Tag: lifetime

AscendEX Lists Polka City, POLC

BlockchainFebruary 11, 2022

AscendEX is excited to announce the Listing of the Polka City token (POLC) under the trading pair (POLC/USDT) starting on ...

Soaring rental prices make it even more difficult to save for a house

Real EstateFebruary 9, 2022

If you're paying more for rent, then you can't save as much as you might have been able to for a down payment.

The Top 15 Retail Trends for 2022

Supply Chain & LogisticsFebruary 7, 2022

The wonderful world of retail. As 2021’s holiday shopping statistics proved, pandemic or not, consumers are willing to spend. (My credit card statement will also attest to this fact). And while the year ahead may hold some challenges – try not to flinch too hard at the word “inflation” – it’s also full of opportunities. […]

What Separates “Vital Few Metrics” from “Nice to Know” Metrics – And What Can We Learn from Tom Brady…

Supply Chain & LogisticsJanuary 16, 2022

I was reading an article about Tom Brady today in the Washington Post and it led me to think about metrics in supply chain. How could that possibly be, you ask? What does how a quarterback preforms in football have to do with supply chain?

First, in case there are those who do not know who Tom Brady is I would just ask you to google him. Whether you like him or not as a fan you have to respect all that he has accomplished. We literally likely will not see another like him in our lifetime, or maybe ever, as it relates to football and longevity. 9 super bowl appearances, 7 titles and 13 AFC Championship games. When everyone thought he was done, he went off to Tampa Bay where he promptly won another super bowl. ( I will not list them all here but if you want to know all the records he holds, I found this website).

The article in the Washington Post was titled: Tom Brady is telling his own story and doing it at his own pace: (May require firewall). The general theme was the success of Tom Brady (Besides raw talent - which a lot of NFL QBs have had and have been far less successful) can be boiled down to just a few items:

His ability to focus on the mission in front of him.
His ability to ignore all the noise around him in terms of success (fan noise, social media noise, trappings of fame noise).
His discipline in controlling his time. Everyone wants a piece of his time but he rarely provides it. He does not have to be everywhere.

He trains in February to win the Superbowl a year later. That is what we would call medium to long term thinking and that is what metrics allow us to do in supply chain. If we focus on a few, remove all the noise by ignoring the "nice to know", eliminate our natural FOMO (Fear of missing out) instincts, identify the critical outcome (spoken in the terms of a customer) and then relentlessly monitor and improve, we can be like Tom Brady and win a lot of supply chain super bowls.

I believe people get in trouble in three areas when they devise metrics:

They are inwardly focused and not from the view of a customer
The critical few are not separated out from the "nice to know"
They do not have one or two (no more) clear outcome metrics. Using our football analogy, think of the outcome metric as the score of the game. All the individual stats that are produced (proudly by AWS) during the game are just input or driving metrics. They only matter if they indicate and predict what the outcome of the game will be.

Finally, we learn from Tom Brady (and Bill Belichick, the coach of New England) that it is all about improving. You win the superbowl by winning one game at a time and not dwelling on the negatives. My favorite press conference was after New England got destroyed by Kansas City one year and at the post game presser all Belichick said was, "We are on to Cincinnati". Meaning, the game with KC is done, over, now it is about improving and winning the next game. (Patriots ended up beating Cincinnati 43-17 and went on to win the Super Bowl)

Too often people are looking at "rear view mirror" metrics so much that while they are constantly reviewing the metrics they forget to look in the windshield to see what is coming next (Cincinnati). Sometimes you have to just learn then move on. A critical few metrics, where you isolate and ignore all the noise, will ensure you do this.

In honor of Bill Belichick, below is the press conference I reference. (You will have to go to YouTube to see these)

Have a great week!

As an added bonus, if you want to have a lot of laughs, here is a montage of all his press conferences which are epic:

Year in Review: The Top Crowdfunding Campaigns of 2021

CrowdfundingDecember 13, 2021

After another year of disruption, uncertainty and resilience, we have seen some amazing achievements from those who took the plunge to launch a...

Utility NFTs: NFTs with Real Muscle

BlockchainDecember 9, 2021

2021 saw the rise of the non-fungible token (NFT) market, making NFTs one of the most talked-about topics for the proverbial office cooler-chitchat crowd around the world. The burgeoning amount of money associated with it, spearheaded by the Beeple sale at Christie’s, makes it one of the fastest-rising assets during a time when the COVID […]

The post Utility NFTs: NFTs with Real Muscle appeared first on Coin Bureau.

Play-To-Earn and NFTs: The Future of Gaming? What you NEED to Know!

BlockchainDecember 2, 2021

As a gamer myself, I spend a lot of time (too much probably) imagining what the future of gaming will look like. I do have to admit that I have been very disappointed in the slower than expected advancement of gaming technology over the past 20 or so years. I remember playing Super Mario 64 […]

The post Play-To-Earn and NFTs: The Future of Gaming? What you NEED to Know! appeared first on Coin Bureau.

How to Launch your Blockchain Career Today!

BlockchainNovember 27, 2021

Cryptocurrency and Blockchain careers are trending at all-time highs and the industry is growing at a rate so quickly that hundreds of jobs are being advertised faster than you can type up your resume. In fact, a survey performed by LinkedIn in 2020 found that Blockchain skills were the most in-demand skills in the United […]

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Is taking equity in individuals the future of venture capital and human potential?

CrowdfundingNovember 12, 2021

News that the investment firm of former Facebook VP Sam Lessin, Slow Ventures, has invested $1.7 million in YouTuber Marina Mogilko has reinvigorated the debate over whether investing in individuals is a good idea. The deal gives Lessin 5% of Mogilko’s creator earnings for the next 30 years, but only if her earnings reach a […]

Chatbots in Banking: The New Must-Have in Customer Care

AINovember 9, 2021

For years, customers have been demanding more from their financial institutions. Covid-19, and the consequences that came from the pandemic only accelerated these customer demands. Consumers expect immediacy, personalized, and flawless interactions with their favorite brands and they expect the same from their banks.

The post Chatbots in Banking: The New Must-Have in Customer Care appeared first on Inbenta.

How to Optimize Factory Output Using Autonomous Machining System

IOTOctober 23, 2021

(Using 21st Century Techniques to tackle a 20th Century Mindset) A new model that is regulated with the 21st century is rapidly evolving, driven by...