Efficiency
Efficiency signifies a level of performance that optimises companies' processes to achieve the highest amount of output from the least amount of input.
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Asset & Equipment Efficiency
A company's ability to maximise the utility of assets and equipment that are used for production in its factory or plant.
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Inventory Efficiency
The level of optimised production to minimise the average volume of inventory required and hence, costs of excess inventory storage.
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Utilities Efficiency
The amount of energy and water consumed, and emissions and waste produced by manufacturing operations.
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Workforce Efficiency
The improved labour productivity by reducing the man-hours spent per task and/or enabling employees to perform a wider range of job functions.
Quality & Assurance
Quality and Assurance reflects a company's desire to prevent defects in its products. Excellent performance in these areas strengthens customer trust, reduces costs of replacing faulty products and establishes a stronger reputation.
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Process Quality
A company's ability to maintain optimal performance of its manufacturing processes, minimising deviations and irregularities from intended conditions.
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Product Quality
A company's ability to ensure that the percentage of defective products remains low.
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Safety & Security
Safe working environments to reduce functional safety incidents and physical security lapses, and more resilient cybersecurity.
Speed & Flexibility
Speed to market enables companies to maximise sales, and greater flexibility allows companies to adapt quickly to changing consumer demands and reduce downtime in reconfiguring production lines.
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Planning & Scheduling Effectiveness
A company's ability to respond quickly to changes in market volume demand.
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Production Flexibility
A company's ability to augment its production easily while incurring low cost.
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Time to Market
The length of time needed to develop or augment a product and deliver it to customers.