CorVu and HSB Reliability Technologies team up to provide an Electronic Reliability Balanced Scorecard Solution.MINNEAPOLIS--(BUSINESS WIRE)--Sept. 24, 1998--CorVu Corporation, the leading provider of Performance Management, Balanced Scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing and Business Intelligence solutions, and HSB (Hue Saturation Brightness) A color space that is similar to the way an artist mixes colors by adding black and white to pure pigments. The pigments are the hues (H), measured in a circle from 0 to 359 degrees (0=red, 60=yellow, 120=green, 180=cyan, 240=blue, Reliability Technologies, the leading provider of Total Reliability Management solutions, announced today they have entered a partnership to provide an electronic reliability balanced scorecard. The integration of CorVu's Balanced Scorecard solutions into HSB Reliability Technologies' Total Reliability Management services will provide companies with a complete Total Reliability performance management solution. Under the agreement, HSB Reliability Technologies will integrate a newly developed electronic Reliability Balanced Scorecard solution into their Total Reliability Management (TRM) implementation process. This will provide HSBRT's clients immediate access to previously unobtainable reliability performance information. "The CorVu automated balanced scorecard solution complemented our Reliability Balanced Scorecard (RBS RBS Royal Bank of Scotland RBS Role Based Security RBS Rollback Segment RBS Rare Book School (University of Virginia) RBS Rural Business Cooperative Service RBS Ribosome Binding Site (genetics) ) process model by providing a flexible platform of dynamic links to databases, ease of deployment, measurement of both quantitative and qualitative metrics and a breadth of analysis capabilities," said Charles Rogers For other persons named Charles Rogers, see Charles Rogers (disambiguation). Charles Rogers (born May 23, 1981 in Saginaw, Michigan) is an American football wide receiver, currently a free agent in the NFL. , vice president of HSB Reliability Technologies. "The Reliability Balanced Scorecard will allow HSBRT customers to have an advanced performance measurement tool to measure and manage total reliability performance in pursuit of their global reliability strategies," said James Sutherlin, president of HSB Reliability Technologies. For instance, the Reliability Balanced Scorecard solution gives all levels of management a graphical representation of a variety of key performance measures such as: the number of and duration of setups/changeovers, yield rates, equipment malfunction mal·func·tion v. 1. To fail to function. 2. To function improperly. n. 1. Failure to function. 2. Faulty or abnormal functioning. rates and reliability cost per unit of measure for a given time period. This means operations management Operations management is an area of business that is concerned with the production of goods and services, and involves the responsibility of ensuring that business operations are efficient and effective. personnel can quickly analyze and proactively respond to reliability performance data, such as: frequency of machine malfunction or reliability rates for a specific process line. Such analysis will allow these managers to make better manufacturing resource planning Manufacturing Resource Planning (MRP II) is defined by APICS as a method for the effective planning of all resources of a manufacturing company. Ideally, it addresses operational planning in units, financial planning in dollars, and has a simulation capability to answer decisions. "With reliability performance information at their fingertips "Fingertips" is a 1963 number-one hit single recorded live by "Little" Stevie Wonder for Motown's Tamla label. Wonder's first hit single, "Fingertips" was the first live, non-studio recording to reach number-one on the Billboard Pop Singles chart in the United States. , operations managers using the HSB Technologies' Electronic Reliability Scorecard now have a better understanding of how they are performing against their expected reliability plan," said Justin MacIntosh, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of CorVu. Partnership Agreement HSB Reliability Technologies will provide both new and existing clients with the option of including the Electronic Reliability Scorecard in order to manage total reliability performance. HSB Reliability Technologies has signed up as a value-added reseller A value-added reseller (VAR) is a company that adds some feature(s) to an existing product(s), then resells it (usually to end-users) as an integrated product or complete "turn-key" solution. for CorVu's Balanced Scorecard solutions. CorVu's Balanced Scorecard solutions CorVu's Balanced Scorecard solutions enable organizations in any industry to measure, analyze and manage business performance delivering the following benefits: -0-
-- Communicate vision and strategy throughout the organization
-- Translate strategic and tactical corporate objectives into
individual performance measures
-- Offer every employee a blueprint for contributing to the
overall corporate vision
-- Link performance results with the processes which drive
those results
-- Align strategy with tactical operations
-- Leverage the value of all other IT applications
About CorVu CorVu Corporation is a leading international provider of business performance management, balanced scorecard and business intelligence solutions. CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Dallas, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. , San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden and Washington D.C.; Australian offices in Sydney, Melbourne, Brisbane and Perth; and European offices in London and Rotterdam. With more than 2000 customers, including companies such as BHP BHP blood hydrostatic pressure; the pressure exerted by the blood cells and plasma in the capillaries. , Datacard, Mincom, Prudential, Johnson & Johnson, Unisys, and BF Goodrich, CorVu's Business Intelligence, Performance Management and Balanced Scorecard solutions are gaining broad market acceptance. Additional information on CorVu products and services can be found on CorVu's Web site at http://www.corvu.com or call (800) 610-0769. About HSB Reliability Technologies For more than a century, HSB Reliability Technologies has been the leading provider of total reliability services. HSB Reliability Technologies improves profitability through development and implementation of reliability strategies. As experts in reliability, HSBRT provides hands-on consulting and business process management techniques to optimize companies' assets and labor utilization. HSBRT clients include many of the top Fortune 500 businesses. Additional information on HSB Reliability Technologies' services can be found on the HSBRT Web site at http://www.hsbrt.com. or call (800) 368-3371. NOTE TO EDITORS: CorVu is a trademark of CorVu Corporation. All other company and product names referenced herein are registered trademarks or trademarks of their respective owners. HSB Reliability Technologies is a company of The Hartford Steam Boiler Inspection and Insurance Company. |
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