Production metrics are specific key performance indicators (KPIs) used to measure the performance and efficiency of production processes within a company. These metrics provide a solid foundation for monitoring and controlling production by offering relevant data on the quality, performance, and availability of production resources.
In the manufacturing industry, production metrics are crucial for identifying optimization potentials and reducing production costs. Companies use these key performance indicators to increase transparency in production processes and to analyze causes of inefficiencies. By carefully evaluating this data, managers can make informed decisions that boost productivity and ensure the quality of products.
Overall equipment effectiveness (OEE) is a central metric for assessing the effectiveness of production processes. It combines factors such as availability, performance, and quality to provide a comprehensive overview of the productivity in production environments. A high OEE level indicates that production is running optimally, with minimal weaknesses and optimization potential. By closely analyzing the causes of deviations in OEE, companies can refine their production control strategies, thereby lowering production costs.
Production metrics are essential for the controlling and optimization of production processes in a company. They provide valuable insights into the performance of manufacturing and help to identify and address causes of inefficiencies early on. By strategically using key performance indicators such as OEE, companies can reduce production costs, shorten cycle times, and significantly improve the quality of their products.