McKinsey Operations Learn more about our work and unique tools, solutions, and capabilities we bring to our client's toughest operations challenges. Enabling a digital and analytics transformation in heavy-industry manufacturing, McKinsey & Company, December 19, 2019 Governance and Management Economics, 7 (2), 31-36. McKinsey Global Institute. A scalable, obsolescence-resistant IT stack is essential. 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. 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. This increases machine availability by reducing maintenance downtime. Please click "Accept" to help us improve its usefulness with additional cookies. 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. Those selected to attend will have the opportunity to: learn about McKinsey’s global work in operations; engage with McKinsey Operations consultants and meet other like-minded women from around the world Installing sensors on manufacturing-line equipment will make significantly more data available, increasing equipment uptime … Learn about Learn about McKinsey’s global work in operations. McKinsey & Company Women’s Global Operations Summit 2021 is a virtual event taking place March 3 – 4, 2021. collaboration with select social media and trusted analytics partners 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. ... 2, 2020 – A new commitment to industrial IoT, or IIoT, can give manufacturers a critical edge in reimagining their operations. 48 McKinsey & Company Operations jobs. 1 McKinsey & Company Operations Analyst Academy interview questions and 1 interview reviews. Digital technologies can help mitigate the effects in multiple ways, boosting employee safety, operational efficiency, asset productivity, and product quality. Interrupted global trade flows and value chains have forced companies to break the silos to improve end-to-end visibility. 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. If you would like information about this content we will be happy to work with you. Die Operations Practice hilft produzierenden Unternehmen bei der Transformation ihrer Geschäftsprozesse. We show clients how to drive the next S-curve to discover value that is hidden at the intersection of functions—even well-performing ones. Digital upends old models. Free interview details posted anonymously by McKinsey & Company interview candidates. 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. Practical resources to help leaders navigate to the next normal: guides, tools, checklists, interviews and more. 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. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. Press enter to select and open the results on a new page. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. 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. Business. They invite you to broaden your horizon at their virtual Women’s Global Operations Summit taking place… Search job openings, see if they fit - company salaries, reviews, and more posted by McKinsey & Company employees. Use minimal essential Please use UP and DOWN arrow keys to review autocomplete results. 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. Clients can “learn by doing” in state-of-the-art facilities across all operational functions. We use cookies essential for this site to function well. 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. 2. Our flagship business publication has been defining and informing the senior-management agenda since 1964. Organization. Similarly, automated equipment-monitoring and process-control systems can bolster the continuity of operations, even with skeletal crews. A full service career site. Historically, manufacturers in China have been about three times as fast as those in other regions to deploy industrial robots. Even in parts of the world where COVID-19’s initial effects have started to recede, serious dislocations appear likely to remain a fact of life for some time to come, with executives constantly facing new pressure. But it also requires a more sophisticated analytical approach, and collaboration across multiple functions and stakeholders. tab. Our Operations practice assists our clients in solving complex operational challenges. hereLearn more about cookies, Opens in new To learn more about our research and work in manufacturing, technology, operations, and more, please visit McKinsey.com. Design-to-value, supply chain management and after-sales support are three areas where analytics are making a financial contribution in manufacturing. Reinvent your business. Digital technologies that enable remote work and collaboration, eliminating the need for noncritical employees to leave their homes, are becoming a necessity. Consider demand forecasting. Supplier resilience is being brought into sharp focus, and labor shortages are bringing many production lines to a halt. 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. Boosting employee safety and operational continuity. In a recent McKinsey survey of manufacturers in Asia, for example, struggles with sudden materials shortages were a common issue (reported by 45 percent of respondents), along with steep drops in demand (41 percent), and worker unavailability (30 percent). 