?? Developing and Enhancing a Global Framework for Operational Productivity ??

In today’s fast-paced business environment, a robust global framework is essential in manufacturing operations. This framework should assess operational productivity improvements and scale up global metrics to evaluate and consolidate KPIs such as capacity utilization, cost per unit, production variance, and product quality.

?? Here are some strategies that can help achieve this goal:

1. Optimize Capacity Utilization: Developing a dynamic resource allocation model that adjusts in real-time based on production demands and capacity constraints. This approach ensures that resources are efficiently utilized and aligned with market requirements, thereby minimizing bottlenecks and enhancing overall productivity.
2. Elevate Product Quality Delivery: Implementing a comprehensive quality management system (QMS) that integrates quality control (QC) and quality assurance (QA) practices across the production lifecycle. By utilizing real-time data analytics and automated inspection systems, we can continuously monitor product quality, identify potential defects early, and ensure that our products meet the highest standards of excellence.
3. Enhance Data-Driven Decision Making: Leveraging data analytics to provide financial support and insights. Data-driven decision making is crucial. I recently came across a digital product that assesses the Economic Order Quantity (EOQ). This model strikes a balance between larger batch sizes to optimize production costs and smaller order quantities to minimize write-off risks.
4. Drive Standardization and Simplification: Boosting productivity through standardization, process simplification, and digital investment.
5. Focus on Value Realization: Establishing transparency on project value realization on investments by focusing on return on investment (ROI), net present value (NPV), and payback.
6. Implement Agile Methodologies: Introducing innovative funding models designed for agile methodologies, such as the product-funding model I developed, can enhance flexibility and responsiveness to market changes and is a clear alternative to waterfall project management methodology.
7. Foster Collaboration and Communication: Acting as a trusted business partner and liaising with divisional controllers and leadership teams to drive harmonization and transparency.

What is your experience in managing Operational Performance Measurements? Do you see lots of new applications leveraging AI in manufacturing, supply chain and/or quality?