Metrics for measuring the effectiveness of production department

--- In vantage@yahoogroups.com, "B_Stinger" <bstenglein@...> wrote:
>
> Besides Efficiency and Utilization, what other metrics are people using to measure the effectiveness of production departments. Are there good methods of measuring it in Financial terms?
>
> Thanks,
>
> Brian Stenglein
>

Does any one else have more of a financial metric by department. Such as profit/loss, or something based on a budget?

Our CFO is from another industry where she is used to getting this kind of data. I'm not sure how to get her that with Vantage.

Thanks,

Brian Stenglein
Besides Efficiency and Utilization, what other metrics are people using to measure the effectiveness of production departments. Are there good methods of measuring it in Financial terms?

Thanks,

Brian Stenglein
We used the Production Detail report to compare the estimate versus actual costs on all jobs prior to closing them. We also had a custom report that would flag any jobs with a variance in cost over x% and as we got better, we would hone in that percentage. This was reviewed by both the Production Control manager and the Cost Accountant.

--- In vantage@yahoogroups.com, "B_Stinger" <bstenglein@...> wrote:
>
> Besides Efficiency and Utilization, what other metrics are people using to measure the effectiveness of production departments. Are there good methods of measuring it in Financial terms?
>
> Thanks,
>
> Brian Stenglein
>
We've spent the last 4 months really evaluating metrics. This has led to a lot of BPM changes to processes, but has allowed us to capture a lot more data. Our manufacturing metrics include:


* Safety

* First Pass Yield (Quality)

* On-time shipments (qty/value)

* Expected on-time shipments

* Capacity

* Cell on-time performance

* Activity (jobbed vs indirect time)

* Ops completed

* Est vs Act hrs on completed ops

* Rework

* Added materials to BOM

Part of these are built-in, others we had to add a lot of customization & BPMs to get them to work.

Ken

From: vantage@yahoogroups.com [mailto:vantage@yahoogroups.com] On Behalf Of B_Stinger
Sent: Thursday, May 06, 2010 6:19 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Metrics for measuring the effectiveness of production departments - Bayesian Filter detected spam



Besides Efficiency and Utilization, what other metrics are people using to measure the effectiveness of production departments. Are there good methods of measuring it in Financial terms?

Thanks,

Brian Stenglein



[Non-text portions of this message have been removed]