A few months ago, we highlighted visual dashboards for managing operations. As a follow up, we thought it would be interesting to ask the shop we implemented them into, how things were going.
If you’re planning on staying alive in the new economy, you’re going to need technology. Enterprise Resource Planning (ERP) is basically a business management software made up of a variety of functions including: inventory management, accounting, marketing, sales, customer relationship management (CRM), Billing/Invoicing, etc.
In this video interview, we learn from a small cabinet shop owner (Colton Rasmussen) and his positive/negative experiences of working with suppliers. Rasmussen Custom Cabinetry is a custom kitchen and bathroom cabinet manufacturing company that was started in 2012 by Colton Rasmussen,Curtis Leavitt, and Joshua C. Riedesel.
The Romans built one of the largest empires that the world has ever seen. How? The Roman army was both feared and respected. Wherever it marched, it conquered. It was the hammer that integrated the ancient world into one large empire.How does the Roman army apply to your business?
Your worst employee isn’t an employee at all, but it does cost you an “hourly wage”, misrepresent your company with it’s ugly face, and is standing in the way of your success. It’s common, and even popular in our industry to neglect “office stuff” and because of that, this ugly “employee” is likely one of your slowest, most ineffective “employees”. His name is data flow.
Disruptive innovation is a term that was coined by Harvard professor Clayton Christensen, and discussed in his book The Innovator’s Dilemma. You might think ‘disruptive innovation’ is about inventing something SO unique that it disrupts an industry. In reality, it has a much more concise definition, usually interpreted as a cheaper, simpler and more accessible version of a product or service for a completely different market share than the original, more expensive counterpart - which eventually overtakes the industry.
The Theory of Constraints (TOC) is a business theory introduced by Wolfgang Mewes (a German business economist), which was then further proliferated in the United States by Eliyahu M. Goldratt in his book The Goal, (a cult classic). In order to optimize profits at your shop, you need to understand this theory.