25 KPI Examples For Manufacturing Companies

Because Rhythm acts as a framework for pulling together into one single system many improvement initiatives and management tools that are popular among manufacturing companies, many of our most successful clients come from this industry. One area that our clients come to us for help with is determining the right KPIs (Key Performance Indicators).  Some are not sure where to start, and many are measuring so many things that their metrics are just noise, not driving action or change.

These were the most commonly used metrics for Manufacturing companies according to a survey conducted by Schenck in 2013:

Sales Quality Production/output Labor cost Delivery performance Total cost Material cost Safety Reject/scrap Equipment utilization Downtime Total cycle time

And here are some specific KPIs that our Manufacturing clients are tracking today:

Overtime Backlog, Open Orders On Time Delivery Maintain Inventory Level Safety Recordables, Near Misses Stock outs Turnover YTD Sales, Invoiced sales, Sales vs. Budget New Revenue from Existing Customers Revenue from New Customers Training hours Internal Quality, DPPM # of Customer Issues