Factory Physics®

Jeff Bell, President, Concordant Industries
Email: jbell@concordantindustries.com
Phone   (work) 708-452-7080
(cell)    612-839-5608
(fax)    708-452-7082

BIO:
Jeff Bell is President of Concordant Industries, an operations based advisory and investment firm. Concordant Industries helps private equity portfolio companies and select Fortune 500 companies implement operations strategies to improve customer service, profitability, and return on capital. Mr. Bell has a proven track record
of driving profitable growth in manufacturing settings. He currently serves on the Board of Arc Technologies, a supplier of precision engineered components to medical instrument, aerospace, semiconductor, and industrial equipment manufacturers. Mr. Bell is on the Factory Physics®, Inc. Advisory Board.

Prior to joining Concordant, Mr. Bell was CEO and President of Bolt Industries, a supplier of machining and fabrication services. His career also included roles as Vice-President at the Rosemount Flow Division of Emerson Electric, where he was general manager for the Magmeter and Vortex business units. He started his career in operations at Procter & Gamble Pharmaceuticals.

Jeff has a B.S. in operations research from Cornell University, a M.E.M. in manufacturing management from Northwestern University, and an M.B.A from the Kellogg Business School at Northwestern University. He co-authored the Harvard Business School Case, “The Rosemount Vortex Flowmeter Plant”, which demonstrates how to apply Factory Physics®. He is an adjunct professor at Dominican University.

ARC’S STRATEGIC RELATIONSHIP WITH FACTORY PHYSICS INC. HELPS ITS CUSTOMER PARTNERS REDUCE COST AND INVENTORY

Arc has a strategic relationship with Factory Physics^® Inc. (www.factoryphysics.com) that enables Arc to work with customer partners to reduce cost and inventory across the supply chain.

The Factory Physics principles and framework provide a quantitative, practical science that helps manage the “portfolio of buffers - capacity, inventory, time (delivery)” across the supply chain. Understanding the fundamental relationships that exist in manufacturing and supply chain operations enables a maximum return from deployment of well-known strategies such as lean and six sigma. Understanding why these programs work and when to deploy them across the supply chain with our customer partners reduces cost and inventory. A quote from the Factory Physicswebsite says it best:

“I learned more about the Toyota Production System from four hours of training on Factory Physics® principles than I did in seven years as an employee at Toyota.”
- Karthik Chandramouli, Director of Lean Transformation, Motorola

Applying the Factory Physics principles and framework across the supply chain for on-time delivery of quality parts at best cost for OEM partners has achieved great results including:

Reduction in lead times from 5 weeks to 2 days.
Improvement in inventory turns from 5x to 43x on components for a customer partner.
Better utilization of capital enabled significant price reductions.

Please ask us how we can partner with you to achieve these types of results.