EPISODE B5.004 Optimized Use of Materials

RESULTS RADIO..."Let's Grow Together"

Introduction
Good day and hope you are looking forward to a productive week.
This week we are announcing our new community - The Community of Commerce for all insiders. Everyone who has JOINED US and become an inside we are moving off of the weebly web platform to a community site on Tribe. 

This will provide an opportunity to share information, ask questions, and gain support for starting, growing, or exiting your business.

It is our version of the Chamber of Commerce - what it could have been instead of what it has become. This community has one goal - your success as a business owner to build generational wealth for your family. That growth will create more and better jobs in your local community.

It is a stand alone (outside the control of the arbitrary large providers) platform that provides entrepreneurs and business owners a space for the free and open exchange of ideas.

As a member of IBGR's Community of Commerce you can:

1. Follow other users including the OnAir Talent and Executive Team at the station.
2. Ask and answer questions about starting, growing, and exiting the business from our OnAir team and each other.
3. Follow any member of the Community to stay abreast of their latest business insights as well as building your own following.
4. Start discussions to stimulate input from other members of the Community.
5. Create and vote in Community polls.
6. Post and comment on posts and blogs.
7. Access and share content entrepreneurs and business owners can use.

We built this beyond the reach of the 'masters of the universe' so you can speak your mind.

On a closing note, if you want to know what drives everything we do - checkout this article: usatoday.com/story/tech/2020/07/23/yelp-says-half-restaurants-brought-down-covid-19-wont-reopen/5492283002/

And that is just restaurants - what about everybody else?
Have a great business week.
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Listen>Apply>Engage
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Show Objectives
​This next section might seem a little esoteric but by Stage V it has real utility.  Every company successfully completing Stage IV has many imbalances and overburdens in its processes.  This show will take on half of the production equation - materials. Next week we tackle the other half - labor.

If you are selling the business this step has minimal impact on the valuation. If you are reinventing - this is a very significant activity to increase retained earnings.
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Key Issues - Owner/Manager Perspective:

1. Negotiate the best deals at the last moment (customer demand).
2. Use suppliers' warehouse and transportation as part of the entire inventory. 
3. Manage the project pull of resources to meet demand

What You Need to Know

• Purchasing: create special relationships with suppliers to  'reserve' product in their spaces for later delivery and purchase at predetermined discounted rates;
• Inventory: demand based utilizing suppliers reserve storage and transportation as invetory resources, using FIFO accounting;
• Leveling: start and finish dates are adjusted based on resource constraints with the goal of balancing the demand for resources with the available supply. It is driven by the constraint created by Timeboxing Sprints;
• Smoothing: adjusts the activities of a project schedule so all the resource requirements do not go beyond what is available at the desired time.;

What You Need to Do​​

Shows

• Previous: EPISODE B5.003 USE OF AGILEAN TOOLS IN STAGE V
• Next: EPISODE B5.005 Optimize Use of Labor