Manufacturing Performance Metrics for Producing ProductsBest Practices
Delivering goods and products begins with raw materials, which vary widely by industry and manufacturing process. No matter the industry, however, all inventory must be sourced and managed. The most effective way to do so is by measuring inventory turnover.
APQC, is the world’s foremost authority in benchmarking, best practices, process and performance improvement, and knowledge management, pulled key benchmarks for this metric from its Open Standards Benchmarking database focused on the manufacturing industry. Learn more about their findings here.
Metric of the Month: Raw Materials Inventory Turns
Delivering goods and products begins with raw materials. Those materials vary widely by industry and manufacturing process, but all must be sourced and managed.Read the article