Jul 27 2016
How Does This All Play Out?
It is a seemingly simple question, but one that is not asked as often as it should be. It challenges managers to consider the responses of other stakeholders and think beyond immediate consequences. It checks their “bias for action,” and makes them take a pause to think farther than one move ahead.
If you outsource an item, for example, will the new supplier eventually morph into a competitor? What know-how might you lose? How will it affect employee morale? Are you putting your quality reputation at risk? The question is an invitation to work through multiple scenarios of responses by your suppliers, your work force, and your customers, reaching into the future.
Jun 29 2018
What Is Cost?
Costs are the object of heated arguments when working to improve manufacturing operations, with participants assuming that the notion of cost itself is self-evident while, in fact, they understand it differently and talk past each other. This is an attempt to bring some clarity to the subject.
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By Michel Baudin • Management • 4 • Tags: ABC, Accounting, Activity-Based Costing, Cost, Game theory, Lean, TPS