Dynamic Opex

The world of manufacturing 'start-ups'... What can we say here... tireless, grinding, selfless, not for the faint of heart... anything but EASY! ?? Having done four of them in the last five years, I can speak from experience... they can take it out of you but can also be some of the most rewarding and 'molding' endeavors in your personal/professional journeys. Here are the Top 5 life lessons I learned: 1) Humility: What you think you know doesn't count. Sometimes the education, years of experience, and past successes won't amount to a "hill of beans" when it comes to the GRIT required in building out a successful organization and the processes to support it. 2) Sacrifice: Not in the sense of giving your time and energy (that's a given), but in the way of putting your needs last for the greater good of what you and your team are building and what's to come. 3) Camaraderie: Building teams you TRUST and RESPECT are critical... you spend a LOT of time with these people and having each others backs through the good and the bad times without fail are imperative. 4) Resourcefulness: Sometimes you have to play the hand your dealt... when things don't go as planned you have to pivot, improvise and show creativity in order to move forward. 5) Perseverance: The internal fortitude you need or develop in the process is something that is a life skill and that you carry throughout your career. You will win some and loose some, but that doesn't define you... how you grow and learn from it defines you. For those manufacturing Start-Ups out there Dynamic Opex understands the challenges you face from all aspects of getting your business running! Visit our website: www.dynamicopex.com, follow us on LinkedIn and contact us today so we can help support you!

Thought provoking…

Key. Performance. Indicators. Ahhh, yes... everybody loves a good measurement on how the business is doing against a target. But does your organization have the right mix of LAGGING vs. LEADING KPIs? Do you know? Let's take a minute to define what both are and give some examples: Yes, there are lagging and leading Key Performance Indicators (KPIs), and they serve different purposes in measuring performance: 1) Lagging KPIs measure past performance and reflect the outcomes of actions that have already occurred. They show results after the fact, helping to understand the effectiveness of past decisions/actions and are easy to measure since they rely on historical data. The downside to these KPIs is that they are less actionable, since they describe what's already happened. Here are a few examples: ?? Revenue: Measures total income from sales, showing what was earned over a period of time. ?? Voice of the Customer (VOC): Indicates how satisfied customers were with a product or service based on past interactions. ? Employee Turnover Rate: Measures how many employees left the company, reflecting past HR performance. 2) Leading KPIs measure activities or metrics that predict future performance. They focus on helping to ANTICIPATE trends/results and give an indication of where things are heading. The downside to these KPIs is that they are more difficult to measure and less straightforward to interpret. Here are a few examples: ??Sales Leads: The number of leads or prospects generated, which can indicate future sales growth. ?? Statistical Process Control (SPC): Involves monitoring and analyzing real-time data from processes, such as product quality or service efficiency, by tracking variables like defect rates, process variation, and control charts. This allows businesses to take corrective actions before significant issues or defects occur. ??Employee Training Hours: Investing in employee development can indicate future improvements in performance or productivity. Using a combination of lagging/leading KPI's are integral for any business, but it's not a 'one size fits all' approach. Business size ($$ or headcount), culture, or strategy all play roles in what KPIs are chosen and what's important to measure and track. Using both types of KPIs together provides a more holistic view of an organization’s performance, combining both reflection and anticipation. Are you a small to mid sized company that currently struggles with KPI tracking and measuring? Do your KPIs drive RESULTS? Dynamic Opex specializes in KPI development, understanding, and culture integration to ensure the success of your business and profits! Like, REPOST, or FOLLOW Dynamic Opex for weekly posts like this to gain more understanding of our diverse portfolio offerings!

