Manufacturing, 20 metrics & KPI

by / Saturday, 22 August 2015 / Published in Billet, Dashboard, KPI & Metrics
manufacturing

Before dashboard creation, it’s important to define metrics and key performance indicators (KPI). Which of them will you use into your dashboard? This choice depends on your function, your strategy and your market. Difference between metric and KPI is objective. A KPI is a metric with an objective, a status and one or more trend(s).

You can use these metrics and KPI for strategical, tactical or operational dashboard. Context and filter will define the level. Be sure to develop your dashboard according on your organizational strategy and with manufacturing team, plant and organization analysts and plant managers.

There are others metrics and KPIs for manufacturing. I’m listing some KPIs that I often implement for my clients.

Manufacturing Metrics and KPI list

I propose to present 20 metrics and KPI for manufacturing (warning: average have to be analyzed with standard deviation. You can replace average by median):

  1. Cycle time

  2. Faults detected prior to failure

  3. First aid visits

  4. Inventory

  5. Machine modules reuse

  6. Maintenance cost per unit

  7. Manufacturing cost per unit

  8. Material costing

  9. Mean time between failure (MTBF)

  10. Mean time to repair

  11. Number of production assignments completed in time

  12. On-time orders

  13. On-time shipping

  14. Open orders

  15. Percentage increase in productivity

  16. Percentage reduction in defect rates

  17. Quality improvement (first-pass yield)

  18. Quality tracking – six sigma

  19. Storehouse stock effectiveness

  20. Work-in-process (WIP)

To calculate these metrics and KPI you need to have access to your data: management system, payroll and HR system, accounting system, plant system.

 

 

20′ lists of Metrics & Kpis

 IT kpi HR kpi accounting kpi sales kpi marketing kpi management kpi


 

food service kpi construction kpi call Centers kpi transport kpi financial retail kpi mediakpi manufacturing kpi Health care kpi


 

finances kpi assurances finances indic kpi


metric big data

Get Free Email Updates!

Signup now and receive an email once We publish new content.

We will never give away, trade or sell your email address. You can unsubscribe at any time.

Please follow and like us:
David-Marc Petit

David-Marc Petit

Président at DWBI Expert
David-Marc PETIT est le président de DWBI Expert Inc. Il cumule plus de 20 ans d’expérience dans des entreprises de toutes tailles et tous secteurs, sur trois continents, en tant qu’expert en intelligence d’affaires. Il a fait de sa mission la démocratisation de l’intelligence d’affaires (Business Intelligence) pour optimiser les revenus et la performance de ses clients.
David-Marc Petit
David-Marc Petit

Latest posts by David-Marc Petit (see all)

Leave a Reply

TOP

Enjoy this website? Please spread the word :)

Facebook
Facebook
Google+
Google+
http://www.dwbiexpert.com/en/manufacturing-20-metrics-kpi/">
LinkedIn