Based on discussions with industry leaders and domain experts, the module explains how to construct a compelling business plan with a defendable ROI business justification for MOM solutions. Exchange ideas, ask questions, and get answers. Understand how other companies attack the issue of justifying plant and corporate investments in MOM projects and learn what tools and processes help.
Explained are how to quantify the form of operations process, its inefficiencies, its solution alternatives/compromises, benefits, and plant migration path. Also discussed are risk management and mitigation strategies, solution competition (internal and external), impact to decision makers, business drivers, and the overall capital approval process.
The session concludes with explicit examples of successful justifications. The module arms learners with information needed to understand and address the competition (internal and external) for scarce resources that exist for today’s manufacturers.
The end user, vendor and integrator need to work together to build the flexible Smart Manufacturing plant that will enable the developing “pull” economy. Together, we need to justify the MOM solution to business leaders as the technology needed for fast market response and even market creation, and to quantify the inefficiencies, risks, rewards, migration path, alternative/compromises, competition (internal/external), decision makers, business drivers, and approval process. Once done, it gets simple.
- Justification Components
- Basic Financials
- ROI Modeling
- Macro ROI Approach
- Detailed ROI Approach
- Conclusions and Wrap-up