The evolution of technological capabilities and process improvements are common and popular subject matter, both at LNS Research and other websites that focus on consumer and enterprise issues alike. What grabs less headlines, however, is how the metrics and measurements around these processes may need to evolve to support advances in products and processes. It's a question explored in this week's round-up...
Industries that heavily rely on their supplier changes and obtaining parts from several outlets understand the importance of having established processes for evaluating suppliers and their efficiency. IQS Software’s most recent blog post poses the questions of if PPM (parts per million) metrics are still an effective measurement. The article defines PPM and how the measurement has evolved (or lacked evolution) and how an Enterprise Quality Management Software (EQMS) can help reevaluate your supplier network and improve evaluation techniques. Read more…
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Due to the substantial improvements in processing power and device miniaturizations, smart products are now more widely accessible and are developing a new level of competition. The changing nature of products (greater functionality, improved reliability, reimagined utilization) are forcing companies to rethink all of their internal processes and entire value chains. This Harvard Business Review articles breaks down the connected products revolution and explores this revolution’s strategic and operational repercussions. Learn more…
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A recent survey conducted by Information Week suggests that only a few companies look to IT for driving innovation. When prompted with seven factors that will increase IT’s importance in innovation, more than 60% of these companies indicated two factors: (1) relying more on data analytics for business decisions (2) interacting more with customers through digital channels. Editor Chris Murphy provides three real-life examples of how companies (Esurance, La Quinta, Auto Auctions) are currently using their IT departments to drive innovation, improve processes, and become more customer interactive. How are these companies making waves?
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Operational Excellence can vary in meaning depending on who you ask, but it's an overarching continuous improvement journey within the majority of organizations today. For this article, let’s define Operational Excellence as the alignment and optimization of an organization’s strategic objectives with its key resources; those being people, processes, and technology. This article is geared to an audience compiled of both folks just beginning this journey as well as those that are well established and provides the main components that should in every program. Read more…
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When pursuing asset performance management, it's critical to align people, processes, and technology. LNS Research explains how.
LNS Research principal analyst Dan Miklovic discusses budget and ROI challenges in implementing asset performance management solutions.
Asset Performance Management (APM) can be a major differentiator for an organization, but it has to be approached in the right way by executives.