Value stream management (VSM) is a proven lean business technique that focuses on the value of software development and delivery initiatives across an organization’s software development lifecycle (SDLC).
I was speaking with a friend who is the Chief Operating Officer of a multi-national chemical processing company a few weeks ago. We were speaking about the various challenges that he is facing, which are not unlike the challenges faced by many companies. His most important goal was to maximize profits whilst minimizing inventory –…
ByHBR.org
Although continuous and sustained growth is universally pursued by organizations, the goal itself remains elusive for some. Many companies say they aren’t fully confident their company will realize its growth targets, while others yet do succeed in growing annually. To name some of these, companies like Amazon, Apple, Danaher, Haier, IKEA, Natura, and Starbucks are presented as having…
There are many jobs that are demanding. Some are demanding physically, some are demanding emotionally and some are demanding intellectually – often a combination. Regardless of your profession, almost all of them have one thing in common – when you are done for the day, you are able to set aside your work and enjoy time thinking…
Budget business insanity in government, public and private sectors is said to be the practice of management trying to reduce cost this year while still using last year’s processes.
Over the last twenty years, organizations have adopted many different improvement programs – TQM, Re-engineering, Lean, Six Sigma, etc. Despite working hard to adopt/apply the particular improvement methodology, very few organizations actually experience a true transformation and radically improve their competitive position. The competitive position typically stays the same since competitors also advance by adopting…
I believe it might be safely said without debate that the most important date in the history of Supply Chain and Logistics is April 26th, 1956. This is the date that the SS Ideal-X set sail from the Port of Newark in New Jersey (USA). Five days later, when it arrived in the Port of Houston in Texas (USA), marked the beginning of…
