Saturday, November 30, 2013

10 Tips for Building a Metrics-Minded Manufacturing Company

Building a company that makes metrics part of its daily operation takes a strategic approach. In this post, I will share 10 tips for transforming the role of metrics in your organization. These are based on the LNS' research paper: “Enabling Operational Excellence with Manufacturing Metrics”.

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1."Promote metrics performance as an executive issue
2. Make metrics performance highly visible and part of routine meetings
3. Standardize the way you calculate metrics across the enterprise where possible
4. Quantify metrics performance improvements in terms of money
5. Incentivize improvements in metrics performance
6. Empower employees with knowledge of how their actions impact metrics performance
7. Automate the collection of metrics data where possible
8. Develop a portfolio of different metrics for each stage of the value chain
9. Invest in technologies that make metrics information readily consumable
10. Promote a culture of Continuous Improvement"
For more information, read LNS’ research paper, Enabling Operational Excellence with Manufacturing Metrics.
Source: LNSResearch

And feel free to share your own tips in the comments section below. 
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