A common pain point is machine downtime for maintenance purposes. By leveraging data produced by sensors embedded inside plant equipment, operators can manage when it is best to schedule maintenance—obviously not during peak customer demand.
“Sensors and statistical-process controls can tell you if you’re making the cuts at the precise dimensions—right down to one one-millionth of an inch.”
Product quality is another challenge. “Say you are making a widget for an aircraft engine at a particular density, weight and size and the machine is cutting to these parameters,” Busiek says. “Sensors and statistical-process controls can tell you if you’re making the cuts at the precise dimensions—right down to one one-millionth of an inch, for instance.”
Throughput is another problem area—knowing why there are bottlenecks and where—to ensure manufacturing schedules are optimized across the plant. Again, sensors and software can provide this vital information, which typically required physical inspections in the past.
Supply chains can be optimized by integrating the plant IT systems with enterprise systems managing suppliers, procurement, inventory and working capital. “You can look from the front end to the back end into everything on a dashboard, whereas you didn’t have that capability 10 years ago,” Busiek says.
Chief Executive Group exists to improve the performance of U.S. CEOs, senior executives and public-company directors, helping you grow your companies, build your communities and strengthen society. Learn more at chiefexecutivegroup.com.
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1:00 - 5:00 pm
Over 70% of Executives Surveyed Agree: Many Strategic Planning Efforts Lack Systematic Approach Tips for Enhancing Your Strategic Planning Process
Executives expressed frustration with their current strategic planning process. Issues include:
Steve Rutan and Denise Harrison have put together an afternoon workshop that will provide the tools you need to address these concerns. They have worked with hundreds of executives to develop a systematic approach that will enable your team to make better decisions during strategic planning. Steve and Denise will walk you through exercises for prioritizing your lists and steps that will reset and reinvigorate your process. This will be a hands-on workshop that will enable you to think about your business as you use the tools that are being presented. If you are ready for a Strategic Planning tune-up, select this workshop in your registration form. The additional fee of $695 will be added to your total.
2:00 - 5:00 pm
Female leaders face the same issues all leaders do, but they often face additional challenges too. In this peer session, we will facilitate a discussion of best practices and how to overcome common barriers to help women leaders be more effective within and outside their organizations.
Limited space available.
10:30 - 5:00 pm
General’s Retreat at Hermitage Golf Course
Sponsored by UBS
General’s Retreat, built in 1986 with architect Gary Roger Baird, has been voted the “Best Golf Course in Nashville” and is a “must play” when visiting the Nashville, Tennessee area. With the beautiful setting along the Cumberland River, golfers of all capabilities will thoroughly enjoy the golf, scenery and hospitality.
The golf outing fee includes transportation to and from the hotel, greens/cart fees, use of practice facilities, and boxed lunch. The bus will leave the hotel at 10:30 am for a noon shotgun start and return to the hotel after the cocktail reception following the completion of the round.
