Operations Article

Maria Guadalupe’s picture

By: Maria Guadalupe

Making mistakes and learning from them is par for the course for companies. But years of bad decisions could lead to the downfall of conglomerates.

In the case of General Electric, a major engine of America’s economy for more than a century, the firm shook investor confidence when it announced last year that it would have to slash its stock dividend in half—only the second time it had to cut its dividend since the Great Depression.

Nick Castellina’s picture

By: Nick Castellina

It is a great time to be a small business in manufacturing. Today’s digital disruption is about ideas, not major capital investments or facilities with sprawling footprints. Although it’s true that larger companies possess more resources, yet with the right technology, small companies can behave like large ones—while still retaining the agility that makes them perfectly suited to the digital era.

Guy Courtin’s picture

By: Guy Courtin

The digital age is well underway, and that accounts for every aspect of business. A 2016 Boston Consulting Group (BCG) survey says that companies that digitally transform their supply chains will be leaders in their industries.

Naphtali Hoff’s picture

By: Naphtali Hoff

A story is told about a reporter who was interviewing a successful bank president. He wanted to know the secret of the man’s success. “Two words: right decisions,” the banker told him.

“And how do you make right decisions?” asked the reporter.

“One word: experience,” was the banker’s reply.

The reporter pressed on. “And how do you get experience?”

“Two words: wrong decisions,” answered the banker.

Mike Richman’s picture

By: Mike Richman

There’s a big problem for companies within industry these days: the inability to monitor statistical process control (SPC) in real time. This issue manifests itself in several ways, and its effects are filled with risk for enterprises of all shapes and sizes. However, practical solutions are available in the form of tools to help automate many of the manual processes currently being endured by too many companies.

Ryan E. Day’s picture

By: Ryan E. Day

Advanced Integration Technology (AIT) serves the world’s largest and most technologically advanced aerospace OEMs and tier one suppliers, including Boeing, Airbus, Lockheed Martin, Northrop Grumman, BAE, Embraer, Spirit AeroSystems, Triumph, and Bombardier. AIT has facilities in the United States, Canada, Germany, Spain, and Sweden. Boasting multimillion-dollar contracts and multiple supplier awards from prestigious aerospace OEMs, AIT is a bona fide manufacturing superstar.

NIST’s picture

By: NIST

Augmenting its efforts to protect the nation’s critical assets from cybersecurity threats as well as protect individuals’ privacy, the National Institute of Standards and Technology (NIST) has issued a draft update to its Risk Management Framework (RMF) to help organizations more easily meet these goals.

Jim Benson’s picture

By: Jim Benson

Human beings are good at placing roadblocks to success and building plans that can’t be followed. We tend to fall back on our “common sense” or “snap judgement” which often makes us feel like our cavalier decisions were actually thought out. Yet, time and again, we find ourselves in deadline crunches, worried about upset customers, or angry with others because we didn’t get what we want or got it too late.

Dirk Dusharme @ Quality Digest’s picture

By: Dirk Dusharme @ Quality Digest

In part one we saw that China has made great strides in terms of product quality, notably in the tech sector. But it still has a long way to go in other products. Driven by the growing middle class, who like all middle class buyers want value for their money, and by the Chinese government’s desire to improve the tarnished “made in China” brand, there is a strong interest in improving product quality.

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