Driving Success In Manufacturing
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Driving Success In Manufacturing
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Author : Alfred
language : en
Publisher:
Release Date : 2023-12
Driving Success In Manufacturing written by Alfred and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-12 with Business & Economics categories.
Overview of Process Optimization In today's competitive manufacturing industry, the ability to optimize processes is crucial for engineering professionals. Process optimization plays a vital role in improving efficiency, reducing costs, and enhancing overall productivity. This subchapter provides an overview of process optimization, its key concepts, and its significance in the field of manufacturing engineering. Process optimization can be defined as the systematic approach of improving a manufacturing process to achieve desired outcomes. It involves analyzing existing processes, identifying bottlenecks and inefficiencies, and implementing strategies to enhance performance. By optimizing processes, engineers can streamline operations, eliminate waste, and achieve higher levels of quality and productivity. One of the fundamental concepts in process optimization is the concept of continuous improvement. Continuous improvement is a mindset that focuses on making incremental enhancements to processes over time. It involves constantly evaluating and refining processes to achieve greater efficiency and effectiveness. Engineers who embrace this concept are always seeking new methods and technologies to optimize their manufacturing processes. Another important concept in process optimization is data-driven decision making. Engineers rely on data to identify areas for improvement and to measure the impact of process changes. By collecting and analyzing data, they can gain insights into the root causes of inefficiencies and make informed decisions to optimize their processes. This data-driven approach ensures that changes are based on evidence rather than assumptions. Process optimization also involves the application of various tools and techniques. These tools can range from simple process mapping and value stream analysis to more complex methodologies such as Six Sigma and Lean Manufacturing. Each tool has its own purpose and can be used to address specific process optimization challenges. Engineers must have a comprehensive understanding of these tools and know how to apply them effectively in their manufacturing environment. The significance of process optimization in manufacturing engineering cannot be overstated. It enables companies to stay competitive by improving product quality, reducing costs, and increasing customer satisfaction. By optimizing processes, engineers can identify and eliminate inefficiencies, resulting in shorter lead times and faster delivery of products to the market. Moreover, process optimization fosters innovation and encourages the adoption of new technologies, enabling companies to stay ahead in the ever-evolving manufacturing landscape
Achieving Successful Business Outcomes
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Author : Alok K. Sinha
language : en
Publisher: Taylor & Francis Group
Release Date : 2020
Achieving Successful Business Outcomes written by Alok K. Sinha and has been published by Taylor & Francis Group this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020 with Business & Economics categories.
"Navigating in space is exponentially more difficult than navigating on the road - because there are too many directions to investigate, too many unknowns to be prepared for and infinite pathways to chart in the galactic system. So, it is with business. Business environments are extremely demanding and change continuously, precipitated by an innumerable number of actors and conditions. Business success can no more be predicated on the pedigree of a leader or a prescribed theory alone and the startups have amply proven this. Large companies have tried to copy the nimble-footed startups while startups after achieving a certain size have been forced to adopt unchartered path. Disruptions seems to be the order of the day. Achieving Successful Business Outcomes is about achieving successful business outcomes. Just like an aircraft has a rich dashboard of dials but only a critical few need to be monitored continuously while other subsets warrant attention only during specific phases of the flight, a well modelled business can be managed successfully using a similar strategy. But the larger question is how to model a business, with closely correlated variables, that represents the reality of the environment and allows devising, formulating and adjusting business strategy and actions in real-time. The author uses a simple but well-researched STA-Triangle (Space, time and action) model to achieve this purpose. The core of the STA Model is to help navigate effectively in a rapidly changing business environment. Unlike traditional business studies that use a single lens to define business rules or organizational practices, it uses the combination of space, time and action as the driver of outcomes - something fundamental and core to human thinking across the ages. This book contains both theoretical and practical applications, the former that can help propel further research and analysis, while the latter can help practicing leaders to drive their firms forward, confidently, in any environmental conditions. It will also help casual readers to understand how the future is evolving and how different organizations are responding to this change. The author includes more than a hundred supporting case studies and tools that help create highly incisive and unique views for calibrating strategy and execution"--
Critical Success Factors Simplified
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Author : Marvin T. Howell
language : en
Publisher: CRC Press
Release Date : 2009-11-20
Critical Success Factors Simplified written by Marvin T. Howell and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-11-20 with Business & Economics categories.
