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Introduction
Experience shown that most production plants operate in an unstable or high risk state for 60% or more of the time.
Operational risk encompasses the potential loss due to the breakdown of controls. Breakdown of control results in unpredictable and unstable production processes. By implication this condition results in an inability to meet production targets.
IME delivers Operational Performance Management solutions to the process and manufacturing industry. A structured and proven methodology is utilised to construct process status maps, analyse and troubleshoot the process to quantify Operational Risks. Projects are characterized by high returns, a strong emphasis on training and development, and solutions facilitating asset sweating.
Opportunities for adding value to your business are characterized by symptoms like:
Inability to meet production targets
Process instability
Inexplicable variation on KPI’s
Not meeting availability and reliability targets
Lack of intensive / advanced analysis of process data.
An audit and analysis of the process is motivated on the basis that:
- The root cause(s) of variation is identified and
- Opportunities are identified to manage the conditions pro-actively.
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| One of the biggest challenges within manufacturing is to implement strategy at tactical level. It is however common to find the following mismatch: |
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The competitive manufacturing environment demands:
Maximize the contribution margin.
Comply with environmental control regulations.
Maximize return on assets.
Maximize efficiency.
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In practice manufacturers experience:
Unplanned and / or early equipment failure.
Unpredictable plant performance.
Unacceptable quality variation.
Plant downtime and production loss.
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Operational Variance Management (OVM) for manufacturing has been developed as a methodology to facilitate the identification and quantification of events, conditions and issues that contribute towards higher operational risk exposure within the manufacturing industry. The structured process contributes toward development and deployment of appropriate actions mitigating and / or eliminating risks while sweating non-current assets. OVM integrates performance and risk management, facilitating realisation of goals and objectives by managing risk, in real-time, at tactical level.
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