Manufacturing Today - Summer 2010 - (Page 18)

COLUMN BY ALAN KOSANSKY AND JOE LITKO M F G TOMORROW B USINESS VALUE S U P P LY C H A I N C ONTENTS D IALOGUE N EWS Time to Experiment use a tool to leverage value ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////// Executive-level business decisions include a broad range of interconnected variables leading to an extensive array of options. In the supply chain arena, this often plays out as a tradeoff between operating costs, working capital (mostly inventory), asset utilization and customer service levels. The challenge for executives, and it’s a significant one, is to reach a decision that will have positive outcomes regardless of the various scenarios. To accomplish this goal, it is critical to run M F G TOMORR N EWS A CCOUNTING C ONTENTS D IALOGUE K EY VARIABLE F U N D E M E N TA S U P P LY C H A I models that encompass a variety of possibilities when the future isn’t exactly as planned. This activity involves data crunching. It is designed to achieve the best balance of operating costs, inventory, asset utilization and customer service while lowering the risk of unsustainable costs. Macro models and Design of Experiments are underutilized approaches that can help business leaders understand value and risk at the highest level and lead to better strategic decisions. It would be ideal if companies could test every possible business and supply chain decision against all B USINESS VA 18 SUMMER 2010

Table of Contents for the Digital Edition of Manufacturing Today - Summer 2010

Manufacturing Today - Summer 2010
Global Strategies
Continuous Improvement
Smart Pricing
Supply Chain
Business Value
Moving Forward
Westmark Products
Byrne Dairy
Ultrafryer Systems Inc.
Wil-Rich LLC & Wishek MFG LLC
American Precision Fabricators
Aqua Products Inc.
Black Diamond Equipment
Columbian Home Products
Control Devices LLC
Endustra Filter Manufacturers Inc
Heil Trailer International
Assembled Products
Order-Matic Corp.
Professional Building Systems Inc.
Smart Start Inc
Bosal International
Ausco Products Inc.
Brodart Company
Cambrex Corp.
Chapin International Inc.
Cleveland Gear Co.
Consolidated Precision Products
Control Flow Inc.
Douglas Autotech Corp.
Fetzer Architectural Products
The FNA Group
Fourslide Spring and Stamping Inc.
G.A. West & Company
Great Lakes Power Group
Grimm Brothers Plastics
Legends Furniture Inc.
National Tube Supply Co.
Optex Systems Inc.
Sunburst Electronics
V.E. Enterprises Inc
W. Soule & Company
Manufacturing Tomorrow

Manufacturing Today - Summer 2010