Let's talk mentorship... Have you ever woken up or reflected on your career and thought: "How did I get here?". What tangible actions did you take to progress (or regress) and what INTANGIBLE actions occurred that you were fortunate (or unfortunate) enough to benefit from? About a year ago, I asked myself these questions and I spent a lot of time... I mean A LOT of time to reflect on the answers. Then I started reconnecting... because the truth of the matter is that I wouldn't be where I'm at without valuable MENTORS. Mentorship isn't about grabbing drinks after work with colleagues, becoming 'buddies' with your peers or having an 'inside track' to progress up an organizations ranks without putting in the sweat equity. No, it's much deeper than that and plays a critical role in fostering growth, learning, and innovation across various fields. Here are some key points as to how and why mentorship is so critically important: 1. Knowledge Transfer: How many organizations fail at this? More importantly, how many LEADERS fail at sponsoring an early entry professional in order to pass down specialized knowledge and expertise from EXPERIENCE? If not for true leaders in my early career I'd be drastically behind the learning curve and competency build needed to understand business at a high level and industry dynamics within disciplines. 2. Cognitive Development: Research shows that mentorship enhances cognitive and problem-solving skills by exposing mentees to diverse perspectives and critical thinking strategies. This GROWTH can lead to improved decision-making and creativity. 3. Emotional and Psychological Support: How many leaders in today's environment often comment: "The workforce isn't the way it used to be!"?Well, no offense, but it sure isn't... and 20 yrs from now, it will be different again! Mentorship engagement provides encouragement, guidance, and feedback, contributing to the RESILIENCE of mentees. Mentors create CHANGE AGENTS for future workforces. 4. Professional Advancement: Mentorship is tied to career progression, but it's not a FREE PASS. Successful mentors challenge the status quo and give constructive feedback in a way that their mentees can understand to better problem solve, respectfully debate, and achieve higher productivity or success. 5. Innovation and Discovery: Mentorship creates environments where mentees can experiment, ask questions, and explore new ideas. This collaboration drives innovation and 'new ways of doing things'... with the eventual goal of the 'student becoming the teacher'. I've spent quite a bit of time THANKING the mentors that have influenced me over the years. Have you? Are you investing back into the next generations through thoughtful MENTORSHIP? Dynamic Opex can help you or your organization develop such strategies in order to scale and remain relevant in today's global landscape. Like us and follow Dynamic Opex to get more insightful posts weekly!

Whenever you find an opportunity to bring joy to others, seize it wholeheartedly. Little acts of kindness can brighten someone's day and create a ripple effect of positivity. Whether it's sharing a compliment, lending a helping hand, or simply offering a smile, your actions have the power to uplift those around you. Embrace these moments and make the effort to spread happiness, as it can make a significant difference in someone's life. - Grab your copy now of our Amazon Bestseller, Unlock The Hidden Leader, Become The Leader You Were Destined To Be. Unlock the secrets to becoming a transformative leader who fuels success in the workplace by clicking this link now ?? https://geni.us/4JmlQU. Available in paperback, ebook, hardcopy and Audio.

A good role model for entrepreneurs and startups!

Excellent to see Nova moving in this direction!

Absolutely Mark Greenhouse - Manufacturing Consultant, Coach... excellent post.

CompScience, a leading provider of AI-driven risk prevention solutions in commercial P&C insurance, has secured $27.6 million in a Series B funding round led by Sands Capital. The investment aims to accelerate product innovation, expand market reach, and scale operations to help organisations prevent serious injuries and fatalities (SIFs) in the workplace. The round also saw participation from Four More Capital, Working Capital, and Valor Equity Partners “This funding is a testament to the value we’re delivering to organizations that are committed to protecting their workforce,” said Josh Butler, Founder and CEO of CompScience. Read the full story here: https://lnkd.in/eG93tJ53 #insurtechinsights #insurance #funding #insurtech #investment

Everybody loves a good movie! If you haven't seen it yet, 'The Founder' (released in 2016) is the inspiring yet sometimes grim representation of how the McDonald's franchise was started by Ray Kroc. I'm not going to steal the punchline... just watch the movie... it paints a realistic picture of business that sometimes goes unseen by the general public. What I found most interesting in the movie is the real life use of Value Stream Mapping (VSM) and work flow! YES, a fast food restaurant, optimizing it's flow and processes as depicted in the below snippet. Now, this isn't your conventional VSM... I'm sure that some would say, well it doesn't include cycle or takt times, uptime, efficiency rates, etc. But that's not the point... the point is two LEADERS took the TIME and EFFORT to bring their TEAM together to look at current state of 'operations' versus a 'future' state and TOGETHER they optimized 'production'. And built an empire. Dynamic Opex understands the technicalities of Lean, but more importantly we see the critical role of leadership engagement to OPTIMIZE, EMPOWER, and IMPROVE. No matter what size your organization is or the product you make, our hands-on approach and real world experience can help add value and deliver results!