BLOG
Objectively Picking The Right Manufacturing Location
  • Objectively Picking The Right Manufacturing Location

    Picking The Right Manufacturing LocationsIs 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: …Read More

    This entry was posted in Manufacturing and Distribution, Mexico, Supply Chain Optimization, Total Cost of Ownership, Weekend Thought, on August 11, 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
  • Supply Chain Hierarchy of Needs™

    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 …Read More

    This entry was posted in Business Hierarchy of Needs®, Strategy 5.0, Supply Chain Hierarchy of Needs, Supply Chain Optimization, on August 9, 2022
  • 8 Things You Need for Recession Planning – Making the Right Choices Now

    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 …Read More

    This entry was posted in Cost Takeout, Global Initiatives, Strategic Planning 5.0, Supply Chain Optimization, on July 8, 2022
  • Cost Takeout as a Strategy

    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: …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
  • What is a “ Brown Paper Exercise “ and What is its’ Value?

    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.

    Group50’s Brown Paper Exercise is an important tool that we use every day as part of our Value Stream Mapping process.  It provides an engaging, non threatening way for …Read More

    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
  • 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
  • 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
  • Supply Chain Playbook

    The development of a global world class supply chain is a challenge in good times, but is really tested when a supply chain is significantly disrupted. During periods of supply and demand disruptions, like we are currently experiencing, the concept of world class is severely tested. As companies are attempting to understand the resiliency of their supply chain, …Read More

    This entry was posted in Information Technology, Manufacturing and Distribution, Playbooks, Supply Chain Optimization, on July 13, 2020

    Quick Contact

      Ask Expert


      error

      Please share if you liked this article