Operational Excellence
Operational Excellence (OpEx) is a business mindset that focuses on continually improving operations within an organization. The goal is to achieve a state of operations where an organization consistently delivers high-quality products or services, meets customer needs, operates efficiently, and adapts to changing conditions in a manner that fosters long-term success and competitiveness.
Organizations operate within the framework of 3M’s (Man, Method, Machine) and seek to enhance its efficiency by optimizing these factors:
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Man:
The individuals comprising the organization. Including their skill sets, knowledge, and abilities
Method:
The way the work is done. Including processes and procedures
Machine:
Equipment and technology used in the organization
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Digital Twin. Operational Excellence. Frictionless Collaboration.
In today’s competitive business environment, Operational Excellence is essential for organizations of all sizes. Drive efficiency, agility & frictionless collaboration, utilize a Digital Twin to enhance profitability, elevate customer satisfaction, and secure a notable competitive edge.
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The combination of Digital Twin and Performance Management can play a significant role in helping organizations achieve Operational Excellence by providing a virtual replica “Twin” of all organizational elements “assets” such as systems, processes, services, products, projects, strategies, etc. Performance management can tell how well the organizational assets are doing at a specific point in time. Using both Digital Twin and Performance Management, Simulation can provide:
Measurement and Monitoring
The combination of Digital Twin and Performance Management can play a significant role in helping organizations achieve operational excellence by providing virtual replica “Twin” –