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Key Performance Indicators (KPIs) are a great tool for measuring the effectiveness of the manufacturing processes. Managers can use these KPIs in the manufacturing industry to manage different sectors such as workforce efficiency, schedule management, cost management, material management etc.
Let’s look at the main areas of manufacturing processes that could be measured through KPIs:
Material management
Workforce management
Customer demand management
Equipment management
Project management
Outcome performance
At winningkpi.com we have created a wide range of Manufacturing KPIs, covering the areas above. The main sections of our KPIs measure the topics below. I also added for you some KPI titles you will find on the website.
Workforce Performance
Measuring of Man-Hour per (equivalent) Unit">
Material management
Measuring of Loss Ratio of Material per Order">
Measuring of Rate of Damaged Material by Error of Workers">
Equipment performance
Measuring of Overall Equipment Effectiveness (OEE)">
Measuring of Mean-time between failure (MTBF)">
Waste Management
Measuring of % of Hazardous Operational Waste">
Customer Demand Management
Measuring of TAKT Time">
Task management
Measuring of Manufacturing Schedule Adherence %
Each KPI has one or more comments under it with further explanations. If you don’t find what you are looking for, POST IT! You will get support from our team of professionals, or from fellow business users.
In order to make the most of your Manufacturing KPIs, check out the best practice tips below. They will help you take 100% benefit from the KPIs here at winningkpi.com.
Personalize them!
Ensure they measure what you need measured. We have a wide range of Manufacturing KPIs to choose from. Identify what you need to measure, take our examples and adapt them to your situation. If you’re not sure what you want measured, that’s fine. All you need to do is browse through our KPIs, take a note of what you would like to measure, and then apply it to your business needs. Post a request for specific KPIs or a comment under an existing KPI and we’ll help you with the process.
Make them strategic!
KPIs, as their name reflects, are tools to measure performance. In simple words, performance measures how well the company is working towards meeting strategic goals. Therefore, it is very important that the KPIs are aligned with the overarching strategy. Ensure to get the KPIs in line with the Project goals, Manufacturing Goals and Business Strategies.
Make them measurable!
Just like objectives, KPIs need to the SMART (Specific, Measurable, Achievable, Realistic and Time Scaled).
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