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August 25, 2009 - Vol. 8, No. 26 |
Minneapolis-St. Paul Professional Forum Updates | ||
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| Viewing CREM through a Six-Sigma Lens Most who work for manufacturing companies have experienced Six Sigma, the management tool of choice for increasing the quality of factory goods. Six Sigma is applied to service operations too; consider the tool's application to Chicago's Northwestern Memorial Hospital. The article "Streamlining Diagnostic Testing at Northwestern Memorial" says, "Project goals were met. Since improvements were implemented in June 2004, the percentage of patients seen within 20 minutes of arrival has increased from an average of 44 to 84 percent, exceeding the project's goal of 80 percent." A few years ago, the professional association of commercial real estate brokers published "Six Sigma and its Application to Commercial Real Estate" by Stephen Lewis. He writes, "A number of SIORs and other real estate experts who have implemented Six Sigma in their businesses swear by it." About 15 months ago, real estate professional Michael Jordan of Jones Lang LaSalle started the blog "Six Sigma for Corporate Real Estate." In a recent posting, Jordan says, "A six-sigma approach to workplace strategy would have started with the high-level objectives (employee productivity? cost savings?) and then established a transfer function, just a simple map of what factors would be necessary for a successful program. A Six Sigma approach would also do a preliminary risk assessment and recognize that a potential failure mode might be managers not knowing how to work with employees that are not tied to the same desk every day."
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Don't Miss Sunday Education Programs at Minn.-St. Paul Professional Forum
Although the plenary sessions and workshops begin Monday, Sept. 21, several valuable sessions happen on Sunday, Sept. 20. The day begins at 9:00 a.m. with a Research Roundtable entitled "Reports Issued by the CRE Department - Content, Purposes and Impact within the Company." All Active members (end-users) are encouraged to participate. At 11:00 a.m., each IAMC Industry Group will meet. If you are an Active member and are not yet part of an industry group, please attend the Industry Group Assessment Meeting, also at 11:00 a.m. The Sunday Industry Group activities are only for Active members; all Forum attendees are encouraged to attend the Monday M1 workshop, which will feature reports on the research activities of each Industry Group. For information on Research Roundtable and Industry Groups, please contact Joel Parker. Next, at 1:30 p.m. IAMC's Leadership Development Seminar features the outstanding communications trainer Patricia Fripp. Space is limited. To participate, you must sign up beforehand by contacting Hazel Pankey. | |||
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Participate in IAMC's Online Business Networking
If you're not periodically checking IAMC's discussion group, you're missing some great CREM Q&A. In response to Todd Clark's recent request for ideas, one respondent suggests, "Take all costs into consideration; real estate is only a part of the manufacturing cost (cost/piece). Include your operations group in the process and have them evaluate their most efficient operations. Then weigh the real estate pluses and minuses. You drive the process, but it should be a group decision. This has been my experience." To jump to the LinkedIn logon screen, click here. Once logged on, go the top of the left-hand column and click on "groups." For more information on LinkedIn or the IAMC Group on LinkedIn, click here. | |||
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Find a Real Estate Job; Post an Opening; Post a Resume |
| Short Subjects CREM Survey
Small Manufacturers Face Challenges
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