A Large Industrial is Reinventing Operational Excellence with Digital Technology [MondayMusings]

Posted by Matthew Littlefield on Mon, Jan 22, 2018 @ 10:00 AM

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from the previous week’s briefings, events, and publications @LNSResearch.

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LNS Research believes that 2018 will be the year that the dogmatic approach to Lean and Six Sigma breaks down. A new breed of large industrial company will emerge and prove that an innovative approach is needed to fully capture the potential benefits of digital technology in manufacturing.

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Tags: Industrial Internet of Things (IIoT), Digital Transformation, Industry 4.0 / Smart Manufacturing, Artificial Intelligence / Machine Learning (AI/ML), IT/OT, #MondayMusings

2017 APM Prediction Report Card

Posted by Dan Miklovic on Wed, Jan 03, 2018 @ 09:01 AM

Every year LNS Research puts forth predictions around the key trends in the Operational Excellence pillars.  In the case of asset performance management (APM), our 2017 forecast focused on a new model emerging for APM, which we ultimately called APM 4.0.  In fact, the "4.0" model also became the basis of our EQMS and EHS coverage throughout 2017, because incorporating digital technologies inherent in business transformation today have become core to every element of Operational Excellence. The specific APM predictions were:

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Tags: Enterprise Asset Management (EAM), Asset Performance Management (APM)

3 Things to Expect in 2018: IIoT Predictions Your C-Suite Needs to Hear ASAP

Posted by Matthew Littlefield on Tue, Dec 26, 2017 @ 11:30 AM

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2017 has been a memorable year in the world of IIoT and Digital Transformation – we passed the milestone of transition from peak hype and talking about what’s possible, to actually planning and in some cases doing what’s practical.

The vendor community had its fair share of high-profile setbacks, but positive momentum outweighed the negative.  As we move into the post-peak hype era many winners will emerge – vendors, yes, but most importantly industrial end users.  The manufacturing enterprise C-suite needs to consider the business ramifications now; those who are already on the journey or have their plans in place are going to win big.  The ones that don’t?—Let’s just say that any business still doubting or “considering it” may very well be in a difficult spot in 2019 or even as early as the end of 2018.

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Tags: Operational Excellence, Cloud, Industrial Internet of Things (IIoT), Digital Transformation

OSIsoft Creates New Growth Potential

Posted by Andrew Hughes on Thu, Dec 21, 2017 @ 10:15 AM

Over the last few months, we’ve had many interactions with OSIsoft; we were delighted to attend its recent European user conference in London’s vibrant docklands and followed that up with a number of conversations.  The numerous encounters gives us a chance to look back and consider how things are moving forward for the organization.  As always, OSIsoft attracted a plethora of large industrial companies that are household names to its event, not just to attend but to speak about their successes with PI System.

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Tags: Solution Vendor / Software Vendor, Information Technology, Industrial Internet of Things (IIoT), Digital Transformation

NPI: What's the Impact of Data and Cross-Functional Collaboration on Outcomes?

Posted by Dan Jacob on Thu, Dec 14, 2017 @ 09:10 AM

It's no secret that companies that benchmark performance against actual practices in operations, quality, environmental, safety, risk management, energy, and many others are able to drive and sustain higher performance levels, and contribute meaningful value to enterprise objectives.  Even companies that are long-time pros at benchmarking performance in these areas often struggle to pinpoint best practices that have a beneficial impact on new product introductions (NPI).  When so much is at stake, what's holding them back?

The fact is, the pressure is on and growing for manufacturers:

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Tags: Metrics, New Product Introduction (NPI)

EHS 4.0: New Risks, Opportunities Demand a Strategic Approach to EHS Management

Posted by Peter Bussey on Wed, Dec 06, 2017 @ 11:20 AM

Change creates risk. The increased complexity and rate of change in the global business environment presents new risks to manage, despite resource constraints. Much of the change occurring today in industrial operations and global supply change is enabled by technology.

Digital Transformation (aka the fourth industrial revolution) is upon us. Industrial organizations strive to compete using emerging technologies such as the Industrial Internet of Things (IIoT) and Big Data analytics. For environment, health and safety (EHS) leaders, this creates new business and operational risks to be managed, and new opportunities to optimize performance.

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Tags: Environment, Health and Safety (EHS)

Plex Systems: Can Cloud Manufacturing ERP Break Through? [MondayMusings]

Posted by Dan Jacob on Mon, Dec 04, 2017 @ 02:00 PM

Plex Systems is a cloud, software-as-a-service (SaaS), multitenant enterprise resource planning (ERP) and manufacturing execution system (MES) vendor with a historical focus on discrete manufacturers that are small and mid-size businesses (SMB) headquartered in North America, largely across the automotive supply chain. The company does have a growing number of customers in food and beverage and high tech. LNS Research recently participated in Plex’s Future of Manufacturing Roundtable, a joint customer advisory board / analyst event. The conference featured a combined review of Plex System’s 2017 progress, customer engagement, and forward-looking plans.

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Tags: Cloud, Enterprise Resource Planning (ERP), Solution Vendor / Software Vendor, Manufacturing Execution System (MES), #MondayMusings

5 Mistakes Companies Make In Their Operational Excellence Program

Posted by Dan Miklovic on Thu, Nov 30, 2017 @ 11:01 AM

Data from LNS’s surveys related to asset performance management (APM) and the Industrial Internet of Things (IIoT) all point to improvement in operational performance as the key driver for investment in those two areas.  LNS believes that the pursuit of better performance is captured in our definition of Operational Excellence. Operational Excellence is the second step of LNS's Digital Transformation Framework, following setting Strategic Objectives for Digital Transformation and the precursor to defining an Operational Architecture. The biggest mistake that most companies make is that they don’t take the time to establish what Operational Excellence means to their business.  Even those that do have an idea of what Operational Excellence looks like for their business still risk making critical mistakes when trying to capture that definition and communicate it throughout the organization. Failing to pursue Operational Excellence is a recipe for mediocrity.  Don’t make these five mistakes in your pursuit of Operational Excellence.

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Tags: Operational Excellence, Business Process Management (BPM)

Design for Reliability: State of the Market and Transformation

Posted by Dan Jacob on Tue, Nov 28, 2017 @ 09:29 AM

What do vehicles, transmissions, HVAC, and appliances have in common?  Among other things, they are all historically primarily mechanical products that now contain increasing electronic and software content, which is broadly true of many product categories.  While these new devices deliver unprecedented performance or convenience, the shift in product content means product complexity like never before.  And, as complexity increases, so too does the probability of failure of at least some components.  Unfortunately for manufacturers, reliability and warranty expectations have, if anything, become more stringent.

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Tags: Cost of Quality (CoQ), Digital Transformation

Analyzing Emerson Exchange and Automation Fair from Rockwell Automation – Two Leaders with Similar but Different Approaches [MondayMusings]

Posted by Matthew Littlefield on Mon, Nov 27, 2017 @ 02:16 PM

The #MondayMusings Industrial Transformation blog series provides insight and analysis for executives from recent briefings, events, and publications @LNSResearch.

Click here to speak to Matt Littlefield

Labor Day to Thanksgiving is typically a three-month sprint for industrial automation and software analysts, with many of the leading vendors holding annual conferences. That means the week after is both a time to give thanks and enjoy a respite from heavy travel.

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Tags: Solution Vendor / Software Vendor, Digital Transformation, #MondayMusings