Here's how you can effectively manage finances and ensure profitability in plant engineering.

1- Budget preparation: Align with strategy and identify work with stakeholders. 2- Budget estimation: Use expert input, suppliers, or historical data. Include contingencies. 3- Review and approval: Conduct team reviews for budget buy-in and accountability. 4- Monitoring and control: Use project management tools to track progress and spending. Implement reviews and escalation. 5- Cost reduction: Encourage cost-saving practices, multiple quotes, and continuous improvement. 6- Collaboration: Build strong partner relationships to increase efficiency and reduce risks. Key KPIs: - Budget variance - Schedule adherence - ROIC - Quality metrics These principles ensure effective financial management and profitability in plant engineering.

Il est souvent négligé qu'un retard dans la production (livraison en retard, intempéries, grèves,...) peut demander d'aller 2 ou 3 fois plus vite par la suite pour rattraper le retard et éviter des pénalités. Cette accélération de production co?te parfois plus chère que les pénalités, si elle n'est pas anticipée et négociée. Il en va de même pour les malfa?ons qui demandent de tout reprendre ou pour les incohérences du projet et choix technologiques obsolètes, qui entra?nent des co?ts supplémentaires. En tant que sachant vous avez souvent l'obligation de résultat quoique le projet ait prévu et quelqu'en soit les co?ts. Analyse, anticipation et expérience sont essentielles pour un budget cohérent. A toute fin utile. ??

Los presupuestos son esencial para un buen desarrollo en la gestión. Ten en cuenta que con un buen presupuesto tomando en cuenta la mayoría de los detalles de producción podrás tener un mejor escenario. Ten en cuenta que no solo es bueno tener un presupuesto financiero sino también un presupuesto económico. No pierdas de vista las posibles fluctuaciones y el tiempo de retorno.

Prior to establishing your budget review current financial documents from similar systems to establish a base level. They might not be 100% the same but it gives you flags and perspectives to lookout for. Additionally, always use industry standard tolerances and safety factors are not overly conservative or tight. Lastly, expect the unexpected and build into your contracts variances and change order processes to address unscheduled changes.

Budget successfully! 1. Develop a budget plan by reflecting on previous events and forecast for future events. 2. Consider the age of the equipment and the preventative maintenance schedule that has been in place. 3. Consider market and economy influences. 4. Build a rough budget based on the 3 previous points. 5. Objectively criticize each point of the preliminary budget you just built for both increases and decreases. 6. Review it with other members of your management team and reflect on the opportunities that develop. 7. Adjust for opportunities that are validated. A budget that is rushed, is a budget that is likely to fail. Consider all the influences, seek input, don't let emotion dictate spending. Stick to your budget!

It is crucial to the bottom line of every operation to minimize waste by consistently looking for opportunities to have better equipment utilization, minimize product damage or loss, and ensure employees have the opportunity to be as efficient as possible.

One of the critical things missing in most plants and maintenance facilities when things are running smoothly is the aspect of lean and continuous improvement. When things are running great, this is one of the best times to implement small evolutions of change to support reduction in waste.

Para poder reducir el desperdicio es necesario tener un correcto sistema de producción y lo que es necesario para el mismo. No busque sobredimensionar sino es necesario porque luego eso le puede jugar en contra. También en algunos casos tenga en cuenta que el desperdicio se puede utilizar como otro producto secundario para la empresa y el mismo le puede generar ingresos.

New technology does not always equal lower cost. It is important when looking at new technologies and equipment to also look at how the organization is structured. Are the resources structured correctly to adapt or integrate the new technology? The people you need to maintain fossil fuel cars (mechanic's and techs) are not the same for electrical cars (electricians, diagnostics experts), etc.

Las inversiones son importantes en el proceso de fabricación es deseable (si el presupuesto lo permite) adquirir o renovar el equipamiento. Esto no significa dejar de lado el mantenimiento del equipo con el que se cuenta. Hay que considerar al invertir si la inversión se adecua a la necesidad de la planta. Para ello se tiene que realizar un estudio pormenorizado del avance del negocio, tanto presente como futuro y del ámbito económico local.

An unwise investment is worse than no investment at all. An ROI on an investment in people, processes or equipment should be less than 3 years to be effective and add value to the company.

I agree Investment and feasibility should start and end with KPI’s Management by objectives KPI’s is the only way to assure that you get the desired return from your investment

To stay ahead in the business world, you need more than technology. You need a team of well-trained employees who are equipped with the skills and knowledge necessary to tackle challenges and achieve your organization’s objectives. Investing in employee training directly impacts your bottom line by improving productivity, enhancing performance, and increasing overall efficiency. It’s like adding rocket fuel to your business engine!

Review makes the butterfly's effects considerably few. noticing the ever changing variables after operations become in progress helps in identifying minor changes with big impacts, unnecessary expanses usually are minor (glitches) that does not need a huge effort to sort out but yet helps a lot. A team member who took another's view on things for granted or a misleading info that keeps coming back at you.

Optimization at every steps of plant layout design Often there is disconnect between plant engineering , operation needs , future expansion scope , value engineering, waste management , logistics and so on . Plant engineering is responsible to coordinate with all the teams and ensure the perfect layout which always contribute towards overall profitability .