Sail through every storm

Proposal for Waveriders

Agenda for the MeetingAnalysis of Waveriders Current Situation

Prioritizing the Problems

Timeline

Problem Management

Conclusion

Strengths

Areas for Improvement

Goals and ObjectivesLong Term Goals

Profit making organization

No. 1 Player in EU

Sustainability

Knowledge Management

Short Term Goals

Stock Management and Clearance

Employee Welfare

Ergonomic Considerations

Technology

Environment

Knowledge Management

Prioritized ProblemsStock

Health and Safety

Facility Management

Lifecycle cost management

Environment

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Knowledge Management

1 2 3 4

Stock

Health & Safety

KM system

5

Space

Technology

Timeline

Environment

1) Stock1,764,128 pounds

Reasons – Sales Forecasting or Sales targets not being met.

Outcome – Cash Deficiency

Solution to StockMRP – Materials

Requirement Planning

The Master Production Schedule

Bill of Materials

Production cycle times and Material needs at each stage of the production cycle time

Supplier Lead Times.

Stock

Procedure Buy Software

Evaluate Processes

Develop Team

Create Plan

Begin System

Monitor Progress

Why MRP? Cheaper

Quicker

Focuses on Key Problematic Areas

2)Health and Safety Waveriders has no policy that covers employees’

welfare and employees’ safety.

Action Plan Appoint Facility manager

Achieve ‘six packs’ through “An introduction to health and safety for small firm”.

Follow health and safety issue related to Waveriders in “An introduction to health and safety for small firm” by Health and safety executive (HSE)

Consult HSE

Conduct 5 steps risk assessment and involve employees in the process.

Encourage safety culture

Develop health and safety policy

Develop manual and emergency plan

Educate and train manager and employees

Quarterly review

Health & Safety Follow guideline in “An Introduction in Health &

Safety in Small business” by Health and Safety Executive (HSE)

Managing health and safety Slips, trips and falls Hazardous substances Musculoskeletal disorders Display screen equipment Work equipment and machinery Maintenance and building work First aid and accident reporting

Risk Assessment5 steps in risk assessment

Step 1 Identify the hazards

Step 2 Decide who might be harmed and how

Step 3 Evaluate the risks and decide on precautions

Step 4 Record your findings and implement them

Step 5 Review your assessment and update if necessary

Problems :

- Lack of proper consideration in ergonomics.

- Inefficient management of space in terms of stock assembly and waste.

3)Space Management

Solution:- Purchase QFM software.- Outsource - Hiring of a facility manager.- Reduce fixed fit-out equipments and provide a small

range of versatile, user-friendly, standardized, re-locatable and adjustable components.

- Divide space into locally manageable unit sizes- Deliver fit for purpose building.

Space Management

Space ManagementOutsourcing.

Outsource experts in the market and technology boat market in Europe.

Keeping core business processes in-house within waveriders and outsource non-core services.

4)Lifecycle Cost Management

Invaluable Assets

Installing a new Technology

Lifecycle Cost Management

Life Cycle Asset Management Model

Solutions to life cycle cost asset managementHiring Lifecycle Engineering

Environment Management

An environmental management system is about running an enterprise better, more efficiently, more competitively, and more sustainably, and about making and saving money.

Environmental management is the part of EFQM and can link to European Excellence Model e.g. Processes and Society Results

Challenges for organization.

Atmosphere

Toxic Chemicals

Land

Oceans

Biotechnology  and biodiversity

Atmospheric ConcernGlobal warming - rise in emissions of

greenhouse gases such as carbon dioxide and methane resulting in an increase in earth's temperature, climate change and a rise in sea level.

Ozone depletion - reduction in the ozone layer surrounding the earth, caused by the use of CFCs, letting the sun's ultraviolet rays penetrate.

Eco Friendly ProductSome Benefits of Eco Friendly Product which

can be describe as Exposure to any toxic chemicals can be harmful to the human body and using eco-friendly products can kill the danger of it. Many products these days contain substances which promotes cancer or other deadly diseases

Implementation ISO 14000ISO 14000 is a management tool enabling an organization of any size or type to:

Identify and control the environmental impact of its activities, products or services, and to

Improve its environmental performance continually, and to

Implement a systematic approach to setting environmental objectives and targets, to achieving these and to demonstrating that they have been achieved.

Implementation of Knowledge Management

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Knowledge Management in excellent organizations 4e. Information and knowledge are managed to support effective

decision making and to build the organisation’s capability

In practice Ensure accurate and sufficient information to support timely

decision making Transform data into information and into knowledge that can

be shared. Provide access to information and knowledge to people. Establish and manage networks to identify opportunity for

innovation. Use data and information on current performance to d

identifies opportunity to generate innovation

EFQM Excellence model 2010 (4e)

Implementation framework

Adapted from: Tiwana, A. (2000).

Analyze existing infrastructure

Design KM infrastructure

Align KM and business strategy

Audit existing knowledge asset and system

Deploy using result driven incremental technology

Design KM team

Create KM blueprint

Develop KM system

Manage change culture and reward structure

Evaluate performance and incrementally refine the KMS

Infrastructure evaluation

KM system analyse design and development

Deployment

Evaluation

People

• No KM team• No training• No knowledge retention• No learning culture

Resources• No database• No Intranet

Process• No documentation• No knowledge transfer/sharing

Existing KM at Waveriders

People

• Involvement and commitment from top level managers• Investing on people, support them with trainings• Create knowledge culture through effective communication • Improve the existing environment through employee feedback

Resources• outsourcing • Intranet, forum for employees• Working Manual library (online)• Website-newsletters, blogs for external users and customers• Database management

Process• Retain talents and strengthen recruitment• Weekly/ project review• Networking (socialising)

KM at Waveriders

SUMMARY

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Organizational Structure

Stock Clearance – Maroon Circle representing the Department

Health and Safety - Hire a Facility Manager

Space Management – Hire a Facility Manager

Life Cycle Cost Asset Management – Red Circle represents the department as well as Life Cycle Engineering Agency

Environment Management – Hire a Facility Management

HR Department is required for all the activities.

1 2 3 4

MRP completed

Health & Safety

KM system

5

Space

Technology

Timeline

ISO 14000

Conclusion In order for Waveriders to reach higher levels

of ROI for the company it is important for them to make efficient use of their Assets and Knowledge.

This can be achieved through strong dedication and motivation from the leaders as well as all employees in the organization.

TRUMP believes that upon undergoing the given change plans Waveriders will emerge from their present state to lead a sustainable future.

Thank You

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