Sail through every storm

1. Sail through every storm Proposal for Waveriders

2. Agenda for the Meeting Analysis of Waveriders Current Situation Prioritizing the Problems Timeline Problem Management Conclusion

3. Strengths

4. Areas for Improvement

5. Goals and Objectives Long 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

6. Prioritized Problems Stock Health and Safety Facility Management Lifecycle cost management Environment --------------------------------------------------------------------------- Knowledge Management

7. Timeline 2 4 1 5 3 Stock Health & Safety Space Technology Environment KM system

8. 1) Stock • 1,764,128 pounds • Reasons – Sales Forecasting or Sales targets not being met. • Outcome – Cash Deficiency

9. Solution to Stock MRP – 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.

10. Stock Procedure Why MRP? Cheaper Quicker Focuses on Key Problematic Areas • Buy Software • Evaluate Processes • Develop Team • Create Plan • Begin System • Monitor Progress

11. 2)Health and Safety Waveriders has no policy that covers employees’ welfare and employees’ safety.

12. 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

13. 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

14. Risk Assessment 5 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

15. 3)Space Management Problems : • Lack of proper consideration in ergonomics. • Inefficient management of space in terms of stock assembly and waste.

16. 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 • Deliverfit for purposebuilding.

17. Space Management • Outsourcing. • Outsource experts in the market and technology boat market in Europe. • Keepingcore business processes in-house within waveriders and outsource non-core services.

18. 4)Lifecycle Cost Management Invaluable Assets Installing a new Technology

19. Lifecycle Cost Management Life Cycle Asset Management Model

20. Solutions to life cycle cost asset management Hiring Lifecycle Engineering

21. 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

22. Challenges for organization. Atmosphere Toxic Chemicals Land Oceans Biotechnology  and biodiversity

23. Atmospheric Concern Global 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.

24. Eco Friendly Product Some 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

25. Implementation ISO 14000 ISO 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.

26. Implementation of Knowledge Management

27. 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)

28. Analyze existing infrastructure Implementation framework Infrastructure evaluation Align KM and business strategy Design KM infrastructure Audit existing knowledge asset and system Design KM team KM system analyse design and development Create KM blueprint Develop KM system Deploy using result driven incremental technology Deployment Manage change culture and reward structure Evaluate performance and incrementally refine the KMS Evaluation Adapted from: Tiwana, A. (2000).

29. Existing KM at Waveriders

30. KM at Waveriders

31. SUMMARY

32. 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.

33. Timeline 2 4 1 5 3 MRP completed Health & Safety Space Technology ISO 14000 KM system

34. 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.

35. Thank You