Performance reporting."The world's first dollar-based manufacturing performance reporting system" has been introduced by Hagen & Co., a supplier of software and services for manufacturing and process improvement. True Opportunity[TM] software is aimed at Overall Equipment Effectiveness The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. (OEE OEE Overall Equipment Effectiveness OEE Office of Energy Efficiency (Canada) OEE Overall Equipment Efficiency OEE Office de l'Efficacité Énergétique (Office of Energy Efficiency - Canada) ), Six Sigma Not to be confused with Sigma 6. Six Sigma is a set of practices originally developed by Motorola to systematically improve processes by eliminating defects.[1] A defect is defined as nonconformity of a product or service to its specifications. and Lean Manufacturing Lean manufacturing is the production of goods using less of everything compared to mass production: less human effort, less manufacturing space, less investment in tools, and less engineering time to develop a new product. applications and "is the only solution that calculates the true profit potential of an organization's manufacturing operations Manufacturing operations concern the operation of a facility, as opposed to maintenance, supply and distribution, health, and safety, emergency response, human resources, security, information technology and other infrastructural support organizations. ," the Marblehead, Mass.-based Hagen said in an announcement. "In addition, the solution also breaks down this total extra profit opportunity by reason, allowing an organization to focus on the problems or opportunities that will realize the greatest results." [ILLUSTRATION OMITTED] True Opportunity software prioritizes each opportunity by its financial value, enabling performance improvement teams to focus on projects that will deliver the greatest profit. Its Activity Based Costing functionality provides accurate cost, gross margin and net margin data for each product, broken down by plant and line. Initial versions of the software have been proven in projects at BP plc, Kimberly-Clark Corp., H.J. Heinz Co. and Cadbury-Schweppes plc, Hagen says. The company says that True Opportunity's reporting system presents process improvement opportunities at any level of an organization. It comes with a dashboard (1) See Mac Dashboard. (2) A software-based control panel for one or more applications, network devices or industrial machines. Dashboards display simulated gauges and dials that look somewhat like an automobile dashboard. that graphically highlights production opportunities in terms of true potential profit. These opportunities are broken down into individual "reasons," or the actions that need to be taken to recover the money. The dashboard provides performance trends and utilizes an easy-to-read "traffic light" system, showing red (out of control), orange (approaching a set limit) and green (within user-defined limits) for rapid visualization Using the computer to convert data into picture form. The most basic visualization is that of turning transaction data and summary information into charts and graphs. Visualization is used in computer-aided design (CAD) to render screen images into 3D models that can be viewed from all of problem areas. It also has drill-down capability that allows users to click on a measure or a trend for more detailed information. Web: www.hagenco.com |
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