Hagen Introduces True Opportunity™ Dollar-Based Software For Six Sigma, OEE, & Lean Applications

Hagen & Co., a leading provider of software and services for manufacturing and process improvement, has introduced True OpportunityTM software – the world’s first dollar-based manufacturing performance reporting system.

MARBLEHEAD, MASSACHUSETTS (PRWEB) September 27, 2006 -– Hagen & Co., a leading provider of software and services for manufacturing and process improvement, has introduced True OpportunityTM software – the world’s first dollar-based manufacturing performance reporting system.
        
True Opportunity software is ideal for Overall Equipment Effectiveness (OEE), Six Sigma, and Lean Manufacturing applications and is the only solution that calculates the true profit potential of an organization’s manufacturing operations. In addition, the solution also breaks down this total extra profit opportunity by reason, allowing an organization to focus on the problems or opportunities that will realize the greatest results.
        
“Our software compares the current performance of a production line or plant to the profit that could be made if everything ran to its true potential,” said Ian Thompson, Founder and Chairman of Hagen & Co. “It evaluates these opportunities in terms of profit, not just costs or budgets, and allows everyone in the organization to see the potential improvement for their area of responsibility.”
        
True Opportunity software prioritizes each opportunity by its financial value, enabling performance improvement teams to focus on projects that will deliver the greatest profit. “The solution collects production data from existing plant business systems,” said Thompson. “It then calculates the present profitability levels of a facility’s operations and compares them to their true profit potential.”
        
True Opportunity’s Activity Based Costing functionality provides accurate cost, gross margin, and net margin data for each product, broken down by plant and line. Initial versions of the software have been proven in projects at BP, Kimberly-Clark, H.J. Heinz, and Cadbury-Schweppes.

Dashboard Displays Highlight Production Opportunities
True Opportunity’s reporting system presents process improvement opportunities at any level of an organization – from executive to the plant floor operator. It comes with a dashboard display that graphically highlights production opportunities in terms of true potential profit. These opportunities are broken down into individual reasons – the actions that need to be taken to recover the money. The dashboard provides trends of performance and utilizes an easy-to-read "traffic light" system, showing red (out of control), orange (approaching a set limit), and green (within user defined limits) for rapid visualization of problem areas. It also has drill-down capability that allows user to click on a measure or a trend for more detailed information.
        
Powered by Microsoft .Net and SQL Server 2005 technologies, the software easily installs on a network and is accessible through a Web browser. Data can be imported into the application automatically from plant systems, manually, or combinations of both. In addition, Hagen can install real-time data collection through its associations with third-party providers.
    
The solution is highly scalable and can be implemented from the production line level all the way up to an enterprise system. Full user security is provided that limits access to data and reports only to authorized individuals.
        
True Opportunity software is available immediately and can be ordered by contacting Hagen & Co. at (781) 639-4200 or info@hagenco.com. A demonstration of the software package is available at www.hagenco.com/TrueOppDemo.htm.

Our software compares the current performance of a production line or plant to the profit that could be made if everything ran to its true potential

About Hagen
Founded in 1990, Hagen & Co is a leading provider of software and services for manufacturing and process improvement. With offices in Boston, USA, Bristol, UK, and Sydney, Australia, the company has delivered more than 400 profit improvement projects for more than 80 customers in more than 20 different industries. For more information about Hagen’s solutions, visit www.hagenco.com.

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