Why lessons learnt reviews are important for the machinery sector
The world is changing and becoming even more competitive. Whether it is how a business operates, its relations with suppliers and customers, its products and services or how employees perceive it, businesses need to be responsible for its own improvements.
Businesses must do everything possible to optimise its benefits to potential customers, minimise the impact of mistakes and elevate its position in the marketplace.
Lessons learnt (project reviews) are well documented across all industries and focus on the basic parameters of success being to deliver on time and to budget. In practice and according to many national studies, the reality is different with difficult procurement methods, projects often delayed and run over budget.
All of these issues can have a detrimental impact on your business. It causes pain and frustration amongst managers and ground workers. If your business is looking to embark on or is in the middle of a business change program, new infrastructure or refining processes, a project review from Action-Fraction can eliminate these common causes of pain:
• The constant pressure to innovate whilst having high quality and performance standards
• Keep costs competitive
• Design and make to order
• Complex products with close tolerances
• Combining in-house and contracted machining
• Effective communication and collaboration
Regular project reviews can be used to address these critical problems facing industrial machinery firms and provide a large contribution towards:
• Winning more profitable bids
• Enable business processes to be more effective across the business and extended enterprise
• Improve methods for installation, commissioning and maintenance