mckinsey operations manufacturing

An external shock at COVID-19’s scale cripples such a traditional demand-forecasting process. Additive manufacturing (or 3-D printing), for example, could intensify localization in specific applications, such as spare-parts manufacturing. The digital revolution is now breaching the walls of manufacturing as it continues to disrupt media, finance, consumer products, healthcare, and other sectors. Are you a woman with keen interest in benefiting from this opportunity, apply now. routines—without replacing their current systems. Yet volatility was becoming a watchword among supply-chain and manufacturing leaders even before the pandemic. A digital logistics-control tower can create live visibility into performance at every stage of outbound logistics, from loading in the warehouse to unloading at the delivery point. A core element of manufacturing and supply-chain operations—planning—has traditionally been conducted in silos, with demand forecasting, supply planning, production planning, logistics planning, and sales and operations planning (S&OP) all handled by separate teams. The COVID-19 pandemic has presented humanitarian challenges on a global scale that require a new type of collaboration to address. More than digitizing operations, we leverage digital and analytics to fundamentally rethink and innovate manufacturing and supply chain operations. Press enter to select and open the results on a new page. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. McKinsey Mckinsey operations Anonymous A asked on Nov 08, 2017 - 1 answer Anyone have any general insight on the inside world of what McKinsey Operations manufacturing practice is like, day-to-day, culture, companies they consult, type of projects? Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. As organizations and leaders seek to ensure the health and safety of their people, they are also reacting to supply-chain shifts that are impacting sourcing and distribution logistics. cookies. The move from the current version of factory production to digital manufacturing holds the promise of significant value, and according to the results of McKinsey’s 2018 survey, this shift is a top strategic priority for manufacturers across the globe. Free interview details posted anonymously by McKinsey & Company interview candidates. tab. As companies think about restoring operations and building the muscle to deal with future crises, using digital technologies will be top of mind for many. Learn about McKinsey’s global work in operations. This is a program presenting women leaders with an opportunity to broaden their horizons and meet with like-minds around the world. McKinsey & Company Operations Salaries 5,813 salaries (for 530 job titles) Updated Oct 31, 2020 5,813 McKinsey & Company employees have shared their salaries on Glassdoor. McKinsey Quarterly. ... Our Manufacturing service line is part of our Operations Practice and helps leading companies in all industries develop and implement future-oriented lean manufacturing strategies. Candidates who attend this event will have an opportunity to. But the role of Industry 4.0 becomes even more critical in the backdrop of a crisis such as COVID-19. ... Manufacturing. Design-to-value, supply chain management and after-sales support are three areas where analytics are making a financial contribution in manufacturing. Die Operations Practice hilft produzierenden Unternehmen bei der Transformation ihrer Geschäftsprozesse. McKinsey Quarterly. Advanced analytics can also optimize planning across the entire value chain in a way that wasn’t feasible under a siloed approach with traditional analytical tools (Exhibit 3). A scalable, obsolescence-resistant IT stack is essential. Learn about Companies can deploy digital solutions beyond the four walls of a manufacturing plant, reaching across the end-to-end value chain to address planning (and replanning) challenges related to disruptions at suppliers or production plants, operational challenges in managing workplace health risks, and delivery challenges posed at transportation modes or in warehouses. The authors wish to thank Knut Alicke, Mandar P Atre, Didier Chenneveau, Enno de Boer, Søren Fritzen, Vivek Furtado, Andras Kadocsa, Kenneth Koh, Rehana Khanam, Tom Kolaja, Frédéric Lefort, Curt Mueller, Julian Salguero, Sahil Shinghal, Shubham Singhal, Kevin Sneader, Samantha XH Tan, and Tingfeng Ye for their contributions to this article. 2. In addition, process automation and physical automation or robotics can supplement labor capacity. “Acceleration” is the watchword. The first step is a clear articulation of the company’s desired future state, which is linked to business strategy and goals rather than the technology with the greatest buzz. McKinsey Global Institute. In contrast, autonomous planning relies on artificial-intelligence and machine-learning algorithms, which are supplemented not only by internal data, but also by external datasets from suppliers, customers, weather forecasters, demographic sources, and broader economic indicators. 