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3 Benefits of Metrics for Manufacturing

How can you grow your manufacturing business if you can’t measure performance? This is where good shop floor management software comes in. These programs provide you with high-valuable metrics in real time, so you can track your workflows and facilitate supply chain management. Here are three benefits of metrics for manufacturing.

1. Manage Your Stock

Forty-six percent of small and medium business owners don’t track inventory or still rely on manual methods [1]. This can have a negative impact on their manufacturing processes. Administrative and paperwork errors account for 25 percent of inventory shrink, according to the National Retail Federation [2].

Production management programs like Prodsmart, however, let you manage the availability of raw materials in your organization, so you can predict when you need more supplies. With Prodsmart, you can create a bill of materials and product trees to better manage sub-assemblies, machine parts, and other crucial components. What’s more, you can customize this software based on your business requirements.

2. Optimize Performance

Most manufacturers want to optimize performance in their organization. With metrics, you can align your manufacturing processes with your shop floor and improve stock control and product tracking. This will help you lower overheads and get more from your

Prodsmart lets you optimize performance with visual workflows that boost productivity. You can increase revenue by maximizing your production capacity, reduce waste and scrap, and save time and money.

3. Track Workers

Measuring employee performance in the manufacturing sector is essential. You can use the latest analytics tools to determine which of your employees are providing the most value to your organization. These tools offer unparalleled insights into your manufacturing business.

Prodsmart provides with you actionable metrics that let you track employee performance in real time. You can discover how long each of your employees spends at work with integrated punch clock tracks, for example.

Good metrics help you manage stock levels, optimize warehouse space, and track workers. Relying on manual methods to track performance — or not tracking performance at all — could jeopardize the future of your manufacturing business.

Sources:
[1] http://www.waspbarcode.com/small-business-report

[2] https://nrf.com/resources/retail-library/national-retail-security-survey-2015

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