
The Importance of KPIs in Manufacturing
What is a KPI? In the manufacturing industry, the term “KPI” refers to a Key Performance Indicator. KPIs are defined metrics that manufacturing companies monitor and analyze in order to make sure that critical business objectives are being met successfully. By monitoring and analyzing KPIs, manufacturing companies are able to gain valuable insight into whether or not organizational goals and targets are attained effectively. Further, KPIs can be used to help identify opportunities to improve....