Post by shuklamojumder02 on Mar 4, 2024 4:32:56 GMT -5
Performance indicators are variables that you must be able to consult to analyze the evolution of your furniture factory. These allow us to have a more complete overview of our business, know if we are achieving our objectives and identify our errors to enhance productivity in your furniture company. By consulting the KPI indicators in real time, we can make quick and decisive decisions, something essential so that incidents can be resolved or what is not working can be improved before time passes. In your ERP for the Simgest furniture sector you have the SIM.KPI's extension with which you can measure these indicators. What are the KPIs that you should control in your furniture factory? If you have a furniture manufacturing company, there are several elements that can be very sensitive and that we must control. Average time in which an operation is carried out How long does it take workers to carry out an activity, such as assembling furniture? The average time can indicate that our productivity is declining, it takes us longer to prepare orders and therefore it is not possible to deliver the furniture on time.
Being aware of an increase in the time per operation of this KPI will help us take quick action, if we do not want orders to accumulate or if we want to meet a certain number of manufactured parts. Consumption of materials to make a unit How many kilos of raw materials do we consume to make a piece of furniture? What is the cost of materials to manufacture that unit? If we don't keep costs under control, profit margins Japan Telegram Number Data shrink. An increase in defective units implies a greater consumption of raw materials to obtain the same result. Therefore, we must have control of this KPI to prevent costs from skyrocketing. Percentage of efficiency of a process The efficiency ratio of a process is measured with the result of the division between operating expenses and gross margin. It is usually expressed as a percentage.
The lower the percentage, the more efficient we are, since we have spent less to achieve the same income. What aspects should you consider when measuring your factory's performance indicators? There are several elements that you should take into account when evaluating the KPIs of your furniture factory. Periodicity: although we analyze the data in real time, all variables are measured in relation to time. What is our efficiency percentage in a day, month or quarter? Have we improved or worsened? Responsible: each area or department manager must consider the KPIs that correspond to them. These will have a more direct relationship with the employees who carry out these operations, so they will know how to act and give instructions to achieve the objectives. Ratios: we must take into account what magnitudes we are going to put in relation, according to the relevance they have for the calculation of our KPIs. For example, we can relate production time to unit produced, cost per unit produced or raw materials per unit produced, depending on the information we need to obtain.
Being aware of an increase in the time per operation of this KPI will help us take quick action, if we do not want orders to accumulate or if we want to meet a certain number of manufactured parts. Consumption of materials to make a unit How many kilos of raw materials do we consume to make a piece of furniture? What is the cost of materials to manufacture that unit? If we don't keep costs under control, profit margins Japan Telegram Number Data shrink. An increase in defective units implies a greater consumption of raw materials to obtain the same result. Therefore, we must have control of this KPI to prevent costs from skyrocketing. Percentage of efficiency of a process The efficiency ratio of a process is measured with the result of the division between operating expenses and gross margin. It is usually expressed as a percentage.
The lower the percentage, the more efficient we are, since we have spent less to achieve the same income. What aspects should you consider when measuring your factory's performance indicators? There are several elements that you should take into account when evaluating the KPIs of your furniture factory. Periodicity: although we analyze the data in real time, all variables are measured in relation to time. What is our efficiency percentage in a day, month or quarter? Have we improved or worsened? Responsible: each area or department manager must consider the KPIs that correspond to them. These will have a more direct relationship with the employees who carry out these operations, so they will know how to act and give instructions to achieve the objectives. Ratios: we must take into account what magnitudes we are going to put in relation, according to the relevance they have for the calculation of our KPIs. For example, we can relate production time to unit produced, cost per unit produced or raw materials per unit produced, depending on the information we need to obtain.