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MBE consulting excellence in everything we do…

MBE consulting excellence in everything we do…

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MBE consulting excellence in everything we do…. Agenda. The Current Situation in WaveRiders Approaches Asset Management (AM) Knowledge Management (KM) Tools we suggest Just In Time (JIT) 6-S Methodology Knowledge Management EFQM Conclusion. The Current Situation in WaveRiders. - PowerPoint PPT Presentation

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Page 1: MBE consulting  excellence in everything  we do…

MBE consulting excellence in everything

we do…

Page 2: MBE consulting  excellence in everything  we do…

Agenda The Current Situation in WaveRiders Approaches

Asset Management (AM) Knowledge Management (KM)

Tools we suggest Just In Time (JIT) 6-S Methodology

Knowledge Management EFQM Conclusion

Page 3: MBE consulting  excellence in everything  we do…

THE CURRENT SITUATION IN WAVERIDERS

Page 4: MBE consulting  excellence in everything  we do…

WaveRiders and Asset ManagementProblem: overstock (inventory management)

Production Director“It seems that everyone is saying the company's problems are due to over production. I think it's more to do with ambitious forecasting from sales when they reduced the prices last year….Stock is an issue and we need to resolve it, as some of the stock is a bit old.”

-5 -4 -3 -2 Last Year

Sales History 1551 1468 1410 1321 1296

Stock (from B/S) 852 1063 1283 1482 1764

-5.4% -4.0% -6.3% -1.9%

24.8% 20.7% 15.5% 19.0%

Page 5: MBE consulting  excellence in everything  we do…

Analysis of the Current Problem

Overstock

Lack of Knowledge Sharing

Lack of Communication

Undesirable Working Environment

Lack of Inventory

Management

Page 6: MBE consulting  excellence in everything  we do…

Approaches to Solve the Problem of Overstock

Overstock

Lack of Inventory

Management

Lack of Communication

Undesirable Working

Environment

Lack of Knowledge

Sharing

Knowledge Management

AssetManagement

Page 7: MBE consulting  excellence in everything  we do…

ASSET MANAGEMENT & KNOWLEDGE MANAGEMENT

Page 8: MBE consulting  excellence in everything  we do…

Asset management A systematic process of maintaining, upgrading and operating physical

assets Enhances knowledge of assets and their respective values for

organization

Asset management aspects: Facilities management Maintenance Resource utilization Life-cycle cost management Environmental management Security Health and safety

Page 9: MBE consulting  excellence in everything  we do…

Overview of WaveRiders Assets Buildings Equipment engineering assets Inventory Software People Knowledge assets which enhance and

improve performance of engineering assets

Page 10: MBE consulting  excellence in everything  we do…

Knowledge Management Knowledge management (KM) is process of building

organizational intelligence by enabling people to improve the way they work by capturing, sharing, and using knowledge.

It involves using the ideas and experience of employees, customers and suppliers to improve the organization's performance.

Page 11: MBE consulting  excellence in everything  we do…

Knowledge management Knowledge management could enhance and

improve the performance of asset management

Security

Environmental Management

Life Cycle Management

Health & Safety

Facilities Management

Maintenance

KnowledgeResources Utilization

Page 12: MBE consulting  excellence in everything  we do…

JUST IN TIME (JIT)

Page 13: MBE consulting  excellence in everything  we do…

Just In Time (JIT) Inventory strategy System that produces required item at the

time and quantities needed Customer demand driven (“pull”)

Page 14: MBE consulting  excellence in everything  we do…

Benefits of JIT Reduced inventories Improved quality Shorter leads time Less capital tied up in raw materials and

finished goods inventory Reduction of waste (non-value added time

and cost)

Page 15: MBE consulting  excellence in everything  we do…

JIT best practices and results Large Companies

Toyota, Dell (results in cost savings, superior customer satisfaction, limited waste, and the ability to provide their suppliers with more information. In the end these benefits all result in a cost savings for and higher revenue) (Broyles 2005)

SME Daioku company, Taiwan (improved inventory (6 time reduction in inventory), shorter leads time, improved quality) (Gunasekaran and Lyu 1997)

Page 16: MBE consulting  excellence in everything  we do…

Guidelines for JIT in WaveRiders Involvement of all employees Top-management support Training and development, both technical and behavioral of

managers and production workers Measurable goals of the JIT process need to be established Communication between production and marketing department Communication upstream and downstream Cooperation between employees Involvement of suppliers (creating long-term relationships with

suppliers, open communication with supplier, understanding of the process by the supplier and company, explanation and supplier training)

Page 17: MBE consulting  excellence in everything  we do…

KANBAN A Japanese technique and a JIT tool (kanban = card) Control timing and the required production amount of the

processes Request more manufacturing materials by using card A well planned “push” system of manufacturing planning The late processes requires only the amount that they

consume the material and the time from the previous processes

Page 18: MBE consulting  excellence in everything  we do…

How KANBAN Works

Page 19: MBE consulting  excellence in everything  we do…

How to Set Up a Simple KANBAN System

Page 20: MBE consulting  excellence in everything  we do…

6-S METHODOLOGY

Page 21: MBE consulting  excellence in everything  we do…

6-S Methodology

Messy-environment Over production

Clean –environment Quality-focusing

Why 6-S Methodology?

