What does product rationalization mean? It is the action of making a company, process, or industry more efficient, especially by dispensing with superfluous personnel or equipment.
Often, product rationalization is done behind closed doors within companies or even in the boardroom.
What happens if you don’t have product management? In the absence of product management, engineering steps into that role and determines whether or not a product can be created, not whether it should be created.
I hope you were able to see the 60 Minutes segment on the World Central Kitchen led by José Andrés. He is deserving of the greatest humanitarian award that exists. He has ideas for driving economic recovery in a COVID-19 world. He’s a doer, not a talker. He produces meals Read more…
Configurability and the back office black hole happens if no guidance is offered in the ordering process. Imagine going into a restaurant that merely tells you they serve “food.” They provide no insight into the type of food they serve. They simply ask you to tell them what you want. Read more…
An information technology department contacted me seeking assistance in selecting a new configurator software package. My response: before we can talk about the technology, I first need to understand your business and your business requirements as well as the needs of your customers and channel partners. What is the immediate Read more…
The Trump tariffs were imposed rapidly with little careful, deliberative thought. I spoke to a friend of mine who is a “CFO-type” and he remarked that many small businesses are going to get killed based on the tariffs. Not a very optimistic point of view but Dennis gets paid for Read more…
H&M Group, a Swedish clothing retailer with 4,300 stores globally at the end of 2017, has a major problem: US$4 billion of clothes that it can’t sell as a CNN article suggests. The board seems to be a bit paralyzed over what to do about this problem. They are afraid that Read more…
I’m often asked how part numbering systems evolved. This document is the result of these inquiries. Often though, the question behind the question deals with whether or not a company should change its part numbering system. Permit me to answer that question now. Gardner’s Law concerning Changing Existing Part Numbering Read more…