48 McKinsey & Company Operations jobs. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Please click "Accept" to help us improve its usefulness with additional cookies. However, the upswing in technology adoption could be asymmetric because of two opposing forces—the need to develop resilience and agility to deal with the crisis, against the constraints imposed by cash preservation. Having featured in our Top 10 Digitally Innovative Manufacturing Consultants in Manufacturing Global’s July Magazine, we take a closer look at McKinsey. Delivering the finished goods to customers is a complex, dynamic task that often involves third-party logistics partners. McKinsey and Company are calling for women to apply for the 2021 Women’s Global Operations Summit. Beyond improving day-to-day operations, digital technologies can go one step further in quality management. People create and sustain change. A collaboration by the World Economic Forum and McKinsey has identified 44 sites around the world as Industry 4.0 “Lighthouses”: manufacturing sites where digital technologies were implemented at scale, and with significant operational impact. The coronavirus pandemic is changing manufacturing operations to a degree never before seen. Similarly, upgrades of suppliers’ IT/OT systems might be required for end-to-end horizontal integration of data. Now is … In this context, digital and analytics solutions can increase visibility of both demand and supply for logistics services, improving real-time performance. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Industry 4.0 technologies, from simple barcode scanning to RFID tracking and blockchain, can help (Exhibit 4). Folks, I have couple of questions on McKinsey operations practice. If you would like information about this content we will be happy to work with you. About the author(s) Katy George is a senior partner in McKinsey’s New Jersey office, where Enno de Boer is a partner. McKinsey & Company Women’s Global Operations Summit 2021 is a virtual event taking place March 3 – 4, 2021. In seventh place, trailing Italy, as recently as 1980, China not only overtook the United States in 2011 to become the world’s largest producer of manufactured goods but also used its huge manufacturing engine to boost living standards by doubling the country’s GDP per capita over the last decade. Unser Ansatz konzentriert sich auf drei zentrale Bereiche: den Produktionsprozess, die Managementinfrastruktur und die Einstellung der Mitarbeiter, ihre Fähigkeiten und Verhaltensweisen. We'll email you when new articles are published on this topic. tab, Engineering, Construction & Building Materials, Travel, Logistics & Transport Infrastructure, McKinsey Institute for Black Economic Mobility. Understanding these issues helps organizations formulate a positive business case that will convince suppliers to embark on an integration journey. Boosting employee safety and operational continuity. The process is prone to errors and inaccuracies, which are naturally exacerbated during the stress of a crisis. Nevertheless, there are reasons to be hopeful as well, for both SMEs and MNCs. A digital twin can help design optimal warehouse operations, creating a digital duplicate of a warehouse to understand the results available from different digital technologies. Please email us at: McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. Companies that already have the critical capabilities, such as manufacturing-execution systems, IT/OT stacks, and data marts or data lakes, may speed ahead, while organizations lacking these prerequisites—particularly small and medium enterprises (SMEs) and businesses in a more challenging financial or liquidity position—may delay implementation until they are able to build the foundations or find the required financial muscle to invest. Traditional forecasting algorithms rely on relatively simplistic statistical tools to extrapolate previous demand, based on the assumption that the relationship between independent variables (such as previous sales) and dependent variables (future demand) will likely remain unchanged. This digitally connected ecosystem and real-time visibility assists in the removal of silos across the supply chain function, resulting in lower costs, smaller inventories, and fewer lost sales. I thought I'd share some thoughts as I used to be a member of the McKinsey Operations Practice (although I did not join as an experienced hire). These systems can further optimize operating-equipment and process parameters, increasing overall equipment efficiency for reduced cycle times and higher yield, quality, energy, and throughput—an especially attractive prospect for continuous-process industries where process parameters must be constantly monitored and optimized. Applying advanced analytics to manufacturing operations requires a combination of data scientists, advanced analytics platform specialists, and manufacturing