An Experiential Journey to Discover the Winning Elements Required to Transform Manufacturing Enterprises
Asset Management has introduced a few key concepts which require a shift from focusing on initial investment to optimizing Total Cost of Ownership (TCO). The is rooted in a risk-based and science-based approach to understanding the requirements of the assets throughout their useful life. The risk-based approach drives prioritization and optimization; whereas, the science-based approach honors the Subject Matter Experts (SME’s) experience as well as seeking meaningful data to drive decisions. Shifting from a mindset of initial cost, scope and schedule to a focus on TCO requires a catalyst for change. Smart Manufacturing and IOT Solutions answer this call from an innovation and technical perspective, and Design for Reliability (DfR) and Front End Loading (FEL) respond to the necessary timeliness of the application of these tools.
Drawing parallels from a multitude of manufacturing enterprise transformations, the common aspects required for success will be explored with respect to how these success elements are also fundamental to the successful transformation of IOT and Smart Manufacturing Solutions.
The integration of DfR as well as IOT and Smart Manufacturing Solutions in the early phases of the Capital Engineering Process, by including key stakeholders and IOT solutions during Front End Planning (FEP) and Front End Loading (FEL) fuels the ownership and enthusiasm for Capital Projects. Learn how to involve and celebrate stakeholders in these early phases to differentiate the value of your Capital Projects while managing risk and leveraging innovation.
Recognizing that both IoT and DfR involve self-discovery and the vulnerability to admit: “We don’t know what we don’t know.” is the only way to break down the silos that hide a wealth of perspective, expertise and experience which can translate into value for those willing to explore.
Recognizing and engaging stakeholders to incorporate their expertise, ownership and perspectives, early in the concept and design phases, provides the opportunity to define and achieve Operational Readiness (OR), reduce the leakage from CapEx to OpEx, optimize TCO, engage the ownership and expertise of the workforce, and realize the desired performance. This presentation includes examples from a variety of manufacturing transformations.