Supply Chain Risk and Supply Chain Resiliency are very real threats to companies as they try to recover from the pandemic, or any other disruption. It’s a topic that most companies don’t spend a lot of time on. They expect their Tier 1 suppliers to manage this reliably deliver just in time with high quality and low cost. Over the last 50 years, supply chains have evolved into complex global networks that few companies understand beyond Continue reading Supply Chain Risk – Supply Chain Resiliency – Knowing Where You Are Vulnerable and Doing Something About it
The Group50 team and I are very proud of working with Wrap Technologies (WRTC) to design and implement a world class manufacturing and supply chain infrastructure for their BolaWrap 100 restraint device which significantly reduces the force required to subdue suspects – taking the brutality out of apprehending suspects and making policing safer. In this project, we worked with the WRAP team to implement their technology backbone, create their supply chain operating and management systems and design their manufacturing facilities and production cells. Made in America from the ground up. Seldom do we get this type of opportunity and we are focused on implementing more manufacturing in America.
Continue reading World Class Manufacturing and Distribution – Wrap Technologies – Group50
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. Continue reading Managing Your Way Through 2020
In the next few weeks, companies with under 500 employees will start receiving payments from the Paycheck Protection Act and all companies will continue to make important decisions on how to structure themselves to deal with the current downturn and prepare themselves for the future (Here is one view of the future Continue reading Leveraging the Paycheck Protection Act – Team Based Process Re-engineering
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 Continue reading Recession Planning and Fine Tuning Your Business Plan – Webcast
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 Continue reading What is OMNI Channel? – Where Does It Fit?
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? Continue reading Why Should You Care About Blockchain and IoT?
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, Continue reading The Internet of Things – IoT : Making sense of Its Components
“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). Continue reading Digital Supply Chain Technology …… Are you leveraging it to the fullest?
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 Continue reading Case Study in Sales, Inventory, Operations Planning (SIOP) Process Improvement