Learn how to cope with volatility in operations at Graz University of Technology’s LEAD Factory

Abstract

The LEAD Factory operated by the Institute of Innovation and Industrial Management (IIM) at Graz University of Technology focuses on four core topics: Lean management, Energy efficiency, Agile operations and Digitization (LEAD). In this paper the setting and the different aspects of the recently implemented concept are explained. Emphasis is put on agility and its potential to prepare for an uncertain future. Caused by today’s constant state of change, organizations that recognize and react quickly and intelligently to market swings increase their competiveness. Not only for this reason people are still the key enabler to cope with volatility in operations. The aim of this research is to enhance trainings for industry as well as academic education for agile operations in a learning factory setting. The concept of agile operations, exemplary levers and tools for implementing agility are explained. Based on recent literature and practical insights key learning objectives for agile operations are derived. These learning objectives are transferred to design features and requirements for trainings in learning factories. Further, the synergy of the LEAD Factory concept is shown by highlighting similarities and positive integration effects of lean, energy efficiency, agile operations and digitization.