“All these elements are part of smart manufacturing which mean not only doing more with less but changing the process by which you normally make things,” says Joe Nettemeyer. He points to the example of Samsung which faced the dilemma of having to shut down a flat panel manufacturing plant because the current system using hard-wired sensing devices couldn’t allow for making panels more than 60 inches to accommodate demand for panels that had to be 8o inches. Valin showed Samsung how to redesign the manufacturing process using wireless sensing devices. Without the redesign Samsung would have faced a retooling that would have cost 20 times the cost of the upgrade.
“Technology is advancing so quickly that just to stay in the marketplace it forces all of us to change what we do,” says Nettemeyer. “Smart also opens the door to new materials at the molecular level. Nanotechnology and 3-D printing are the future of manufacturing.”
“12 years ago we were large a parts provider to the semiconductor industry. After our sales dropped from $75 million to $25 million in the wake of the dotcom bust, we realized our parts were being shopped out and our own returns dropped accordingly. We realized that we had to offer integrated services and upgrade to offering consultative engineering solutions,” he says. “In the last five years we’ve built revenue up to $200 million and raised returns to shareholders by 270 percent.”
Meet Lynn Tilton, Keith Nosbusch and other Smart Manufacturing leaders on May 21-22 by joining us at the Smart Manufacturing Summit, where mid-market manufacturing CEOs connect with top-performing peers and learn best practices. This extraordinary event brings together the thinkers and doers who are writing American manufacturing’s comeback story. Don’t miss this unique opportunity to bring fresh thinking to the opportunities and threats facing your business.
Our full lineup of speakers:
Alan Mulally, CEO, Ford Motor Company
Farooq Kathwari, President, Chairman, & CEO Ethan Allen Interiors
Dr. George Calvert, Chief Supply Chain and R&D Officer, Amway
Dave Bozeman, SVP of Caterpillar Enterprise Systems unit of Caterpillar
Keith Nosbusch, Chairman & CEO, Rockwell Automation
Stephanie Streeter, CEO, Libbey
John Fleming, Global Head of Manufacturing at Ford
Jim Jarrell, President, Linamar
Jason Blessing, CEO, Plex Systems.
Cristian Pedersen, General Manager, Microsoft Dynamics
Doug Farren, Associate Director, National Center for the Middle Market
To find out more about how the Smart Manufacturing Summit can help you improve your business and expand your network, please visit Smart Manufacturing Summit.
Read: https://www.valin.com/systems
Read: https://smartmanufacturingcoalition.org/
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.
