Transitioning t to Industry 4 y 4.0 Event Sponsors Welcome and - - PowerPoint PPT Presentation

Event Sponsors

Manufacturing Workshop Series

“Transitioning t to Industry 4 y 4.0”

“Transitioning to Industry 4.0” August 28, 2019

Welcome and Introduction Wabash Heartland Manufacturing Group Workshop Series.

By

Ted Fiock Purdue WHIN Managing Director

“Transitioning to Industry 4.0” August 28, 2019

Justification for New Technology Transformations in your operations.

By

Steve Dunlop Managing Director of DCMME and GSCMI

• Dr. Jan-Anders Mansson

Distinguished Professor of Materials & Chemical Engineering and Co-Director of InMaC

Return on Investment (ROI) is a calculation of the most tangible financial gains or benefits that can be expected from a project versus the costs for implementing the suggested program or

• solution. (tangible financial benefits relative to costs of investment)

Cost Benefit Analysis (CBA) is more comprehensive than ROI, and attempts to quantify both tangible and intangible (or “soft”) costs and benefits. Value on Investment (VOI), is defined as “intangible assets that contribute heavily to an

• rganization’s performance.

Value on Investment refers to the overall value received on any given financial investment. Basically, VOI includes the financial return, but also takes into account more abstract value that was received from that investment.

Benefits Potential

• Customer Experience
• Lower Customer Turnover Rates
• Increased Revenue Opportunities
• Faster Time To Market
• Compliance and Security
• Fraud Reduction
• Industry Regulation Compliance
• Flexibility
• Replace/Supplement Traditional IT Lifecycle
• Leverage Existing Infrastructure
• Intermediary Processes
• Employee Satisfaction
• Headcount Re-allocation
• Hiring Avoidance For New

Processes

• Productivity Returned

To Line-of-Business

• Recruiting, Training,

Facilities Cost Avoidance

• Process Metrics
• Increased Revenue
• Data Quality

Tangible Intangible

“Transitioning to Industry 4.0” August 28, 2019

Justification for New Technology Transformations in your operations. Questions and Answers

How to create and sustain

• rganizational change

Benjamin B. Dunford, Ph.D.

7

8

Lewin’s 3 Step Change Process

Unfreeze Change Refreeze

Helping employees be dissatisfied with status quo Being unhealthy is unacceptable Helping employees actually alter their patterns of behavior Change eating behavior Institutionalizing new patterns of behavior New behaviors become routine Organizational Level  Individual Level 

Team Building Coaching Physical Facilities 3rd Party Dispute Resolution 360° Feedback Training

Organization Development Interventions

Team Building Coaching Physical Facilities 3rd Party Dispute Resolution 360° Feedback Training

What if we can’t do all

• f this?

4 Critical OD Interventions

Team Building

Confrontation Meetings Contracting and Action Planning Personal Management Interview

Unfreeze Move Refreeze

Often Combined Into 1 meeting Called “Team Building”

So what? Does it work?

Evidence

Patient Satisfaction – Percentile

46.0% 85.0% 84.0% 96.0% 85.5% 85.6% 84.7%

0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100%

2000 2001 2002 2003 2004 2005 2006

Turnover Rate- Nursing

24.10% 6.00% 7.00% 7.80% 4.08% 4.60% 7.40%

0% 5% 10% 15% 20% 25% 30%

2000 2001 2002 2003 2004 2005 2006

Profitability

4.13% 7.98% 6.06% 8.66% 8.91% 8.41% 8.61%

0% 1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 2000 2001 2002 2003 2004 2005 2006

Return on Equity

2.96% 5.60% 4.27% 6.09% 6.29% 6.31% 6.84%

2% 3% 4% 5% 6% 7% 8% 2000 2001 2002 2003 2004 2005 2006

Profitability – Total Margin

Frankfort Campus Change Management

17

“Transitioning to Industry 4.0” August 28, 2019

Managing Change for 4.0 Transformation Questions and Answers