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Lean management or agile? The right answer may be both
Has there even been a time when customers were more demanding of the companies serving them? Industry 4.0 technologies—many barely imaginable only a decade ago—have already enabled genuine breakthroughs in cost, convenience, and customization, creating extraordinary value for buyers while raising the performance bar for producers ever higher. And then there’s the volatility that never entirely disappears,…
How ERP Can Help in Lean Implementation
News reports over the last several months continue to paint a gloomy picture for today’s economy. Rising material and labor costs, weak consumer spending, and the collapsing housing market are hammering businesses nationwide. Many are looking for ways to re-engineer themselves in order to compensate for flattening growth. To survive, one must do more with the resources they…
Greece Sovereign-Debt Crunch: A very European crisis
When we think of Greece, we think of stature, mythology and tales of Zeus and Hercules. Greece today however, is a far cry from this. A country that has lived far beyond its means for quite some time. A country that has never recovered from recession, a country where one in 10 people are without a…
Outliers Inn; More COVID nonsense, computer hygiene, and more beer
In this episode, JP shares his experience with the “mandated” COVID test to come back to the States from Germany; apparently, it is on the “honor system” because nobody actually wanted to see the results. From there, we discuss the need for good “computer hygiene” after one of JP’s clients caught a “ransomware virus” –…
INSIGHT-Inside the battle at Germany’s Siemens
Tension in the highest ranks of engineering giant Germany’s Siemens had been brewing for months when top managers gathered late last month to review the state of the business. This, after the abrupt exit of 33-year long Siemens veteran CEO, followed by his replacement by and Austrian outsider. Even so, few could have predicted that…
Manufacturing Industry’s Real Enemy: Why Time Is The Biggest Threat You Need To Worry About
Whether political turbulence, economic challenges, or biological threats, we live in a world that is increasingly less predictable and where volatility, uncertainty, complexity, and ambiguity (VUCA) is the new norm. This has revealed vulnerabilities in the traditional business models and the manner in which organizations operate. Doing business as usual is no longer a viable…