To manage a process well, it's about more than just producing. It's necessary to measure how efficiently that process is producing. A process increases in profitability as it runs more efficiently (producing the same amount using the least amount of resources).
In this short blog post, we'll discuss some of the metrics or key performance indicators (KPIs) that should be available for a particular process and how measuring those KPIs can increase the profitability of your operations. And we'll discuss how you probably already have the raw data sitting there and how you can turn that raw data into actionable information.