September 30, 2014 1:00 PM
Fewer than 20% of companies say that “everyone” in their business gets the numbers they need to make day-to-day decisions (according to The Advanced Performance Institute). To steer the business properly, leaders need a long list of KPIs – usually on a monthly basis.
That list can get shorter, when data for metrics becomes real-time.
Maybe it’s time to rethink key performance indicators for your food manufacturing operation in context of real-time data. It means the right peopleand the right insight at the right time.
Consider this: Producers that shift from static information to real-time data are the real winners when it comes to operations performance, complete on-time shipments, and new product introductions. They’re also the ones that can shift from monthly KPIs to weekly, weekly KPIs to daily, and daily to real-time, and in the process reduce the number of front-line metrics to just those that will have the greatest impact on operations and business performance.
What does it take to develop a KPI strategy for the next generation manufacturing enterprise?
- Assess your current KPIs by business function, role and department
- Consider real-time readiness and maturity, in context of people and data sources
- Create a KPI roadmap and action plan, prioritize by readiness and business value
- Choose the “best” KPIs and commit the right resources
We’ve invited John Oskin, 25+ year veteran of manufacturing operations and performance improvement to describe how to rev-up KPIs and decision-making – to give everyone – on the shop floor, and on up to the top floor – a role in decision-making, performance and profitability.
Take a 30-minute break from your KPIs to have more impact on your business. (Read more)
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