New Product Execution and Key Deliverables

In our last blog, we discussed the roadmap to a successful new product development effort. Here we will review things to do to improve your chance for success and to achieve the key deliverables. Waterfall vs. Agile One of the strategies worth reviewing at the outset is whether your process specifies a “Waterfall” or “Cascade”…

Learn from the Best in Data Management and Governance

We all learn from our past mistakes so we want to share some best practices that can help you improve any Data Management and Governance process. Here are several things to consider: Choose a Great Team Find your data heroes/stewards and work with them to build and communicate relevant, clear data policies. Don’t underestimate the…

Protect and Manage Your Data and Sleep Better at Night

Data Security We’ve all seen the horror stories of data and security breaches where personal information held by large companies has been put in jeopardy by hackers. But what are your vulnerabilities? Consider this possible scenario: Several people in your organization buzzing about an employee who had just been fired. The employee found and accessed…

The 4 Ps of Data Management and Governance

A key realization for your organization, and any well-run company, is the knowledge that your data is an asset and you need to be ready to take the necessary steps to ensure its value is protected. There are four basic steps you need to consider for Data Management and Governance excellence. There’s no mystery to…

4 Key Steps to Win the New Product Introduction Race

The best way to bring your new products to market in a timely and successful manner include these four best practices that should be embraced in all New Product Introduction Charters. Define Requirements One of the single most important aspects of a successful product development effort can also be the most demanding. Defining ALL the…

3 Steps to Successful New Product Development

Most successful manufacturing companies continually release a stream of new products. These new products are an essential key to growth and future revenue sources. A void of something which attracts new customers and provides a reason to retain past customers can spell doom for an enterprise. Hence, a robust, speedy and reliable new product development…

Strategic Sourcing – Assess for Improvement Opportunities

Once you are organized for success (see previous blog), the next step is to dig in and find as many opportunities for improvement as you can. In order to develop a portfolio of opportunities, you must evaluate the data available to determine what improvements can be made. In our Roadmap, you can follow these steps:…

Data Management and Governance – The Path to Success

The road to successful data management and governance begins with a belief that your data is a company asset and a commitment to ensure its value. This commitment will require a collaborative approach throughout the enterprise as well as having the right detail-oriented resources to tackle the challenges. What’s Driving your Requirements? You must decide…

Strategic Sourcing – Organize for Success

The eight Strategic Sourcing steps that we have identified can be grouped into three areas of focus: 1. Organize for Success; 2. Assess for Improvement Opportunities; and 3. Deliver Results. In order to get off to a great start, you need to organize for success. This includes making sure that your organization and goals are…

Best Practices for Ensuring Success of Your Lean Implementation

Following best practices for Lean Implementations will provide the greatest chance of success. But what are the best practices and the lessons learned from thousands and thousands of projects? There are many, but several core principals can be applied to your business. Seek Out Waste Reduction Classic LEAN teachings refer to seven different types of…