Profit Mapping

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So far Profit Mapping has created 46 blog entries.

“DoD CIO and DISA Technical Exchange Meeting (TEM)” presentation, November 3, 2017, 9:00 – 10:30 am, Fort Meade MD USA

2017-10-10T20:56:05+00:00

On behalf of Defense Information Systems Agency (DISA), Innovation & Technology Office – Technology Reconnaissance Analysis Office (I&TO -TO2) and Department of Defense (DoD) Office of Chief Information Office (OCIO), Cloud Computing Portfolio Office, Menawat is invited to present a technical brief and DEMO at DoD CIO and DISA Technical Exchange Meeting (TEM), Fort Meade MD, in the National Capital Region (NCR).

Government participants are invited from across DoD and federal agencies, to include representatives from Office of Secretary of Defense, Air Force, Army, Navy, Marine Corps, DoD OCIO, DISA Directorates (OPC/RME/DBC/RMC/ISC/CAE/DRSI), Communications Electronic Command, Defense Threat Reduction Agency (DTRA), Defense Media Agency (DMA), Joint Program Executive Office for Chemical and Biological Defense (JPEO-CBD), White House Communications Agency (WHCA), National Security Agency (NSA), Joint Interoperability Testing Command (JITC), Veterans Affairs (VA), State Department and etc.

“DoD CIO and DISA Technical Exchange Meeting (TEM)” presentation, November 3, 2017, 9:00 – 10:30 am, Fort Meade MD USA 2017-10-10T20:56:05+00:00

“Supply Chain of the Future: A Collaborative Self-Organizing Network Including All Tiers,” panel at 2017 NMSDC Conference, October 24, 2017, Detroit MI USA

2017-11-18T16:29:51+00:00

Adam Garfein, VP of Business Development, will moderate the panel discussion about how Industry 4.0 technologies enable new forms of collaboration within companies and across all tiers of supply networks at the 2017 NMSDC Conference, October 22-25, 2017 at Cobo Center Detroit, MI. The NMSDC Conference is the nation’s premier forum on minority supplier development where over 6,000 corporate executives and professionals will convene to re-energize their collective efforts to certify, develop, connect and advocate the global corporate supply chain firms.

Panelists:

Christie Wong Barrett, CEO, Mac Arthur Corporation

Michael Bolger, Vice President of Strategic Planning, SET Enterprises

Lawrence Brown, Executive Director, LIFT (Lightweight Innovations for Tomorrow)

James Liegghio, Program Manager, Supply Chain Products & Services, AIAG (Automotive Industry Action Group

 

“Supply Chain of the Future: A Collaborative Self-Organizing Network Including All Tiers,” panel at 2017 NMSDC Conference, October 24, 2017, Detroit MI USA 2017-11-18T16:29:51+00:00

“Industry 4.0 Revolution – An Operational View: From Technology Wave to Business Value,” talk at Aerospace Manufacturing Conference, May 2, 2017, Dearborn MI USA

2017-03-22T20:06:26+00:00

Adam Garfein, VP of Business Development, will speak about how Industry 4.0 technologies can create a competitive advantage and present opportunities for innovation and cost reduction at the 5th Annual Aerospace Manufacturing Conference on May 2, 2017 at The Henry, Dearborn, MI. This Conference will bring together the leaders of major manufacturers and suppliers in the aerospace industry to discuss manufacturing operations, capabilities and processes, innovation within manufacturing, modern machining technologies, automation, and industry trends.

“Industry 4.0 Revolution – An Operational View: From Technology Wave to Business Value,” talk at Aerospace Manufacturing Conference, May 2, 2017, Dearborn MI USA 2017-03-22T20:06:26+00:00

“Industry 4.0: Opportunities and Risks for Your Business,” talk at 2017 MMPC, May 3, 2017, Detroit MI USA

2017-03-24T16:33:36+00:00

Adam Garfein, VP of Business Development, will speak about how to successfully navigate the opportunities while avoiding the pitfalls to bridge the gap between technology wave and business value at the 2017 Michigan Minority Procurement Conference, May 3, 2017 at Cobo Center Detroit, MI. MMPC is the state’s premiere B2B conference that focuses on connecting suppliers with major corporations. It features an action-packed trade floor with over 400 exhibitors, business development seminars, industry specific forums, and business consulting sessions.

“Industry 4.0: Opportunities and Risks for Your Business,” talk at 2017 MMPC, May 3, 2017, Detroit MI USA 2017-03-24T16:33:36+00:00

Industry 4.0 – What It Is and What to Expect (Nov 19, 2016)

2017-03-25T12:12:20+00:00

Terms such as Big Data, augmented reality, cloud computing and Internet of Things (IoT) have become a normal part of our lingo these days. Some people view such technologies as beneficial, whereas others are afraid of creating a dystopia for humans. There is, however, no dispute about these technologies accelerating in our business and personal lives.

