#1 Manufacturing Glossary - SYMESTIC

Gap analysis

Written by Symestic | Jun 2, 2024 3:23:47 PM

Gap analysis is a tool for assessing the gap between a company's current and desired performance. It helps to identify potential for improvement and develop strategies to close these gaps.

Actual state: Assessment of current performance.
Target state: Definition of the desired performance.
Gap identification: Identification of deviations between actual and target status.

Advantages:

Strategic planning: Support in the development of measures to improve performance.
Process optimization: Identification of weaknesses and potential for improvement.
Target achievement: Support in achieving strategic targets.

Gap analysis is used in various areas of the manufacturing industry to improve performance and achieve efficiency gains.