In manufacturing, every minute counts.
Did you know that poor tracking of key performance indicators (KPIs) or manufacturing metrics can cost companies millions in lost productivity?
That's why knowing how to track success is vital for manufacturing businesses.
Without KPIs, it would be impossible to determine whether you're meeting your goals or where improvements are needed.
But collecting data is only part of the equation. The real challenge is making that data actionable.
This is where digital signage comes in.
By displaying real-time KPI metrics on digital screens across your facility, you can keep your workforce on the same page, monitor progress, and make quick decisions without the need for constant manual tracking.
Ready to see how these KPIs can boost manufacturing productivity?
Let’s discuss the details.
Manufacturing Cycle Time: A Critical KPI for Measuring Efficiency
Did you know that reducing your manufacturing cycle time can potentially increase your production rate by up to 25%, depending on your current processes and operational efficiency?
In any manufacturing process, time is money, and the efficiency of your operations is critical to success.
Manufacturing Cycle Time (MCT) is one of the most crucial manufacturing metrics for tracking how long it takes to produce a product from start to finish.
MCT helps identify bottlenecks in production, inefficiencies in the workflow, and areas for improvement.
It also highlights whether machinery or processes are slowing down the overall production rate.
Shorter cycle times mean more products in less time, which is crucial for maximizing profitability.
But how can you track this in real-time, ensuring quick responses and immediate improvements?
This is where digital signage becomes invaluable.
Displaying key performance metrics for manufacturing data on digital signage screens across the production floor allows team members to easily access the latest information.
Moreover, digital signage or real time displays (RTD) can help shift supervisor and operator focus to areas that need improvement or issues that may be increasing cycle time.
Also Read: The Impact of Digital Signage on Uptime, Productivity, and Labor Cost Reduction
Understanding Overall Equipment Effectiveness (OEE)
Do you frequently check your OEE (one of the key performance metrics for manufacturing)? Is all the equipment in your manufacturing operation effective?.
Overall Equipment Effectiveness (OEE) is often referred to as the gold standard for measuring manufacturing productivity.
It means how efficient and effective your pieces of equipment are.
In other words, OEE is a comprehensive metric that evaluates the efficiency of a manufacturing operation by considering three key factors: availability, performance, and quality.
If your OEE score isn’t 85%, this means you’re underperforming in terms of manufacturing!
It’s time to embrace digital signage to increase your OEE score.
Digital signage lets you show real-time OEE data on screens by giving workers immediate feedback on machine and process performance.
This visibility lets you monitor issues like machine downtime or performance gaps—enabling quicker decisions to address potential problems before they worsen.
With the tech behind digital signage with OEE tracking, your teams are informed and engaged, improving overall efficiency and reducing unplanned downtime.
Ready to take control of your OEE? Let digital signage help guide the way.
Also Read: Why Digital Signage is a Game-Changer for Manufacturing
Why First Pass Yield (FPY) Matters
If you’re running a manufacturing line and every unit that rolls off the line is flawless—then your First Pass Yield (FPY) must be quite good.
According to statistics, if a factory produces 1,000 units and 950 pass quality checks on the first attempt, the FPY would be 95%.
Why does this matter?
A higher FPY means less waste, fewer delays, and smoother operations.
However, if you’re struggling to maintain the standard FPY, digital signage can help by showing real-time FPY updates on the shop floor.
This allows your employees to spot issues quickly and make adjustments right away. Digital signage or Real Time
Displays, when used in such fashion, can significantly boost manufacturing productivity.
For example, a live dashboard on the factory floor can show metrics like defect rates and error types as they happen, enabling quick corrective actions.
Additionally, digital signage can display key performance metrics for manufacturing like SOPs and troubleshooting guides.
This helps operators to follow processes accurately and reduce errors.
The result?
Less rework, lower costs, and a boost in overall quality KPIs in manufacturing.
Also Read: How to Reduce Labor Costs in Manufacturing with Digital Signage
How Downtime Percentage Leads to Better Productivity
As we discussed earlier, digital signage and Real Time Displays helps maintain quality KPIs in manufacturing. Now, it’s time to sustain it with reduced downtime.
When it comes to racking downtime percentage, it’s one of the crucial manufacturing metrics, as less downtime leads to substantial cost savings.
Minimizing downtime enhances resource utilization—keeping your equipment and employees productive & efficient.
This, in turn, helps maintain product quality and consistency due to fewer interruptions in productivity.
So, downtime directly affects your productivity, halting operations and eating into profits.
For instance, if a machine breaks down in the middle of a peak production cycle—it’s a nightmare scenario that leads to missed deadlines and frustrated clients!
But don’t you worry!
Digital signage can help here by offering real-time alerts on machine status, preventive maintenance schedules, and visual reminders of key procedures.
When all the necessary information is displayed on Real Time Displays across the shop floor, you can quickly address issues, minimize delays, and keep the production line moving efficiently.
No more lengthy downtime from now on.
Discover how this works for your production line—book a demo today!
Why On-Time Delivery Rate is a Critical KPI
Along with the other manufacturing metrics, the on-time delivery rate is a critical quality KPI in manufacturing.
This metric reflects your ability to meet customer deadlines consistently, which is a crucial indicator of any kind of operational efficiency.
Did you know that 23% of shoppers avoided purchasing from a retailer known for delayed delivery?
This emphasizes just how crucial timely shipping is for attracting and retaining customers!
But how does digital signage fit into this?
Digital signage or Real Time Displays allows you to display live updates on order statuses, production schedules, and potential delays, along with other quality KPIs in manufacturing.
This transparency helps you to stay aligned, resolve issues quickly, and ensure products reach customers on time.
Unlock the Full Potential of Your KPIs with L Squared
Key performance indicators (KPIs) are more than just numbers on a spreadsheet—they’re the heartbeat of a manufacturing operation.
These metrics tell the story of how your processes are performing, where your strengths lie, and what areas need improvement.
But here’s the catch: KPIs are only as effective as the tools you use to track and act on them.
This is where L Squared can make a difference for your business operations.
Whether it’s monitoring cycle times, optimizing OEE, or improving on-time delivery rates, L Squared helps you stay ahead in the fast-paced world of manufacturing.
Ready to track success with KPIs? .
Contact L Squared today to see the difference!
Frequently Asked Questions
What are the top five metrics for effective production monitoring?
The top five metrics for effective production monitoring include Manufacturing Cycle Time, Overall Equipment Effectiveness (OEE), First Pass Yield (FPY), Downtime Percentage, and On-Time Delivery Rate.
How often should these metrics be updated on the display board?
These metrics should ideally be updated in real-time to provide immediate visibility into performance issues and support quick decision-making. For metrics like OEE, FPY, and Downtime Percentage, real-time updates are crucial for addressing inefficiencies as they occur. Additionally, periodic updates, such as hourly or shift-based summaries, can be useful for team reviews and tracking long-term trends.
