Tag: OPEX

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 losing 20 pounds in one month. I did this using a commonly used business process in combination with arguably the most important business tool of the 20th century. This article …Read the Rest

Real-time Performance Management Solutions that Can Grow
October 15, 2010

Real-time Performance Management Solutions that Can Grow

Real-time Performance Management (RPM) promises to deliver greater information to high-level executives that are in charge of running the business, but manufacturers now have a great opportunity to build an advanced performance management platform by starting simply on the plant floor.

LITETrak™ is a new and important development in tools to support operational excellence and lean initiatives. This new tool provides a low cost solution that can grow by paying for its expansion with the increased earnings it creates. Parsec Automation Corporation is far in front of other solutions with a single software platform installed fast and inexpensively for best in class line performance – that can be upgraded to a plant-wide MES with just a license file install without ever loading software again!

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.

My Top 10 Operational Excellence Tools
October 14, 2010

My Top 10 Operational Excellence Tools

There are a variety of tools that support operational excellence initiatives in manufacturing and the process industries. Many of these tools are industry specific and many have overlapping functionality. Most are underutilized and a fair number are misapplied based on their strengths but using them will help meet business goals.

The purpose of this article is to list a number of a great tools that will help every manufacturing and process company better support operational excellence initiatives that include LEAN, Six Sigma, 5S, and more.

In no particular order here are my Top 10 Tools that Support Operational Excellence Initiatives.

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