Using 80/20 in your Crisis Rebound Strategy

Posted by Mike Lyle on Apr 28, 2020 8:45:58 AM

In Richard Koch’s 1998 book, The 80/20 Principle, he makes a rather stark statement reflecting on the events of today. “The tipping point is ‘the point at which an ordinary and stable phenomenon – such as a low-level flu outbreak – can turn into a public-health crisis’, because of the number of people who are infected and can therefore infect others. Since the behavior of epidemics is non-linear and they don’t behave in the way we expect, ‘small changes – like bringing the number of new infections down – can have huge effects…  It all depends when and how the changes are made.”

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Four Strategies to Use Now to Adjust and Improve Cash Flow During a Crisis

Posted by Jeff Allspaugh on Apr 24, 2020 11:10:23 AM

“The pessimist complains about the wind; the optimist expects it to change; the realist adjusts the sails.” — William Arthur Ward. 

Maintaining adequate cash flow is a major factor when operating a healthy business in times of growth and prosperity. During tough times it takes on an amplified role. The fundamentals of collecting on receivables, reducing expenses, reducing inventory investment, and the like are still in play, but these and different strategies need to be examined in difficult economic times.

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Training Within Industry: Job Instruction - Why Now?

Posted by Ed Huey on Apr 22, 2020 11:51:06 AM

The Defense Production Act may require you to shift production to a different product and therefore you need to rapidly train your team members.  Others may need to reduce their workforce and move team members to other jobs that would require them to learn new skills.  And, some companies are hiring so rapidly that they interview a person, hire them on the spot, and the person is working on the job the same day.  These new team members require to be trained on everything from safety, time keeping, to their actual tasks and everything in between.

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Do More with Less – The march of Productivity

Posted by Shankar Anant on Apr 15, 2020 3:11:12 PM

What is the post-Covid 19 workplace going to look like? How will companies thrive? In some ways, it could be a very different world from as recently as 2019; or it could be more of the same as the past decade or two. Or the past century. The march of productivity has been going on for a very long time.

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COVID-19 and Problem-Solving Skills

Posted by Shankar Anant on Apr 9, 2020 8:46:00 AM

COVID-19 has brought the world to its knees! For most people in the world, daily life has been disrupted in an unprecedented way. Besides the awful toll on human life, job losses, business failures, etc. are now becoming more prevalent. The impact on the global economy has barely begun to be measured.

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Four Key Elements of an Effective Risk Management Program

Posted by John Remsey on Apr 6, 2020 7:30:00 AM

Co-authored by IMEC Technical Specialists John Remsey, Ken Wunderlich, and Hanoz Umrigar.

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The 5S Game: Improve Productivity and Quality

Posted by Ed Huey on Apr 1, 2020 12:14:35 PM

Did you know that completing just the first "S" (Sort) of the 5S strategy may double your productivity? As you are thinking about navigating uncertain times and maintaining your productivity and quality levels, 5S can help!

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COVID-19 Pandemic: Manufacturers’ Greatest Time of Need

Posted by Simone Erskine on Mar 27, 2020 3:19:00 PM

IMEC and our partners are ready to serve you! The experts at IMEC have packaged the tools and resources you will need to survive current disruptions, while strengthening your business continuity plan:

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Short-Term Disruptions Can be a Catalyst for Innovation in Long-Term Growth Planning

Posted by Mary Mechler on Mar 25, 2020 10:26:35 AM

Short term disruption not only disrupts and interrupts business, but also our thinking in how we do business.  Disruption forces us to learn and grow.  It’s uncomfortable, even painful to endure, as we wish our circumstance was that of even one week ago, when our work was more comfortable and uneventful.

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What Is Manufacturing’s Greatest Challenge?

Posted by IMEC on Mar 9, 2020 12:22:18 PM

An original article by Nico Thomas, Performance Analyst for the Program Evaluation and Economic Research  group of NIST MEP.

Technology is the single greatest challenge (and opportunity) for the manufacturing industry … or is it? It’s true that technology has evolved and changed how manufacturers—especially small and medium-sized manufacturers—operate their businesses, in ways that even a few years ago didn’t seem possible.

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