In my last two blogs, we noticed that productivity growth has declined and that easy access to information has little impact in increasing productivity. Instead of providing better technology, empowering and engaging people is at the core of increasing productivity.

We know historically that technology and globalization are two essential components to drive growth and prosperity all over the world. But, if the technology is no longer increasing our productivity then is it a valid driver anymore? Furthermore, the emerging economies have gained the most over the last few decades while most people in developed economies are left behind in prosperity gains.

A historical perspective

Will the newer technologies continue to create the lion share of prosperity for the emerging economies and the upper classes of the developed world? A historical perspective is important to search for answers.

The second wave of industrialization occurred from late 1800 to 1960s creating prosperity with a lot of employment. The economy shifted to electrical power from mechanical power driven by water and steam that gave rise to the first industrialization. It became easier to create assembly lines for mass production that resulted in increased participation in the economy. However, the growth was most pronounced in the western countries predominantly.

From 1970s onward until now, in the third industrial wave, the growth drivers shifted to computers and automation. It required a shift in worker skillset and allowed more countries to participate in the growth and the economy became global. It placed a lot of stress on the lower skilled labor in the western world as they were now competing in a larger labor pool. But, the newer technology created an upsurge of employment resulting in a net positive. It required a bit more education and skill than before.

Industry 4.0

Today we are at the dawn of the fourth industrial revolution called Industry 4.0. We are at the cusp of integration among the cyber and physical systems. Data collection and analytics are transforming the companies to organize, operate and create value in altogether new ways.

Eric Schmidt of Google commented 6 years ago, that as much information was created in 2 days as it was from the dawn of man through 2003. His statement still bothers me today as it did then. The focus was on gathering data without knowing what to do with most of it. When you ask a manufacturing company the true cost of producing a product, they, unfortunately, have no idea. Most are still using the antiquated standard costing methods created at the dawn of second industrial era when no digital computers existed.

teamsblog4imageHow can we make better decision when we do not know the required imperative information? This is the challenge for assortment of Industry 4.0 technologies—pertinent data, proper analysis of data, and better decision making (see the attached picture). The central theme of Industry 4.0 is integration of disparate systems and creating a functioning whole with improved performance over its predecessors.

We already see some of this in play. Car sharing services like Uber, Lyft and others are creating a better customer experience. Autonomous self-driving cars are on the horizon. Other technologies such as augmented reality and additive manufacturing are creating a lot of possibilities. Big data, IoT and cloud computing are reshaping the software and information technology landscape.

Anil Menawat

Industry 4.0 – What It Is and What to Expect (Nov 19, 2016) 2017-03-25T12:12:20+00:00

Exhibitor at National Sustainability Summit 2017, January 31, 2017, Dublin Ireland

2017-03-25T12:12:20+00:00

Menawat & Co. is showcasing ProFIT-MAP™ software at the National Sustainability Summit, January 31, 2017, Citywest Hotel, Dublin Ireland. This is an annual event to hear speakers from international companies and to network with organizations offering cutting edge technology and services.

Exhibitor at National Sustainability Summit 2017, January 31, 2017, Dublin Ireland 2017-03-25T12:12:20+00:00

Increasing Productivity (Oct 17, 2016)

2017-03-25T12:12:20+00:00

In the last blog I explored that investments in information technology over the last few decades did not result in any significant improvement in productivity. So the obvious question is—Has all the investment been a big waste? The answer depends on who you ask.

If access to data and information is the goal, then IT investments are very successful. It launched a new industrial sector with many new companies and created a great deal of wealth. Today we have all kinds of data available on our smart phones and we can search obscure information right from our couches. Unfortunately, the easier access to data and information has created an illusion of increased productivity. We started to believe that all this new data would make for better decision making. But, as we saw in my last blog, the economic measure of productivity called Total Factor Productivity (TFP) showed little impact.

To many folks in traditional industries this is a compelling argument to dismiss the value of IT innovation so far. Thus we are starting to see a realignment of IT investments and resources. It has been an IT focused view so far. I, however, believe that is about to change as there is another side of this story still to unfold—it is called Industry 4.0. This new initiative is shifting the focus from data collection and retrieval to extraction of pertinent information required for decision-making and control. Instead of IT focused infrastructure, it is crafting organizations that are consuming information for targeted decision-making.

I will explore this fourth industrial revolution, which is already underway, in more details in my next blog. In the remaining space here I want to look at the proven drivers that do improve productivity. I will try to show how investments in Industry 4.0 should be aligned with the goals of the organization as a whole and not just for data centric view.

