Beth has a busy role within the business, keeping up with rapid changes in the way people consume information and emerging marketing techniques. Her task is to display LMAC’s core competencies in an honest, yet engaging way to relevant organisations. Her target is to display the fact that we have more relevant competencies and, a greater degree of experience in High-Performance Operations than the “big 4” in New Zealand.
Complete the questions below to test your data maturity.
Over the next two years, which three of the 14 key performance indicators do you most want to improve on as a business?
Make a note of these before you carry on reading.
The key 14 performance indicator categories:
Asset & equipment efficiency
Planning & scheduling effectiveness
Time to market
Time to delivery
Now ask yourself – what is your current performance against these three KPIs? Can you tell me how you performed in the last hour, yesterday or last week?
If you can’t answer this question for all three because you aren’t measuring the data, then the next step is clear. Figure out what data you need to enable you to measure it, and decide how you are going to collect that data.
If you can answer it historically; last week or last month – ask yourself, is this retrospective view sufficient for me to really make improvements?
If you can answer it for all three up to the minute, then it is quite possible that shopfloor intelligence isn’t a number one priority for you. Look out for parts 2 and 3 of this blog series for some more insights into how you can make the data work for you.