THE PROBLEM:

Traditional management tools and processes were not designed to help you achieve your “best” performance. You have historical data for actual performance and budget numbers for the next 1-5 years. You can use these datasets to determine if you met budget and calculate budget variances; if your goal is optimization/”best possible” performance, DATA FOR THAT GOAL ARE MISSING OR BURIED.

NO OPTIMIZATION METRICS means  

1) You can’t quantify what “best” looks like, so you DON’T KNOW how good you can be!

2) You can’t quantify the losses that separate you from “best possible” performance.

3) You must make decisions about performance, budget targets, expansions and cost reduction WITHOUT KNOWING how much profit you are leaving on the table…hidden losses linked to unmeasured capacity and shortfalls in performance, excess costs caused by poor interdepartmental support, and weak management practices that caused losses elsewhere in the company.

4) You must settle for LESS PROFIT than your equipment, organization and management system is capable of delivering, regardless of whether your goal is achieving budget or achieving optimization.

5) You may approve expansions that are not really needed or are misplaced.

6) You have NO PATHWAY for achieving “best possible” performance in all areas across a site or company.

7) You have ONLY ONE OPTION for optimization: A CAPITAL-INTENSIVE APPROACH requiring millions of dollars for new equipment/systems… an option that WILL NOT STOP THE LOSSES caused by unmeasured performance shortfalls, hidden excess costs and weak management practices mentioned above. 

THE SOLUTION:

In the 21st century, it’s time for executives and management teams to 1) quantify what they are losing even if they are reporting profits and exceeding budget, and 2) know how to combine metrics for losses with perspectives, tools and strategies designed to move a company towards “best possible” performance.

To meet this need and create a pathway to “best possible” performance across a site or company, Kay created MiningOpportunity, a Capital-Free Optimization Approach. This unique optimization methodology combines Optimization Metrics with Optimization Management Strategies that expand your vision for what is possible to achieve/change, quantify dollars you are leaving on the table, remove organizational barriers that hide/trap your upside potential, and accelerate/sustain change.

With MiningOpportunity training, your executives and management teams

1) CAN FIND AND “MINE” YOUR UPSIDE POTENTIAL…Unmeasured Performance Losses and Hidden Equipment/Value Stream Capacity, Hidden Costs Driven by Poor Interdepartmental Support, and Losses Unintentionally Caused by Ineffective Management Practices.

2) CAN FINALLY ANSWER THESE QUESTIONS… How much more money could we make?   Are we budgeting for losses we don’t know about?   Are we solving our most important problems?   Do inefficiencies in our organization cost us money?   Do ineffective management practices cost us money? All of these questions involve hidden operating/financial potential… the dollars you left on the table…what could have happened but didn’t.  

3) WILL HAVE METRICS FOR “BEST POSSIBLE” PERFORMANCE… which means a) you will know what “best” looks like across a site or company, b) you can compare actual and budget data to “best” to gain a broader understanding about your operation’s capabilities, c) you can quantify your organization’s performance, and d) you will have a “comfort zone” for discussing management practices that may not be yielding the results you desire.

It’s time to STOP YOUR HIDDEN LOSSES and PROPEL YOUR COMPANY TOWARDS “BEST RESULTS” without Capital Spending!

CONTACT KAY TO LEARN MORE about the MININGOPPORTUNITY Optimization Approach.