Last week we explained how profit is used to drive growth, which is one aspect to your cash needs. But what are you going to do with the excess cash from your business? Your options include purchase assets, spend it on various expenses, hold it in an investment account, pay down debt, or give it back to the shareholders. (more…)

Let’s say, just prior to taking a commercial flight, that you are talking to your pilot and discussing the technical aspects of the trip. During the discussion, you learn that the plane only has one instrument gauge – an air speed meter. “We just like to focus on one thing, and be really good at it,” explained the pilot. “After we get really good at regulating our air speed,” the pilot continues, (more…)

Last week we covered the positive results of using lean tools to reorganize a production area.   The Bizmanualz manual and CD production area achieved a 75% reduction in finished product inventory, a 50% reduction in production time, as well as improved machine capabilities and reduced errors. (more…)

Last week we discussed Precoat Metal’s change initiatives. This week we will talk about the Colliers Turley Martin Tucker (CTMT) Data Center Facilities Team that takes their mission very seriously. 

CTMT is one of the nation’s most successful real estate and facility management companies, (more…)

Our recent articles have focused on innovation and change. To compete in today’s fast-moving world, both innovation and change are integral ingredients for process improvement and success. This month, we will talk about companies that have readily welcomed change and embarked on the process improvement journey. We will begin with Precoat Metals, which recently recognized an opportunity for improvement. (more…)

Your vision is starting to come together. Last week we reviewed your business model in the form of your end-to-end process design, which defines your organizations capability to deliver your vision. At this point you should begin to see a number of gaps between your (more…)

Last week we explored your vision for the New Year and produced an idea for a vision. Now let’s review your business model and see how your end-to-end process design stacks up to deliver your vision. (more…)

Why do training?

As an auditor, consultant, employee, and trainer, I have been in many dozens of different facilities. With that background I have been able to identify a common trait among companies that have strong business management systems, (more…)

I just got back from the ASQ World Quality Conference in Milwaukee last week (The next one is in Orlando next year). I had a great time and saw a lot of “quality” speakers. There was one speaker, (more…)

Last week we discussed a little about AS9100. You may have seen other ISO standards too. In fact, ISO standards are in use today by over 600,000 companies, worldwide. So what are they for and what is the real difference between them? (more…)