Despite years of experience with a multitude of operations improvement methods, many manufacturers aren’t able to conduct rapid, integrated operations transformations across complex production systems. Companies need this ability to develop operational excellence as well as address global manufacturing competition, increase customer expectations and shift global economics. Operational excellence is the key to developing competitive products, increaseing customer satisfaction and financial performance, and responding to opportunities in a volatile market.
Achieving operational excellence requires a combination of well-executed approaches that includes the skills to understand the interconnectivity of complex processes, and not just one small segment of a process. An end-to-end improvement approach is essential. By leveraging the organizational knowledge across all hierarchical levels and tapping into the collective experiences and understanding of all staff levels, a company can effectively prioritize resources and implement accountability structures to sustain predictable and reliable processes.
UHY Advisors offers a manufacturing improvement process that integrates all key stakeholders from the beginning. By doing so, we are able to draw on a broad range of tools and methodologies without being ideologically committed to a single concept. Based on our specialized expertise, UHY Advisors has developed an Enterprise Optimization methodology, which is our proprietary approach that leverages concepts from Lean, Six Sigma, Theory of Constraints, Balanced Scorecard, among many others. Enterprise Optimization leads to rapid changes and sustainable results through the use of our Optimal Performance Management System (OPMS™), and a culture of Continuous Improvement.
If your company is experiencing any of the following, UHY Advisors can help:
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in.
The new 5G network is getting a lot of play in the press. The next generation of 5G networks will be 100 times faster than the current 4G networks. 5G networks do not have the latency issues of 4G networks and allow for a large amount of connections. The flexibility of this new technology has given many the hope that it can further support the Fourth Industrial Revolution.
Manufacturing has been through three industrial revolutions from the use of water and steam to electricity to automation. The next revolution involves connecting existing machines to one network. Appropriately, it has been dubbed the Fourth Industrial Revolution.
Mexico’s promise of tougher immigration enforcement has appeased President Trump enough to back down
According to a new Standard & Poor’s report, there are two key indicators that will tell you what kind of shape the manufacturing industry is in. The first is the Institute for Supply Management’s Purchasing Manager’s Index and the second is the Federal Reserve’s Capacity Utilization Index for motor vehicles and parts. A reading above 50 percent for the ISM index indicates that manufacturing is expanding in the US, and below 50 means that it is contracting. History shows that each time since 1983 that the index fell below 43 percent “speculative grade” automotive companies began to panic. Similarly any time the Fed’s utilization rate dropped below 72 percent during that period, it caused stress to automotive companies.