Author: Profit Mapping

  • “Industry 4.0: A People Centric Perspective,” talk at Global Strategy Day at NMSDC’s annual conference, October 22, 2016, Chicago IL USA

    [fusion_text]Adam Garfein, VP of Business Development, is giving a talk, “Industry 4.0: A People Centric Perspective” 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.[/fusion_text]

  • “MAMA’s Aggregate Demand Model (ADM) powered by ProFIT-MAP Software,” September 21 & 22, 2016

    [fusion_text]Adam Garfein, VP of Business Development, provides a preview of “MAMA’s ADM powered by ProFIT-MAP Software” at two MAMA “Briefings for Prospective Suppliers“. Michigan Aerospace Manufacturers Association’s (MAMA) mission is to promote Michigan’s aerospace and defense manufacturing community within the global industry. Each event is a detailed briefing on the scope of the GMD project […]

  • Exhibitor at Hannover Messe 2016, April 25 – 29, 2016, Hannover Germany

    Menawat & Co. exhibited in the Digital Factory Pavilion at the Hannover Messe 2016 trade fair where we announced the release of our ProFIT-MAP software! Messe is the world’s largest industrial technology event held at Hannover, Germany every year. USA made its debut as a Partner Country this year where President Obama jointly opened the […]

  • Elusive productivity in expanding sea of information (Jun 13, 2016)

    [fusion_builder_container hundred_percent=”yes” overflow=”visible”][fusion_builder_row][fusion_builder_column type=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none”][fusion_text]In last blog I explored the role teams play in organizations. Team members work together with best intentions yet over time teams lose their productivity and do not perform well. Growth in […]

  • Tenth anniversary of “Profit Mapping” (May 5, 2016)

    On the tenth anniversary of the publication of our first book “Profit Mapping”, it’s time to reassess the message. We have heard from many of you and are very grateful for your feedback. Several of you wanted a more simplified and actionable approach to Profit Mapping so in 2012 we published our second book “Execution […]

  • Use True Product Costs to Improve and Sustain Performance (Nov 30, 2015)

    In a prior post we wrote about the critical importance of understanding the true costs of producing and delivering products and services. This knowledge is instrumental to profitably grow the top line and reduce costs without sacrificing customer expectations such as quality and on-time delivery. Whether the focus is to pursue growth, turnaround an underperforming […]

  • Product Costing is Key to Unlocking Growth Potential: How ‘Resource Use’ and ‘Access Costs’ Provide a More Insightful View (Oct 1, 2013)

    Profit Segmentation Nearly 40 percent of every company is unprofitable by any measure–a harsh conclusion drawn in an extensive study of corporate finances. The study also found that roughly 20 to 30 percent of the products are so profitable that they provide all reported earnings and cross-subsidize the losses. The rest of the company is […]

  • Is ERP a Dinosaur? (Sep 12, 2013)

    Enterprise Resource Planning (ERP) software has served companies well for storing and retrieving data but has built-in limitations. Do these limitations make it a dinosaur? For instance, ERP: Is not designed for operational and business analytics. It is, therefore, a poor planning and execution tool. Has inflexible predefined workflows. Users hate ERP systems due to […]

  • Execution Dynamics Beta Software (Apr 9, 2012)

    I have seen a beta version of the new Execution Dynamics program and it is truly inspiring, not something you say about a piece of software every day. It’s going to be a huge hit because it’s a concrete manifestation of the Profit Mapping philosophy. An idea that was always well received by both practitioner […]

  • We’ve Been Busy (Apr 26, 2011)

    You may have noticed that we have not posted to our blog in awhile. We’ve been very busy with other writings! Forthcoming Book in 2012 Execution Dynamics: Align to the Customer Quantum for the Best Possible Business Performance Let us know if you would like to review an advance copy. We are always appreciative of a few […]