Defect density – comparison of defective units produced in one run vs.Production costs – all expenses related to the production of goods, including labor, raw materials, taxes, and overheads.Capacity utilization – comparison of the factory’s capacity for production vs.Maintenance costs – all expenses related to upkeep and repairs of machinery and equipment.Production volume – total amount of goods produced over a specified time frame.Cycle time – the amount of time it takes from the very start of the production process to completion of the product.Each manufacturer must choose the KPIs that will best track their specific goals.įollowing are some of the most common manufacturing KPIs:
In general, manufacturing KPI metrics track things like daily output, production costs, maintenance costs per machine, length of production cycles, downtime, and more. With so many options of production metrics, it can become overwhelming to narrow it down and decide which are the most important measurements to track and display on a manufacturing KPI dashboard.
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How to Choose Manufacturing KPI Metrics to Track? With all of the metrics clearly displayed on a manufacturing KPI dashboard, it’s easy for a manufacturer to quickly spot where the problems lie and then strategize accordingly. And there’s no better way to do that than to track a range of manufacturing KPI metrics. The only way to improve a process is first to understand that process thoroughly. Why Track Production Metrics?Ī manufacturing analytics dashboard sounds great, but why is it important to track all of these production metrics in the first place? As any manufacturer knows, the more that operations can be streamlined and made more efficient, the easier it is to lower costs and boost productivity – the ultimate goal. The dashboard is a huge time-saver providing relevant production metrics at the click of a button. A manufacturing analytics dashboard is a one-stop-shop where managers can see a visual representation of all of the data that’s been gathered and the manufacturing KPI metrics that have been measured.Ī real time manufacturing dashboard brings together all of the data collected from all of the machines, sensors and even workers themselves, giving the user a picture that is as broad or as detailed as needed. Manufacturers rely on a lot of data to make sure that the factory is running smoothly, to measure efficiency, and to improve processes when needed.
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