MANAGERS HAVE GREATER IMPACT ON PRODUCTIVITY THAN DATA

Managers, who mentor their people and provide clear guidance, have the single largest impact on workers’ productivity. A data analytics company studied employee retention by examining 1000 workers at a call center with 100 of their managers. They found that factors mostly affecting an employee’s performance depend on the supervisor to whom he/she reported. While some factors are attributable to the employees themselves were significant, but they played a much smaller role. Detailed analysis also found that no factors other than the supervisor and the employee relationship stood remotely close. This study was technology invariant since all teams had same technology. Technology was not an active factor thus no conclusions about technology could be made.

Other studies have found similar results. All factors that contribute to the increased productivity belong into two categories: (1) attitude, relationship with boss and work environment psychology, and (2) technology and tools. But, they all found that technology played a role only when the work environment was already good. The technology and tools do not amount to much without having a positive environment.

IMPORTANCE OF EMPLOYEE ENGAGEMENT

Managers play the most important role in creating a positive and effective work environment. Without the upbeat attitude to do a good job, there is no motivation to do so regardless of what tools and technology are provided. It is not hard to conceive that an ineffective manager can be the number one cause of low productivity. Unappreciated and disinterested employee not only have lower output but they also drag the overall productivity of the entire team. The role of people, particularly the decision-makers, is at the crux of improving productivity.

Every two to four years Gallup conducts a Q12 employee engagement assessment. It’s a scientific assessment to correlate employee engagement with business performance. In 2016 Gallup studied 82,000 teams in 230 organizations—including 1.8 million employees—in 49 industries and 73 countries. teamsblog3imageWork units in top-quartile with the best employee engagement outperformed bottom-quartile by 10% in customer ratings, 17% in productivity, and 21% in profitability as shown in attached chart1. Almost identical results were found in the previous study in 2012. Other studies such as from Bureau of Labor Statistics among others have also found similar results.

In the next blog I will explore the push into Industry 4.0, which many people view as technology creating a highly connected world. Many view this as the extreme automation where machines will talk to each other and leave us humans in the dustbin. I do not believe that viewpoint is remotely close what is to come. In the next blog we will dive into the data to show how automation has actually increased employment instead of reducing it, although with shifts in geographic as well as knowledge demographics. I will also share my perspective of the above findings in how the role of people will impact Industry 4.0 rather than the other way around. Stay tuned!

Anil Menawat

Increasing Productivity (Oct 17, 2016) 2017-03-25T12:12:20+00:00

Exhibitor at Automotive Manufacturing Meeting (AMM), November 15 – 17, 2016, Detroit MI USA

2017-03-25T12:12:20+00:00

Menawat & Co. is exhibiting at the Automotive Manufacturing Meeting (AMM), November 15 – 17, 2016, Detroit Michigan. AMM Detroit is a supply chain event that brings together auto makers, tier suppliers and contract-manufacturers.

Exhibitor at Automotive Manufacturing Meeting (AMM), November 15 – 17, 2016, Detroit MI USA 2017-03-25T12:12:20+00:00

Are MBE’s Ready for the “Internet of Things” (IoT) and “Big Data”, plenary session at NMSDC’s annual conference, October 25, 2016, Chicago IL USA

2016-11-28T23:38:04+00:00

Anil Menawat, President & COO, is a panelist on – Are MBE’s Ready for the “Internet of Things” (IoT) and “Big Data” Industries of the Future, October 25, 2016 at the McCormick Place, Chicago Illinois. The NMSDC Conference and Business Opportunity Exchange is the nation’s premier forum on minority supplier development.

When and Where:

9:00 – 10.00 am, Tuesday, October 25, 2016 at the McCormick Place, Chicago IL

 

 

Are MBE’s Ready for the “Internet of Things” (IoT) and “Big Data”, plenary session at NMSDC’s annual conference, October 25, 2016, Chicago IL USA 2016-11-28T23:38:04+00:00

“Going Global,” panel discussion at Global Strategy Day at NMSDC’s annual conference, October 22, 2016, Chicago IL USA

2016-11-28T23:34:07+00:00

Anil Menawat, President & COO, is a panelist on “Going Global” discussion at Global Strategy Summit at NMSDC’s 2016 Conference, October 22, 2016 at Hyatt Regency Chicago Hotel, Chicago Illinois. The NMSDC Conference and Business Opportunity Exchange is the nation’s premier forum on minority supplier development.

 

“Going Global,” panel discussion at Global Strategy Day at NMSDC’s annual conference, October 22, 2016, Chicago IL USA 2016-11-28T23:34:07+00:00
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