The latest annual data for the UK manufacturing industry, collected by Make UK before the coronavirus pandemic, shows the sector accounts for £191 billion of output, placing us in the Top 10 largest manufacturers in the world. The only way to keep up with such fierce competition is by monitoring key performance indicators (KPIs) and optimising manufacturing operations.
But just what are these KPIs? In the below article we outline the 6 manufacturing KPI’s for operations management namely;
- Operational Equipment Effectiveness (OEE)
- Overall Labour Effectiveness
- Scrap Rates
- Right First Time / First Pass Yield
- On-Time In Full (OTIF)
- Non-Conformance
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