published 10/05/2022 By Michael W. Gozzo Purchasing 1,113 Views

MAINTAINANCE:

This article will address the following points that will necessitate us to take action to ensure continuity of successful performance.

  • Conditions and situations will develop. They include technology, leadership, costs, and performance
    • The availability of improved communication tools for denoting transactional activities
    • Contractual clauses stating continuity of the program if there are changes in leadership
    • Same action for cost changes associated with holding the price – there needs to be an agreed reference for material pricing agreed to by both parties
  • Recognize change is going to happen. In doing so we need to establish the following:
    • Define the intended objectives
    • Monitor and evaluate the performance
    • Determine and initiate the corrective action
    • Incorporate the above points into the agreement to ensure the parties involved understand the performance expectations and their respective timing

    NOTING MEASUREMENT CRITERIA:

    This is an assurance that the measurements and their results will enhance the business performance.

    • What was the goal?
      • How many items to be involved INITIALLY and when to incorporate the next group (anticipated number of items)
      • What is the inventory value at the start and the subsequent incremental values.
        • Total inventory at start, during and after implementation
      • Expected operational improvements
        • Internally – reduction in the number of stock outs and their respective duration
          • The cost of performing the management of the inventory – before and after the initiation
        • Externally – customer satisfaction: denoting from what level to the new level and the timing of the accomplishment of that expectation
    • These measurements become the criteria for ensuring the program will succeed as intended.

    ENSURING SUCCESS:Having a successful program requires us to employ the three (3) “E’s”

    They are:

    1. EXECUTION – according to the plan & measurements
    2. ENERGY – denoted in the effort expended that ensures results will happen as planned
    3. EXCITEMENT – enthusiasm displayed as accomplishments are attained

    Measure and adjust based on your accomplishments to make sure we meet the expectations

    REMEMBER: THER ISN’T ANY LUCK, JUST THE OPPORTUNITY TO SUCCEED!