Management
-
Perform an Annual ABC Analysis to Find New Profits
- May 19, 2024
- Posted by: David Marshall
- Category: Business, Management, Manufacturing
No Comments
According to the Pareto Principle (also called the 80/20 rule), you’re wasting a large portion of your time on items and customers that don’t actually have an ROI for you. That is, 20% of your customers bring in 80% of your results, and 20% of your inventory brings in 80% of your sales. Conversely, 80%
-
The Importance of Having a Mentor, No Matter Your Role
- December 27, 2023
- Posted by: David Marshall
- Category: Business, Leadership, Management
When you were coming up in your career, you no doubt had mentors, people who would help you in your job and prepare you for the next step in your career. These were people who were undoubtedly older, wiser, more experienced, and very knowledgeable. But does that stop once you reach the C-suite? Once you’ve
-
How Do You Coach a Reluctant Employee?
- December 13, 2023
- Posted by: David Marshall
- Category: Business, Leadership, Management
The problem with nearly every leadership and management book and philosophy is that they make one dangerous assumption: that your employees are willing and eager to be a part of your vision. They teach you how to communicate, how to lead, how to describe your vision, and how to get people to follow you in
-
How to Handle Firing Someone: A Practical Approach
- September 20, 2023
- Posted by: Nanette Gregory
- Category: Business, Leadership, Management, Manufacturing
Firing someone can be a challenging and emotional task for any employer or manager. You often have empathy for the other person, you're worried about their future and their family, and some small part of you (hopefully) is concerned about their well-being. But as the leader, it's your job to protect the company. You have -
Three Steps to Streamline the Hiring Process in the Digital Manufacturing Era
- July 19, 2023
- Posted by: David Marshall
- Category: Digital Transformation, Management, Productivity
Hiring workers, regardless of the era, has been all about people. Too many companies are trying to streamline the hiring process and automate it, and they’re missing some real gems. You can’t walk away from the interpersonal parts of hiring, but companies are trying, and they’re losing out on the possibility of hiring a superstar
-
Why You Should Provide Cross-Training to Your Employees
- June 28, 2023
- Posted by: David Marshall
- Category: Management, Manufacturing, Productivity
Cross-training is going to be a critical function of the work you do in your factory. Not only does it help your workforce and their mental health, it increases their skills and makes them more valuable to your organization. But more importantly, it also reduces the risk of injury. Years ago, when I was at
-
Increasing Productivity Doesn’t Always Mean Working Harder
- June 14, 2023
- Posted by: David Marshall
- Category: Innovation, Management, Manufacturing, Productivity
As much as I hate to say it, the key to increased productivity really is “work smarter, not harder.” But it’s more than just finding little tricks and hacks that help people do their job much faster, or having people start working a little faster than they were before. If you really want to increase
-
Your Associates Should Be Your Safety Experts, Not Your Managers
- May 31, 2023
- Posted by: David Marshall
- Category: Management, Manufacturing, Safety
Safety should be the number one priority in any manufacturing plant, but your managers should not be the ones establishing the safety rules. Your associates should be your safety experts, and they should be the ones making the rules and running the safety training program. After all, they’re the ones performing the tasks, and they’re
-
How Much Does a Safety Lapse Cost Your Company?
- May 17, 2023
- Posted by: David Marshall
- Category: Management, Safety
I’ve said before that Safety is my number one non-negotiable. A safety lapse costs money, but most importantly, it can mean an injury to the people working for you. A safety lapse can be as benign as someone cutting their finger or as severe as being killed on the job. The range of costs can
-
Remote Work is Hurting Professional Growth
- August 10, 2022
- Posted by: David Marshall
- Category: Leadership, Management, Productivity
Last week, I wrote about how remote work is ruining water cooler conversations and making it harder for people to have those simple conversations that lead to great innovations. I said: Or they have a company culture where it’s acceptable to pop in on a colleague at their cubicle or desk. In open-concept offices, people