|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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September 23-25, 2014
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
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
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.
|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
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Trinity DeMars – Editor & Director of Operations