Learn the science that governs Operations
Please Join Us for March's Professional Development Meeting:
A practical application
of science to performance control
Held in Joint with Governors State University
Circumstance, in all of its forms, (from catastrophic occurrences such as those that affected Japan to serendipity such as receiving an unexpected customer order) can impact the Operations – and will affect a company’s profitability. The challenge for the Operations Manager has been to find the appropriate science to apply to gain predictable and profitable control of performance. Such control enables the Manager to
optimize performance over a range of demand and supply variability and meet their company’s marketing and financial goals
As presented in the book Factory Physics by Hopp and Spearman, Factory Physics principles, for instance Little’s Law, provide Managers the foundation of practical science needed to achieve
predictable control and performance. Factory Physics principles do not reinvent science, though some of the concepts are new to science, but the principles provide a framework that managers can use in practical day-to-day situations to achieve better performance for their companies and their careers. On Tuesday, March 20th, our presenter, Edward S. Pound, COO of Factory Physics Inc., will provide an overview of Factory Physics principles in everyday language, and will discuss how the science and applied math support Managers in their quest for optimal performance against their own set of circumstances and expectations.
Edward S. Pound is Chief Operations Officer at Factory Physics Inc. Mr. Pound has more than 20 years of experience in manufacturing, having worked in general management, operations, purchasing, and product development. He has consulted for senior management at top national and international manufacturing companies and in entrepreneurial ventures. Mr. Pound’s product experience areas include aerospace, electronics, consumer retail, medical devices, health care, design-to-order capital equipment, as well as two years in Japan working in a Japanese high-tech production facility.
Mr. Pound holds BS and MS degrees in mechanical engineering from the University of Alabama an MBA from the Kellogg Graduate School of Management at Northwestern University, and a Master of Engineering Management degree from the Robert R. McCormick School of Engineering and Applied Science at Northwestern University.
Factory Physics is the title of both an
award-winning book and the company name.
Formed in 2001 by author Dr. Mark L. Spearman,
Factory Physics Inc. is a management consulting company that
provides a scientific framework, software support tools, and training to
optimize performance of manufacturing supply chains.
For more information on Factory Physics Inc. please go to
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science of Operations Management -
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