The Top 7 Business Metrics used in Lean Manufacturing.

business metrics used in Lean Manufacturing

 

In this article, you will learn the most common business metrics used in lean manufacturing and Lean six sigma.

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:

  1. Work in process,
  2. Queues,
  3. Blockers,
  4. Lead times,
  5. Cycle times,
  6. Throughput,
  7. Cumulative Flow diagrams CFD.

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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REFERENCES: Business Metrics used in Lean Manufacturing.

httpss://en.wikipedia.org/wiki/Lean_Six_Sigma

httpss://www.greycampus.com/blog/quality-management/a-brief-introduction-to-lean-and-six-sigma-and-lean-six-sigma

Ramon Cayuela, MS, BS, Chemical Engineering

Ramon Cayuela, MS, BS, Chemical Engineering

CIQA President and CEO.
I've been working in validation engineering since 1992 with many multinational pharmaceutical companies. I love sharing my passion and knowledge with others. If you have any questions about anything (or just have general questions). I will be more than happy to assist you. You can count on the BEST customer service on CIQA. I go to great lengths to make sure my clients are 100% satisfied with their purchases and check emails/messages consistently throughout the day. You can rest assured that everything being sold here is as-described or your money back. I look forward to working with you!