Manufacturers that are interested in company-wide improvements, benchmarking against others in the same sector, creating strategic targets and setting business growth goals need to begin with business assessments.
CONNSTEP's Operational Assessment program is designed to help identify concrete opportunities for improvement that lead to lower costs and higher profits.
Operational Assessment
Economic impact of operational
improvements
Based on evaluations of operational
performance such as on-time delivery, equipment utilization, scrap
generation, etc., potential improvements are equated with
bottom-line returns. A nationwide database for a wide range of
industrial sectors is used to benchmark your company against
leaders in its industrial category. The benefits allow you to
decide where you should best apply your resources to maximize
returns.
An CONNSTEP Improvement Planning
Tool
CONNSTEP's Operational Assessment Transformational Planner is
the ideal tool for charting your company's journey to achieve lower
costs and higher profits. The Transformation Planner starts with
benchmarking data to show 12 key metrics in comparison to other
companies in your industry sector. Drawing on CONNSTEP's database
of nearly 11,000 industry records, the Transformation Planner has
been in used by manufacturing companies since 2001. This
proprietary tool is available exclusively through
CONNSTEP.
Contact us to learn more about the no-cost Operational Assessment
Realistic Improvement Targets
The model automatically sets improvement targets for your
organization to consider. With discussion and agreement, these
targets may be adjusted, based on realistic inputs of priority
ranking, timeframe and resource availability under your management
control.
Once final targets have been
established, the Operational Assessment calculates the potential
onetime
and recurring annual financial benefits of reaching those
targets. A main benefit to achieving those
targeted improvements is the increase in available
manufacturing capacity. After the implementation
of improvements, companies often find that they can
efficiently complete their orders with fewer production hours. With
the additional capacity, the opportunity exists to find and fulfill
more production orders, all while keeping their operation just as
busy as before.
The Operational Assessment allows
companies to model how much capacity can be made available by
implementing/achieving production improvements. Thereby it
estimates the resulting opportunity for growth - growth that can
occur with no additional investment in machinery and with no
increase in production hours.
Step-by-Step Transformation
The process begins by completing a Competitiveness Review or
PBS Questionnaire. Once the responses are analyzed by CONNSTEP and
entered, the initial Operational Assessment report is
generated.