Do you really know how well your plant or business is performing? Are you achieving manufacturing excellence and world-class performance? Benchmarking your performance against others provides confirmation that your investments and strategies in continuous improvement are delivering the required ROI and it also pinpoints opportunities for future business improvement initiatives.
ARC’s Benchmarking and Best Practices Analysis provides an external viewpoint to give you a clear understanding of how your company compares with others.
Evaluating the performance of applications, business processes, and/or organizational structure is one the major roles of business managers. This is required to optimally allocate resources, set priorities, and achieve core competitive advantage. But, what "standard" do you use for measuring your performance? A benchmark provides the needed information to assess current conditions and set reasonable objectives.
Benchmarking your plant’s performance against others yields specific data on the success of your automation strategy, determines whether you are achieving the needed ROI, and identifies where and how to improve your strategies and investments in the future.
With ARC’s Benchmark Analysis, you are provided with an external viewpoint to give you a clear understanding of how your company compares with others. With this information, you can sharpen your programs and set achievable objectives — with management consensus and organizational buy-in.
Cost vs. Value Benchmarking
Choosing the right approach to benchmarking is of critical importance to getting results. For the last decade or more, manufacturing has been fixated on cost reduction, headcount reduction, and business re-engineering to increase output per employee. No wonder that automation metrics, if available at all, are typically focused on the cost side, rather than the value that investments in automation bring to the business.
It is often overlooked that a control system is part of the VALUE equation, too, and in fact, a process control system is usually at its LEAST valuable to a company when it is installed. That is not to say it has no value at start-up, but that more and more value can be added by improving the instrumentation in a plant – adding new skills to the human resources, using advanced control techniques, asset management, abnormal situation management, and a host of other things.
These and other automation metrics, allied with best practices are the true – and almost always overlooked – value creators in manufacturing today.
For more information on ARC;s Plant Performance Benchmarking Services, please contact us.