Metrics Framework for Manufacturing Performance
Manufacturers are always trying to understand their current performance in order to improve. Often, nearly everything is measured, just because it is possible. However, manufacturing activities and processes are that complex, that evaluating isolated metrics can be misleading and result in local optimizations and counterproductive decisions.
It is not about minimizing one metric and maximizing another. It is a complex balancing act, influenced by many different factors in manufacturing operations. A well-designed metrics framework, reflecting those influences, is required to understand the actual performance and use that as a basis for further improvement.
This interactive workshop provides insight in how to define an appropriate metrics framework to monitor key aspects of manufacturing performance to drive improved real-time decision making. This includes strategic, tactical and operational aspects of manufacturing operations. The participants will define/select relevant metrics in real cases and construct a metrics structure via a top-down and bottom-up approach. The Metrics Maturity Model is introduced as a guide for performance assessment.
This workshop is based on MESA White Papers and best practices from many manufacturers.
- What is a metric?
- Different levels of metrics and their relationship
- Setting up a Metric Framework
- Three Layered Triangle
- Vollmann Decomposition
- Manufacturing Metrics Construction Process
- Process to collect the required information
- Lifecycle of a metric framework
- Assessing with the Metrics Maturity Model
- Conclusions and Wrap-Up
The workshop comprises several interactive activities ranging from plenary Q&A sessions to group assignments.
USD 990 | EUR 895 | ZAR 8200 | GBP 825 | SGD 1195