KPI

March 16, 2011

What are the best Tools to Manage Manufacturing Operations?

This was a question that I posed in a Linkedin group recently. Within a few days there were 31 replies with some excellent comments and suggestions. I found several things significant in the replies. They described many tools people are using to manage manufacturing facilities. They showed there is great …Read the Rest

Electronic Signage in Manufacturing
February 4, 2011

Electronic Signage in Manufacturing

Many manufacturing companies are sold on the benefits of using real-time electronic signage on the plant-floor, in shops, cafeterias, and conference rooms to display manufacturing key performance indicators. Intelligent visualization of actionable information and key performance indicators keeps people informed and everyone working on the right priorities and goals – doing the right thing, the right way, at the right time.

The Biggest Loser
December 15, 2010

The Biggest Loser

In the summer of 2010, I lost 40 pounds in three months and one day. I even came close to …Read the Rest

Justifying Operational Excellence Tools
October 14, 2010

Justifying Operational Excellence Tools

Summary:

Justification of Operational Excellence tools is not difficult. However, it is different than justifying other assets because many people that will approve the project do not understand how it will be used to achieve business goals. The justification should layout the whole story – to guide those that will approve the expenditure to show them the capital will provide identifiable, auditable results and meet their financial justification thresholds.

A recommended 7 step method for justification of OPEX tools is as follows:

Step 1: State your program goals that the equipment will help you achieve.
Step 2: State specifically how you will integrate the tools into standard work.
Step 3: State how the tools will help you track and ensure success based on KPIs.
Step 4: State why investing in the project is the preferred way to achieve the goals.
Step 5: Identify benefits for the new equipment and meeting the target goals.
Step 6: Discuss benefits with owners and champions.
Step 7: Write justification emphasizing benefits supported by owners and champions.

I will cover some specific benefits for OPEX Tools next month.

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