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Key Performance Indicators

If 'Time is the measure of business' then manufacturing must have real-time KPIs providing critical manufacturing measures. With advances in Technology Manufacturing operations of all sizes can now have access to real-time information, which enables 'plant wide' production and performance management. However this information must be converted into business intelligence metrics in real-time to be an effective tool of manufacturing management.

KPI’s are at the heart of many management techniques to produce results and to implement change. Key Performance Indicators are financial and non-financial metrics used to quantify objectives to reflect strategic performance of an organisation.

KPI’s are used in Business Intelligence to assess the present state of the business and to prescribe a course of action. The act of monitoring KPI’s in real-time is known as business activity monitoring. KPI’s are typically tied to an organisation's strategy. KPI’s differ depending on the nature of the organisation and the organisation's strategy. They help an organisation to measure progress towards their organisational goals, especially toward difficult to quantify knowledge-based activities.

A key problem with KPI’s is measurement, accuracy and timeliness. The link to Business Intelligence makes KPI’s of crucial importance, as they could determine future investment funding and cross-plant work allocation in global companies. Utilising validated manufacturing data as the source for KPI measurement (as well as many other information requirements) produces an agreed value from an agreed source. The KPI’s have then to be disseminated throughout an organisation.

EmsPT is skilled in the accurate measurement of KPI’s and their dissemination through management Dashboards – readily understandable information that can be seen on any standard PC desktop using internet browsers. Dashboards are the antidote to information overload – you see key information, information that changes as events change …up to date insight to run the business better, now. As the information is in real-time it readily facilitates probing questions related to the key measurements by which you choose to apply, now.