Showing results by author "Ade Asefeso" in All Categories

Supply chain competence affects your bottom-line in more direct ways than you might realize. In this book we reviewed the role of controlling cost of sales through supply chain competencies and its effect on the corporate financial statements.The balancing act of maintaining a high level of service and low costs is becoming harder for supply chain managers as businesses try to meet the growing customer mantra of "more for less". This pressure comes at a time when business is becoming more global, supply chains are lengthening, and competition is on the rise.

This audiobook explore storytelling for business managers and consultants presenting in the boardroom; what are stories, why are they so powerful, and how you can sprinkle some of that storytelling magic into your boardroom PowerPoint presentations.

Lean Six Sigma is a synergised managerial concept of Lean and Six Sigma that results in the elimination of the seven kinds of wastes/muda (classified as defects, overproduction, transportation, waiting, inventory, motion, and over processing) and provision of goods and service at a rate of 3.4 defects per million opportunities (DPMO).

The words "lean marketing" have been one of the buzzwords of business for a few years now, but beneath the buzzword lays a strong, successful and above all common sense strategy. The lean marketing process is actually nothing new. The business tactics it employs are all well-known and widely used. Despite this, most businesses do not follow them in any particular order or manner. What makes lean marketing special is that it organizes its techniques into a coherent, easy to follow strategy.

Board position opportunities are out there, and you will find out in this audiobook why you should consider searching. The biggest takeaway about looking for a board position: be realistic and be true to yourself and the organization. If you take your service seriously and act in the best interests of the corporation, you will be a successful board member, and you will play an important part in improving the overall level of corporate governance that exists in your city or country's corporate community and beyond.

One of the main reasons companies resort to outsourcing is it can significantly reduce costs. In the case of overseas outsourcing of manufacturing tasks, costs can be cut dramatically because there are lower wages and costs associated with managing and maintaining the manufacturing plants.

While there are a growing number of books based on the Toyota Production System, or lean, focused on healthcare, there are very few that detail the tools that make lean more than just a way of thinking and put the methodology into practice.

Reshoring is essentially the opposite of offshoring, it is a term used to describe the act of bringing back offshored manufacturing to a country. In the beginning of 2011, for the most part, most people thought that this was just impossible, that there would be no reshoring to the U.S. or UK, that everything was going to China, manufacturing was leaving both countries and it will never come back and I think the striking thing is how much that’s changed in the last three years.

When Ftse 100 Ceo's were polled and asked the question, "Are your sales people calling on the right customers, at the right time, with the right offer?" 99.3% responded, "I don't know." Which shouldn't surprise. Sales and Marketing are still the last bastions of protected turf, limited management scrutiny and lack of accountability.

In today's business environment, companies are being held accountable to a growing list of stakeholders who assess company performance against a variety of criteria, from financial and operational performance to labor practices and environmental issues.

There are some people who think there is no place for 5s Lean at home, just like those who say you can't bake without ovens! The 5S process of Sort, Set in Order, Shine, Standardize, and Sustain is a lean manufacturing process in use by the Toyota Production System for decades. The premise of 5S is to help organize and improve the conditions of a workplace, but this process can be used for your home as well. These steps can help you get your home organized now, and keep it that way.

South Korea has a motivated and highly educated workforce that leads the world in a range of high-tech disciplines. Seven percent of the country's GDP is spent on education and 74 percent of South Koreans undertake post graduate-level education. You will find workers in South Korea to be disciplined, hard working and keen to undergo training. South Korea greatly values its workforce highly and is keen to attract high-quality skills from overseas. It has recently relaxed restrictions on visas for overseas workers.

Non Executive Directors used to be caricatured as cronies of the Chairman (who is also a Non Executive Director) or CEO. Fat cats, freeloading members of the "old boy network", retirees who wanted to have somewhere to go other than the golf club for a decent lunch and a chat. Not an attractive scenario and for various reasons, but not least because of numerous serious corporate scandals where shareholders were left unprotected, the whole can of Non Executive worms has been subject to investigation.

Nigeria is located in West Africa and shares land borders with Benin in the west, Chad and Cameroon in the east, and Niger in the north. It is the most populous country in Africa and the eighth most populous country in the world. The capital city is Abuja and the three largest and most influential ethnic groups are the Hausa, Ibo and Yoruba.

Let me suggest a concept called: 5S. 5S is an organizational tool born out of the Toyota production system called Lean. The basic idea behind 5S office management is that a messy office is full of waste. Not only the waste you can see, i.e. the mess; but the time wasted in looking for the right file, your phone, eye glasses. You get the idea.

Agile and Lean Office are so deeply interwoven that if you are doing agile you are doing lean, and vice-versa. Those considering process change will likely find the description of the interrelatedness interesting and enlightening. The question should I use lean office instead of agile office is based on a false premise because office environments are complex systems. There can be thousands of integration points as information flows along a value stream.

Does the Emperor's New Clothes Fairytale have any meaning in today's sophisticated business world? If so, then this question must be answered and the lessons learned. Fairytales survive throughout the ages because of their clear moral and the truth they attempt to tell. If today's businessperson does not learn his lesson, an embarrassing part of his anatomy, usually reserved for sitting upon will be exposed, metaphorically speaking.

New Zealand continues to lead the rankings for the Ease of Doing Business and for Starting a Business respectively. New Zealand has an open-market economy, a stable political system, and has been recognized as one of the world's least-corrupt countries. This allows businesses to operate with confidence in New Zealand. Exporters to New Zealand should be prepared to adapt their business model to suit the nation's small population and geographic isolation.

Six Sigma goes in to the details of improving customer service, generating business expansion, and gaining knowledge about the service sectors business processes. Most service industries revolve around areas of finance, human resources, and sales and marketing. Hence, Six Sigma delves deeply into the subject of soft skills. Six Sigma can be applied to a company that provides housekeeping services. Firstly, the companies working processes would need to be understood.

Lean core idea is to maximize customer value while minimizing waste. Simply, lean means creating more value for customers with fewer resources. "More for less" Lean has a very extensive collection of tools and concepts. In this book we discussed the importance of these tools and our understanding of what they are and how they can help. This is an excellent way to get you started on your Lean Journey.