Page 11 - AMETEK 2018 Annual Report FINAL
P. 11
2018
Operational Excellence
Operational Excellence $90M Performance
OPEX SAVINGS
16.9%
Operational Excellence, the YEAR-END
WORKING CAPITAL
cornerstone of the AMETEK
Growth Model, has long been 70bps
ingrained in our culture. OPERATING MARGIN
EXPANSION
22.2%
AMETEK’s businesses consistently drive process
improvements by utilizing its Operational Excellence OPERATING MARGIN
tool kit, which includes Lean/Six Sigma, kaizens,
Value Analysis/Value Engineering, global sourcing
and strategic procurement. These strategies
support improved efficiency through cost and asset
management, and drive strong operating performance. In 2018, AMETEK Rauland was recognized with
the Dr. John H. Lux Award. Acquired in 2017,
Another main component of AMETEK’s Operational Rauland quickly embraced AMETEK’s business
Excellence strategy is its flexible, global manufacturing systems and implemented multiple Operational
capability. With manufacturing campuses in Mexico, Excellence tools to achieve improved cost
China and Eastern Europe, AMETEK’s businesses savings, quality and energy efficiency in
utilize efficient infrastructure resources to manufacture the production of its printed circuit board
their products. The facilities are equipped with state-of- assemblies.
the-art equipment to produce the advanced technology
used in AMETEK’s products and solutions. This These manufactured components drive its
provides AMETEK with the flexibility to efficiently shift connected communications solutions, which
production, while positioning our businesses close to are critical to patient safety and satisfaction
their markets and customers. in hospitals and other health care facilities.
By utilizing kaizens, or specific continuous
improvement projects, the Rauland team was
able to identify ways to streamline operations
and generate substantial annual cost savings
going forward.
2018 Dr. Lux Award winners: AMETEK Rauland
Operational Excellence 9
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