How to start culture change...culture changes are much more complicated than they seem. Why? It’s simple: a culture is pervasive. It’s in every nook and cranny of an organization, and it has deep roots. It got the way it is over time, and (this is important) for legitimate reasons.
Small and mid-sized manufacturers (SMEs) have a secret weapon: it is easier for them to partner for growth by tapping into the power of their supply chain
You can complain about the skills gap, or you can leverage the 3Es and fix it. Here's how.
By Alec Pendleton, Big Ideas for Small Companies How much does it cost to operate your business for a day? I have two companies, a manufacturer and a wholesaler. It costs $34,000 each day to operate the manufacturing company, and $3,200 to operate the wholesaler. Why is that important? It serves as an instant indicator of profitability, and gives me the earliest possible warning of developing problems. The numbers are calculated very simply. They are the total annual cost of EVERYTHING BUT THE MATERIALS WE USE, divided by the number of days the business operates in a year. They [...]
