What gets measured, gets done.
Collect qualitative as well as quantitative measures. At IPIC, it is essential for leaders to pair quantitative metrics with qualitative inputs. Certainly, qualitative measures can be tricky. It can be misleading as results can be challenged as subjective. However, we’ve found that only by combining them with quantitative measures can leaders capture the full value of output. In many cases, qualitative inputs provide the “why” that illuminates the quantitative “what” and show the best route to solutions.
Test 2
Test 2
Efficiency, it is about making the best possible use of resources.
Give people regular feedback and coaching.
It signifies a level of performance that describes a process that utilizes the minimum of inputs to create the greatest amounts of output, i.e. getting more out of less.
Accurate measurement of all facets of our operations.
Measurable Indicators / Deliverables and Targets.
Labor productivity – tons produced (output) / hours worked.
Energy Efficiency – amount of utilities per ton of products produced.
Line loss – no negative variances.
Inventory accuracy –
Margins -
Conformance to plans -
Overall Equipment Efficiency -
Rate of Return of Investment -
KPI on productivity, CTP, inventory management, line loss, waste, low cost operations, planning and management
Budget Conformance -
Test
Track team performance
The goal of any metrics system is ultimately to drive action, and we find the success when our leaders take steps to integrate these metrics by regularly tracking and communicating progress with stakeholders and ensuring the metrics are embedded in performance reviews.
Can we make metrics interactive so we can share it visually? Like a dashboard that top leaders can view instantly?
SAP/ ERPS system -
Production tracking -
Inventory Management -
Procurement -
Customer Feedback -
Layer 1
