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Analyze and Optimize Your Supply Chain Operations for Higher Performance

ROOM 45 | Tuesday, June 12 | 1:00 pm - 4:30 pm
Speakers: Mark L. Spearman, Ph.D., President and Founder, Factory Physics; Edward S. Pound, Chief Operating Officer, Factory Physics


 

   Level/Participant 
    While all attendees will benefit from this session, the check marks indicate the skill level and roles that this session targets.
 
     Beginner  |   Intermediate  |   Advanced
 

  √ Manufacturing
√ Product Management
 √ Purchasing
 Quality Control
 Regulatory/Clinical Affairs
  Research/Development/Design
√ Supply Chain Management
 

 


Description


The operations science pioneered through Factory Physics® provides ground-breaking, practical concepts for analyzing and optimizing supply chain operations. Join two of the world’s leading authorities, Dr. Mark Spearman and Ed Pound, to learn basic approaches for operations science to enhance your world, with all its variability in product mix, demand, people and processes. You will get applications of the science that you can apply immediately upon your return to your office. The session will include interactive exercises with the audience to help reinforce the concepts and translate them to your business.


Attendee Takeaways

  1. Explanation of the entire 700-page Factory Physics textbook and operations science on one slide with no equations
  2. Understanding of performance curves for operations flows (optimal capacity, work-in-process and cycle time) and inventory stock points (optimal inventory and customer service)
  3. A powerful exercise to demonstrate the relationship between utilization and cycle time—works great to help operations management and finance determine the best approach to utilization of resources
  4. Objective framework for evaluating and using your organization’s current continuous improvement efforts (Lean or Six Sigma or any other) and IT resources (ERP, MRP, forecasting, optimization software) more effectively
 

 


Bios

Spearman 200x200Mark L. Spearman, Ph.D. is founder and president of Factory Physics Inc. and a trusted advisor to Fortune 1000 company executives around the world. He is the thought leader in applying the breakthrough concepts and applications of Factory Physics® principles to unite and accelerate management efforts in designing and implementing successful management strategies. He is co-author of the award-winning textbook Factory Physics and co-author of McGraw-Hill’s lead business publication, Factory Physics for Managers. Both books are used around the world at leading companies and universities for implementation of and education on best practices in operation management. Dr. Spearman holds a Ph.D. in industrial engineering, is a senior member of IIE, a full member of INFORMS, and is certified in production and inventory management by APICS. 


Pound 200x200Edward S. Pound is Chief Operations Officer at Factory Physics Inc. and lead author of McGraw-Hill's lead business title, Factory Physics for Managers. He has more than 25 years of management and consulting experience in medical devices, aerospace, electronics, pharmaceuticals, cloud infrastructure development, consumer retail, healthcare, energy and public infrastructure construction, and engineer-to-order capital equipment. Mr. Pound has helped pioneer the advanced benefits that the practical science of Factory Physics principles brings to business. He holds a B.S. and a M.S. in mechanical engineering, a M.E.M and a M.B.A. He is also a Past President of the Industrial and Systems Engineering Society’s Work Systems division and serves on its Board of Directors.

 



Related reading from BONEZONE®:
Leading Supply Chains Adopt These Principles | How to Reduce Cost and Lead Times While Maintaining Margins