Operational Excellence

24 Training Hours

 

Introduction

Operational excellence can simply be described as a philosophy that embraces problem-solving and leadership as the key to continuous improvement. Operational excellence is a mindset that embraces certain principles and tools to create sustainable improvement within an organization. Operational excellence is achieved when every member of an organization can see the flow of value to the customer. Seeing it, however, isn’t enough – they should actively try to improve both the value, as well as its delivery. Ultimately, operational excellence is not just about reducing costs or increasing productivity in the workplace. It’s about creating the company culture that will allow you to produce valuable products and services for your customers and achieve long-term sustainable growth. Operational excellence is a journey that involves applying the right tools to the right processes. When this happens successfully, the ideal work culture is created where employees are provided for in a way that enables them to stay empowered and motivated.

 

Organizations need to strive for operational excellence to create value and to sustain business growth. A well-structured program that delivers continuous improvement can drive performance by achieving more with less. Manufacturers feel the pressure to produce more at a lower cost. While this competitive nature leads to innovative products and services, it also weeds out the manufacturers that lack cost-effective processes as margins tighten.

 

Through operational excellence, manufacturing plants can improve processes and procedures to achieve long-term, sustainable growth. But, operational excellence is not always easily achieved. By proactively monitoring equipment during regular operations, manufacturers can reduce the risk of unexpected downtime—but that’s not all. The direct benefits of routine maintenance include improved safety, prolonged asset life and streamlined production.

 

The 4 most common areas across the plant manufacturers must take into consideration in order to adopt a successful operational excellence strategy: 1. Quality Improvement 2. Plant Layout and Travel Times 3. Machine Maintenance 4. Changeover Times.

 

Operational Excellence training describes elements of organizational leadership that stress the application of a variety of principles, systems, and tools toward the sustainable improvement of key performance metrics. It empowers leadership to guide employee efforts, justify a company's activities and existence, define performance standards, provide constraints to stay focused on value adding goals and function as behavioral incentives.

 

Objectives

• Understand Asset Management Principals from an Operational Perspective

• Identify highest level of acceptable risk while aligning operational asset loading with design limits

• Understand how to design and develop an asset health management program.

• Understand key asset centred management concepts

• Effectively identify and cost-justify different asset management strategies designed to meet strategic goals. 

• Recognize factors that must be considered in implementation of Machine Vibration and tribology Management Programs

• Understand the depth of requirement to achieve Operational Excellence

• Understand Contractor Management / Outsourcing Best Practises

• Industrial Supply Chain Management Principles

• Explain Work Cost Management Principles  & Techniques

• Learn Work Planning & Scheduling Principles

• Awareness of Cost & Schedule Control (Estimating + Budgeting Basics)

• Explain and demonstrate the roles of Asset management (AM) and Reliability Centered Maintenance (RCM) to business

• Explain how the budgeting process and Performance Management are part of an overall asset performance assurance program. Leading and lagging Key Performance Indicators (KPIs)

• Explain the role of risk management in the budgeting process and how to better apply risk management.

• Explain the different types of budgeting along with their advantages and disadvantages.

• Understand Budgetary Stewardship 

• Explain how to develop a Performance Assurance program that includes the application of quality controlled business processes, including the budgeting process of budgeting along with their advantages and disadvantages.

• Explain how to develop a Performance management & Assurance program that includes the application of quality controlled business processes, including the budgeting process.

• Effective Integration of all business processes

• Work Flow management

• Management of Change applied to whole business

 

Methodology

 

This course was developed using over 30 years of experience of world class best practices. The focus is on value adding business decision making process and understanding how manage critical physical assets. 

 

The exchange of instructor and students’ experiences, case studies and practical exercise complements positively the lecture.

 

Benefits

 

• Value adding management of information, risk and time. 

• Increase Asset Reliability and Availability to World Class Standards.

• Decreased unit cost of production.

• Better business decision making.

• Sustainable increased profit margin.

 

 

Who should attend?

 

Both experienced industry personnel looking to take their career to the next level as well as management who want to take their facility to the next level. 

 

This workshop will provide students with world-class, interactive, training with practical and industry specific case studies in order to understand the importance of Asset Management in achieving overall management excellence.

 

• VPs and directors

• Maintenance Managers

• Maintenance Superintendents

• Maintenance Engineers

• Maintenance Planners

• Reliability Engineers

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Key Topics

• Maximize Financial Return

• Understanding Asset Management

• Benefits of  Reliability Improvement

• Understanding the Business of Maintenance

• Understanding Available Risk Management Tools 

• How to Manage Change Effectively and Efficiently 

• Performance Measurement