Critical-to-success factors (CSFs) have become essential elements to strategic planning and no business can achieve consistent success without effectively adopting them. To take full advantage of CSFs, however, an organization must first understand what they are and how they can be used to drive organizational initiatives and processes. Critical Su
Achieving Successful Business Outcomes
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Author : Alok K. Sinha
language : en
Publisher: CRC Press
Release Date : 2020-03-16
Achieving Successful Business Outcomes written by Alok K. Sinha and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-03-16 with Business & Economics categories.
Achieving Successful Business Outcomes: Driving High Performance & Effective Transformations in a Continuously Evolving Business Environment Navigating in space is exponentially more difficult than navigating on the road – because there are too many directions to investigate, too many unknowns to be prepared for and infinite pathways to chart in the galactic system. So it is with business. Business environments are extremely demanding and change continuously, precipitated by innumerable actors and conditions. Business success cannot be predicated on the pedigree of a leader or a prescribed theory alone, as start-ups have amply proven. Large companies have tried to copy nimble-footed start-ups while start-ups, after achieving a certain size, have been forced to adapt to unchartered territory. Disruptions seems to be the order of the day. This book is about achieving successful business outcomes. An aircraft has a complex dashboard of dials, where only a critical few need to be monitored continuously, and other subsets warrant attention only during specific phases of the flight. A well-modeled business can be managed successfully using a similar strategy. But the larger question is how to model a business, with closely correlated variables, to represent the reality of the environment and to allow for devising, formulating and adjusting business strategy and actions in real-time. The author uses a simple but well-researched STA-Triangle (space, time and action) model to achieve this purpose. The core of the STA model is to help navigate effectively in a rapidly changing business environment. Unlike traditional business studies that use a single lens to define business rules or organizational practices, it uses the combination of space, time and action as the driver of outcomes – something fundamental and core to human thinking across the ages. This book contains both theoretical and practical applications – the former helps propel further research and analysis and the latter helps practicing leaders confidently drive their firms forward in any environmental conditions. It will also help causal readers understand how the future is evolving and how different organizations are responding to this change. The author includes more than a hundred supporting examples and tools that help create highly incisive and unique views for calibrating strategy and execution. Visit the authors' website at www.alokksinha.com
Optimizing Firm Performance
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Author : Christian Faden
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-07-31
Optimizing Firm Performance written by Christian Faden and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-07-31 with Business & Economics categories.
Academic research has identified several operational drivers in manufacturing companies that have an effect on either the physical production of goods or its distribution: working capital requirements, manufacturing performance, supply chain performance and supply chain risk. Despite the fact that these four operational drivers have been operationalized in empirical studies and theoretical discourses, no-one has yet conducted a holistic study of how they interrelate and what specific contribution they make to overall firm performance. The key question addressed by this study is therefore how companies should align these operational drivers of excellence to achieve superior firm performance. The results are based on a universe of 274 top-class manufacturing companies based in Germany, Switzerland or Austria and more than 15 interviews with top executives. By consequence, a trade-off exists: Strong firm performance requires a significant level of supply chain risk at the expense of working capital performance. Companies that accept a reasonable level of supply chain risk while maintaining high manufacturing and supply chain performance outperform the lowest-performing reference group by 14% in terms of sales, sales growth, profitability and market share ("firm performance").
American Drive
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Author : Richard Dauch
language : en
Publisher: St. Martin's Press
Release Date : 2012-09-18
American Drive written by Richard Dauch and has been published by St. Martin's Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-09-18 with Business & Economics categories.
