gas industry could unlock $1.6T of value globally and realize $140B in productivity. While Blockchain and IoT won’t be …Read MoreThis entry was posted in Blockchain IoT, Business Transformation, Information Technology, Manufacturing and Distribution, Strategic Execution, Total Cost of Ownership, on September 29, 2018
Group50, Thinaër, Sweetbridge Alliance Network Form New Blockchain Working Group for Mid-Market Supply Chain Optimization and Liquidity
Combining solutions for blockchain data integration, secure IoT, and supply chain liquidity with industry best practices for blockchain platform delivery and implementationThis entry was posted in Blockchain IoT, Business Transformation, Information Technology, Manufacturing and Distribution, Strategic Execution, on September 16, 2018
In Part V of the series on Driving Continuous Improvement, we discuss the importance of utilizing the right combination of Continuous Improvement tools. Once you have your program aligned with your business strategy and …Read MoreThis entry was posted in Continuous Improvement, Driving Continuous Improvement Series, Manufacturing and Distribution, on May 6, 2018
- Connecting the Dots – What Thanksgiving and Strategy Have in Common
- 8 Key Components of a Successful Strategic Planning and Strategic Execution Process
- Why Should You Care About Blockchain and IoT?
- Manage Your Business Like You Are Going to Sell It
- The Internet of Things – IoT : Making sense of Its Components
- Digital Supply Chain Technology …… Are you leveraging it to the fullest?
- Case Study in Sales, Inventory, Operations Planning (SIOP) Process Improvement
- Digital Technology as a Strategic Asset
- 12 Purchasing Best Practices
- Group50® Recaps 2018, Announces Addition of Lara Abrams to the Group50 Team