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Fire Breaks Out at Ford Assembly Plant

January 27, 2012

AVON LAKE, OH—No one was hurt after a fire started in a storage bin at Ford’s assembly plant here. MORE

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September 17, 2020

Automated Screwdriving with Collaborative Robots

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The Lean Turnaround: How Business Leaders Use Lean Principles to Create Value and Transform Their Company

Few business leaders in the world have applied lean strategy as successfully as Art Byrne—and none has the ability to explain how to do it with such succinctness and clarity. Famous for turning around the wire management company Wiremold, where he rethought every aspect of operations from the customer’s standpoint, Byrne has successfully implemented lean strategies at more than 30 companies in 14 different countries.

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Supply Chain

The coronavirus epidemic has begun to disrupt the global manufacturing supply chain for a number of OEMs, including Airbus, Hyundai and Tesla. How resilient is your supply chain network?

Moderately resilient: We have good visibility to the supply network. It’s hard to justify investments to modify our supply chain footprint. We focus more on managing disruptions once they occur.

Highly resilient: We have good visibility to the supply network. We view flexibility and resilience as necessary investments. We can shift sourcing, manufacturing or distribution within our network fairly rapidly.

Not resilient: We are dependent on our existing sourcing, manufacturing and distribution footprint. We must find other ways to compensate for changing conditions. We have yet to invest in analytics to support network decision making.

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