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. A recent McKinsey survey of manufacturing and supply-chain professionals found that 93 percent plan to focus on resilience of their supply chain, and 90 percent plan to invest in talent for digitization. A virtuous cycle of improvement. Whether the consultant/associate is also allowed to work on strategy projects or strictly limited to operations projects? Unser Ansatz konzentriert sich auf drei zentrale Bereiche: den Produktionsprozess, die Managementinfrastruktur und die Einstellung der Mitarbeiter, ihre Fähigkeiten und Verhaltensweisen. Please try again later. For example, machine-vision algorithms can conduct automatic quality inspection and quality control using predictive algorithms, relieving constraints in workforce availability while increasing the precision and threshold of quality checks. China’s emergence as a manufacturing powerhouse has been astonishing. Find McKinsey & Company jobs on Glassdoor. tab. We invite you to broaden your horizon at our virtual Women’s Global Operations Summit taking place March 3 – 4, 2021. Please click "Accept" to help us improve its usefulness with additional cookies. This is a program presenting women leaders with an opportunity to broaden their horizons and meet with like-minds around the world. They can deploy interventions when needed, conduct effective performance-management meetings, adapt daily plans to meet customer demands, and to improve labor productivity as well as operational efficiency—all remotely. Three archetypes of adoption pathways appear likely to emerge. 47 McKinsey & Company Consulting jobs including salaries, ratings, and reviews, posted by McKinsey & Company employees. Most important, they are likely to be much more digital, as is already evident in the immediate response to the crisis. We are continuously seeking the best talent at all levels and for all types of roles, and are particularly keen to talk to experienced professionals looking for their next challenge. Our research—stretching back more than a decade—indicates that about 70 percent of such initiatives fail to achieve their stated objectives. Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. 1. Furthermore, as SKU counts increase for finished products and raw materials, ensuring end-to-end traceability becomes increasingly important for quality. 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. 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. Digital solutions allow manufacturers to automate data collection by adding sensors or directly tapping into machines’ programmable logic controllers (PLCs) to collect data and display it on live dashboards. Industry 4.0 technologies, from simple barcode scanning to RFID tracking and blockchain, can help (Exhibit 4). Most transformations fail. 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. with McKinsey's Operations practice in one of our offices in Greater China (Beijing, Hong Kong, Shanghai, Shenzen ... , and Taipei). Applications are open for the McKinsey & Company Women’s Global Operations Summit 2021.McKinsey passionately believes in developing outstanding women leaders and promoting gender diversity, both at their firm and in the world at large. You’ll be working with McKinsey’s Operations practice in Europe. Select topics and stay current with our latest insights, Industry 4.0: Reimagining manufacturing operations after COVID-19. ... 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. Additive manufacturing (or 3-D printing), for example, could intensify localization in specific applications, such as spare-parts manufacturing. Press enter to select and open the results on a new page. ... More than digitizing operations, we leverage digital and analytics to fundamentally rethink and innovate manufacturing and supply chain operations. Our flagship business publication has been defining and informing the senior-management agenda since 1964. McKinsey Insights - Get our latest thinking on your iPhone, iPad, or Android device. We help our clients to consistently meet and exceed customer expectations at every touchpoint through benchmarking, developing quality and compliance strategies, and remediation services across the entire value chain and product life cycle. Get hired. 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. Candidates who attend this event will have an opportunity to. McKinsey Quarterly. Other Industry 4.0 solutions can assist warehouse workers as well, including augmented-reality tools that make picking multiple orders at one go much easier and more effective, and exoskeletons to reduce injury from repeated heavy-material handling (Exhibit 5). collaboration with select social media and trusted analytics partners Having featured in our Top 10 Digitally Innovative Manufacturing Consultants in Manufacturing Global’s July Magazine, we take a closer look at McKinsey. Never miss an insight. Search job openings at McKinsey & Company. Among this group, 14 sites were designated as end-to-end Lighthouses, having digitized along the entire value chain from suppliers to manufacturing, then logistics and eventually customers. 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. operations jobs. Please use UP and DOWN arrow keys to review autocomplete results. Consequently, as more businesses emerge from the crisis, the case for further digitization at scale will likely be stronger than ever. Results on a global scale that require higher capital expenditure and have unclear or payback! Next S-curve to discover value that is hidden at the center posted anonymously McKinsey. Eliminating the need for noncritical employees to leave their homes, are becoming necessity! Raw materials, ensuring end-to-end traceability becomes increasingly important for quality new type of collaboration to address normal. 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