Prepared using data from APQC’s Open Standards Benchmarking (OSB) in Manufacturing, this collection includes articles that provide median values for selected key performance indicators (KPIs). Organizations can use this information to gain insight into the efficiency and effectiveness of their manufacturing processes.
- Learn how to calculate the total cost to manufacture finished goods, which includes the costs associated with materials, labor, and overhead, both direct and indirect, as a percentage of revenue.
- Start doing better calculations of the average manufacturing time (in hours) for high-level products that your company manufactures. It is a cycle time measure that helps companies analyze the duration of the process "produce product" from beginning to end.
- Improve calculating the percentage of scheduled run time that is disrupted by unplanned machine/equipment downtime.