Important Manufacturing KPIs (Key Performance Indicators).

Here are important manufacturing KPIs. This page will also provide how to develop key performance indicators.

How to Develop Key Performance Indicators.

Key performance indicators (KPIs) are important in business because they help businesses to track their progress towards their goals. KPIs can be used to measure a variety of different things, such as sales, revenue, customer satisfaction, and employee productivity.

By tracking their KPIs, businesses can identify areas where they are doing well and areas where they need to improve. This information can then be used to make informed decisions about how to allocate resources and improve performance.

Here are some of the key benefits of using KPIs in business:

Improved focus and alignment: KPIs can help businesses to focus on the things that matter most. By identifying and tracking the most important KPIs, businesses can ensure that everyone is working towards the same goals.
Increased accountability: KPIs can help to hold employees accountable for their performance. By setting clear targets and tracking progress, businesses can ensure that employees are working to their full potential.
Better decision-making: KPIs can help businesses to make better decisions. By tracking their KPIs, businesses can identify trends and patterns that can be used to make informed decisions about how to improve their performance.
Enhanced competitiveness: KPIs can help businesses to become more competitive. By tracking their KPIs and comparing them to their competitors, businesses can identify areas where they need to improve in order to stay ahead of the competition.

Overall, KPIs are an essential tool for any business that wants to improve its performance. By tracking and analyzing their KPIs, businesses can make better decisions and achieve their goals more effectively.

Analytics and Metrics Quotes

Information is the oil of the 21st century, and analytics is the combustion engine.” ~ Peter Sondergaard
“Without a goal analytics is aimless and worthless.” ~Michael Porter
“You can’t manage what you don’t measure.” ~Peter Drucker
“Think about the metric by which your life will be judged, and make a resolution to live every day so that in the end, your life will be judged a success.” ~Clayton Christensen
“If you are looking at data over and over you better be taking away valuable insight every time. If you are constantly looking at data that isn’t leading to strategic action stop wasting your time and look for more Actionable Analytics.” ~Thomas Carlyle
“It is a capital mistake to theorize before one has data. Insensibly, one begins to twist the facts to suit theories, instead of theories to suit facts.” ~ Sherlock Holmes
“A manager is responsible for the application and performance of knowledge.” ~Peter Drucker
“Customers don’t measure you on how hard you tried. They measure you on what you deliver.“ ~Steve Jobs
“You can have data without information, but you cannot have information without data.” ~Daniel Keys Moran
“It’s not about market share. If you have a successful company, you will get your market share. But to get a successful company, what do you have to have? The same metrics of success that your customer does.” ~Gordon Bethune