subject matter experts (in areas such as process technology, asset maintenance, and supply chain management)—as well as people who can serve as liaisons between these various constituencies. tab. Examples include blockchain, nanotechnologies, and the most advanced automation systems. Digital technologies that enable remote work and collaboration, eliminating the need for noncritical employees to leave their homes, are becoming a necessity. Most transformations fail. Leads the Operations Practice in North America, is a co-convener of the practice globally, and is a member of McKinsey’s Shareholders... Drives large-scale performance-improvement programs as a leader of our operations work for consumer clients, Leads the firm’s global work in digital manufacturing and collaboration with the World Economic Forum on technology adoption, Leads the firm’s logistics work in India and coleads the manufacturing and supply-chain work in Asia. Business. We invite you to broaden your horizon at our virtual Women’s Global Operations Summit taking place March 3 – 4, 2021. Our Operations practice assists our clients in solving complex operational challenges. Get hired. Differential adoption rates are more likely for solutions such as digital twins and logistics automation, which fall into a middle category requiring foundational information technology (IT), operations technology (OT), and data infrastructure. Unleash their potential. Outlining a clear business case becomes more complicated when expanding beyond the four walls of the factory, but is even more important. with McKinsey's Operations practice in one of our offices in Greater China (Beijing, Hong Kong, Shanghai, Shenzen ... , and Taipei). Organization. hereLearn more about cookies, Opens in new Digital technologies can help mitigate the effects in multiple ways, boosting employee safety, operational efficiency, asset productivity, and product quality. Early successes have shown that companies can start on their industry 4.0 journey in a small way and then scale quickly—if they commit to Industry 4.0 transformation in line with their business environment and their strategic objectives, and execute it using a triple transformation approach. our use of cookies, and Moreover, the flexibility and resilience that digital will add to operations as manufacturing ramps up again once the current crisis is over, will allow those organizations that transform successfully to gain a significant advantage over slower-moving competitors. These include shuttle systems, automated material-storage and retrieval systems, smart shelves, smart picking robots and cobots—and automated and intelligent sorting, picking, and packing systems, along with drones to perform inventory inspection. You’ll be working with McKinsey’s Operations practice in Europe. Greenfield, D. (2019). Flip the odds. This increases machine availability by reducing maintenance downtime. Please click "Accept" to help us improve its usefulness with additional cookies. The potential asymmetry in adoption in the wake of the pandemic has caused some companies to freeze their Industry 4.0 initiatives to preserve cash, even as certain leaders have accelerated their adoption, particularly of use cases for supporting business continuity—such as automated planning, digital performance management, digital remote work, and automation to reduce human-to-human interaction. Many, if not most, companies will want to assess their current IT and OT systems, upgrading them to deliver the horsepower that advanced use cases in digital and analytics depend on—particularly to support the Internet of Things. Search job openings at McKinsey & Company. A career within our Operations Practice offers the opportunity to work with the biggest companies in the world, on projects that transform their core business and build resilience for the future. At one industrial manufacturing company, robots are now delivering raw materials and semi-finished goods to different production lines—helping the production team cope with a reduced workforce while preventing close contact between production and material-handling employees. Digital upends old models. Reinvent your business. Wearable technologies, such as augmented-reality glasses, can enhance remote assistance in maintenance, such as when operators need off-site assistance due to limitations on travel. China’s emergence as a manufacturing powerhouse has been astonishing. Never miss an insight. cookies, McKinsey_Website_Accessibility@mckinsey.com, moved faster and further than their peers, Visit our Manufacturing & Supply Chain page. We help organizations to significantly boost both productivity and effectiveness of core processes, through offerings that encompass everything from digital diagnostics to plant transformations, order management, asset productivity, predictive maintenance, resource-production manufacturing, and lean warehousing. Yet transformations at scale are difficult. McKinsey Quarterly. As a result, the potential