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Course Outline
Understanding the Big Picture of the Business
- Why are you in business?
- Who normally gets the blame?
- Understanding Financial Metrics
What is Return on Assets and why is it important?
- What is Return on Equity?
- What is Return on Net Assets?
- What is Return on Investment Capital?
- What is EBIT(DA)?
- What is Replacement Asset Value?
Understanding Costs Associated with the Business
- What is Direct Labor?
- What is Indirect Labor?
- What Are Fixed Costs?
- What are Variable Costs?
- What are Overhead Costs?
- What is Depreciation?
Understanding Plant Losses
What are the 30 Major Losses in Manufacturing?
- Equipment Related Losses Overview
- Scheduled Downtime Losses
- Availability Losses
- Performance Losses
- Quality Losses
- Human Efficiency Related Losses Overview
- Worker Loading Hours
- Worker Utilization Hours
- Worker Effective Hours
- Worker Value Hours
- Production Resource Losses Overview
Understand Capacity Analysis & Utilization
- Overall Equipment Effectiveness
- Total Effective Equipment Performance
- Understanding Production Capacity
- Understanding Capacity Utilization
Understand Demand Fulfillment vs Demand Creation
- What is Demand Fulfillment?
- Holistic Reliability Model
- How Does it tie into Maintenance, Reliability and Operations?
- What is Demand Creation?
- Realizing True Value of Initiatives
- What is a Return on Investment
- What is cost savings?
- What is cost avoidance?
- What is an opportunity cost?
- How to calculate savings
- How to get Buy-in
- Sharing Your Successes
- Operations Areas of Opportunity- Solving Common Problems
- Maintenance Areas of opportunity to capture savings
Business Plan Development & Execution
- Why a Plan?
- Understanding Organizational Objectives
- 4 Strategies/Plans to Familiarize with and Develop
- Understanding the Overall Business Strategy
- Organizational Alignment
- Plant Plan Development
- Developing a Plant Strategy
- Developing an Operations Plan
- Developing a Maintenance Plan
- Maintenance Budgeting
Nurturing a Cultural Evolution
- ABC’s of Culture
- Understand the Maintenance System
- Understand how to error proof your processes.