Manufacturing
Manufacturing includes all processes needed to convert raw materials or components into finished goods, especially with the use of industrial machines and on a large scale. KPIs in manufacturing reflect process efficiency, resources consumption and quality of the outputs.
Key Performance Indicator examples
Select your Key Performance Indicators (KPIs) from the Performance Measures listed below:
% Cost of goods sold
Measures the percentage of cost of goods sold from total revenue.
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รท Electricity consumption per manufactured product
Measures the amount of electricity used for manufacturing a product.
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# Hazardous raw material per kilogram of product
Measures the amount of hazardous raw materials that are used in producing one kilogram of product. Hazardous materials include materials that are radioactive, flammable, explosive, reactive, corrosive, oxidizing, asphyxiating, biohazardous, toxic, pathogenic, or allergenic. They can cause death, serious injury, long-lasting negative health effects, and damage to objects, buildings and environment.
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$ Value of work in progress
Measures the value of units that are in production process, not yet completed.
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$ Production costs per unit
Measures the total costs for producing one unit of final product.
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% Lost manufacturing capacity
Measures the percentage of the manufacturing capacity that is lost or unused.
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% Slow moving stock
Measures the percentage of stock that has not moved in the defined number of days. The defined number of days are less than the ones established for obsolete items.
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$ Obsolete stock
Measures the value of inventory items that were replaced by an alternative and rendered unusable or diminished in value. These items will either be discarded, recycled or sold at a discounted price.
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% Distressed stock
Measures the amount of stock products that have spoiled, become ruined, out of fashion, or are otherwise impossible to sell on the standard market. It also includes computer or consumer-electronic equipment that is obsolescent or discontinued and whose manufacturer is unable to support it.
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# Decoupling stock
Measures the amount of inventory accumulated between two interdependent operations as a buffer against breakdowns or unevenness in machine production rates. By having a decoupling stock the need for output synchronization is reduced.
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