Politicians, voters, executives, and employees all want the answer to one question: How can America compete with cheap foreign labor, and restore skilled, well-paying jobs to our economy? American Drive answers that question. An executive with nearly thirty years in the trenches of the hard-nosed Detroit automobile industry, Richard E. "Dick" Dauch had long dreamed of running his own manufacturing company. From his first job on the plant floor at General Motors to his crucial role in helping to rescue Chrysler from the brink of bankruptcy, Dauch focused passionately, and relentlessly, on quality, productivity, and flexibility in manufacturing. In 1993 he took on the challenge of his life, buying a lagging axle supply and parts business from GM, along with five rusting, unprofitable, union-controlled, near-decrepit plants in the heart of a crime-ridden Detroit and a deteriorating environment in Buffalo, New York. The newly created "stand-alone" company was named American Axle and Manufacturing. Dauch set out to create a world-class industrial automotive manufacturer. He bought and bulldozed the crack, liquor, and prostitution businesses that surrounded the company and rebuilt the plants. He upward educated, trained, and expanded the skill sets of the workforce, struck tough bargains with unions, and solved massive quality problems that were costing tens of millions every year and undermining customer satisfaction. Within one year of opening the doors, AAM had turned an astounding $66 million in profit. In American Drive, Dauch narrates the story of AAM against the backdrop of his nearly fifty years in the auto industry, from its glory days to its decline in the face of foreign competition, government bailouts, battles with unions, and the recent Great Recession. Tough, smart, inspiring, high-energy, and opinionated, Dauch offers memorable lessons on leadership, advanced product technology, communication, negotiation, and making profits in the most difficult times. Dauch's story transcends the auto industry and draws a blueprint for job creation, manufacturing competitiveness, economic growth, and excellence in America.
Shop Floor Management
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Author : PRABHU TL
language : en
Publisher: NestFame Creations Pvt Ltd.
Release Date :
Shop Floor Management written by PRABHU TL and has been published by NestFame Creations Pvt Ltd. this book supported file pdf, txt, epub, kindle and other format this book has been release on with Business & Economics categories.
Modern manufacturing is more advanced than ever. There are too many moving parts between human errors, equipment breakdowns, delayed shipments, and hurried orders. Errors are inevitable without adequate planning. Preplanning, planning, staffing, directing, monitoring, and controlling actions that improve shop efficiency and analysis are all parts of shop floor management. The process of converting raw resources (inputs) into the intended output (products or services) is referred to as production or operations activity. Production is a collection of consecutive tasks that generate a desirable product that customers will accept and that also satisfies their needs in terms of quantity and intended use. Using effective production planning and control, the goals can be attained. Smart manufacturers are swiftly implementing the most recent business process optimization techniques in response to the changing production environment, and shop floor management is probably the most crucial technique on the list. A shop floor is a place where production or assembly is done. Either the labor would have to do this manually, or sophisticated automated systems would have to do it. Consequently, shop floor management might be characterized as management at the point of action. At this location where value is created, managers and production staff gather every day to thoroughly examine the machinery, inventory, storage, and manufacturing processes in order to spot any disruptions or deviations in the value-added processes and, where appropriate, to start corrective action.
Best Practices In Manufacturing Processes
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Author : Jorge Luis García Alcaraz
language : en
Publisher: Springer
Release Date : 2018-10-04
Best Practices In Manufacturing Processes written by Jorge Luis García Alcaraz and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-10-04 with Technology & Engineering categories.
This book reports the best practices that companies established in Latin America are implementing in their manufacturing processes in order to generate high quality products and stay in the market. It lists the technologies, production and administrative philosophies that are being implemented, presenting a collection of successful cases of studies from Latin America. The book describes how the tools and techniques are being integrated, modified and combined to create new technical resources for assisting the decision making process for better economic performance in manufacturing companies. The efforts deployed for assisting the transformation of raw materials into products and services are described. The authors explain the main key success factors or drivers for success of each tool, technique or hybrid combination approach applied to solve manufacturing problems.
Successful Manufacturing Transformation
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Author : Dr Azlan Nithia
language : en
Publisher: Partridge Publishing Singapore
Release Date : 2024-04-03
Successful Manufacturing Transformation written by Dr Azlan Nithia and has been published by Partridge Publishing Singapore this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-03 with Technology & Engineering categories.
This book is a good practical handbook for every manufacturing leaders and it is based on proven and successful manufacturing transformation practices, on how to get a manufacturing organization out of an extreme operational crisis (or nearing a closure). Transforming an organization in crisis and turning it around from a manufacturing crisis and finally to be able to achieve global competitiveness in manufacturing operations in any country. This book is based on extensive work experience, learning from failures and successes, experimentations, and proven approaches by the author himself. It references to the author’s various successful manufacturing transformations achieved at large-scale multi-national manufacturing organizations and how the author re-positioned those organizations into becoming a globally competitive operation. If an organization is always thinking about global competitiveness, and constantly driving its organization towards world class efficiencies, delivering the sustainable competitiveness in cost and with the best lead-times, it is almost impossible to get eliminated by any other competitions globally. The manufacturing organizations that slowly starts to slip away from being at world class efficiencies and its metrics start losing its global competitiveness, in cost, lead time and productivity will not be able to compete with the global competitions. These are the organizations that will easily get into a manufacturing crisis, loses its competitiveness and finally it loses its total business to its competitors. These companies will ultimately get wiped out of the business. This book is also about reimagining the manufacturing industries to achieve global competitiveness by the successful adoption of greater digital technologies of a connected factory to increase efficiency, speed and agility. This requires the ability to be able to rapidly transit into the new smart manufacturing paradigm with how to achieve the status of Smart Manufacturing, Factory of the Future and to be quick in responding to the demanding market changes with the digitally connected operations and the marketplace. A detailed step by step approach is clearly explained and how to overcome those implementation challenges.
