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You've all heard that great strategy with poor execution is no better than poor strategy with great execution. Operational effectiveness requires excellence in both levels.My writings and podcasts have long focused on the strategic aspects of operations, specifically how to build a manufacturing business that endures. This episode reminds the listener of the laws of math and physics that impact near term execution.The book Factory Physics was written about 30 years ago, and updated several times since. Its primary intent continues to be for undergraduate and graduate students in Operations Management.To overlook its value for production leaders, plant managers, and financial leaders in manufacturing operations is a mistake.Most of you are likely familiar with multiple order quantity formulas, from EOQ to Kanban, even if you've only seen them as options in your ERP system. Any order quantity formula impacts operational effectiveness, as it is designed to determine inventory levels and scheduling.It can be overwhelming, and seem to require great judgement, to determine what to do next on what machine or with which supplier. The more inventory you see the uglier it gets. There are laws of math and physics that are true whether or not recognized. Those fundamentals can help you make better decisions, lowering costs and increasing throughput and on-time delivery.Batch size, equipment utilization, and work-in-progress inventory are all integrated. When the boss insists on high utilization because he wants to absorb overhead, he may not understand the secondary impacts on inventory, throughput and lead-time. You should. And a good boss does as well.As someone who worked her way up through shop floor operations to plant and divisional operations, I've found understanding the details required by operational execution to be of great value in setting strategy. No, I can't write out most of the equations without help anymore, but I know the concepts and what drives them.If you want to enhance the quality of your operations strategy thinking, don't turn your back on Factory Physics.
WBSRocks: Business Growth with ERP and Digital Transformation
For an eCommerce business, inventory is everything. If you don't have enough inventory, you might lose on opportunities. If you have too much, your cash may be locked with the inventory. If you are working with vendors, they will not work with you unless you are willing to work with their preferred minimum order quantity. But those MOQs must make sense for your business as well. In fact, MOQ will drive your sales and product bundling as well as you need to have enough margins and determine the appropriate MOQs that will make sense for your business.In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss MOQ and how to calculate it. We also discussed the differences in MOQ calculation for B2B vs. B2C, the difference between MOQ and EOQ, and how MOQ calculation is different in the DTC world. Finally, we discussed the correlation of MOQ and lead time, the best practices of MOQ when multiple vendors may exist for the same SKU, and the magic formula for coming up with appropriate MOQs for both buying and selling. For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
Devin Reed, Head of Content Strategy at Gong, knows that quota never sleeps -- even during the holidays. In this Celebrate replay, he reveals three devastating end-of-quarter mistakes and how to avoid them. He also gives data-driven action steps proven to increase your win rate and shares value-selling prompts that you can implement today. If you want to spend your holiday season cozying up by the fire and not putting out fires, this episode is for you.Key Takeaways:02:37 - 03:04 The 3 deadly EOQ mistakes06:04 - 06:46 How Gong unlocks reality06:47 - 08:46 Mistake #1: Selling during "Dead Zones"08:50 - 12:23 Mistake #2: Negotiating over email12:34 - 15:59 Mistake #3: Relying too much on driving next stepsWant to explore Revenue Intelligence for your org? It starts here: https://www.gong.io/revenue-intelligence/Keep your deals on track during the coldest selling months: https://www.gong.io/content/holiday-selling-guide/Connect with Devin Reed: https://www.linkedin.com/in/devinreed/Connect with Sheena Badani: https://www.linkedin.com/in/sheenabadani/
The end of a quarter (EOQ) is a critical time for fundraising. For many, a quarterly financial reporting deadline can mean an opportunity to demonstrate viability and momentum that could be crucial to the campaign. On today's "How To" episode of the Money in Politics podcast, Andrew shares some best practices for end-of-quarter fundraising so that your campaign can make the most of this opportunity.
Este modelo consiste en que se le ofrece al cliente un atractivo por comprar por cantidades, pero hay que tener en cuenta que el costo en la realidad no es lineal. Este modelo tiene como propósito obtener un descuento por cantidad, cumpliéndose los supuestos de EOQ, se puede encontrar la cantidad que minimice el costo total de inventario mediante la utilización del modelo. El presente video presenta un problema de descuento por cantidad que requiere ser resuelto con la formula y una vez obtenido los valores se escoge la opción que minimice el costo total para tomar una buena decisión
El modelo EOQ con faltantes, se basa en que la compañía permite que haya tiempos de espera entre un pedido y otro, es decir, que haya pedidos atrasados, de esta manera se supone que hay un tiempo donde la demanda no se satisface a tiempo y se produce una escasez. De todo esto, también en se incurre en un nuevo costo que es el de las unidades faltantes durante el periodo t. En el video muestra un ejemplo de una compañía que decidió operar con una política de inventario de pedidos en espera.
