Incremental improvements are more or less feel good measures that say to management “there was a problem and we did this to solve it.” In reality, most continuous improvements have come from technology advancements, not from employee performance advancements. Has the continuous improvement mentality caused manufacturing to settle for mediocrity?
As we grow up, we often get wonderful gifts from mom and dad. Gifts such as intelligence, passion, communication and leadership skills. We also get gifts from different mentors, which can complement the ones from our parents. As adults, business leaders bring these childhood gifts — or lack thereof — to the companies they lead.
Boeing CEO Jim McNerney's compensation rose 15 percent last year to $21.1 million as the company rewarded him for better-than-expected profits and faster airplane production. McNerney's pay was disclosed in a regulatory filing Friday and analyzed by The Associated Press. It covered 2012, before battery problems emerged with Boeing's new 787 that have grounded the plane for two months and counting.
The turnaround expert who represented Chrysler during its successful restructuring is taking on one of the toughest fiscal tasks anywhere in the country: Fixing Detroit. Kevyn Orr, hired Thursday as Detroit's emergency manager, brings expertise from his work at one of the world's largest law firms plus the threat of Chapter 9 bankruptcy, which he says favors cities like Detroit when it comes to erasing debt.
As Hostess continues its bankruptcy auction process, the company has announced the lead bidders for many of its popular brands, including Wonder Bread and Twinkies. Food Manufacturing spoke with Professor Anthony Michael Sabino about the bankruptcy auction process and what it means for both buyers and sellers.
When Martha Paluch returned home to help run the family business her father had started with a partner in 1989, she experienced what might be referred to as “paper shock.” “I came back with expectations of changing times and going greener,” says Paluch, now a 25-year-old operations specialist at Phoenix Manufacturing, where her mother and brother also work.
Argyle often lacked reliable data to provide accurate billing, resolve customer disputes and account for the 26,000 cylinders they managed. The company struggled with these problems until a vendor introduced them to TrackAbout, giving them the confidence to invest in an advanced asset tracking system.
Many companies make the mistake of selecting a CMMS/EAM that addresses the short-term needs of primarily the maintenance department. This is not the best approach given the number and degree of changes that most companies go through over a relatively short period of time.
With a lasting economic downturn, it’s more important than ever to ensure that you stay on budget and within deadlines. And while some delays are inevitable — those caused by extreme weather, for example — it’s preventing the preventable that’s crucial for maintaining efficiency.
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