Industrial Training

Industrial Training Blog

Big Data, how to calculate ROI for downtime.

Just as True Downtime Cost ™ (TDC) justify Lean projects, it works for Big Data projects too.

The source article linked to at the bottom of this page, introduces the two missing elements in most industrial big data initiatives that result in failure for end users to realize their Return On Investment (ROI) goal. Gain insight on how to calculate ROI for industrial big data collection using a real downtime costing system, TDC.

Read about …

2 barriers to industrial big data:

  • Realizing the ROI.
  • Acting on the big data collected.

Then read excerpts from our example …

Big Data Action Plan:

How to define downtime cost for better business continuity, and much more.

End with a clarification of The Bottom Line. See …

Source: Big Data, how to calculate ROI for downtime.

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October 19, 2018 Posted by | Lean, Management | , , , , , , | Leave a comment

Industrial Skills Training: LEAN Maintenance Practices

Industrial Skills Training: LEAN Maintenance Practices << Click to read.

Lean Maintenance Principles

What do you about the above link, will manufacturing automation lead to more Lean Maintenance practices, which will in turn lead to Six Sigma Black Belt Maintenance Techs?

July 14, 2013 Posted by | Education, Lean, maintenance, manufacturing | , , , | 6 Comments

Overall Equipment Effectiveness: Benchmark Data by Industry

Overall Equipment Effectiveness survey by industry

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Overall Equipment Effectiveness: Benchmark Data by Industry.

OEE survey by industry

Overall Equipment Effectiveness survey by industry. (Remember OEE measuring methods are not as consistent and reliable as TEEP, so unless the same team is conducting OEE across all industries, measurement methods and schedules may be adjusted causing survey results that are misleading. An apples to oranges comparison.)

For details see link at top of this page.

February 4, 2013 Posted by | Lean, manufacturing | , , , , , , , | Leave a comment

Shareholders versus Stakeholders – Evolving Excellence

Lean proponents believe that fairly, even well, compensated employees; suppliers sure they will be dealt with fairly if they invest in the long term health of their customers; customers who receive the most for their money; and communities living with assurance that local employers are long term residents will all go beyond the call of duty to assure the success of the business.”


Read more: at Evolving Excellence click 
Shareholders versus Stakeholders – Evolving Excellence.

January 8, 2013 Posted by | manufacturing | , , , , , , | Leave a comment

Lean in manufacturing – Jadoka

Lean Manufacturing implementation training video for Jidoka (Automation with a human touch). Also known as Jidoka

June 9, 2012 Posted by | Uncategorized | , , , | 1 Comment

   

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