Digital Success A Holistic Approach To Digital Transformation For Enterprises And Manufacturers
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Author : Alasdair Gilchrist
language : en
Publisher: Alasdair Gilchrist
Release Date : 2018-11-04
Digital Success A Holistic Approach To Digital Transformation For Enterprises And Manufacturers written by Alasdair Gilchrist and has been published by Alasdair Gilchrist this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-11-04 with Computers categories.
What is Digital Transformation, why is it so important and why do so many transformation projects fail? More importantly, what can we do to make our transformation initiative succeed? These are a few of the profound questions that we seek to answer in this book. The anomaly between the number of digital transformation being undertaken and the high failure rate may be due to not enough transformation initiatives taking a holistic approach that encompasses people, culture, organisations, processes, business strategy and objectives into the overall mix instead they are focusing largely on the technology. Therefore in this book we contemplate a holistic approach to digital transformation across the entire spectrum of the business from the perspective of an enterprise or manufacturer. Hence we start with people, culture and the need for agile business development when transforming processes, products and services or business models. We examine the how and why we align and tightly couple business objectives to transformation initiatives. Importantly, we examine the need for company-wide collaboration and integration of data, knowledge, processes and systems and the huge benefits initiatives such as data-democratization can deliver. Then we delve deeper into the specific drivers for successful transformation across a very broad range of business functions from the perspective of IT and Operations, Finance, HR, Sales & Marketing, Manufacturing, Inventory, Supply chain and Post-sales service. We also examine how technology and processes such as the IoT and advanced data analysis have brought about Industry 4.0 and the Smart Factory not through technology upgrades and point solutions but through a holistic approach to digital transformation. A holistic approach to digital transformation, places people, culture, knowledge, capabilities, and decision-making as the pillars supporting the overall organisation's business strategy, objectives and mission values that are built upon a foundation of technology and processes. Successful digital transformation initiatives do not lose their focus on the overarching business strategy and company objectives being the goal, it's not about technology it is about creating new business value at the strategic level. And in this book we will show you how to do it.What is Digital Transformation, why is it so important and why do so many transformation projects fail? More importantly, what can we do to make our transformation initiative succeed? These are a few of the profound questions that we seek to answer in this book. The anomaly between the number of digital transformation being undertaken and the high failure rate may be due to not enough transformation initiatives taking a holistic approach that encompasses people, culture, organisations, processes, business strategy and objectives into the overall mix instead they are focusing largely on the technology. Therefore in this book we contemplate a holistic approach to digital transformation across the entire spectrum of the business from the perspective of an enterprise or manufacturer. Hence we start with people, culture and the need for agile business development when transforming processes, products and services or business models. We examine the how and why we align and tightly couple business objectives to transformation initiatives. Importantly, we examine the need for company-wide collaboration and integration of data, knowledge, processes and systems and the huge benefits initiatives such as data-democratization can deliver. Then we delve deeper into the specific drivers for successful transformation across a very broad range of business functions from the perspective of IT and Operations, Finance, HR, Sales & Marketing, Manufacturing, Inventory, Supply chain and Post-sales service. We also examine how technology and processes such as the IoT and advanced data analysis have brought about Industry 4.0 and the Smart Factory not through technology upgrades and point solutions but through a holistic approach to digital transformation. A holistic approach to digital transformation, places people, culture, knowledge, capabilities, and decision-making as the pillars supporting the overall organisation's business strategy, objectives and mission values that are built upon a foundation of technology and processes. Successful digital transformation initiatives do not lose their focus on the overarching business strategy and company objectives being the goal, it's not about technology it is about creating new business value at the strategic level. And in this book we will show you how to do it.