More of the manufacturers and producers who improved their profits significantly also use metrics consistently and align corporate objectives with operational metrics compared to their peers.
Less than 40% of all respondents see predictive analytics as important or most critical, compared to over 85% who see actual values as important or most critical. This look back is beneficial in real time with the opportunity to predict or look forward on the horizon. Averages, variance and trends are also considered important or most critical by over half of respondents. The Manufacturing Enterprise Solutions Association (MESA) in conjunction with its media partner IndustryWeek today released the findings of a joint research study in MESA White Paper #40 Performance Improvement and Metrics Practices.
This research also indicates that while most manufacturers have undertaken performance improvement initiatives such as Lean manufacturing, total quality management, and six sigma, most are not consistent in using metrics. Fewer than two in five respondents report that their companies always use metrics to improve performance. About 45% report that they sometimes do, but over 15% report that they do not often or never use metrics to improve performance. So these data-oriented initiatives may not deliver the intended benefits or are only used in a portion of the business, since metrics serve to focus the activities.
This group of respondents is primarily directors and managers, but 23% executives and 14% supervisors and staff also responded. Their satisfaction with the availability of metrics-to make sound decisions varies by scope of role. While no team leader is very significantly satisfied, over one third are significantly satisfied, bringing their level of significant/very significant satisfaction higher than Senior executives and managers/project managers, who are close behind. Directors (25%) and staff (20%) are much less likely to be significantly or very significantly satisfied with available performance metrics needed for timely decisions.
Forget complex programmingget smarter, faster automation with MOVI?C. With scalable performance, multibus flexibility, and safety built in, its control tech that adapts to ...
Looking for speed, accuracy, and zero maintenance? SL2 synchronous linear motors deliver high-performance motion without wear partsperfect for pick-and-place, handling, and precision...
Say goodbye to complex programming and hello to effortless automation. With SEW-EURODRIVEs MOVI-C control tech, you get powerful motion control, ready-to-use software modules...
Discover how one of the busiest airports in the U.S. upgraded its baggage handling system to meet strict energy goals and boost performance. See how SEW-EURODRIVE helped American...