Overview

The training co-hosted by IMSI and CAM-I , provides a high-level understanding of an integrated operational cost modeling approach to enhance your knowledge of advanced management aspects of the Industry 4.0 Technology Framework. You will learn about the evolution of costing in manufacturing and how the latest cloud-based modeling applications are enablers for supporting this approach. Actual cost models will be used to demonstrate the integration with analytics for agile decision-making to improve business performance.

This session highlights the connectivity of operational cost modeling in justifying the implementation of Industry 4.0 technologies.

Key Learning Objectives

By the end of this session, you will appreciate how operational cost modeling is being used to:

• optimize resource utilization
• evaluate quality improvement initiatives
• understand the value of simulating “future state” Industry 4.0 scenarios
• provide improved cost estimates for Target Costing and Lean initiatives
• benchmark processes and best practices in a multi-plant environment
• assist manufacturing organizations in their implementation of the Industry 4.0 Technology Framework

The focus of this awareness training is for manufacturing operational leaders and practitioners to obtain a high-level understanding of the power of operational cost modeling in a collaborative decision-making environment.

Workshop Date/Time:

Wednesday, April 28, 2021 - Noon-3:00pm Eastern

Instructors

The instructors for this workshop are Mike Haley and Derek Sandison of Landmark Decisions Inc., a Canadian niche consulting company, providing worldwide training, facilitation, and implementation services. The instructors bring their extensive hands-on experience in developing and delivering professional training on operational planning and modeling techniques as part of their implementation services.

Landmark’s international manufacturing clients include Abbott Labs, AB InBev, Alcoa, Algoma Steel, Benjamin Moore, BHP Steel, Borg Warner, Campbell Soup, Corning, Fonterra, Magna Automotive, Marmon Group, Meggitt Aerospace, National Gypsum, Nestle Purina, Pfizer, Pillsbury, Roche Pharmaceuticals, Tarkett Flooring, Siltronic, Solectron, Sun Microsystems, Timken, Toro, Tredegar Plastics, Tremco, and US Borax.