A very powerful, but little used, statistical modeling method is Monte Carlo Simulation. Read on to see how practical and simple it can be to predict the outcome of a design before it is complete. One of my favorite tools, garnered from practicing Design for Six Sigma, is the Monte Carlo Simulation method.
Food processing mergers and acquisitions can be rough water to navigate, especially for plant floor employees and plant managers who initially might seem immune to the effects of such high-level corporate decisions. Recent changes at Kraft Foods Group and others can be instructive for those undergoing corporate changes in their own companies.
Better, and more polished, interfaces make it easier for more people to sit back and play iOS games or watch something on Netflix, they also create a dangerous abstraction — a distance between the user and the actual technology that functions it.
I have always been interested in learning styles and how people learn. If you read the literature on this subject, there is a lot of academic research on everything from neuro-linguistic programming to basic cognitive skills. Academics don’t seem to agree on a particular model, and appear to love writing theoretical research papers more than finding practical applications for education and training.
For companies in modern America and across the globe, the digital revolution is every bit as unsettling today as the financial crisis was in 2008. The ways in which we interact today are so different from what we have encountered in the past. Social media has given corporations and their products a face of their own; a presence that people can interact with and relate to, for better or for worse.
A simple way to identify the opportunities to make your organization operate more efficiently, with less wasted time and energy and money, is to seek out the connections between policy and process, and then simplify. To solve various problems, we only need to simplify the means by which we satisfy policy. The easier it is the fewer problems we will have.
French thinks “there’s going to be a lot of information technology costs associated with this,” in terms of leveraging big data and supply chain software to help better understand the sourcing picture. He also thinks that as more major manufacturers try to move toward conflict-free minerals, prices of those mined ethically could rise, leading to higher inbound costs for all companies.
It’s time to embrace the power of Kickstarter.com and like-minded sites that offer a crowdsourcing funding platform for new products attempting to enter the market. While the site is used to fund everything from films and music to new technology, Kickstarter has become a force to be reckoned with when it comes to the world of engineering start-ups.
By automating and streamlining processes from department to department or person to person, you create a holistic, integrated decision-making environment, where you can make proactive operational decisions at every level of your business.
I’m beginning to think that a key to more American jobs could be a closer connection between European and American businesses — if we can only understand what it is that makes our nation an attractive place to do business. To get a little context, let me share my recent experiences, and examine the lessons that might be learned from them.
I believe that creativity can’t happen without changing from a rigid organization that depends on control, rules, and a formal structure to a flexible and less formalized organization where employees are encouraged to take risks, experiment, and question the status quo without reprisal.
The right improvement methodology for you is the one that will defeat your greatest enemy. Most of us can name at least a generous handful of different improvement methodologies that have stayed for a while or come and gone quickly. With so much of a fad phenomenon in the improvement methodology track record, how do we choose one to adopt for our own needs?
For many of us, mobility is not some massive undertaking, full of risk and implementation time, rather an opportunity to fire off a few time-sensitive emails from the airport or view the inventory levels in our warehouse when a customer asks us about delivery timelines. It's about visibility, efficiency, and actionable business transactions — and it's time we shine our light on the benefits rather than just the expenses.
If the United States economy is to restore itself to earlier levels of full employment, prosperity and financial soundness, the American manufacturing community must engage in a national effort to resurrect its global competitiveness. Today, we are threatened by a new brand of economic imperialism, and the restoration of the competitiveness of the American manufacturer is a new kind of war we need to win.
Today’s trend of Midwest manufacturing declining is due to a triple hit: a Chinese ordering slowdown, a languishing European economy, and the domestic U.S. fiscal direction being up in the air with the presidential election. As a result, it’s no surprise that the ability to sell and grow the movement of manufactured goods is suffering, especially on international markets.
Great things are possible when bright, ambitious young people have the opportunity to apply skills and knowledge to real-world applications, and contribute meaningfully to the growth of a company, a sector — and ultimately the economic vitality of our nation. To engage this new generation, we must restore — and elevate — the U.S. manufacturing brand.
The dream of every manufacturer is an operations planning process that has high forecast accuracy, is very responsive to changes in demand, results in well-balanced supply and demand, and maximizes revenue. A plan created by such a process ensures that the organization is able to meet customer order metrics at the lowest delivery cost.
Engineers and programmers have been trying for decades to teach computers and other electronics to recognize handwritten text. Only in the last few years have the world’s largest software companies made significant progress teaching smartphones and tablets to adequately recognize handwriting and translate it into typed text on the screen.
Just because you have chosen to go with a cloud solution or a SaaS application doesn’t mean you will have guaranteed project success. The risk of IT failure still exists. As a result, organizations must realize that cloud does not mitigate improper project management procedure.
Recently, a metal worker made headline news, but not because of the quality of her craft or the dedication she showed on the job — she made headlines because she’s, well, a she. The skeletal remains of a female metal worker have been found in a grave in Vienna dating dating back to the Bronze Age (which began more than 5,000 years ago). Previously, it was assumed that only men worked in such fields during the Bronze Age.