Raising awareness of Early Equipment Management (EEM) and how to incorporate this into best practice capital project delivery is an invaluable lifecycle factor during equipment acquisition. This is because EEM impacts directly on the future ability of the organisation to achieve asset lifecycle goals.
Integrative Improvement Blog
The integrative improvement blog discusses and provides commentary on the latest topics in the business performance improvement sector.
By leveraging big data, the new Stable Operations TRACC delivers fresh insights and provides a faster way to scale predictable, reliable and stable manufacturing operations across multiple sites. The main focus of the TRACC is on eliminating variation and saving time – time in which your people can unlock new ways of delivering revenue.
The extent to which asset utilisation is beneficial depends on the business model, but research has revealed one important conclusion: whether average asset utilisation is low or high, companies that have improved on it delivered, on average, 7.6% more value to shareholders per year than those with declining asset utilisation.
A poorly designed organisation is like a colander: you can pour your best talent and hours of effort into it, but much of this capacity will leak through the holes or be used up trying to plug the holes. A well-designed organisation uses its talent effectively and limits the waste that occurs. So, what then, constitutes good organisational design?
Rising asset capital cost and complexity have resulted in a surge in operational and financial risk. This has intensified pressure from shareholders and regulatory bodies to improve asset lifecycle costing and reporting. Fortunately, by following a total asset lifecycle management approach, you can better manage your assets for long-term business competitiveness.
With the advent of digital manufacturing, traditional lean is being catapulted to another level. A recent study indicates that traditional lean’s focus on shop floor execution has become too narrow for today’s complex, linked value chains and adaptable manufacturing environments. What’s needed, according to the study, is a ‘digital lean’ approach.
If you could see into the future, you would never miss a production target, endure a safety incident, or have a machine go down. While this will remain an elusive dream, you can, however, predict the future. With predictive maintenance, you can uncover unnecessary maintenance, which could save you millions of dollars in the longer term.
Forward-thinking executives around the world are increasingly viewing operational excellence (OpEx) as a key driver of top-line growth, and no longer as just a tool for incremental process improvements at operational level. They understand that OpEx project teams and processes are best placed to create disciplined frameworks to gain competitive advantage.
For an F1 pit crew, changing four tyres takes less than 15 seconds. This is living proof that changeover times can be reduced by analysing each element to see if it can be eliminated, moved, simplified or streamlined. In manufacturing maintenance, single-minute exchange of dies (SMED) can dramatically reduce the time it takes to complete equipment changeovers.
Internal supply chain alignment is just as important as cooperation with external partners for gaining competitive success and satisfied customers. From procurement to sales and operations planning (S&OP), each functional area is critical to success. But this success hinges on the level of collaboration between the respective functions.