Seminar Content
Seminar Content Description and Expected Outcome
Content may vary depending on seminar duration and audience preference.
Topic | Content | Expected Outcome |
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 operations. | A basic, intuitive understanding of the relations between inventory, lead time, capacity, variability, and service. |
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. |
|
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. |
|
Corrupting Influence of Variability | A description of the effects of variability on process performance and the appropriate priority to place on variability reduction in addressing process performance. |
|
Optimizing Inventories | An overview of the drivers of inventory is provided. Involves an exercise in reducing inventory while maintaining a high level of customer service. |
|
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. |
|
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. |
|
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. |
|
Computer Simulation examples and case studies | EXCEL examples for simple demonstration of concepts and applications to participants’ companies. Demonstrations of Factory Physics’ CSUITE software. |
|
Factory Physics Sales and Operations Planning | A capstone discussion demonstrating application of powerful Factory Physics concepts to firmly link optimal strategic planning to daily execution. |
|