Manufacturing KPI Tracking: Key Metrics to Optimise Operations
Monitoring the appropriate Key Performance Indicators is critical to enhancing efficiency and lowering costs. It sustains quality production standards. The combined use of Manufacturing Analytics and Industrial IoT allows for the analysis of real-time data. It has enabled manufacturers to optimise their operations. This blog discusses the key manufacturing KPIs that lead to enhanced decision-making. Why Manufacturing KPIs Matter KPIs give a measurable indicator of performance that enables manufacturers to gauge their production efficiency, resource usage, and general business health. Through tracking these metrics, companies can: Detect inefficiencies and bottlenecks Increase productivity and minimise downtime Enhance product quality and reduce defects Manage costs and maximise resource allocation Make informed strategic decisions Manufacturing KPIs to Monitor 1. Overall Equipment Effectiveness OEE is the benchmark for measuring manufacturing productivity. It measures thre...