Consumer goods product manufacturer and distributor Primary channels: Regional and national brick and mortar stores Secondary channel: On-line Year 1 Year 2 (YOY) Year 3 (YOY) Sales % 100% -2% -14% EBITDA % 100% +31% -161% Year 1 Outsource high labor cost...
If you have cash and credit facilities, here’s what you’ll need to do (if you don’t have adequate credit facilities, you’ll still need to do the same thing unless you’ve decided to liquidate). This is a process that will take a sustained effort and it’s scalable. Set...
During these awful times, I’ve heard the word “innovation” used a lot. Our Covid-19 task force leader and others have been using it during their frequent briefings. Most recently, I heard an example of the word being used when the Inventor and CEO of MyPillow®...
By George Strodtbeck – Stop for a second and think about your last product problem; your last customer complaint; your panic because your scrap rate was consuming a large share of your profit. Did you know why? Was it a problem with the assembly line? Did you...
“I know you believe you understand what you think I said, but I am not sure you realize that what you heard is not what I meant.” — Richard M. Nixon By Jim Longshore (VP at SBTI) and Mike Turner (Global Quality Mgr, DFSS at GM). Jim and Mike have coached or led...
I know Shakespeare really wasn’t talking about Lean or Lean Sigma, but he was right about the difficulty of decisions. It’s especially true of organizations that are fully engaged in continuous improvement or operational excellence. What’s the best approach to getting...
