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Productivity is the act of bringing a company closer to its goal. Every action that brings a company closer to its goal is productive. Every action that does not bring a company closer to its goal is not productive.
Productivity is not about getting more done in less time. It’s about getting the right things done. The right things are those actions that move you or your company closer to the goal.
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In business, you have three primary levers – net profit, return on investment, and cash flow. You want all three levers to move in the right direction. A common mistake is optimizing for one of these metrics, which may inadvertently make one or both of the other metrics go in the...
In a warehouse setting, throughput, inventory, and operating expenses are proxy metrics that represent net profit, return on investment, and cash flow, the three levers of a business.
Throughput: the rate at which the system generates money through sales.
Bottleneck: a resource whose capacity is equal to or less than the demand placed upon it.
Non-bottleneck: a resource whose capacity is greater than the demand placed on it.
Because bottlenecks are the constraint in the system, if you waste any time o...
Although the 5-step process above can work in any organization, the exact details and application must be tailored to the specific circumstances and challenges in your organization.
The constraints that you face may not always be physical. There could also be intangible constraints, such as...
A manager has the ability to answer three simple questions:
Utilizing a resource means using a resource in a way that moves the system toward its goal. Utilizing a resource is a productive action.
Activating resources means using a resource, whether or not there is benefit from the work its doing. This explains why ...
At its core, manufacturing is a series of dependent events. Ensuring the right interaction between these dependent events is essential for the success of the manufacturing business.
To improve in manufacturing, you must optimize for the entire system, not just a local area. The reality is t...
"If you think education is expensive, try ignorance. " ~ Derek Bok
Your business is a system.
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Productivity is in your hands, in every decision you make every day.
To be more productive, flip the switch to self-check and de-prioritize the focus on external, irrelevant things by assessing the importance and impact of those things on your desired outcome.
Research is showing that being productive doesn’t bring happiness but that happiness brings productivity.
Practice smiling and soon enough you will be happier.
Try to think about just 3 things you are grateful for.
We are not a factory pumping out products. Our constant switching of context, and checking our smartphone notifications/email has a huge impact on our productivity, focus and our ability to get things done. We are rarely productive in the real sense but feel productive doing pseu...
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