Inventory too hot to hold

For companies inventory management is essential as their exists economic downturns and upturns. These trends in the economy can drastically effect company cost as holding onto inventory can become expensive. Demand is often a difficult thing to get correct. We see many companies looking to sell and reduce inventory as soon as predicted demand for goods do not pan out the way they suspected. Often times the ridding of inventory is a difficult task as the liquidity to react quickly historically is not there. Inventory can be stolen, it can become obsolete and it could be sold but many companies are now starting to believe dedicating money to inventory is a high risk with a high cost. What are the alternatives as the companies need to keep up with the demand by their clients as the cost of a shortage is even greater? Through problem solving initiatives like Six Sigma companies are more fit to react to customer demands. Theses investments in a higher level of inventory management rather than in inventory can be more competitive and eventually get more bang for the buck.  Companies, in order to remain competitive, have to reevaluate where their resources are being focused and the use of technology is a resource that would be very beneficial in their future. The Ford Motor Company reportedly saved $600 million by the implementation of a Six Sigma management system. In 1999 Ford started to train their top level management then the officer group, and then the leadership group. After a year and half Ford has reportedly spent $6 million in training their several levels of management in Six Sigma. Ford rates the level of training by way of colored belts like that of a karate dojo:

Green Belt: “They receive one week of training that includes a basic understanding of how Six Sigma works and an overview of the Black Belt tools. Green Belts learn to help Black Belts do projects faster. Green Belt training allows the people who are affected by the Six Sigma projects to be able to continue to monitor and control the improvement and to do their jobs better”

Black Belt: Process full time for two year. The training includes, “define-measure-analyze-improve-control cycle” , “mapping, cause-and-effect diagrams, failure mode and effects analysis, design of experiments, and mistake proofing”

Master Black Belts- Handpicked by upper management; describes duties are.. “My core job responsibility is to help Black Belts with the tools, eliminate road blocks and support them during the various phases of their projects”

Project Champion- Work alongside master black belts and provides them with necessary resources to complete tasks.

This sort of implementation depends on the companies dedication to customer service and by senior leadership. With such a large company as Ford Motor Company making a commitment to new, nimble approaches to inventory management there can be an example for companies of all sizes that there are very good alternatives to the negatives that come with projecting demand the traditional way.

How often do you believe companies tend to under estimate the demand in the market?

Do you feel that smaller companies have the chance to save proportionally the same level of capital a company like Ford did using something like Six Sigma?

Modern Marvel

Marvel Studios has successfully managed to create a universe on screen that millions of people have been craving to visually experience since 1940. With the utmost secrecy, Marvel Studios has planned out 2 phases of Super Hero flicks into the future and they hope to create an abundance of unified story telling for many years to come.

The after credits sequence, although now synonymous, with this particular movie genre was not really a thing until the world got to see the end of Iron Man. In Iron Man we were revealed Samuel Jackson in a black trench coat and an eye patch; whom the die hard fans understood was Nick Cage the leader of S.H.I.E.L.D. otherwise known as the man to unite The Avengers. This was the quintessential moment in defining what Marvel was planning to do and how they were deciding to manage their properties. This was a huge leap when it came to the movie business as we’ve never seen an intertwining of such hugely successful properties before.

All of these plans are based in secrecy as the blogs are a huge element to the hype and criticism of each Marvel film released to the public. With the giant enthusiasm by fans breeds very high expectations for film creators. The strategy for Marvel is to find the best talent in the business in order to appease the vision all fans have shared of visual spectacles with heart.

Marvel strategically reveals their plans for the future by way of Comic Con as extremely eager comic books fans await to see if their favorite super hero will be played by the caliber of actor they desire or if the film will be in the right hands of a suitable director. They often listen to fan opinion in the blogs when it comes to their hiring choices and are highly motivated by fan desires. This relationship between the studio and their audience is fairly unique as Marvel relies on anticipation for much of their success. Blogs, big reveals from comic conventions, events in the comic books, and after credit scenes add fuel to the immense burning fire Marvel Studios masterfully sustains.


Kevin Feige, the architect of the Marvel Cinematic Universe and Marvel Studios have had immense success. Avengers alone gained $1.5 Billion worldwide ( and Avengers II: Age of Ultron is expected to surpass that with the incredible amount of anticipation behind the upcoming film. The studio has crafted a sophisticated formula to build an audience even before the trailer for the movie is released and we can all see it’s paying off.

There are clearly a lot people invested in the planning of this cinematic universe; from the fans to those behind the scenes creating the film. Knowing this, do you believe the super hero genre is here to stay? Why/Why not?

Marvel Studios is creating programs for Netflix featuring heroes like Daredevil and Luke Cage; would you like to see the Marvel Cinematic Universe continue to expand or do you feel there is a ceiling to the genre?