What KPI metrics do best-in-class companies monitor?

In an Aberdeen Group benchmark survey report, Global Manufacturing: MES and Beyond , it is demonstrated that best-in-class companies are more likely to have strategies in place to unify processes and systems across locations, primarily by means of business process standardization, as well as enterprise-level initiatives to standardize key performance indicators (KPI) across locations.

Companies that have been reporting against KPIs for five years or more are likely to have achieved best-in-class status today. As shown in the accompanying chart, better-performing companies tend to show more long-standing measurement programs in place than their poorer-performing counterparts.

At least one-third more best-in-class companies have monitored scrap or yield, factory throughput, and manufacturing cycle time for the past five or more years than their poorer-performing counterparts. The chart also shows a performance disparity between those companies that have been monitoring time-to-market—an important cross-functional metric—for several years—i.e., 50 percent from best-in-class versus 13 percent for others.

Do you have experience and expertise with the topics mentioned in this content? You should consider contributing to our CFE Media editorial team and getting the recognition you and your company deserve. Click here to start this process.