Manufacturing – Process Value Stream Case Study
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Manufacturing – Process Value Stream Case Study
By: Jim Gitney
- 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
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Lean Supply Chain Management – 2022 and Beyond – Supply Chain Hierarchy of Needs ™
By: Jim Gitney
Lean Supply Chains, while still important are not robust enough to meet the needs of today’s global supply chain requirements. Jim Gitney, the CEO of Group50 Consulting, discusses new requirements and methods for Lean Supply Chain Management and introduces the Supply Chain Hierarchy of Needs ™ as a guide to implementing Lean and Agile supply chain …Read More -
Objectively Picking The Right Manufacturing Location
By: Jim Gitney
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 More -
Industry 5.0, People – Process – Technology – Cobotics
By: Jim Gitney
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 More
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Managing Your Way Through 2020
By: Jim Gitney
In managing your way through 2020 it is imperative that you and your leadership team carefully plan the balance of the year. In this video presentation by Jim Gitney, the CEO of Group50 Consulting, who has been through 7 economic cycles during his career talks about a 3-phase approach to the balance of 2020. …Read More
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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
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Manage Your Business Like You Are Going to Sell It
By: Jim Gitney
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
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The Internet of Things – IoT : Making sense of Its Components
By: David O'Connor
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 -
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.
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Where Did My Lettuce Come From? – This Question Needs an Answer!
By: Jim Gitney
The Washington Post published an article about the outbreak of E. coli in lettuce on April 20th that stated: “Although the exact source hasn’t been identified, federal health officials have said information indicates that the contaminated lettuce was grown in …Read More
