5 MANUFACTURING KPI FACTORS THAT YOUR ERP SYSTEM MUST PRIORITIZE ABOVE ALL
Key performance indicators (KPI) are factors that tell you how your business is doing by calculating the performance of each section or functionality of your company using business intelligence (BI) tools and representing them as graphical data. Such KPIs are typically integrated with a company’s ERP system where the board of Directors can keep a real-time track of the ups and downs in the performance in a specific section and make business decisions accordingly. Manufacturing industries, especially, need this KPI data to ensure the cycle from product forming to delivering is run smoothly and make changes to enhance its overall efficiency. If you’ve just started you’re manufacturing business or are a long time player in the manufacturing industry, here are some most essential KPI factors that your ERP system must track to get helpful data on your ongoing operational processes: Supply Chain Cycle Time: A product’s cycle time is the collective time taken for making a product...