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Recession Planning and Fine Tuning Your Business Plan – Webcast
  • Recession Planning and Fine Tuning Your Business Plan – Webcast

    By: Admin   |   Leave a Reply
    Preparing for a Downturn

    Group50 sponsored this webinar which focuses on Recession Planning and Fine Tuning a company’s business plan in turbulent times. Subject matter experts in Finance, Leadership and Operations discussed best practices and the Do’s and Don’ts they learned during their corporate and consulting careers and multiple economic cycles with hundreds of companies ranging from start-ups to Fortune 100 companies such as GE, Black & Decker, Deloitte, Underwriters Laboratories and …Read More

    This entry was posted in Business Transformation, Cost Takeout, Manufacturing and Distribution, Strategic Execution, Supply Chain Optimization, on March 26, 2020
  • Global Recession and Recession Planning – Are You Ready?

    By: Admin   |   Leave a Reply
    Preparing for a Downturn

    We are in a global recession according to global experts in a recent Forbes article. Don’t let this be your Kobayashi Maru – No Win Scenario. Every dollar not spent by consumers reduces downstream spending by 43% according to the current velocity of money statistics. No matter what business you are in, you are being impacted by this atypical recession, one that will likely rival the tech bubble of 2001 and the financial collapse of 2008. If you don’t agree, no need to read further, but can you really take that risk? …Read More

    This entry was posted in Business Transformation, Cost Takeout, Manufacturing and Distribution, Organizational Development, Strategic Execution, Supply Chain Optimization, on March 18, 2020
  • Why Should You Care About Blockchain and IoT?

    Preparing for a Downturn

    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 More

    This entry was posted in Blockchain IoT, Business Transformation, Manufacturing and Distribution, Supply Chain Optimization, on July 13, 2019
  • Manage Your Business Like You Are Going to Sell It

    Preparing for a Downturn

    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 More

    This entry was posted in Anti-Strategy, Exit Planning and Transition, M&A, Manufacturing and Distribution, Strategic Execution, on May 29, 2019
  • The Internet of Things – IoT : Making sense of Its Components

    Preparing for a Downturn

    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 More

    This entry was posted in Blockchain IoT, Business Transformation, Information Technology, Manufacturing and Distribution, on May 17, 2019
  • Case Study in Sales, Inventory, Operations Planning (SIOP) Process Improvement

    Preparing for a Downturn

    Situation Analysis

    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 More

    This entry was posted in Case Studies, Driving Continuous Improvement Series, Manufacturing and Distribution, Supply Chain Optimization, on May 6, 2019
  • 12 Purchasing Best Practices

    Preparing for a Downturn

    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 More

    This entry was posted in Continuous Improvement, Manufacturing and Distribution, Supply Chain Optimization, on April 14, 2019
  • Developing an IoT strategy for your business

    Preparing for a Downturn

    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 More

    This entry was posted in Blockchain IoT, Business Transformation, Cost Takeout, Information Technology, Manufacturing and Distribution, Strategic Execution, on January 9, 2019
  • What is a “ Brown Paper Exercise “ and What is its’ Value?

    Preparing for a Downturn

    Here are some facts to consider when deciding to add the Brown Paper Exercise to a Value Stream Mapping Project:

    …Read More

    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 – IoT Strategies and Use Cases – Oil and Gas Industry

    Preparing for a Downturn

    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 More

    This entry was posted in Blockchain IoT, Business Transformation, Information Technology, Manufacturing and Distribution, Strategic Execution, Total Cost of Ownership, on September 29, 2018
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