What is a perfect world for managers? In this world all demand is met on-time at minimal cost. There are always zero raw materials and zero finished goods inventory. Machines never break down, people always show up on time, and there are never any quality defects – maximum utilization with perfect quality. This provides maximum cash flow and profit with perfect customer service. Unfortunately we live in the real world and wishing for or working toward achieving a perfect world is an exercise in frustration. There is one word that prevents managers from attaining the perfect world: variability.
Factory Physics® can help managers understand and apply practical operations science to make the best of their world with all its variability in product mix, demand, people, and processes. However, compared with Lean or Six Sigma, Factory Physics® is different because it defines the operations science anyone can use right now to establish better control and improve performance. Nevertheless, it enables companies to focus and accelerate existing Lean Manufacturing or Six Sigma efforts without eliminating those resources!
Next seminar Date: November 5, 2018 – November 6, 2018