Business Metrics Definition
Standards of measurement by which efficiency, performance, progress, or quality of a plan, process, or product can be assessed.
A business metric is a quantifiable measure businesses use to track, monitor, and assess the success or failure of various business processes.
The main goal of measuring business metrics is to track cost management, but the overall point of employing them is to communicate a company’s progression toward certain long- and short-term objectives.
7 Business Metrics used in Lean Manufacturing.
Typically, the following business metrics are considered when implementing lean manufacturing:
Additional business metrics exist and can be considered during the implementation of lean manufacturing. More business metrics used in lean manufacturing are described in the Glossary of Terms.
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Three (3) Options to Create Document Control Management DCM Procedures:
Bronze Option. You Can Create Your Own Quality Procedures, using a Template.
You can download samples of the Document Control Management DCM procedure templates in .pdf format.
To see the complete list of the most popular quality procedures templates, click here.
In addition, you can request a quotation to buy online a full SOP template document in MS Word format that is completely editable, ready to fill, and adapt to your specific needs.
Silver Option. We Can Bring You Formal Training about Business Metrics used in Lean Manufacturing.
This option is recommended if you want to learn more about how to build robust quality system procedures. One of our expert(s) can provide online step-by-step training to your team (unlimited assistance) on how to build reliable SOPs using our template(s). Also, you can improve your corporate quality procedures and policies by incorporating our template(s) and tools. It includes a fully editable template from the Bronze option, plus training, exams, and a training certificate for each assistant. Request a quote now.
Gold Option. We Can Create Customized Quality Procedures.
One of our expert(s) will create and prepare your customized SOPs with the inputs and specific information of your company. It includes a fully editable template from the Bronze option, plus online support in document creation, implementation, and training. Request a quote online.
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REFERENCES: Business Metrics used in Lean Manufacturing.