As the reality of the coronavirus pandemic becomes clearer to each family, community and business, we all know there is going to be a recovery period where supply chains face unprecedented challenges as they seek the new normal. For many, survival after the pandemic presents a daily battle against the unknown– but it doesn’t have to be that way. Regardless of your industry, we can help you survive in a post COVID-19.
I can assure you that when I started CCO, helping clients survive and bounce back from a global pandemic was not top of mind. But the reasons I did start this business were never more relevant than they are today as Coronavirus is a threat to the health of our people.
When a business struggles with its performance – and often its survival is on the line -- the first step is a turnaround plan. When the pressure is on, that plan needs the insights and experience of consultants who have been there before. What I encourage CCO’s manufacturing clients to ask themselves is: will my consultants give me a great plan, or will they do that AND work elbow-to-elbow with us to fully accomplish the mission – a rapid return to peak performance and profitability?
The concept of time as the most valuable resource isn’t new and struggling businesses should NOT waste another minute of time settling for “advice with no action” from their consultants. I hear from my clients and other business leaders is that it’s time to disrupt and re-define what an effective consulting engagement looks like.
One of our clients, a high-end car dealership, was about to embark on a five-site consolidation into one new facility. Seeking to avoid transferring known inefficiencies from the existing sites, the client engaged us at Cornerstone Consulting Organization (CCO) for assistance.
Cornerstone Consulting Organization recently appointed Mr. Adam DeBoskey to the role of Vice-President of Business Development. In this role, Adam will have primary responsibility for growing CCO’s consulting services business with both new and existing clients. Adam joins Cornerstone with more than 28 years of experience in sales, marketing, engineering, and operations in a wide variety of industries.
Controlling the flow of materials through your operation is key to maintaining a healthy bottom line. Your business is much like a bucket (inventory) with one faucet flowing in (raw materials) and another faucet flowing out (finished product) to customers. You want to control both faucets as much as possible to ensure your bucket never overflows or runs dry.
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In many ways, your company is a living, breathing organism. Think of your product as the food that keeps your company going. This means that the key to being financially healthy is to have the appropriate amount of product at all times.
Every business wants to be known for meeting customer needs because reliable companies foster loyal and happy clients. So, how do you keep your customers sufficiently supplied and happy? It’s all about right-sizing for maximum FITness.
Time is the most valuable resource in any operation. Why? Because it’s the only one that cannot be recovered once it’s consumed; it is the only true independent variable in life. Time cannot be managed or controlled, only wasted, so structuring work in a way that makes the most of the time available to your business is key in maximizing your efficiency and minimizing cost.