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
- Internally – reduction in the number of stock outs and their respective duration
- 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:
- EXECUTION – according to the plan & measurements
- ENERGY – denoted in the effort expended that ensures results will happen as planned
- 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!