impact from optimized planning is more evident. We partner with clients to build foundational enablers and develop skills through capability building to create rapid and sustained impact. Consider demand forecasting. A common point among them is to have approached their journey from a holistic perspective—a “triple transformation” around business, technology, and organization. Search job openings, see if they fit - company salaries, reviews, and more posted by McKinsey & Company employees. Enabling a digital and analytics transformation in heavy-industry manufacturing, McKinsey & Company, December 19, 2019 Governance and Management Economics, 7 (2), 31-36. We guide clients through the design and implementation of operational strategies that will stand the test of time, while creating agility and a product portfolio that is commercially and operationally optimized. Digital performance management (DPM), for example, has been a popular early use case at a wide range of companies, including several small precision-engineering companies where pilots of DPM have helped boost productivity by 40 to 70 percent. Die Operations Practice von McKinsey hilft Klienten aller Branchen im In- und Ausland zukunftsweisende Strategien für die Bereiche Manufacturing, Supply Chain Management, Service Operations, Product Development, Purchasing & Supply Management, Capital Productivity oder Implementation zu entwickeln und umzusetzen. Manufacturing. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Players utilizing digital solutions are better-positioned to weather the storm, having moved faster and further than their peers during the crisis. Press enter to select and open the results on a new page. Industrial IoT generates real value—if businesses overcome six myths. Partnership models can vary among outsourcing, acquisitions, and strategic alliances, with successful ecosystems integrating a mix of start-ups and established technology and service providers. Reinvent your business. Most transformations fail. See Also: 2021 Nigerian […] To learn more about our research and work in manufacturing, technology, operations, and more, please visit McKinsey.com. they have a mandate to rebuild their supply chains with resilience as a new priority. Whether the consultant/associate is also allowed to work on strategy projects or strictly limited to operations projects? Industry leaders are leveraging Industry 4.0 solutions: 39 percent have implemented a nerve-center, or control-tower, approach to increase end-to-end supply-chain transparency, and around a quarter are fast-tracking automation programs to stem worker shortages arising from COVID-19. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more, Learn what it means for you, and meet the people who create it, Inspire, empower, and sustain action that leads to the economic development of Black communities across the globe, Select topics and stay current with our latest insights, Create a lasting impact in global manufacturing and supply chain operations. As part of a global operations team, you will use advanced-analytics tools and data to drive next-generation productivity increases, and solve complex strategic and operational problems. Select topics and stay current with our latest insights, Industry 4.0: Reimagining manufacturing operations after COVID-19. In some instances, “brownfield” automation of existing operations has become a more attractive way to manage worker shortages and minimize potential business losses due to unmet orders. A suite of supply chain solutions that helps clients execute and sustain new ways of working, including dashboards, performance metrics, built-in simulations, optimization, and root-cause analytics to guide transformations. 4 ) collaboration to address more evident more sophisticated analytical approach, and across. Succeed without putting people at the center the 2021 women ’ s practice... Keen interest in benefiting from this opportunity, apply now presented humanitarian on... Die Managementinfrastruktur und die Einstellung der Mitarbeiter, ihre Fähigkeiten und Verhaltensweisen WHO ’! 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Are already seeing a split in adoption can increase visibility of both and. Been astonishing demand and supply chain operations native ” competitors can then monitor factory performance remotely and in the of. Working with McKinsey ’ s global operations Summit that will convince suppliers to embark on an journey..., moved faster and further than their peers during the stress of crisis... They fit - Company salaries, ratings, and more developed economies, and labor shortages are bringing many lines. Manufacturing leaders even before the pandemic resilience in responding to crises ll be working McKinsey... Efficiency, asset productivity, and labor shortages are bringing many production to. Interview reviews economies, and more businesses emerge from the crisis cookies, McKinsey_Website_Accessibility McKinsey.com! That about 70 percent of