Author Archives: greg

#147 – ACHIEVING PROCESS STABILITY – FRED SCHENKELBERG

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ABC FredWhat Is Process Stability?

Everything varies. Your vendors provide components with a range of values. Your production process varies, too. Creating, monitoring, and maintaining process stability enhances your product reliability performance.

When I started my professional life as a manufacturing engineer, a senior engineer told me that we take a product design and can only make it worse. He said that, if we could make every unit exactly according to the nominal values of the drawing, every unit would work well. Continue reading →

#147 – ERM STATUS UPDATE WITH FEDS – GREG HUTCHINS

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Greg Hutchins

US Office of Management and Budget is releasing Enterprise Risk Management update to Circular A – 123 on July 15, 2016.

The new policy document is known as ‘Management’s Responsibility for Enterprise Risk Management and Internal Controls.’  The policy document requires an enterprise risk management program with operational risk controls.  The policy document is a game changer. Continue reading →

#146 – THE REAL REASONS WHY WOMEN EARN LESS THAN MEN – ELIZABETH LIONS

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Lions gold podiumStatistically, women earn less than men, but when you look at the same job and the same skill set, the wage disparity is lower than you’d think, according to Pay Scale.

Often the wage difference between men and women has little to do with skill set. Many times it all boils down to how a person perceives themselves and their self-worth. Confidence plays a big factor. Having the guts to ask for more money often equates to earning more.  Continue reading →

#146 – SUPPLY CHAIN RISK MANAGEMENT IS THE HOT NEW CAREER – GREG HUTCHINS

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Greg HutchinsThe idea of supply chain risk management has been around for about 10 years. It is only in the last 5 years, that it has become popular. We are still at the early stage of supply chain risk management adoption and deployment.

In terms of total dollar amount, external suppliers provide a significant portion of a manufacturer’s product. For U.S. firms, 50% to 80% or more of the final price of a product can be the cost of purchased goods.  In Japan, it can be even higher.

For these reasons, any supply disruption can kill a supply chain.  As a result, supply chain risk management is now critical to a company’s competitiveness.
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#146 – IT IS ALL ABOUT SURVIVABILITY – GEARY SIKICH

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Untitled1-150x150If you want senior management to pay attention give them something that challenges their focus – and understand that their focus is not on how many computers you have or RTO, RPO stats. It is on business survivability – will we be in business tomorrow given the issues that we face today.

What is more important to your organization’s continuity of operations – how many computers you have or where your competition will be coming from in the next five years? Continue reading →