10 Questions Answered from Wednesday's 'Metrics that Matter' Event

Posted by Mark Davidson on Fri, Apr 18, 2014 @ 08:37 AM

On April 16, 2014, LNS Research and MESA International held a webcast event entitled, “2013-2014 Manufacturing Metrics that Really Matter.” By the end of the event, we had received a barrage of questions from attendees, many of which couldn’t be addressed live due to time. In this post, we’ll address the top 10 questions that were asked.

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Tags: Operational Excellence, Enterprise Quality Management System (EQMS), Metrics

34 Key Metric Stats from the MESA/LNS Metrics that Matter Survey

Posted by Greg Goodwin on Fri, Apr 11, 2014 @ 07:00 AM

Embarking and accelerating on a continuous improvement journey toward improved manufacturing performance is becoming increasingly important these days, as the shifts around global supply and demand, heightened customer expectations, and exciting newtechnological capabilities have created an atmosphere where manufacturing excellence is required to lead, or even maintain your spot within your industry, regardless of what that industry might be.

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Tags: Metrics, Manufacturing Operations Management (MOM)

One Aspect Missing from Most Continuous Improvement Initiatives [DATA]

Posted by Mike Roberts on Thu, Apr 10, 2014 @ 07:00 AM

With today’s global economy only becoming more competitive, it’s no surprise that everybody in the manufacturing environment is talking about continuous improvement. Proven leaders understand that if you’re not moving forward, making year-over-year gains in key performance indicators (KPIs) and metrics, then you’re destined to face some serious challenges down the road.

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Tags: Operational Excellence, Metrics, Benchmarking

Plant Managers: Which Metrics Are They Monitoring Closely?

Posted by Greg Goodwin on Tue, Apr 08, 2014 @ 09:36 AM

As a plant manager, you’re responsible for the day-to-day management and coordination of production, logistics, and maintenance in your assigned facility. Your position is one that’s hands-on and focuses on using all the resources at your disposal to maximize production accuracy and profitability while ensuring worker safety and government compliance in a particular unit of the manufacturing organization.

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Tags: Operational Excellence, Metrics, Performance Management

Optimizing Your Manufacturing and Operational Metrics [Infographic]

Posted by Greg Goodwin on Mon, Mar 24, 2014 @ 07:44 AM

It’s the paradox of choice—the presence of too many options can make effective decision making more difficult. This isn’t just the case of a restaurant patron confronted with an extensive dinner menu or an online shopper perusing Amazon, it applies to manufacturers as well.

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Tags: Metrics, Manufacturing Operations Management (MOM), Performance Management

How Do You Compare? Annual Manufacturing Performance Improvements

Posted by Mike Roberts on Mon, Mar 03, 2014 @ 01:16 PM

With over 200 survey responses for the co-sponsored LNS Research-MESA Metrics That Matter research study, we have been digging into the results to determine what drove the greatest manufacturing performance improvements in 2013. The preliminary analyses have been insightful, and, as always, we’re excited to share the data with you.

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Tags: Operational Excellence, Metrics, Manufacturing Operations Management (MOM)

Leading Vs. Lagging Indicators and the Coming IoT-Big Data Explosion

Posted by Greg Goodwin on Tue, Feb 18, 2014 @ 06:00 AM

Like any industry, manufacturing requires effective leading and lagging indicators to benchmark, understand, and predict performance. These measurements are the lifeblood of continuous improvement professionals. Without them, it would be very difficult to validate past efforts and trends, and even more challenging to plan for and anticipate future events.

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Tags: Metrics, Manufacturing Operations Management (MOM)

7 Benefits of Benchmarking Your Manufacturing Performance [DATA]

Posted by Mike Roberts on Tue, Jan 07, 2014 @ 06:00 AM

Whether it’s for comparing the effectiveness of product lines or business units within your company, or the effectiveness of your company against close competitors, benchmarking is a vital continuous improvement tool. And although it’s safe to say that the average executive understands the benefits of benchmarking performance, that doesn’t necessarily mean his or her company has ever participated in such an initiative.

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Tags: Operational Excellence, Metrics, Manufacturing Operations Management (MOM)

Last Chance to Take the Metrics that Matter Survey!

Posted by Mike Roberts on Fri, Nov 15, 2013 @ 12:55 PM

Over the past six weeks, we’ve learned a lot about what challenges manufacturers face in measuring and optimizing business performance. And we’ve gained valuable insight into which metrics, technologies, and processes are driving the most value for organizations today. We’d like to thank everyone who has given us their thoughts and opinions so far through participating in the Metrics that Matter survey.

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Tags: Metrics, Performance Management

10 Tips for Building a Metrics-Minded Company

Posted by Mehul Shah on Thu, Nov 14, 2013 @ 06:00 AM

If it takes a village to raise a child, then it takes an entire organization to raise an operational metric. As a leader, there’s no doubt you spend a lot of time thinking about goals and how to achieve them. Though, whether your focus is on profitability, energy or manufacturing efficiency, product quality, or customer service, the reality is that those high-level objectives are only attainable when everyone in the company is doing their part.

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Tags: Operational Excellence, Enterprise Quality Management System (EQMS), Metrics