Category: Metrics
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Efficiency vs. Productivity: Metrics that Matter…Until They Don’t
Measure efficiency and productivity against your REAL goal I keep seeing the word efficiency in the manufacturing media. For someone who is a Constraints Management person, this is the equivalent of saying “Ni” to the Knights Who Say Ni (Monty Python reference, okay?) or like scratching your fingernails across a blackboard. It is one of…
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Manufacturing Metrics that Actually Matter (The Ones We Rely On)
Part one of a multi-part series to help you measure your production efforts wisely LNS Research blogger Mark Davidson said, “When it comes to metrics, it’s often said that what gets measured gets done.” I have found this to be true when working with many different manufacturers. Mark also writes: “Metrics that have the attention…
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A New Way of Looking at Manufacturing Metrics
Most experts agree. The metrics you use to manage your manufacturing operations need to matter, and they need to be actionable. We concur. For a detailed review of the operational metrics we recommend in a demand-driven manufacturing environment, refer to our Metrics for Action Guide. Conventional wisdom also says to keep the number of metrics…
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The Magic Bullet for Real-Time Supply Chain Collaboration? Cloud Visibility.
Jessica Twentyman reported in the Financial Times, that for many manufacturers, supply chain collaboration is stuck in the dark ages. When it comes to ordering materials and components, managing inventory levels, or organizing the delivery of finished goods to customers, companies are forced continually to chase business partners – mostly suppliers, logistics companies, and retailers…
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Why Demand-Driven Manufacturing is Focused on Metrics for Action
Driving Continuous Improvement. In Demand-Driven Manufacturing, there is only one measurement that is important to drive performance: Throughput. There are two subordinate measurements: Inventory and Operating Expense. These three measurements cover the gambit of what needs to be measured because they are directly related to customer orders, cash captured inside the organization, and the cash…
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Aligning Metrics to Strategy
Measuring your strategic goals against their value and the time, money and attention they need When we began our metrics discussion, we talked about how behaviors are too often dictated by metrics—and whether or not these behaviors actually “move the needle” for sustainable supply chain improvements. Mark Davidson’s blog about aligning metrics to larger goals…
