NEW SMARTKPIS.COM REPORT RANKS THE TOP PRODUCTION KPIS OF 2011-2012
May 14, 2013, Melbourne, Australia – The KPI Institute, the global authority on Key Performance Indicators (KPIs) research and education announces the launch of a new report in its 2011-2012 edition of its popular Top 25 series of reports. The series is based on research conducted through www.smartKPIs.com, which contains over 20,000 Key Performance Indicator examples, making it the world’s largest source of thoroughly documented KPIs.
The production process refers to the stages required to complete a product. This generally involves the use of raw materials, machinery and manpower. Production defines the processes and methods to create from tangible to intangible inputs final products as goods or services. Production KPIs refer not only to the assurance of quality of the production process, but also to their efficiency and productivity, quantity and quality of products realized.
The “Top Production KPIs of 2011-2012” report puts together the most popular 25 KPIs. Out of more than 90 Production KPIs available on smartKPIs.com, the 25 most viewed by both members and visitors of smartKPIs.com are now available in a detailed analysis. The report provides a clear description of each KPI, as a result of a thorough documentation.
Production KPIs are grouped into subcategories such as Production Efficiency, Production Timeline, Inventory, Maintenance and Production Costs. In 2011, the most popular indicators were found in subcategories like Production Efficiency, Production Timeline and Inventory, indicating the fact that optimizing the efficiency within production based organizations while maintaining a high level of productivity is an area of great interest for numerous organizations.
The top 5 Production KPIs of 2011-2012 in this report are:
- # Units per man-hour
- % Production schedule attainment
- % Slow moving stock
- # Production plants
- % Recovery yield rate of returned
This report is beneficial in the sense that it brings an international perspective on the most popular KPIs for Production. In terms of utility, the “Top 25 Production KPIs of 2011-2012” report is a valuable resource in promoting the informed use of KPIs or refreshing the existing performance measurement and management practice in any organization.
According to Aurel Brudan, The KPI Institute’s CEO “The Top 25 Production KPIs of 2011-2012 report is a synthesis of what smartKPIs.com is all about: it provides an overview of how Production KPIs are used in practice today, by combining input from the online community with analysis and insights from our research team.”
http://www.smartkpis.com is the leading online platform for performance management knowledge integration, hosting the largest database of thoroughly documented KPI examples available on the web today. It offers high quality resources and collaboration functionality for the community of members, assisting them in making smart decisions regarding their performance management initiatives. Registration is free and enables research, learning and interaction as part of a growing community of members from over 190 countries and territories.
ABOUT THE KPI INSTITUTE
The KPI Institute is a research, publishing and educational provider specialized in developing better practice in the use of KPIs. It developed the KPI Management Framework and runs five main research programs, dedicated to performance management, the Balanced Scorecard, KPIs, analytics and organizational strategy. Over the last 8 years, The Institute assisted over 5,000 organizations in finding solutions to their KPI needs.
Cipriana Turcanu, The KPI Institute, Tel: +61 3 9670 2979, Email: [email protected]