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Abstract
In product generation management, the assessment for sustainability, together with risks potential, requires a holistic life cycle management approach, especially when it comes to the question of obsolete management of components. But, so far, the economic impact or benefit of such life cycle related activities is not always obvious. This paper presents a complex approach to identify company unexploited resources by offering the performance exploration of a novel capability and innovative tool named the LifecYcle-Managerial Index Tool (LY-MIT), in order to allow detailed visualization for a company, using seven clustered capabilities in respect to key areas. The assisted analysis of the strength and weakness enables manufacturers, as well as industrial end-users, to sustainably assess and evaluate the productivity potentials and risks of possible life cycle related improvements to their installed base. The research team used the tool on almost 300 sample companies group to identify the robustness of the tool in implementing sustainable change required measurements, mostly based on a self-assessment questionnaire about their capabilities. Only the approach and the results of this instrument usage are presented in this paper.
Highlights
The optimization process is a never-ending activity in searching and finding the compromise, accepted by all players, for the considered optimal solution
The affordable quality is ensured by the quality control as driving component for resources allocation and productivity control. Both elements are the result of “compromise”—the optimization process, and define the accepted risk for the resources allocation and the conditions that lead to desired productivity
This work shows that an ergonomic managerial tool called LY-MIT (LifecYcle-Managerial Index Tool) has been developed and that this tool enables managers, as well as the industrial end-users, to sustainably assess and evaluate the productivity potentials and risks of possible life cycle related improvements to their installed base
Summary
The optimization process is a never-ending activity in searching and finding the compromise, accepted by all players, for the considered optimal solution. This work shows that an ergonomic managerial tool called LY-MIT (LifecYcle-Managerial Index Tool) has been developed and that this tool enables managers, as well as the industrial end-users, to sustainably assess and evaluate the productivity potentials and risks of possible life cycle related improvements to their installed base.
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