Measure what you want to improveThere are many opinions as to what key performance indicators (KPIs) should be monitored at a small to medium-sized manufacturing company, but the on-time delivery (OTD) KPI is on everyone’s list. It doesn’t matter if the company is build-to-stock, a ...
Manufacturing is all about production. Having that production work more efficiently will help manufacturers make more products and get those products to their customers faster. Cycle time is one of the key performance indicators (KPIs) that manufacturers use to measure the time they spend working on...
In today's dynamic manufacturing landscape, where customer demands are constantly evolving, having anefficient production planningprocess is crucial for success. From accurately forecasting demand to seamless execution, streamlining the manufacturing production planning process can significantly enhance operational...
Everyone needs something to strive for to keep them on track.Key performance indicators (KPIs)are a great way to make goals more tangible and quantify what was up until now unquantifiable. When you (or your boss) are wondering if you’re doing a good job, KPIs are there to answer your ...
Dashboards provide intuitive and user-friendly ways for people to track the data and figures.People in charge of manufacturing operations can overview the overall performance of the production line and make accordingly decisions on how to optimize. ...
On-the-job performance evaluation allows you to track employee training progress and assess how effectively employees apply new knowledge in real-world work scenarios. This method involves checking the KPIs of your training targets. For example, if your program aims to improve customer satisfaction an...
To help you with this task, here we list a few critical steps for setting them. 1. Use KPI standards The first step, arguably the most important, is to start defining the key performance indicators you will track. As we mention in our guide on KPIs vs metrics, not everything that can...
What actions should I take to get it, Green, when it is off track? What should I do when it's Red or Yellow? What action can I take from the measurement to improve it? Start with just 1 or 2 KPIs. The secret of success is not in the KPI. The secret of success is in the ...
Using Key Performance Indicators (KPIs): Track KPIs to measure project performance. Being Flexible: Be prepared to adjust plans and reallocate resources as project dynamics change. Using Methodologies: Agile methodologies, with their iterative cycles and regular reviews, support continuous monitoring and ...
SMART goals should be specific, measurable, achievable, relevant and time-bound. When action items are made alongside SMART goals, it’s easier to increase the likelihood of following through on each action item. Establish Metrics and KPIs to Track Action Items ...