ROI
Don’t be deceived into thinking your company is running smoothly.
Running a business, I have learned, is full of paradoxes. There are tasks that may be simple but not easy to do. There are tasks that are easy to do but not necessarily simple. And there are tasks that start off looking easy and simple but end up just confusing. Toughest of all, however, is remaining focused on what is critical to success. Focus too often starts off appearing both easy and simple, but then morphs into such chaos that one forgets what they were trying to accomplish in the first place – and why. At such times managers need to remember that no matter the type of initiative (simple, easy, focused, confusing), success boils down to best utilizing the invaluable three Ts: Treasure, Talent, and Time.
Treasure may seem obvious, yet when undertaking a new initiative it is often the most underestimated resource. Yes, everyone knows how to calculate the cost to purchase needed equipment and materials. And it is true those all around you (especially above) will hammer away to make sure every penny is accounted for and every penny of return is realized. What is more often than not underestimated, however, is how much treasure is required to make it through those rainy days caused by anything from a bad month to a lost customer to an economic downturn.
The HKPCA Show revealed just how far robotics for the PCB shop has come.
Industry exhibitions never disappoint, and during the last couple months of 2017 two of the biggest ones took place. Seeing the multitude of options that other parts of the world have in the way of equipment, materials and supplies is always staggering. I am always amazed how many suppliers of drill bits and drilling machines exist – matched only by the number of suppliers of via fill chemistries and paste.
Equally impressive is seeing what’s new. These days the really groundbreaking concepts, equipment and materials seem to be first launched anywhere but in North America, more often than not in Asia. While walking the aisles of the HKPCA Show in December and drooling over the multitude of opportunities to invest the capital dollars I wish I had, on equipment not available back home, I observed some interesting and definitely new equipment that was being described in a decidedly old way as robotics.
The HKPCA Show revealed just how far robotics for the PCB shop has come.
Industry exhibitions never disappoint, and during the last couple of months of 2017 two of the biggest ones took place. Seeing the multitude of options that other parts of the world have in the way of equipment, materials and supplies is always staggering. I am always amazed how many suppliers of drill bits and drilling machines exist – matched only by the number of suppliers of via fill chemistries and paste.
Equally impressive is seeing what’s new. These days the really groundbreaking concepts, equipment and materials seem to be first launched anywhere but in North America, more often than not in Asia. While walking the aisles of the HKPCA Show in December and drooling over the multitude of opportunities to invest the capital dollars I wish I had, on equipment not available back home, I observed some interesting and definitely new equipment that was being described in a decidedly old way as robotics.
Success comes not from the name of an efficiency plan, but its execution.
Business acronyms come and business acronyms go, and usually those acronyms are a snappy way to make an otherwise mundane business initiative sound exciting and new. Today the rage is FOD, which is short for foreign object debris (or if you are in the military, foreign object damage).
In the 1970s the acronym that every self-respecting corporate executive proudly promoted was “JIT,” as in just in time. JIT is basically doing what everyone was always trying to do anyway, but utilizing computer-generated data instead of less accurate, more intuition-based means. Adopting JIT systems and procedures was touted as the surefire way to improve customer service, an organized method to reduce lead times and improve on-time delivery. By touting JIT, you showed you were a progressive manager.
Quality is a must. Endless inspections are not.
I sometimes get this overwhelming feeling some things are heading backward. Some of that could be age, but regrettably there are times and situations decidedly not related to age, but highlighted by the experiences that have made me age.
Such is the trend currently taking place of customers who insist on verification and validation protocols that seem to accomplish only one thing: increasing the headcount at any and every company that supplies that verification and validation-gone-crazy customer.
Don’t get me wrong. I am all for producing quality product. Earlier in my career I was with a company whose owner early on embraced TQM (Total Quality Management) and all that went with it. The lessons of Deming, Shingo and the concepts of Kaizen, FMEA, value stream mapping, poka-yoke, Kanban, and Lean became our obsession. The result: reducing staff by 25% – mostly by attrition – while increasing sales 30%, mostly via shorter lead times and better quality. Oh, and costs went down too, way down. Yes, two of our organization’s three goals were delivering quality on time. Third and most important, however, was delivering maximum value to customers so we could be more competitive and, therefore, secure increased levels of business from existing and new customers. Continually improving quality and service required an organization to be Lean, efficient, and to reduce unnecessary and non-value-add processes.
Press Releases
- IDTechEx Report Unveils 3D Electronics Status and Opportunities
- Hon Hai Technology Group (Foxconn) Pledges 100% Renewable Electricity By 2040 and Joins RE100
- ZESTRON Academy Introduces Cutting-Edge SMT Webinar Series for 2024
- AIM to Highlight NC259FPA Ultrafine No Clean Solder Paste at SMTA Juarez Expo & Tech Forum