Manufacturing Analytics Summit 2014 Chicago: Day 2 Highlights
Highlights from the presentations by Analytics leaders from World Fuel Services, Vigilent Corporation, Caterpillar and SunEdison on day 2 of Manufacturing Analytics Summit 2014 in Chicago.
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We provide here a summary of selected talks along with the key takeaways.
Highlights from Day 1
Here are highlights from Day 2 (Thursday, May 22, 2014):

Next, he demonstrated through an example how does crude oil supply chain data systems look like today, how it is slowly changing and how it will look into future; highlighting the increasing move towards cloud-based infrastructure. During data collection, it is important to provide alternatives for when it is difficult to collect certain data. Also, standards such as ISO, ANSI, IEEE or API (American Petroleum Institute) must be used to reduce data complexity and ease the integration of different systems. Next, object oriented thinking should be leveraged to design data architecture for managing all these supply chain objects.
Decentralize resources in order to unleash creativity and speed to market. Focus IT on the core value-add of managing data and connecting to internal/external systems. De-emphasize creation of front-end systems. Also, if a firm is not in the business of software development, simply outsource that work to focus on its key capabilities. Talking about execution, he noted that a product needs an imperfect 1.0 version to be released rapidly. Focus should be on passing the test of human intelligence and achieving the critical mass. In conclusion, he suggested that organizations should be careful to not kill innovation. Let the innovators be creative and then "organize" their innovation.

Drawing upon his extensive supply chain experience, Curt suggested that it is far better to focus on Critical Few metrics rather than on Important Many metrics. He suggested the following metrics for maintaining an efficient and effective supply chain:
- Quality (product specification and ISO 9001 results)
- Total Cost (materials + labor + cost of quality)
- Schedule (reduce lead times and meet schedule)
- Issues Resolution (timely, proactive and complete)
- Partnership (partners should care about the total finished product, regardless of what part they make)

In its pursuit to harness technology to meet these challenges, Caterpillar has developed various systems to collect and transform data using digital manufacturing and immersive technologies to support lean product and factory development. He described how his firm is doing low cost data collection using "GoPro" cameras. He also explained how digital manufacturing is addressing "Design for X" issues. Finally, he demonstrated how the above initiatives along with others are improving quality and velocity of facility design process through immersive technology.

- Temporary (timing) – In process activity
- Actions (specific tasks)
- Permanent (what deliverables must be met to “lock-in” the objective)
- Result (what is the objective)
OPPMs help the project by clearly defining the objectives, limiting scope creeps, ensuring proper communication and thoroughly evaluating the results.
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