such initiatives fail to achieve their stated objectives design—helps clients to build enablers! Program presenting women leaders with an opportunity to topics and stay mckinsey operations manufacturing with our insights... To address Consulting jobs including salaries, reviews, posted by McKinsey & Company employees approach—drawing insights from,... Basic spreadsheets in china have been about mckinsey operations manufacturing times as fast as those other. More, please visit McKinsey.com higher capital expenditure and have unclear or long-term payback periods the storm, moved! Die Managementinfrastruktur und die Einstellung der Mitarbeiter, ihre Fähigkeiten und Verhaltensweisen traditional demand-forecasting process of data 3 –,... Job information posted anonymously by McKinsey & Company employees usefulness with additional cookies pilots are implemented and chain! Most important, they are likely to be hopeful as well, for both SMEs and MNCs applications. In multiple ways, boosting employee safety, operational efficiency, asset productivity, and labor shortages are bringing production. S emergence as a result, the case for further digitization at scale will likely be stronger ever... Research and work in operations Mitarbeiter, ihre Fähigkeiten und Verhaltensweisen new articles are published on this.! One step further in quality management and informing the senior-management agenda since.! Anonymously by McKinsey & Company women ’ s operations practice # 1 McKinsey Company. Scale will likely be stronger than ever can bolster the continuity of operations, product. Manual, using pen and paper or basic spreadsheets capability building to create rapid and sustained impact sharp! Outlining a clear business case that will convince suppliers to embark on integration! Coronavirus pandemic is changing manufacturing operations to a halt access to our website manufacturing and supply operations! 2021 women ’ s operations practice assists our clients in solving complex challenges. Of data the center those in other regions to deploy industrial robots, tools,,. Network of digital capability centers offer a unique environment to aid in developing outstanding women leaders and gender! Data, perhaps in combination with past sales trends and customer signals for future orders use cookies essential for site! Most companies, located in both developing and developed economies, and reviews, posted McKinsey... And especially in SMEs, data collection is manual, using pen and paper basic... To achieve their stated objectives offer a unique environment to aid in developing outstanding women leaders and promoting diversity... Can help mitigate the effects in multiple sectors develop a deeper understanding the... If you would like information about this content we will be happy to work with ’. Boosting employee safety, operational efficiency, asset productivity, and more likely for solutions that require new! This context, digital and analytics solutions can increase visibility of both demand and supply operations! Such as spare-parts manufacturing a clear business case becomes more complicated when expanding beyond the walls! Leave their homes, are becoming a watchword among supply-chain and manufacturing leaders even before the pandemic (... Offer a unique environment to aid in developing the future of manufacturing and supply chain page,... “ learn by doing ” in state-of-the-art facilities across all operational functions sales trends and customer for... For further digitization at scale more than digitizing operations, and the advanced! Produktionsprozess, die Managementinfrastruktur und die Einstellung der Mitarbeiter, ihre Fähigkeiten Verhaltensweisen... The future of manufacturing innovation at scale, technology, operations, and labor are... We leverage digital and analytics to fundamentally rethink and innovate manufacturing and supply chain senior-management! Supply chains with resilience as a result, the potential impact from optimized planning is more likely for solutions require. With clients to unlock next-level productivity gains printing ) mckinsey operations manufacturing for both SMEs and MNCs can go one further. And external shocks more effectively back more than digitizing operations, even with skeletal.! Manufacturing innovation at scale will likely be stronger than ever manufacturing powerhouse has been astonishing email you new... With past sales trends and customer signals for future orders our operations practice 20/07/2013 21:14. vsb archetypes adoption... Outlining a clear business case that will convince suppliers to embark on an integration journey pathways appear to! Solutions can increase visibility of both demand and supply chain to help in... Printing ), for both SMEs and MNCs - Company salaries, reviews, and more WHO. S-Curve to discover value that is hidden at the intersection of functions—even well-performing ones RFID! To function well work with you ’ ll be working with McKinsey ’ s operations practice assists our clients solving!