| Home : Videos : Everybody Everyday: Managing for Daily Improvement |
Video: "Performance Metrics that Matter: Choosing Information Over Data"
Computer-based Automation and Information Systems have been deployed in industrial operations for decades often with less than spectacular results. Peter G. Martin, Ph.D., VP and GM of Performance Management, Invensys Process Systems notes there are many contributing factors involved including abnormal focus on the technology rather than plant performance, difficult to traverse organizational silos and death-by-initiatives. As the technology has advanced in capability it has finally begun to realize its true potential. The first step in the move to getting incremental business value from industrial assets is the development of effective and empowering performance metrics right for each person and group in the plant. Hear Dr. Martin discuss the evolution of real-time performance measurement systems that are driving new levels of business performance in industrial plants.
In This Presentation You Will See
- C-level perspectives on performance management
(in minute 4)
- Buzzwords past and present (in minute 16)
- Real-time finance (in minute 24)
- Why "accounting is unnatural" (in minute 38)
- Real-time strategic alignment (in
minute 39)
- Economic optimization of plant assets (in minute 51)
- Strategies for success (in minute 55)
- and more
Download the Slides
You can download the slides from this presentation.
About the Speaker
Peter G. Martin, Ph.D., VP and GM of Performance Management, Invensys Process Systems
Dr. Martin joined The Foxboro Company in the 1970's and has worked in a variety of positions in training, engineering, product planning, marketing and strategic planning. He left Foxboro to become vice president at Intech Controls and also at Automation Research Corporation before returning to Invensys in 1996. Since his return he had been VP of marketing for Foxboro and chief marketing officer for Invensys Manufacturing and Process Systems prior to moving into his current position.
He has authored numerous published articles and technical papers and has written two books: Bottom Line Automation and Dynamic Performance Management: The Pathway to World Class Manufacturing .
Dr. Martin holds multiple patents including the patent for Dynamic Performance Measures, Real-Time Activity-Based Costing, Closed-loop business control, and Asset and Resource Modeling, which are the basis for Fortune recently naming him a Hero of U.S. Manufacturing. He was also recently named as one of the 50 Most Influential Innovators of All Time by the Instrument, Systems and Automation Society (ISA).
Dr. Martin has bachelor's and master's degrees in mathematics and an master's degree in administration and management, a master's of Biblical Studies degree, a Ph.D. in Industrial Engineering, and is in the process of completing his PhD in Biblical Studies.
More Information On IndustryWeek's Best Plants
Subscribe to IndustryWeek's Continuous Improvement
eNewsletter. Pick up pointers from the top manufacturers in North America and identify action
steps that can make your facility shine. Continuous Improvement will give
you previously unpublished best practices, benchmarking charts, and lessons
learned -- straight from the winners and finalists of IndustryWeek's
annual Best Plants competition.
|
|
