This Playbook helps manufacturers determine the right manufacturing metrics while fixing some common metric mistakes along the way.
Tracking manufacturing metrics as a way to improve operations is nothing new to manufacturers, but they may be unknowingly sabotaging their efforts. For example, the Playbook suggests that “data issues, lack of strategic vision, missing benchmarks, and a focus on lagging indicators” all contribute to a lack of improvement. Other improvement-stalling contributors include metrics that don’t support corporate goals and too many metrics leading to “paralysis by analysis.”
In this Playbook, manufacturers will learn how to:
- Improve operations with the right manufacturing metrics.
- Avoid common metric mistakes.
- Differentiate between metrics and determine which ones to consider.
- Align strategic corporate goals with departmental metrics.
- Select the technology (e.g., modern cloud ERP applications) that will help them improve metrics management.
- Execute on actionable business insights.