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2014-Aug: Operational Excellence by Design eNewsletter

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Operational Excellence
by Design
Issue: 8
AUGUST 2014
Paris-B&W-WAW“Operational Excellence is a state of readiness that is attained as the efforts throughout the organization reach a state of alignment for achieving its strategies; and where the corporate culture is committed to the continuous and deliberate improvement of company performance AND the circumstances of those who work there – to pursue ‘Operational Excellence by Design‘, and not by coincidence.”  -Joseph F Paris Jr; Chairman, XONITEK® Group of Companies

 

Biography        Linked-In        Blog        Executive-Team  

CHAIRMAN’S PERSPECTIVES 

Increase Quality, Increase Velocity – in Finance

By Joseph Paris; Chairman, XONITEK Group of Companies
Willie Sutton, a famous bank-robber during the mid-1900s, was once asked why he robbed banks. Willie responded, “Because that’s where the money is.

Contrast that with a commercial on television I saw, several years ago (perhaps it was even in the 1990’s) from a major American bank. The President of the bank was speaking to the camera and said, “Last year our bank processed over 10 billion checks accurately“. He then immediately corrected himself and said, “Actually, our bank processed one check accurately last year and then repeated the process over 10 billion times“. I am sure he did not realize it at the time, but he was directly speaking of “velocity” of Lean and the “quality” of Six-Sigma.

What is remarkable is the transformation of “cold hard cash” having to be physically transferred when a transaction was made back in the mid-1900’s – to it all being bits of information exchanged from one financial institution’s computer to another’s as it is today. Indeed, a bank-robber might well starve today on what they might steal, which is probably the main reason why there are so fewer bank robberies today than there used to be.

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FEATURED EVENTS

September 23-25, 2014

London, UK

 

 Operational improvements that are low risk and high impact: Isn’t that what every business wants? So attend the 4th Annual Operational Excellence Energy Europe Summit and learn to drive value, optimise your operational processes and build a world class organisation. XONITEK’s Joseph Paris will be serving as a featured speaker.

September 28-30, 2014
Manama, Bahrain

Held under the patronage of the National Oil and Gas Authority, will bring together leading IOCs, NOCs, EPCs Petrochemical companies, Technology Providers and Management Consultants to share insight and deliver solutions ensuring the GCCs status as a leader in operational excellence.  XONITEK’s Joseph Paris will be speaking.

  European TPM® and Similar Systems in Practice Conference

October 7-9, 2014
Budapest, Hungary

Our goal is to help those professionals who are making a continuous effort to improve their company’s productivity. The conference will provide a forum for all to share achievements, & discuss difficult issues. By learning from each other’s experience the best practices will soon spread through countries or even continents. XONITEK’s Joseph Paris will be presenting.


OPERATIONAL EXCELLENCE

Complexity Creep Impact

By Sam Yankelevitch

It seems not too long ago, many businesses were only local and could be managed directly. However, in a quest to reduce costs and grow sales, businesses have graduated to global status. You might say this is great because the limited market once covered has now expanded exponentially and many more sources of supply have developed.

This expansion into the global arena comes with many good things, as well as other things that have to be carefully digested and considered if we want to ensure operational excellence which once was dealt with at a local level.

I refer to a process called “complexity creep” and will expand specifically on its impact on engineering drawings, IT systems and some cultural nuances that present new opportunities for waste and also impact operational excellence.

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7 Ways to Identify Humility vs Arrogance in Leadership

By Carey Lohrenz

Can you be confident, aggressive, and humble? Yes you can. Unfortunately, humility is often overlooked in leadership discussions. And yet it is one of the most powerful virtues.

As one of the first female F-14 fighter pilots in the U.S. Navy, operating in one of the highest pressure, most extreme environments imaginable, I can assure you that there was more testosterone, more ego and more confidence in one carrier-based fighter pilot ready room than in an NFL locker room.

Click here for full article   |   Book Available for Pre-order  


TRUST ME – I’M AN ENGINEER 

The Lighter-Side…
  
(click on picture to enlarge)


Contact the Editor

You are getting this eNewsletter because; you subscribed, are a member of one of the internet communities managed by XONITEK, or met someone from XONITEK.  Please feel free to contact me if you have any questions or comments related to this publication – or if you might be interested in submitting an article for consideration in the eNewsletter.

 

Sincerely,
Trinity DeMars – Editor & Director of Operations 


OpEx Society & Industry Events

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OpEx Discussion

Linked-In


XONITEK
In the News 

 

 

LMJ Board Member and XONITEK’s Chairman, Joseph Paris, discusses the tribal nature of people and how it hinders the scaling of lean in business.


Thought Food

Ted-Wide
Julian Treasure: How to speak so that people want to listen

Economist Logo

America’s Lost Oomph

China – Unplugged and Unproductive

Siemens: Fixing the German Dynamo

ReutersLogo

INSIGHT: GM recalls far from calamity for some dealers who find new customers, business

Bloomberg

 Half-Trillion-Dollar Exodus Magnifying U.S. Bill Shortage


Professional Organizations


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