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Reassessing Your Manufacturing KPIs for Maximum Impact

Every manufacturing operation has key performance indicators (KPIs). For some, the KPIs may be updated daily on a whiteboard, for others they may be updated hourly in an ERP. Regardless of how you store or update your KPIs, it is a good practice to revisit your metrics annually to make sure they are providing you with the insight you need to manage your operation.

Incremental Change is Still Progress

Our modern-day view of innovation as needing to be “game changing” or “revolutionary” is ignoring an important business reality: incremental change is still progress. Sure, we would all like our business to be the next Netflix, Facebook, or Amazon that disrupts an entire industry. However, focusing too much on disruptive innovation can cause your business to ignore opportunities to make small changes that could ultimately transform it.

Combatting Information Overload in Your Business

So much of what has been written about information overload in the past 10 years deals primarily with the amount of information bombarding us every day. While bloated email inboxes are a challenge, a bigger issue that gets missed in the coverage of individual struggles with information overload is the management logjam caused by the huge amount of data being received and generated by your own business.

One Number to Rule Them All?

We see it all the time in the news: whether it is the Dow Jones Industrial Average, the unemployment rate, new jobs created, year-over-year same store sales, or quarterly profits. We are expected to make judgments and react based on one number or another. While creating drama regarding one metric might make good headlines, it is not a good way to monitor and manage a business.

Trust Your Gut, but Lead with Data

Leading a business or a business unit has always been challenging, but it seems like it is doubly difficult right now. It often seems like the information overload occurring in all aspects of our lives is the root cause. However, that same information overload can actually make it easier to run your business.

Being A Trend Spotter

December and January are usually when we see a lot of people write about the trends of the past year or the trends to watch for in the new year. While those articles are often entertaining and sometimes useful, there is a better way to follow trends. Spot them yourself.