DMDII Seminar Content
The U.S. government established the DMDII to increase competitiveness of American manufacturing by demonstrating and applying digital technology. Many managers today are uncertain about the benefits of technology and automation. A big reason is that there is great confusion about the difference between science and technology—science explains how things work, technology automates and enhances work. Make the digital thread work for you. Don’t get tied up.
The seminar content below provides application of practical, powerful operations science. The science enables managers to make productive decisions about technology with confidence. In many cases, companies already have the technology they need to greatly improve productivity. Many managers don't use existing technology well so prospects are dim for getting better performance with new technology. For new technology, the science enables rapid, accurate decision-making to evaluate and correctly employ the right technology.
The actual topics covered in the seminar may vary depending on the audience and current topics.
|Factory Physics® Overview||Basic Factory Physics framework including the need for a buffer to accommodate variability, a discussion of the three buffers available (inventory, time, and capacity), the idea of an “efficient frontier” for operations, and a high level example of how these principles can be applied to improve productivitiy of operations and technology.||A basic, intuitive understanding of the relations between inventory, lead time, capacity, variability, and service. Initial discussions on how these relationships are affected by technology.|
|Basic Factory Physics Dynamics||A description of the fundamental relationships between work in process, cycle time and throughput. Absolute Benchmarking is introduced as an objective framework for determining best, marginal and worst case performance boundaries for a process. The uses of Absolute Benchmarking for identifying process improvement opportunities are explored.||Further quantitative understanding of process performance fundamentals. Understanding of the use of Absolute Benchmarking. Preliminary evaluations of where participants process (es) are performing.|
|Variability Basics||A quantitative description of the parameters and equations governing variability in process performance. Definition of the three levers (inventory, time and capacity) used to manage variability when trying to achieve best cash flow and highest profitability.||Improved understanding of the drivers of variability in processes. Improved understanding of the strengths and weaknesses of technology and popular continuous improvement technologies.S|
|Corrupting Influence of Variability||A description of the effects of variability on process performance, digital technology and the appropriate priority to place on variability reduction in addressing process performance.||Improved understanding of the role of variability in process performance. A framework for understanding appropriate uses of technology, Six Sigma, Lean, and Theory of Constraint tools in performance improvement efforts|
|Optimizing Inventory||An overview of the drivers of inventory is provided. Numerous exercises to re-enforce concepts.||Better understanding of inventory management and methods to improve existing operations. Mastery of an optimal safety stock estimator. Familiarization with the use of efficient frontier curves for making strategic inventory decisions|
|Financial Measures||The primary requirement for any business is to stay in business and that means staying profitable. Throughout the seminar, Factory Physics concepts are continually addressed in the context of how they help achieve financial and marketing objectives.||An understanding of how the natural conflicts in business are best managed to achieve highest possible cash flow. Improved understanding of the strengths and weaknesses of standard cost accounting and how to address them.|
|Value Stream Mapping +||Combining the best of value stream mapping ideas with Factory Physics analytics to provide a powerful tool to identify and optimize a value stream||Participants will learn how to extend traditional VSM training to include capacity utilization, inventory, and on-time delivery. Appreciate the power of value stream optimization in addition to mapping|
|Factory Physics Planning and Scheduling||This module pulls together many of the other modules to provide a system for planning and scheduling that combines the best of ERP and Lean to create a planning system that is simple, efficient, and robust.||Overview of MRP, Lean and best uses of planning and control technology. Exploration of techniques, based on operations, to provide best possible, and easiest planning and control of operations or supply chains.|