Mike Marsh Quotes

The most efficient way to produce anything is to bring together under one management as many as possible of the activities needed to turn out the product.

The key to Operations at Wal-Mart is their ability to maintain the highest standards while at the same time getting things done with lockstep execution.

What's important at the grocery store is just as important in engines or medical systems. If the customer isn't satisfied, if the stuff is getting stale, if the shelf isn't right, or if the offerings aren't right, it's the same thing. You manage it like a small organization. You don't get hung up on zeros.

I think the next massive wave of value creation will be when you can get a manufacturing company or agriculture devices company or a health care company to develop dozens of AI solutions to help their businesses.

In fashion, the time is so short, and even with pre-collection, there are not only dresses, shoes, bags, and furs but now raincoats and T-shirts. It's just an endless amount of work that we have to produce in no time.

Process innovation is different from product innovation. It's about how do you create a new product or develop a new product or manufacture a new product, but not a new product itself?

The high-tech business, the semiconductor business, it's very competitive. You're out there every day slugging it out, no different from players slugging it out on the ice.

Industrialization of the building trade is a question of material. Hence the demand for a new building material is the first prerequisite.

There are really two things that have to occur in order for a new technology to be affordable to the mass market. One is you need economies of scale. The other is you need to iterate on the design. You need to go through a few versions.

In the case of Apple, they did originally do production internally, but then along came unbelievably good outsourced manufacturing from companies like Foxconn. We don't have that in the rocket business. There's no Foxconn in the rocket business.

Learning to see waste and systematically eliminate it has allowed lean companies such as Toyota to dominate entire industries. Lean thinking defines value as 'providing benefit to the customer'; anything else is waste.

I am inclined to attach some importance to the new system of manufacturing; and venture to throw it out with the hope of its receiving a full discussion among those who are most interestedin the subject.

We had to figure out how to produce books in a cost-effective way.

Chips will continue to shrink, of course. We, along with other semiconductor companies, are continuing to push toward the next goal of 10 nm, but going beyond 10 nm will require the development of new technologies, materials, and manufacturing processes that are still being perfected.

It's easy to assume that just because you make something in small volumes, not using many tools, that there is integrity and care - that is a false assumption.

The key to making things affordable is design and technology improvements, as well as scale.

I've been to so many manufacturing plants. I've yet to walk into one where I did not think AI solutions wouldn't help.

Generally speaking, if you control matter more precisely, you can get more efficiency out of any process.

There has to be a drive to make the U.K. competitive in the motorcar industry or in the engineering industry. To do that, you have to give attention to the manufacturing sector.

Even a small reduction in errors and rework can have a significant impact.

Honestly, production when you first start can be difficult to wrap your head around.

Quality will save our company.

If you can make a lot more of something, you can make it much more inexpensive.

It's crazy to go into manufacturing. That's not where the money is.

I see a big, promising future for India's manufacturing and supply chain part of our company.