https://www.podbean.com/media/share/pb-quapg-123f8f1
Summary:
On this episode of Where There’s a Will, There’s a Way, host Will Crist talked with Mike Ryan, a managing partner of The M. Ryan Group, which has 25 plus years of experience serving Fortune 500 middle market businesses by helping them create results through supply chain and operations optimization. Mike truly enjoys helping businesses figure out how to unfreeze their cash that is stuck in a proverbial “iceberg of inventory.” Throughout the episode, Will and Mike discuss how to crush the inventory iceberg, how to harvest cash from their inventory, and supply chain logistics.
Shownotes:
(1:21) Introduction to Mike Ryan
(2:28) Lead Times in Supply Chain
(5:38) How EOS Companies Deal With Supply Chain Logistics
(10:13) EOS Mentality and Delegation
(14:01) Living the EOS Life
(20:14) Issues with Inventory
(22:14) Just in Time Movement
(28:49) Bringing Companies Back to the United States
(30:52) Closing Thoughts
Links:
Quotes:
“It’s figuring out how do we look a little bit further down the road to understand what we have and what we don’t have so we can proactively plan around it.” – Mike Ryan, (2:19)
“If a business is running on EOS, they’ve got a process, they’ve got people, and most importantly, their accountability is defined…the results are going to be not as favorable and not as sustainable as a business that has people, process, and technology running in a framework like EOS.” – Mike Ryan, (5:54)
“…what I find so exciting is when people get clear about what their ten-year target, three-year picture, or one-year plan is. When they get clear about that…they can begin to compartmentalize the journey that they have rather than trying to do it all at once or carrying all that imagination.” – Mike Ryan, (11:38)
“When the predictability and repeatability goes out of the supply chain, the ability to do ‘just in time’ goes away with it.” – Mike Ryan, (23:27)
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