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Industrial companies are focused on a wide range of objectives today that are highly dependent on things like industry, company size, maturity, regulatory burden, and others. But, from a financial perspective, one that looms large and is nearly universal is growing revenue.
In this week's roundup we take a deeper look at the concept of end-to-end processes, specifically in a completely digital sense. All the way from ideation, through design, simulation, manufacturing, assembly, and testing, the "digital tapestry" is a futuristic concept where the entire product lifecycle will one day be digital and collaborative. We'll explore that and more below.
Executives in today’s global organizations are feeling more pressure to perform than ever before. It’s not necessarily the case that the stakes are greater, there just happens to be a significantly more complex and broader set of challenges standing in their way. Overcoming these challenges requires agility and the ability to adapt, bold thinking, and—you guessed it—continuous learning.
Today, Environment, Health & Safety (EHS) programs are so prevalent across global manufacturing organizations, at first thought, providing a definition can feel redundant and unnecessary. However, in the midst of emerging best practices, shiny new tools and technologies, and a plethora of metrics to capture and analyze events and actions, it can be easy to forget what EHS actually is as well as how and why it emerged.
As regular readers of the LNS Research blog are aware, we are big proponents of using metrics. Our Metrics That Matter research done in conjunction with MESA highlighted what metrics manufacturers are using to manage their operations. Asset Performance Management (APM), like Manufacturing Operations Management (MOM), also has a rich set of metrics with twenty or more commonly used today.
We don’t need to be the ones to tell you everyone’s talking about big data, because if you’ve got pairs of eyes and ears then you see and hear about it everywhere. What we will tell you, though, is that interest in the topic seems to only be accelerating.
Here at LNS, we’ve delved deeply into some key areas of business performance and Operational Excellence in recent years, including Enterprise Quality Management, Manufacturing Operations Management (MOM), and Industrial Energy Management (IEM).
Google and its fleet of driverless "smart cars" have captured most of the attention in the future vision of car transportation, but there's another piece to the puzzle that may far outpace these next-generation vehicles, and it's already beginning today: Smart roads.
At LNS Research we believe in the expression “you can’t control what you don’t measure.” With that, we've focused a significant part of our research on identifying the “Metrics That Matter.” And one of the topics of most interest to our Global Executive Council is benchmarking and understanding how to measure performance.
Over the past several years, our analyst team has been enjoying front-row seats to the quality management arena. We’ve collected data from more than 1,000 different quality management leaders, and have personally spoken to a good portion of them. The analysis is showing many different trends, but one that’s standing out above all is the rising awareness and adoption of Enterprise Quality Management Software (EQMS).
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