Why don’t we treat the important physical assets of our manufacturing companies with the love and attention we would give a Lamborghini? Infrastructure may not be glamorous, but it is vital to your success. Depreciation is for accountants, not for operations.
If people want to be part of the gig economy, and more and more do every day, we manufacturers must integrate that option into our all-too-often stale staffing policies. Temps, employees, gig workers, consultants – they are 4 distinctly different type of working relationship. Know when to use which, and how to attract the best, for mutual satisfaction.
Transformation is a buzzword in common usage, but the word itself has real meaning. It is so much more than change. If you truly see the need to transform, the baby steps of improvement won’t get you there. Organizational mission (why) and vision (what) must reflect the future you are trying to create. Mission and vision are your True North. Strategy evolves, whether you are looking to transform or simply get better. Based on that, do you need to transform?
Yes, technology is a common thread to the disruption of many industries. But technology is the great enabler, not the focus. Socioeconomic factors, as in the first industrial revolution centuries ago, are the driver. Profitable manufacturing will require leveraging of emerging technology soon. You—the leader—must concentrate on solving important problems that needn’t exist, and only then consider the role of technology in eliminating them.