Polaris Chemical Consulting LLC’s Post

🎬 𝐓𝐡𝐞 𝐀𝐝𝐮𝐥𝐭’𝐬 𝐓𝐚𝐛𝐥𝐞: 𝐄𝐩𝐢𝐬𝐨𝐝𝐞 𝟎𝟎𝟏 𝐰𝐢𝐭𝐡 𝐃𝐚𝐯𝐞 𝐖𝐢𝐧𝐠𝐞𝐫𝐭 Meet David Wingert a seasoned CEO/President and M&A executive renowned for his successes in the chemical manufacturing and distribution realm. 📺 𝐖𝐚𝐭𝐜𝐡 𝐭𝐡𝐞 𝐄𝐩𝐢𝐬𝐨𝐝𝐞: 𝘊𝘰𝘮𝘮𝘶𝘯𝘪𝘤𝘢𝘵𝘪𝘰𝘯 𝘢𝘯𝘥 𝘊𝘶𝘭𝘵𝘶𝘳𝘦 𝘋𝘳𝘪𝘷𝘦 𝘙𝘦𝘴𝘶𝘭𝘵s. Listen to how Dave articulates the importance of communication and culture. 🔍 𝐓𝐡𝐞 𝐏𝐫𝐨𝐛𝐥𝐞𝐦: Dave faced the daunting task of integrating multiple companies to capture growth and cost synergies. This involved streamlining products, commercial organizations, production, and distribution functions to better serve customer needs. 💡 𝐃𝐚𝐯𝐞’𝐬 𝐒𝐮𝐩𝐞𝐫𝐩𝐨𝐰𝐞𝐫: How did Dave conquer this monumental task? By distilling intricate strategies into digestible roadmaps and fostering a culture of collaboration. His ability to communicate effectively at all levels of the organization led to buy-in and trust. This paved the way for a governance rhythm that ensured progress, problem-solving, and seizing new opportunities. Dave's approach not only enabled operational efficiency but also instilled a culture of continuous improvement and innovation. 📈 𝐑𝐞𝐬𝐮𝐥𝐭𝐬: Dave's efforts have been pivotal in driving the ongoing success and growth of the companies he's led. I've witnessed firsthand the vibrant culture he's cultivated within his facilities, where employees are not just aligned but genuinely enthusiastic about reducing costs and driving growth initiatives. 🤝 𝐆𝐞𝐭 𝐢𝐧 𝐓𝐨𝐮𝐜𝐡: If you're involved in strategically buying, selling, growing, or operating a chemical company, Dave is the person to connect with. Reach out to him directly, or I can facilitate an introduction. 🍽️ 𝐖𝐡𝐚𝐭 𝐢𝐬 𝐭𝐡𝐞 𝐀𝐝𝐮𝐥𝐭’𝐬 𝐓𝐚𝐛𝐥𝐞? It's a platform where we spotlight the strategic problem-solving prowess of executives in regulated manufacturing industries. At the Adult’s Table, we eschew jargon and get straight to the point, sharing stories and insights that resonate with fellow executives. 🎤 𝐖𝐚𝐧𝐭 𝐭𝐨 𝐉𝐨𝐢𝐧 𝐭𝐡𝐞 𝐒𝐡𝐨𝐰? If you're keen on sharing your strategic insights with our audience, don't hesitate to reach out to me to explore if it's a good fit. 📲 Let's continue the conversation and unlock strategic solutions together! Please share with your network, follow me Ronald Eggert and Propellant Consulting on LinkedIn and YouTube. 𝐕𝐢𝐞𝐰 𝐨𝐧 𝐨𝐮𝐫 𝐖𝐞𝐛𝐬𝐢𝐭𝐞: https://lnkd.in/eAsuZAZD 𝐅𝐨𝐥𝐥𝐨𝐰 𝐨𝐧 𝐋𝐢𝐧𝐤𝐞𝐝𝐈𝐧: https://lnkd.in/dV7kB8Kz 𝐕𝐢𝐞𝐰 𝐨𝐧 𝐘𝐨𝐮𝐓𝐮𝐛𝐞: https://lnkd.in/ea7HPNx6 #Leadership #ExecutiveInsights #Manufacturing #BusinessStrategy #ProblemSolving #TheAdultsTable #Chemicals #changemanagement #communication

