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)

5 Real Surprises from the 2016 Metrics that Matter Research Study

Posted by Greg Goodwin on Thu, Apr 28, 2016 @ 10:00 AM

For those who are unaware, every two years here at LNS Research we engage with MESA International to conduct the “Metrics that Matter” research study – focused on identifying the most important and cutting edge trends in manufacturing; particularly on the key performance indicators (KPIs) that companies are using as well as the improvements displayed therein.

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Tags: Operational Excellence, Metrics, Manufacturing Operations Management (MOM), Big Data, Industrial Internet of Things (IIoT)

GE Invests in Sight Machine's Future & Cisco and Rockwell Drive Success for Daimler Trucks

Posted by Justine Holt on Sun, Mar 27, 2016 @ 10:00 AM

GE Invests in Sight Machine to Build out Big Data and IIoT Capabilities

GE Ventures, the start-up collaboration division of General Electric, has invested $13.5 million in Sight Machine, a manufacturing analytics solution provider with customers in the automotive, life sciences, and consumer goods industries. The move comes as part of the industrial/IT giant’s initiative to gain more data from factory floor machines and assets, and as a part of its larger strategy to shift toward a digital company at the forefront of Industrial Internet of Things (IIoT), which was signaled in its September 2015 announcement of the GE Digital business segment.

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Tags: Metrics, Manufacturing Operations Management (MOM), Big Data, Smart Connected Assets, Industrial Internet of Things (IIoT), Digital Transformation

How to Solve the Data Scientist Skills Shortage

Posted by Matthew Littlefield on Thu, Jan 28, 2016 @ 10:00 AM

We at LNS Research have spent the past several years researching, writing, advising, and consulting on Big Data Analytics in the industrial sector. As part of our Metrics that Matter research we have shown how manufacturers believe areas like business model transformation and asset value.

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Tags: Metrics, Big Data, Industrial Internet of Things (IIoT)

Manufacturing Metrics in 2016: Tell Us Which Matter to You

Posted by Andrew Hughes on Wed, Jan 13, 2016 @ 10:30 AM

As we move into 2016 with high hopes for manufacturing in general and the industrial software industry in particular, we are delighted to announce the fourth installment of the Metrics That Matter (MTM) survey jointly presented by MESA International and LNS Research.

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Tags: Metrics

How to Increase Asset Performance Visibility by Using Metrics

Posted by Jason Kasper on Thu, Dec 03, 2015 @ 10:33 AM

The LNS Research Asset Performance Management (APM) survey has clearly shown by almost 50%, that the number-one goal to improving asset performance within an organization is to have better operational performance.  So, now the questions to ask and discuss are:

  • How do I, as an APM software user, prove that our organizations investments in the APM landscape are working?
  • How do I prove this by providing visibility within the department all the way up at the senior level of the organization to make sure this is the case?
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Tags: Metrics, Smart Connected Assets, Enterprise Asset Management (EAM), Asset Performance Management (APM)

Why Usage-Based Maintenance Is Still Preventive Maintenance

Posted by Dan Miklovic on Mon, Jan 19, 2015 @ 08:30 AM

As organizations look to improve their maintenance effectiveness, many have taken the step of identifying critical production assets and collecting actual operational data such as run times and cycle counts on those assets. Often this is done automatically by linking to the programmable logic controller (PLC) or similar level one control element. In other cases, a process data historian or MES or MOM application may link to the process automation equipment and will then serve as the bridge to move that data into the APM environment.

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Tags: Metrics, Asset Performance Management (APM)

The Top 5 APM Blog Posts of 2014 and What to Expect in 2015

Posted by Dan Miklovic on Fri, Jan 09, 2015 @ 02:09 PM

Sometimes we get so wrapped up in our work we don’t have time to follow all of the social media posts and utilize all the online resources to stay on top of topics we need to cover. So as you start out 2015 we went back and looked at what were the top posts about Asset Performance Management (APM) (excluding vendor-specific posts) based on both page views and Twitter likes and retweets and LinkedIn likes and comments.

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Tags: Metrics, Industrial Internet of Things (IIoT), Asset Performance Management (APM)

Think Before You Act When Choosing RCM Metrics

Posted by Dan Miklovic on Thu, Sep 25, 2014 @ 09:24 AM

Reliability-centered maintenance (RCM) has been defined in numerous ways over its evolution, from a statistics-based approach, to analyzing equipment failures, to the philosophical or stylistic broader definition more commonly accepted today which espouses a spectrum of styles from reactive maintenance to proactive maintenance with both calendar and condition-based preventative maintenance within those bounds.

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Tags: Metrics, Asset Performance Management (APM)

Choosing the Right Asset Performance Metrics (Not as Easy as You Think)

Posted by Dan Miklovic on Wed, Aug 20, 2014 @ 10:59 AM

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.

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Tags: Metrics, Asset Performance Management (APM)