Best in class measure more often
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Manufacturing News, Source : The Manufacturer US
Published : 18 Jul 2006 11:38
Manufacturing performance correlates directly with frequency of measurement, according to recent research.
The Manufacturing Performance Management Benchmark Report, published today by Aberdeen Group, found that 84 percent of respondents were still using spreadsheets and ad hoc performance monitoring, despite the availability of technology solutions. Best in class companies, however, were more than twice as likely to deploy IT solutions, particularly for planning, execution and control. And the more often they measure, the better they tend to be.
Lean manufacturing techniques are embraced by over three quarters of respondents, but best in class enterprises are now placing more emphasis on collaboration with customers and suppliers. While customers continue to look for lower prices, demand for shorter lead times has now become the number one pressure.
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