Running your plant or business is just like running a marathon. You need to set your goals right, short term as well as long term. You need to have a solid plan on how you are going to achieve them. You need to be in fit condition and be ready to adapt as the surrounding conditions change. You need to also have metrics or dashboards that let you know if you are on the right track towards achieving your goals.
Running efficiently and optimally
Running a successful marathon requires an efficient use of your body. You need to be ready for several fast pace sprints for short distances followed by a slower pace to recover your strength. In your business, you will come across stages of high growth where you are growing at fast rate followed by slowdowns in the market. You want to make sure that all your resources are running efficiently to allow you to run the fast race when needed in your business. Are your resources flexible enough to let you react to the rapid shifts in customer demand? If they are not, you are going to be left behind. Are they running optimally to guarantee the success of your goals? If not, you need to have a clear action plan that can optimize your capital and operational expenditures while improving the performance of your systems. Increasing your productivity and flexibility of your industrial processes can help you compete in this volatile market place.
Operate, maintain & train
Running a successful marathon requires you to be in a good physical shape. You will not be able to compete without physical conditioning. You also cannot afford to have any injuries or downtime while in the middle of a race. What about your plant? A recent ARC report has indicated that 5% of production on an average is impacted by unscheduled downtime. Preventive maintenance plans and services will help you reduce the number and impact of failures and you will benefit from a long-term performance of your system. One other aspect of preparing for a marathon is the rigorous training that goes with it. In your business, you want to make sure that the personnel are well equipped and their competencies are constantly being improved.
Follow your plan
Marathon’s are all about endurance. It’s about competing in an extremely physically and mentally challenging event. It is about finding a way to push through and cross the finish line. By following the plan and be ready with the preparation for it, you and your business can successfully thrive in the long haul in spite of competition, customer demands and changing economic and business conditions.