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Manufacturing is all about constantly uncovering ways to streamline your operations to lower costs and boost your productivity. No matter the industry you operate in, the goal is to produce more for less, and understanding your manufacturing processes is the first step towards ultimately improving them. Having a clear picture of your manufacturing KPIs gives you an overview of how efficiently your production is accomplished in a straightforward and easy-to-understand format.
That’s why it’s important to ensure you’re using the appropriate key performance indicators, and you’ve set up your manufacturing dashboard to readily comprehend and interact with your data to glean the best possible insights.
The goal of your KPIs is to gain a broad overview of your production including daily output, your production costs, how much you’re spending on maintenance per machine, your production cycles, and more. The different number of possible ways to arrive at answers means that you can combine different KPIs to obtain the information that’s most relevant to you. To get started, we’ll give several useful manufacturing KPI examples, when to use them, and how to get the most out of each.