What is Operational Excellence?
Operational Excellence is a philosophy where problem-solving, teamwork, and leadership results driven by a consistently and demanding implementation of the company business strategy. The process involves focusing on the customers' needs, keeping the employees positive and empowered, and continually improving the current activities in the workplace.
Operational Excellence drivers are based on continuous improvement methodologies, such as Lean Thinking, Innovation, Six Sigma and Scientific Management, but also integrates Organizational structure and Leadership development.
An Operationally Excellent company will have lower operational risk, lower operating costs, and increased revenues relative to its competitors, creating value for customers and shareholders and should be key for Asset Management success.
SMART Digitalization for Operational Excellence
Technology innovation are driving business to transform the traditional way of work in Operational Excellence using digitalization, expecting that this change will contribute to manage risk and improve cost, performance, quality and safety.
Digitalization can improve processes, providing new methods and opportunities for the business if the digital transformation is evaluated using a value chain business model, considering that the value created is higher than the cost of creating the value. After the transformation, sustainability is a must, so it is required to change the processes and adapt the skills to this new way of working.
Operational Excellence transformation plan
Improving your asset management system may require further operational excellence initiatives as lean, six sigma and process engineering to transform the current status. Operational excellenceâ¯is a journey that involves transformation by applying the right tools to the right processes, including digitalization when this is more effective.
These programs will help you to support or sustain your asset improvement program with a holistic approach where waste reduction is seen as culture across the entire organization.
