Performance reporting.

• Position: TechnologyTOOLS - Hagen & Co.'s True Opportunity[TM] - Brief article

"The world's first dollar-based manufacturing performance reporting system" has been introduced by Hagen & Co., a supplier of software and services for manufacturing and process improvement.

True Opportunity™ software is aimed at 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," the Marblehead, Mass.-based Hagen said in an announcement. "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."

True Opportunity software prioritizes each opportunity by its financial value, enabling performance improvement teams to focus on projects that will deliver the greatest profit. Its 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 plc...