Body of Knowledge

  • Podcasts
    lean six sigma

    Episode 4 – The Outliers Inn – Logistics

    - by Operational Excellence Society

    Welcome to Episode 4 of the Outliers Inn podcast series – Logistics Topic: Logistics, what’s it all about?  It’s a lot more than that dusty warehouse scene at the end of Raiders Of The Lost Ark.  Join us as we talk about warehouse management, supply chain management, transportation and library stock management. Hosts: Joseph Paris, Founder of the OpEx Society & The XONITEK Group of Companies & Benjamin Taylor,  Managing Partner of RedQuadrant. Guests: David Schneider – We Are The Practitioners,  Ray Lally Listen here!  

  • Thought Food
    Lean Management Journal

    12 Common Mistakes that Minimize Project Impact and How to Protect Against Them

    - by Thomas Bertels

    CONTENT PARTNER CONTRIBUTION As seen in the Jun-2015 edition of the Lean Management Journal Projects are critical to develop new capabilities, transform existing processes, or implement new technologies, and many companies are investing significant resources in project planning and execution. In many cases, a formal programme management office is charged with overseeing the projects, but the actual return on this investment is less than it could be. In almost every case, the causes of sub-par results are the result of poor decisions. The following list highlights the most preventable failure modes and what can be done to prevent them: Stop…

  • Body of Knowledge

    Human Lean – Standardisation Creating a Talent Hot Bed

    - by Mark Gregory

    In a nutshell: The standardised work we are all so familiar with as being a cornerstone of a Lean philosophy does not produce quality, reliability and repeatability, it generates world class skill and the basis of a talent hot bed. Understand the process of world class skill generation and give standardisation a meaning. I have spent more time than I care to remember working on, developing and promoting the benefits of standardised work. The power of knowing the expected outcome of any process in terms of quality, quantity and ultimately cost, in combination with the ability to spot abnormalities against…

  • Thought Food
    banks

    PE deals hit as banks curb lending for leveraged buyouts

    - by Reuters.com

    For KKR & Co LP, the private equity firm behind some of the world’s largest leveraged buyouts, the acquisition of U.S. outdoor retailer Mills Fleet Farm for a little more than $1.2 billion should have been a formality. The New York-based firm was indeed very close to clinching the deal in late November. But then, the junk debt markets went into a tailspin, and banks shied away from lending for deals of this nature after losing money on the syndication of some leveraged buyout loans… To read more, click here. (Image source)

  • Thought Food
    spam email

    This is what happens when you reply to spam email

    - by ted.com

    We’ve all seen them lurking in our email inboxes… Unclaimed insurance bonds, diamond-encrusted safe deposit boxes, close friends marooned in a foreign country, and other clearly suspicious (not to mention too good to be true) spam emails. Your first thought probably entails deleting spam email immediately, never look back, and do not reply. But comedian and writer James Veitch had some mischievous plans of his own for these ruthless spammers. In this truly hilarious TED talk, he cleverly narrates a several-weeks-long communicative exchange with a guy called “Solomon” who offered to cut him in on an irresistible deal… To watch this…

  • eNewsletters

    Operational Excellence by Design eNewsletter – January 2016

    - by Operational Excellence Society

    Sponsored By Issue: 2016-1 JANUARY 2016 A Message from our Founder… Is it “Worth the Click”? Joseph F Paris Jr From the publicly-traded, multi-national conglomerates, to Girl Scouts selling their cookies (Thin-Mints rule), to the budding entrepreneur who opens a lemonade stand – and everything in between – there are all manner of companies and individuals offering a near infinite variety of products and services. And about as diverse as the companies and their offerings are the ways in which they attempt to build awareness (and the hoped-for resultant sales). The scope of this topic of marketing and building awareness…

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