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World Industrial Reporter » Market Trends » Top Five Performances to Measure

Top Five Performances to Measure

September 28, 2012

Manufacturers always find it difficult to manage — or improve — what they don’t measure. Just-released findings from the 2011 MPI Manufacturing Study (survey of 322 plants in the United States and abroad) show that while manufacturers are monitoring a range of fundamental operations performances, other key processes and outcomes are ignored.

The top five performances monitored and measured by manufacturers (rated 4 or 5 where 5=real-time capability) are:

  • Location-specific inventory levels (58% of plants),
  • Process-specific quality (58%),
  • Process-specific safety (56%),
  • Process-specific pace or speed (51%), and
  • Process-specific productivity (47%).

A high percentage of plants have “no capability” to monitor and measure external logistics/distribution performance (18% of plants); in-plant material-handling performance (17%); and process-specific sustainability performance (16% of plants).

Plant’s capability to monitor and measure (% of plants) 

 

1=No capability

2

3

4

5=Real-time capability

Location-specific inventory levels

6.9%

8.7%

26.3%

30.5%

27.7%

Process-specific quality

3.8%

10.7%

27.6%

30.7%

27.2%

Process-specific safety

7.3%

10.1%

26.1%

35.2%

21.3%

Process-specific pace or speed

6.3%

11.8%

30.9%

28.5%

22.6%

Process-specific productivity (i.e., value vs. waste)

6.9%

14.9%

30.9%

30.9%

16.3%

Individual equipment or machine performance

6.6%

15.6%

32.3%

30.6%

14.9%

Supplier performance

6.2%

17.0%

38.8%

29.4%

8.7%

Process-specific sustainability performance

15.5%

16.6%

35.9%

24.3%

7.8%

External logistics/distribution performance

17.5%

18.2%

34.6%

24.1%

5.6%

In-plant material-handling performance

16.6%

20.7%

34.5%

19.0%

9.3%

 Does your company monitor the right measures?

 _______________________________________ 

Contact The MPI Group to learn more about the 2011 MPI Manufacturing Study findings and the 2011 Next Generation Manufacturing Study findings.

 

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Filed Under: Market Trends

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