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Recession Planning and Fine Tuning Your Business Plan – Webcast
By: Admin
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, Strategy 5.0, Supply Chain Optimization, on March 26, 2020 -
Global Recession and Recession Planning – Are You Ready?
By: Jim Gitney
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, Strategy 5.0, Supply Chain Optimization, on March 18, 2020 -
The Impact of Value Stream Mapping: Organizations and Processes
By: Jim Gitney
The most successful way to look at unneeded business processes and their costs to the business is through a Value Stream Mapping (VSM) project. VSM provides a clear view of how various business processes are related to each other and assesses the need for those processes and how efficient they really are.
This entry was posted in Business Hierarchy of Needs®, Continuous Improvement, Manufacturing and Distribution, Organizational Development, Strategy 5.0, Supply Chain Optimization, Value stream mapping, on March 4, 2020 -
What is OMNI Channel? – Where Does It Fit?
By: Jim Gitney
All of our clients are having OMNI channel discussions these days. Why? Because OMNI Channel is the front end of the supply chain and has a significant impact on supply chain optimization. These discussions are fraught with a lot of misunderstanding of what OMNI channel is and how it supports the company’s Market Effectiveness. Googling OMNI Channel delivers …Read More
This entry was posted in Business Transformation, Information Technology, Market Effectiveness, Strategy 5.0, Supply Chain Optimization, on January 25, 2020 -
Why Should You Care About Blockchain and IoT?
By: Jim Gitney
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 -
Digital Supply Chain Technology …… Are you leveraging it to the fullest?
By: Jim Gitney
“The world is a supply chain, every company has one and its backbone is technology.”
We just finished supply chain optimization projects for two middle market CPG companies. In one of the projects, we created programs that will reduce inventory by $15M and annual operating costs by $2.5M (You can read the case study here). …Read More
This entry was posted in Cost Takeout, Information Technology, Supply Chain Optimization, on May 10, 2019 -
Case Study: Sales, Inventory, Operations Planning (SIOP) Process Improvement – Order to Cash
By: Jim Gitney
- Reduce working capital by approximately $15M
- Lower yearly costs by nearly $2.5M
- Reduce lead times from forecast to delivery to 70-110 days putting them in the top quartile of their customer’s vendors.
This entry was posted in Case Studies, Manufacturing and Distribution, Supply Chain Optimization, Value stream mapping, on May 6, 2019 -
Digital Technology as a Strategic Asset
By: Shirish Nene
Companies today increasingly recognize Digital Technology and IT infrastructure as a strategic asset that provides companies with the ability to effectively compete in its’ marketplace – an observation underscored by the Nash KPMG 2017 CIO Survey finding that CIOs sit on 62% of executive boards as opposed to 38% in 2005. While their relative importance varies slightly from year to year, the C-Suite charter for Digital Technology consistently features the following items: …Read More
This entry was posted in Blockchain IoT, Business Transformation, Information Technology, Strategy 5.0, Supply Chain Optimization, Total Cost of Ownership, on April 19, 2019 -
12 Purchasing Best Practices
By: Jim Gitney
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, Value stream mapping, on April 14, 2019 -
The Need for Technology Succession Planning
By: Jim Gitney
Most organizations do Leadership Succession Planning at some level of effectiveness. Very little has been written about the need for incorporating technology succession planning and while technology leadership is part of the standard succession planning model, little is done about succession planning and skills development for subject matter experts, their supporting teams and successive upgrades and new technologies. Teams …Read More
This entry was posted in Business Transformation, Information Technology, Organizational Development, Strategy 5.0, Supply Chain Optimization, Talent Management, Value stream mapping, on February 10, 2019
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