Analyzing a manufacturing plant’s performance is not a new concept. Most manufacturing companies have at least some sort of LCD screen on the shop floor reporting actual versus goal production metrics to keep everyone on track.
While this is tremendously helpful for the production process, it’s really only one piece of the analytics puzzle. Manufacturers should be implementing a more comprehensive view to gain an advantage over their competitors.
Now more than ever, manufacturers need vertical visibility – from the shop floor to the top floor – to understand not only how their manufacturing plants are performing from an operational perspective, but also to understand the implications their performance has on the organization’s financial picture. The primary way of achieving this transparency throughout the organization is to embed analytics at every level.
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