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Process Reliability Modeling (PRM): Increase Profits by Improving Process Effectiveness, Efficiency & Reliability (MFGN18C)

Presented by: Dr. Michael Abitz
 
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Pre Recorded Webinar
60 minutes
  •  Thu, November 15, 2018
Event Description
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Learn How PRM Can Reduce Your Cost of Doing Business by 25-40%

Traditional process improvement methods demonstrate high failure rates: Business Process Reengineering (BPR) 50% – 85%, Total Quality Management (TQM) 75%, and Six Sigma 90%. According to peer reviewed research, the average Sigma Score for organizations is approximately 3 – meaning that 25-40% of sales are lost to waste in manufacturing and transactional processes. They cost the industry billions of dollars in nonproductive time, cost overruns, and project delays – and are probably hurting your operations more than you realize.

Learn how the proactive methods used in Process Reliability Modeling (PRM) can help you to identify organizational issues before they result in loss of revenue. This session by industry expert Michael Abitz will bring you up to speed with PRM, show you how to reduce the cost of doing business – and increase profits/sales by 25 to 40% – by improving the effectiveness, efficiency and reliability of your processes. The great thing about PRM is that you can use in any medical, transactional, engineering, manufacturing, marketing, sales, quality, documentation, education, and government process. You will learn about data mining and critical process metrics, including how to baseline your organization’s Sigma Score; why you come to wrong conclusions; and the most effective management tool you may still not be using.

Abitz will provide valuable insight on other specific areas, such as: the fishbone diagram; manufacturing and transactional yield; how to apply reliability statistics through Weibull analysis; how to identify root causes of process variation before they occur; how to convert information into measurable data; and how process variation costs you money. You will learn how to eliminate the 5-Cs in manufacturing and transactional processes (confusion, conflict, complexity, chaos and cost); a new lens to view organizations; as well as the failure rate of change management programs and consultants. Abitz will bring you up to speed with the Pareto principle; explain why you need process owners; discuss statistical process control techniques; show you how to locate root causes with reality charting software; discuss process and problem repair, and how to interpret results from different tools and methods.

After attending this webinar, you’ll know how to use Process Reliability Modeling (PRM) to identify hidden process issues that are responsible for 25-40% loss in sales, and increase your organization’s process effectiveness, efficiency, and profits.

Session Highlights

This webinar will bring you up to speed with:

  • Critical process metrics
  • Data mining within your organization
  • Your most effective management tool (you may be surprised)
  • Survey error (why you might be coming to wrong conclusions)
  • Dr. Kaoru Ishikawa’s “Fishbone Diagram”
  • Yield: manufacturing and transactional
  • Introduction and application of Reliability Statistics: Weibull Analysis
  • Process Reliability Modeling: How to identify root causes of process variation before they occur
  • How to convert information into measurable data
  • How process variation costs your organization money
  • The 5-C’s and how to eliminate Confusion, Conflict, Complexity, Chaos and Cost in manufacturing and transactional processes
  • Chaos and Complexity Theory: A new Lens used to view organizations
  • Failure rate of change management programs
  • Failure rate of consultants
  • Vilfredo Pareto: The Pareto Principle
  • Problem ranking Pareto findings severity vs cost benefit
  • Process owners: why you need them
  • Process control: X-Bar, R-Bar, S-Bar charts
  • Locating root causes with Reality Charting software
  • Process and problem repair: The Model for Improvement
  • Results obtained from above tools and methods

Who Should Attend

  • Any employee in medical, transactional, engineering, manufacturing, marketing, sales, quality, documentation, education, government processes
  • Senior executives
  • Strategic leaders
  • Quality managers
  • Product managers
  • Manufacturing and R&D managers
  • Quality professionals/consultants
  • ISO coordinators/management representatives
  • Engineers and supervisors
  • Laboratory quality professionals
About Our Speaker(s)

Dr. Michael Abitz
Dr. Michael Abitz is an Adjunct Professor at New Mexico Jr. College, Hobbs, NM. He received his Doctorate in Management from Colorado Technical University and Master of Science in Quality Assurance from California State University. His areas of interest include teaching online, mentoring organizations in problem-solvin... More info

 
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    Subject: You might be interested in this event from AudioSolutionz
    Event Title: Process Reliability Modeling (PRM): Increase Profits by Improving Process Effectiveness, Efficiency & Reliability
    Presenter(s): Dr. Michael Abitz

 
 
 
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