Operations Management
Analytics can help businesses achieve strategic and operational objectives such as maximize yield, reduce waste, cut operational and maintenance costs, optimize schedules and support lean manufacturing projects. We support in…
PORTFOLIO STRATEGY
Rationalizing business and product portfolio is always a challenge for most businesses. Often different markets demand a separate portfolio.
We help in monitoring and managing the portfolio by identifying and creating KPIs and metrics necessary to quantify performance and aligning it to corporate vision.
INTEGRATED DEMAND FORECASTING
Demand forecasts matter because they guide a production chain and can be the difference between strong sales or a warehouse full of unpurchased inventory.
For most companies, forecasts are based on previous years’ historic values, and not on more actionable forward-looking data. One can combine existing data with predictive analytics to build a more precise projection of what purchasing trends will be.
PERFORMANCE MANAGEMENT
In an era where completion is high, margins are low and scope of error are minimal, it is important to monitor and manage the business performance in an efficient manner.
We work with clients in development and implementation of financial and non-financial metric to evaluate the growth of the organization. This includes Identifing and defining the KPIs for the business and identify the drivers for the KPIs. Design, build, publish and maintain dashboards for monitoring the KPIs
RESOURCE OPTIMIZATION
Data and Analytics can help in optimization of resources through proper allocation, scheduling, reducing wastage and managing productivity.
Our resource allocation models help manage operations with optimal resource size by identifying peak and trough periods and also identifying optimal productivity levels.
We also develop models to track resource productivity. This service also extends to utilization of resources in the distribution process
ASSET UTILIZATION
Many industries within the manufacturing sector hold high capital investments on machinery and equipment. For these industries, maximizing the Return on Assets (RoA), is of outmost importance.
In order to succeed, careful job scheduling, timely maintenance and short changeover times must be meticulously planned.
We offer scheduling solutions which helps in maximum utilization of assets. We also provide modeling solutions for preventive maintenance based on equipment’s Mean Time between Failures and other factors driving machine failures.
Waste Reduction
The ‘fully loaded’ cost of waste is huge – a general rule of thumb is to multiply the cost of scrap by 10x to arrive at the true cost of waste to the business. Understanding the benefits behind minimizing waste and preventing losses is crucial for profitable/successful manufacturing.
The root causes of the waste – specifically in process manufacturing industries – often stem from process inefficiencies in the production line. We help to track the waste origins and develop a monitoring mechanism to highlight intervention points and time.
QUALITY CONTROL
Quality control problems results in wasting raw materials, recalls of products, and even damages to company reputation. The big questions that organizations ask are often:
1.“Why is it more and more difficult to achieve the quality target?”
2.“How can we know that there is something wrong in advance, before shipping the product?”
We help track the 4 Ms i.e. Machines or Aging assets, Materials, Method and Manpower to understand quality test failures. We also help in developing predictive models to identify defective batches so that it can be stopped from shipping.