Page 22: MBE consulting  excellence in everything  we do…

What is 6s(5s)? Phase 1 – Seiri / Sorting: get rid of accumulated junk that

has no value to the job at hand Phase 2 – Seiton/Straighten: organize what remains/as

fast as possible to reach Phase 3 – Seisô / Sweeping: creat a clean and bright

environment for precision work Phase 4 – Seiketsu /Standardizing: standardize 3s to

prevent it from degracing Phase 5 – Shitsuke/ Sustaining : remain and rethink the

4s established and make improvement Phase 6-Safety: a consideration of safety in the first place

Page 23: MBE consulting  excellence in everything  we do…

Benefits Running the manufacturing plant as smoothly

as possible/saving time Stardardization makes any one working in

the place more comfortable and efficient/raising efficiency

Organizing manufacturing process by having everyhing where it should be and working as it should be/improving quality

Page 24: MBE consulting  excellence in everything  we do…

How to Start? Introduding 5s to employees by having

meeting Creating a system or a project team(specially

trained) to carry out and ensure the condition stays high standarded

Painting the work place with light colours (more easily to remain clean)

Speciify responsibility to individuals

Page 25: MBE consulting  excellence in everything  we do…

Days Remove the broken components, useless tools, obsolete

charts…(anything not needed for the job at hand, eliminate it) Position the materials and tools remained as convenient as

possible…(any operator couldn’t begin work right away, reorganize it)

Remove dust, dirt and contamination on the materials and tools very time before begin work (deteriorating more easily spotted)

Check and repair lighting fixtures Remove any potential hazard/prepare insurance for potential

risks

Page 26: MBE consulting  excellence in everything  we do…

Weeks Marking between different manufacturing

group could be considered as a visual control

Manager has to observe and supervise the manufacuring groups by week

Marking between different manufacturing group (visual control)

Page 27: MBE consulting  excellence in everything  we do…

Monthly - Benchmarking Ranking manufacturing groups by weekly

scores-choose the best one

Experience recommendation-lesson learned

Knowledge spreading out- learning by doing

Page 28: MBE consulting  excellence in everything  we do…

KNOWLEDGE MANAGEMENT

Page 29: MBE consulting  excellence in everything  we do…

Knowledge Management Asset management could be sucessful if there is coordination and

communication among employees, teams and departments. Improved coordination and communication can be achieved through

an approach of knowledge management. Knowledge management could help the achievement of: - shared vision and culture by employees at all levels; - improvement of skills and competencies which could ultimately

lead to effectiveness and efficiency of practices of employees of the organisation

- to avoid duplication of mistakes through sharing of experiences - to avoid gaps or repetition of work through effective communication

Page 30: MBE consulting  excellence in everything  we do…

Guidelines for KM in WaveRiders- creating knowledge sharing culture and environment- empowerment of employees (encourage to take risk and

initiatives; encourage to take ownership for equipment and working environment, processes)

- train employees to share knowledge, explain why it is important - show employees that sharing of knowledge is a part of their job- remove “blaming” culture- promote trust;- provide means of communication: meetings, feedback, reviews - record important data, create databases, make knowledge of

others be accessible to other employees

Page 31: MBE consulting  excellence in everything  we do…

THE EFQM MODEL

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EFQM Model

Page 33: MBE consulting  excellence in everything  we do…

EFQM Model and Asset Management

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CONCLUSION

Page 35: MBE consulting  excellence in everything  we do…

Conclusion

AM is now gaining greater recognition and acceptance as a significant influence upon organisational success and goal achievement which can enhance business performance.

Failure to capture and transfer knowledge leads to the increased risk of ‘reinventing the wheel’, wasted activity, and impaired organisational performance

Successful knowledge management could overcome learning barriers, through instilling a learning and knowledge sharing environment, providing vision and effective leadership.

This type of change results in performance improvement for effectiveness in Asset Management

Page 36: MBE consulting  excellence in everything  we do…

QUESTIONS?Thank You!