Operations Strategies Deliver Financial Results with Factory Physics Scientific Framework

Location: Oak Park, Illinois (The Carleton of Oak Park) (Directions)
Date: January 24-25, 2010
Time: 8:30 AM - 4:30 PM

Registration for this seminar is closed.

It's a new year, but every second still counts and budget dollars are still tight. Demand continues to be down and prospects continue to be tough. The only way to survive is to be the most efficient producer and offer the best customer responsiveness. Not everyone is going to survive in this struggling economy - only those who can adapt will survive and thrive. The powerful insight provided by the Factory Physics methodology is now more valuable than ever before.

The cost of the seminar is $1950.00 for each participant. For registrations received through February 19, 2010 each participant will receive an early bird discount of $300.00. To inquire about a group discount for 3 or more participants from a single organization, please send an e-mail to US-Seminar@factoryphysics.com.

Seminar Content Description and Expected Outcome

Subject Matter	Content	Expected Outcome
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. The identification of the three buffers of variability-inventory, time and capacity	Improved understanding of the drivers of variability in processes. Improved understanding of the strengths and weaknesses of Six Sigma as a process improvement methodology.
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. The relationship of classic Six Sigma techniques to overall performance improvement effort is described.	Improved understanding of the role of variability in process performance. A framework for understanding appropriate uses of Six Sigma tools in performance improvement efforts.
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.	Better understanding of inventory management and methods to improve existing operations.
Financial Measures	Throughout the seminar, the subject of standard cost accounting measures and their potential distortion of understanding are demonstrated.	Improved understanding of the strengths and weaknesses of standard cost accounting measures and solutions for addressing the gaps.
Computer Simulation examples and case studies	An overview of the possibilities of LPST. This software package can be used to model production lines in order to pinpoint improvement areas. It can also be integrated with the major ERP platforms	Insight how a software tool can be used to assess a line. Knowledge how to interpret the outcome of a simulation.