Articles, Making Decisions Under Duress
You may think this subject is crass and not appropriate for the COVID-19 times but give us a second of your time to explain. The economy has taken nose-dive and your manufacturing business may be taking on water faster than you and the crew and bail it out. However,...
Articles, Making Decisions Under Duress
As our economy begins to open back up after COVID19, you need to think through how reductions to your manufacturing capacity impact your ability to reduce expenses, manage cash flow and be profitable in the long term. You see, the problem isn’t as simple as your...
Articles, Making Decisions Under Duress
Unfortunately, we think many businesses will need to think through how they reduce their operating expenses (including staff layoffs) to remain solvent and viable for the long term during these COVID19 times. Now, if you know us, you know that we gravitate towards...
Articles, KPIs Metrics and Dashboards
In this 5th and final installment on our job shops dashboard series, we’re talking dashboard buzzwords. I’m sure you’ve heard the buzzwords that are taking industry by storm: data driven decision-making, industry 4.0, industrial internet of things, digital...
Articles, KPIs Metrics and Dashboards
In this series on dashboards we have examined the benefits of dashboards for job shops and the key operational measures and financial KPIs that your dashboard should include. In this article, we’re actually going to do something different. We’re going to discuss the...
Articles, KPIs Metrics and Dashboards
We’ve previously discussed the benefits of dashboards for job shops and the operational KPIs you need on your dashboard. We now want to review the financial KPIs you need on your dashboard to help you assess the financial performance of your shop. The first three...
Articles, KPIs Metrics and Dashboards
We’ve previously discussed the benefits of dashboards for job shops. We now want to examine what are the 4 key metrics that should be on your dashboard to help you assess the operational performance of your job shop. It’s likely that many of these example operational...
Articles, KPIs Metrics and Dashboards
Metrics and key performance indicators (KPIs) are an essential part of managing and tracking the financial and operational performance of any job shop. Dashboards are a visual presentation summary of these key metrics so you know how you’re doing at a glance. A...