Fed tax credit it going into the second phase out, Bob Lutz says good things about the Model 3, Model 3 maintenance we answer viewer questions and much more! Links used in the show: Experience the Tesla Arcade in all Global Tesla Showrooms from June 18-30 (EOQ push?) https://www.tesla.com/event/experience-tesla-arcade Elon: Starting July, Tesla will charge $1K for black; simple white base paint will be free color https://twitter.com/elonmusk/status/1141409584457768960 Bob Lutz (!) impressed by Model 3 in Michigan https://www.roadandtrack.com/new-cars/a28008116/tesla-model-3-build-quality-bob-lutz/ CleanTechnica: Model 3 Maintenance Guide https://cleantechnica.com/2019/06/12/tesla-model-3-maintenance-guide-costs-even-lower-than-i-thought/ CleanTechnica: HW3 Deep Dive (it's a beast) https://cleantechnica.com/2019/06/15/teslas-new-hw3-self-driving-computer-its-a-beast-cleantechnica-deep-dive/ Vehicle sales in Norway: ICE down, EV up https://cleantechnica.com/2019/06/17/norway-updates-subaru-mazda-ford-sales-plummet-hydrogen-car-sales-frozen-tesla-sales-jump/ Tesla updates from China: 0% interest for 60 months; GF3 Phase 1 done, equipment going in https://www.teslarati.com/tesla-accelerates-model-3-push-gigafactory-3-target-china Elon will consider free FSD in Referral Program https://twitter.com/elonmusk/status/1141378360544641024 Simone Giertz builds a pickup from a Model 3 https://www.youtube.com/watch?v=jKv_N0IDS2A Order GetJeda Wireless charging pad: getjeda.com/ref/5/ Buying a Model S, X or performance Model 3? Use our owner referral code to get 1000 miles (1500kms) of free Supercharging Trevor's Referral: ts.la/trevor41818 Eric's Referral: ts.la/eric95497 Ian's Referral: ts.la/ian37694 Special thanks to our sponsor FEYNLAB for all your ceramic coating needs: www.feynlab.com Special thanks to Duliban Insurance for Ontario Tesla Owners: dulibaninsurance.com Special thanks to EVAnnex for sponsoring the show. Check out their awesome Tesla accessories at EVAnnex.com T shirts for the cause. Model 3 Evolve by Mad Hungarian teespring.com/shop/model-3-evolve-by-madhungarian Our Twitter accounts: Trevor @Model3Owners Eric Camacho @ecfix Ian Pavelko @IanPavelko Our Patreon page: patreon.com/model3ownersclub
Some discussion of Tesla's capital raise Tesla requested workers volunteer for EOQ delivery push Used Car Salesman Tactics Nearly 1-year anniversary of Elon's May 7, 2018 pre-market pump "Ross Bonds" (2025 5.25% original coupon, 8+% YTM)
Sistemas de Producción y Fabricación (umh1798) Curso 2012 - 2013
Ejercicio Quemasda. Asignatura: Sistemas de Producción y Fabricación. Grado en Ingeniería Mecánica. Profesor: Ignacio Mira Solves. Dpto. Estudios Económicos y Financieros. Área de Organización de Empresas. Proyecto PLE 2013. Universidad Miguel Hernández de Elche. Ejercicio de aplicación del modelo EOQ de gestión de inventario.
Sistemas de Producción y Fabricación (umh1798) Curso 2012 - 2013
Gestión de Inventario - Modelo EOQ básico. Asignatura: Sistemas de Producción y Fabricación. Grado en Ingeniería Mecánica. Profesor: Ignacio Mira Solves. Dpto. Estudios Económicos y Financieros. Área de Organización de Empresas. Proyecto PLE 2013. Universidad Miguel Hernández de Elche. Sistemas de gestión de inventario: modelo EOQ básico y ejemplo de aplicación.
Sistemas de Producción y Fabricación (umh1798) Curso 2012 - 2013
Gestión de Inventario - Modelo EOQ con Descuentos. Asignatura: Sistemas de Producción y Fabricación. Grado en Ingeniería Mecánica. Profesor: Ignacio Mira Solves. Dpto. Estudios Económicos y Financieros. Área de Organización de Empresas. Proyecto PLE 2013. Universidad Miguel Hernández de Elche. Sistemas de gestión de inventario: modelo EOQ con descuentos y ejemplo de aplicación.