Triple Bottom Line Collaborative-Illustrations of Efforts Dennis West Northern Initiatives...
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Transcript of Triple Bottom Line Collaborative-Illustrations of Efforts Dennis West Northern Initiatives...
Triple Bottom Line Collaborative-Illustrations of Efforts
Dennis WestNorthern Initiatives
Marquette, [email protected]
www.niupnorth.org
Three Illustrations of Application of the Triple Bottom Line Manufacturing
Regional Sustainability
Health Care
Jacquart Fabric Products
Jacquart Fabric Products
Cut and Sew Manufacturer Primary Product Pet Beds
Initial issue Working Capital and Accounting Transformation
Just In Time Modernization of Equipment
Jacquart Fabric Product Results Substantial Reduction in Inventory
Lower re-work, elimination of racks, savings of capital Substantial Reduction in Working Capital
Dollars could be invested in new equipment versus the financing of inventory
Increase in Ability to offer more Fabric Styles with Improved Quality Increased ability to offer more styles more colors more
patterns Move from mass market to mass customization, reduction in
waste and re-Work
Re-theme profit result Profits assured through speed of delivery, minimization of
work in progress and finished goods inventory
Jacquart Fabric Products TBL Results
Economy Growing sales for expanding business Has grown to over 150 employees
Equity Company offering jobs in a community that has lost
people for 30 years, in one of Michigan’s poorest counties with benefits!
Environment Reduction of inventory meant less space to heat, light,
etc Elimination of waste (reduction of re-work) and process
that do not result in sales Permanently defining waste in the company as
“anything that does not bring value to the customer”
www.greatwaters.net
Extend Nature Tourism Build Driving Trails to bring people to places
and communities that extended stays and broaden experiences
Extend Regional Identity for sake of helping small businesses to build packages
Incorporate environmental preservation
Results Economy
1,550,000 web site hits in 2007 UP made Sherman Travels “10 best summer destinations in
the world in 2006” and the Weather Channels “top 10 American Winter
Equity Exceptional Market Access for small rural communities and
the businesses that reside there such as; Germfask, DeTour, Cedarville, Cut River, etc
Environment “Doing Our Part” Campaign Volunteer Watershed Projects More Feet on the Ground
Health Care Illustration
Service Industries now represent two thirds of the largest employers in the UP
Searching for the Social Entrepreneurs; those who lead service and not profit organizations and want to make change
CURRENT STATE AKA “CLUSTER ...”
WASTE
Regulatory waste
Value Added (to customer)
Identified areas of waste, necessary (regulatory waste) and value added services.
Then grouped activities and problem solved solutions to “waste”
Sort Phase
Anticipate 25% decrease in inventory carrying costs for supply stock
Time savings associated with counting/replacing decreased inventory
Financial Implications of linen storage: $9.2 Million lost in revenue due to shut down $4.4 Million in continued operation expenses
Health Care Results
Economy Critical part of rural economy and under pressure due
to diminishing reimbursement rates Cost savings of $4mm in inventory
Equity Customers (tax payers) should not pay for waste
Environment Reduction in inventory, reduction in purchasing
unnecessary linen With organization less use of water, and organization
supports efficient in finding what is needed in a timely way
Conclusion
Triple Bottom Line is A matter of competitiveness for our firms Planet preservation Opportunity for community building, liberation
of ideas and savings Sound business approach
No one wants to pay for waste and We can eliminate things before they ever enter
into the waste stream