Master the fundamentals

The crash last year of so many dot-coms presents an important reminder for all of us: Success often depends on our ability to master the most fundamental aspects or our businesses or jobs.

02/01/2001


The crash last year of so many dot-coms presents an important reminder for all of us: Success often depends on our ability to master the most fundamental aspects or our businesses or jobs.

In the dot-com world, for example, many of the failures were blamed on flawed or nonexistent business plans, the critical foundations on which so much more is built. Other problems often cited were basics like customer service, capitalization, control of cash flow, and more. Investors frequently turned a blind eye to such fundamentals, thinking that the promise of extraordinary returns were worth the risk. In hindsight, it's easy to say that many of these businesses were doomed from the start.

Like businesses, the most successful sports teams and athletes always remember that the fundamentals are key to sustained success. Sure, in any given contest there's always the chance of winning against the odds, but every superior athlete never stops working on the fundamentals. Ask Tiger Woods.

Likewise, good coaches never stop preaching and practicing the basics of their sports. And how often do we hear the sportscasters and analysts comment on how well - or not so well - a player or team is executing the fundamentals?

One of the fundamentals of manufacturing is a strong plant engineering and maintenance function. Quality products are not made in substandard plants on out-of-spec equipment. Productivity isn't maximized on poorly maintained machinery. Plants cannot be flexible and responsive when their equipment and systems need repair. Capacity is not assured when basic systems are inadequate or poorly designed.

And within plant engineering and maintenance the fundamentals are equally important. Some of these fundamentals are: customer focus, understanding of the business mission, planning and scheduling, organization, definition of critical equipment and activities, recordkeeping, and schedule compliance. Mastery of these elements lays the foundation for advancement, improvement, and growth.

The fundamentals don't, by themselves, ensure success any more than the foundation of a building guarantees the strength of the rest of the structure. But the latter is nearly impossible without the former. Problems are inevitable when the builder tries to skimp on the foundation and just concentrates on the upper floors.





No comments
The Top Plant program honors outstanding manufacturing facilities in North America. View the 2015 Top Plant.
The Product of the Year program recognizes products newly released in the manufacturing industries.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
2016 Product of the Year; Diagnose bearing failures; Asset performance management; Testing dust collector performance measures
Safety for 18 years, warehouse maintenance tips, Ethernet and the IIoT, GAMS 2016 recap
2016 Engineering Leaders Under 40; Future vision: Where is manufacturing headed?; Electrical distribution, redefined
SCADA at the junction, Managing risk through maintenance, Moving at the speed of data
Safety at every angle, Big Data's impact on operations, bridging the skills gap
The digital oilfield: Utilizing Big Data can yield big savings; Virtualization a real solution; Tracking SIS performance
Applying network redundancy; Overcoming loop tuning challenges; PID control and networks
Driving motor efficiency; Preventing arc flash in mission critical facilities; Integrating alternative power and existing electrical systems
Package boilers; Natural gas infrared heating; Thermal treasure; Standby generation; Natural gas supports green efforts

Annual Salary Survey

Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.

There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.

But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.

Read more: 2015 Salary Survey

Maintenance and reliability tips and best practices from the maintenance and reliability coaches at Allied Reliability Group.
The One Voice for Manufacturing blog reports on federal public policy issues impacting the manufacturing sector. One Voice is a joint effort by the National Tooling and Machining...
The Society for Maintenance and Reliability Professionals an organization devoted...
Join this ongoing discussion of machine guarding topics, including solutions assessments, regulatory compliance, gap analysis...
IMS Research, recently acquired by IHS Inc., is a leading independent supplier of market research and consultancy to the global electronics industry.
Maintenance is not optional in manufacturing. It’s a profit center, driving productivity and uptime while reducing overall repair costs.
The Lachance on CMMS blog is about current maintenance topics. Blogger Paul Lachance is president and chief technology officer for Smartware Group.
This article collection contains several articles on the vital role of plant safety and offers advice on best practices.
This article collection contains several articles on the Industrial Internet of Things (IIoT) and how it is transforming manufacturing.
This article collection contains several articles on strategic maintenance and understanding all the parts of your plant.
click me