Recently whilst watching a quiz show and being surprised that one of the questions related to Parkinson’s Law, which states “work expands so as to fill the time available for it’s completion” this was coined by Cyril Northcote in an essay in 1955. This led me to share my observations as a Lean Practitioner and Operations Leader, here are a few strategies that will help identify and avoid the pitfalls associated with Parkinsons Law. Focus on Value-Added Activities: Identify and prioritize value-added activities that directly contribute to meeting customer needs the use of Yamazumi charts to capture the elements. By eliminating non-value-added tasks and streamlining processes, you can prevent work from expanding unnecessarily. Set Clear Goals and Deadlines: Establish clear goals, targets, and deadlines for production activities, such as Takt time. By setting challenging yet achievable goals, you create a sense of urgency and focus that discourages procrastination and excessive time allocation. Implement Pull Systems: Adopt pull-based production systems, such as Kanban, to align production with customer demand. By producing only what is needed, when it is needed, you prevent overproduction and avoid the accumulation of excess inventory. Standardised Work Processes: Document and standardize work processes to ensure consistency and efficiency. Standardized work provides a framework for optimal performance, reducing variability and preventing work from expanding beyond necessary bounds. Create a Culture of Continuous Improvement: Encourage continuous improvement and innovation at all levels of the organization. By empowering employees to identify and eliminate waste, you create a culture of efficiency and productivity that counters the effects of Parkinson's Law. By implementing these strategies, Business Leaders can mitigate the impact of Parkinson's Law and create leaner, more efficient manufacturing operations.

Advice on the new ISO 56001 standard for innovation management, published this week, from one of its authors: https://hubs.ly/Q02Ppxp90

Are you utilizing the most up-to-date and effective thinking for continuous improvement? Check how your business can get more from continuous improvement. https://bit.ly/3UErP3v #continuousimprovement #opex #operations #manufacturing #LEAN #sixsigma

[Case Study] Strategic Transformation Initiative for a Mid-Sized Chemicals Firm This case study examines the scenario: The organization in focus operates within the specialized chemicals sector and is grappling with the challenges of market volatility and increased global competition. In recent years, the company has encountered stagnating growth and eroding market share, prompting the need for a comprehensive Corporate Transformation. Internal efforts to innovate and optimize operations have been insufficient, leading to a pressing need for strategic overhaul to reposition the organization for sustainable growth and resilience. Given the organization's stagnant growth and competitive pressures, initial hypotheses might focus on a lack of differentiated value proposition, inefficient operational processes, and a potentially misaligned organizational structure. Furthermore, the company's innovation pipeline could be insufficient in driving new growth areas, while the culture might not be conducive to the agility required in today's volatile chemical industry market. The journey towards an effective Corporate Transformation can be guided by a proven 5-phase methodology, commonly utilized by leading consulting firms to ensure a structured and thorough approach. This methodology not only facilitates a deep understanding of the current challenges but also helps in crafting a strategic roadmap that aligns with the organization’s long-term objectives. Assessment and Benchmarking: A thorough diagnostic of current operations, performance metrics, and organizational health is conducted. Key questions include: How does the organization's performance compare to industry benchmarks? What are the gaps in the current strategy and execution? Strategy Formulation: Development of a robust Corporate Transformation strategy that is informed by the assessment findings. This involves identifying new market opportunities, redefining the value proposition, and setting clear strategic priorities. Read the full case study here: https://lnkd.in/dZeJjc22

Recent surveys by Chemical Week by S&P Global and ARGO-EFESO report over 60% of chemical industry leaders are dissatisfied with performance and earnings, and all are very concerned with talent loss, further impacting operations efficiency, stability and profitability. In these challenging times, leading companies are standardizing and simplifying global operations work processes including plant operations, maintenance, reliability, and quality, to create a unified and efficient operating model. Results are significant including productivity gains of 15-20%, additional capacity release of 5-10%, and standard work instructions to quickly onboard new talent. Read ARGO-EFESO's latest article to learn how your organization can rapidly implement standard work and a more efficient organization model to enhance operational performance and effectiveness.

Discover how to slash total cost of ownership for durable labels with a streamlined label management approach. Learn about ongoing process improvements in our latest blog. Click the link below to optimize your TCO. #labels #TCO #manufacturing 🔗

Remember, continuous improvement requires the right efforts in the right order. 💯 1️⃣ Reduce rework 2️⃣ Identify where the bottleneck is happening 3️⃣ Provide better information where work is done 4️⃣ Improve physical flow 5️⃣ Add new technology

Remember, continuous improvement requires the right efforts in the right order. 💯 1️⃣ Reduce rework 2️⃣ Identify where the bottleneck is happening 3️⃣ Provide better information where work is done 4️⃣ Improve physical flow 5️⃣ Add new technology

Remember, continuous improvement requires the right efforts in the right order. 💯 1️⃣ Reduce rework 2️⃣ Identify where the bottleneck is happening 3️⃣ Provide better information where work is done 4️⃣ Improve physical flow 5️⃣ Add new technology