Strategic philosophies or practices such as Kaizen, Lean Manufacturing, Six Sigma, Total Quality Management and Continuous Improvement are used by many organizations to help improve processes, drive productivity and maintain a competitive edge in today’s ever increasing global economy.
Despite varying concepts, each practice uses Key Performance Indicators (KPIs) to assess, analyse and track business manufacturing processes. These performance measurements are comminly used to evaluate success in relation to goals and objectives. KPIs tend to vary by organisation. Even if an organisation does not employ formal continous improvement initiatives, efficiency gains can still be realised by borrowing lessons learned through the visual management techniques of those processes.
A list of seven common production KPIs used on automated plant floors follow: (1) Count (Good or Bad), (2) Reject Ratio, (3) Rate, (4) Target, (5) Takt Time, (6) Overall Equipment Effectiveness (OEE) and (7) Downtime.
Each is outlined in Red Lion’s “Seven Common KPIs for Production Monitoring” white paper.
Download the PDF by clicking the below link.
Seven Common KPIs for Production Monitoring White Paper
What is Visual Management?
Download the PDF "Visual Management Solutions" white paper below.
Visual Management Solutions White Paper
Visual management is the process of displaying critical information such as KPIs that relate specifically to production output, efficiency and quality. By displaying this data on the factory floor, employees have a better sense of production levels and tend to strive for higher performance.
Visual management also provides actionable information that allows supervisors to better monitor performance and determine, in real-time, areas that may need improvement. The overall result helps to drive productivity throughout the organization by increasing efficiency, quality and uptime.
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