Speaker: Michel Gadbois
Sarbanes-Oxley has impacted manufacturers by holding them accountable for predicting and giving warnings about high-risk problems that could adversely affect the financial results of the company. Complex manufacturers are more susceptible to issues due to the amount of variation they have in their processes.
When a manufacturer makes the same thing every day, it usually receives sufficient warning that something is headed in a different direction. When a manufacturer deals with a thousand new variables every day, as in complex manufacturing, it is a lot easier for an issue to get out of hand or to suddenly become a problem that needs to be exposed, rather than one that can be controlled.
With all a variation the complex manufacturer sees, it’s critical to have the tools in place to monitor what is happening and receive early warnings that something may go wrong and impact the bottom line or income statement. Solumina operations process management software was designed to give visibility to all of the items that would eventually have a positive or negative impact on the bottom line, and it provides early warnings.
Solumina can be tailored so that users can create alert points such as a five percent variation on one factor or a 15 percent threshold on another. When issues trigger those alert points, the system sends broadcasts to the appropriate people. Solumina may not be the only tool that an organization needs to have full operational control, but it is an important one because it provides early warning about anything that may require disclosure.
At the end of the day, in order to compete in today’s digital manufacturing revolution, companies must find a solution to integrate all interfaces into one digital thread. Download our eBook to learn how Solumina can make this a reality.