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Various Topics

A Farewell Letter: shared successes and gratitude

31. January 2024

Dear colleagues, Today is my last day at Ashcroft. I would like to thank all of you for the wonderful collaboration and the many unforgettable moments we have experienced together. I am grateful for the opportunity to work with so many talented and dedicated people. I would like to thank my direct employees in the […]

Lean Management, Supplier Management

The Symphony of Master Data: How note writers are driving digitization in SMEs

30. January 2024

Have you experienced your business singing ? Are your master data up to date to ensure efficient business operations? As someone who has experience in the garment industry as a contract manufacturer in Tunisia and is a graduate engineer specializing in garment manufacturing, I have always used the garment industry as a reference. Although production […]

Lean Management, Supplier Management

Lean 4.0: Smart and Lean Production

25. January 2024

Interesting study by Fraunhofer ISI on the status of Lean 4.0 and Industry 4.0 in the German manufacturing industry ! Guiding questions To what extent do companies in the manufacturing sector use conventional lean concepts in production? What is the relationship between the application of lean concepts and the willingness to I4.0 of a company […]

Lean Management, Supplier Management, Supply Management

TIM WOOD and his Gang: How to expose waste and optimize the Supply Chain

23. January 2024

TIM WOOD and his two accomplices should be excluded from suppliers and your production! Nevertheless, they creep into companies again and again and cause waste. Operational blindness has also spread to the old industrialized countries, which promotes the penetration of waste. In emerging countries, people look with more alert eyes.   Who are TIM WOOD […]

Organization

Artificial intelligence and the future of work: An analysis of the World Economic Forum

18. January 2024

WHITEPAPER of the World Economic Forum Jobs of Tomorrow: Large Language Models and Jobs How to read the World Economic Forum matrix shown below? “The jobs with the highest potential for automation are featured in the lower box […] and overlap significantly with those that are expected to decline over the next five years, as […]

Organization

Windmills instead of walls: Harnessing change through AI

16. January 2024

“When the wind of change blows, some build walls and others build windmills” (Chinese proverb) In the West, we know the novel “Don Quixote” by Miguel de Cervantes and his adventure in the fight against windmills, which he considers to be giants, and the resulting metaphor “fighting against windmills”. One quote calls for change to […]

Controlling

Fundamental data and the falling oil price since October 7th

12. January 2024

What are the reasons for the falling Brent oil price since October 7th, despite the conflicts with Hamas and the threat to important trade routes? How were the price trends determined in the budget planning and how are they now secured? What influence do fundamentals have on the development of commodities? I assess that fundamentals […]

Organization

Animal metaphors: A new approach to visualizing corporate functions

21. February 2023

The use of animal symbols to represent different business functions is a creative way to highlight the unique qualities and challenges associated with each role. The lion, fox, and donkey symbols are particularly interesting. As a manager, I appreciate the insight that the donkey, with its traits of endurance and patience, represents the critical role […]

Unkategorisiert

Noise in human judgments: A deep dive

13. May 2021

In a fascinating New York Times article, the book “Noise: A Flaw in Human Judgment” by Daniel Kahneman, Olivier Sibony and Cass Sunstein. The book sheds light on the concept of “noise” in human judgments and decisions. According to Kahneman, “noise” is the unwanted variability of judgments. It is a systematic variance that is equivalent […]

Controlling

First steps into the world of Hedging and Forex: My experience with Michael Voigt

20. February 2002

Over the past few months, I have had the privilege of receiving very professional coaching from #MichaelVoigt #TheTrader. Our main goal was to understand the intricacies of the stock market and learn how to hedge #Commodities and #Forex. It was an intense and enriching experience that gave me deep insights into the world of finance and trading. The knowledge gained […]

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