Key Risk Indicators (KRI) for Just in time Dashboard
KRI (Key Risk Indicators) allows BI professionals from the Manufacturing area
measure and control business risks.
KRI for Manufacturing business niche
The KRI for Just in time Dashboard may address such indicators as:
- financial perspective
- total cost savings
- % material costs reduction
- % increase in revenues
- savings in inventory carrying costs
- % decrease in scrap and re-work costs
- operational efficiency
- number of on-time deliveries
- % decrease in scraps and reworks
- % increase in productivity
- first-pass yield rates
- internal processes perspective
- reduction in idle time
- % manufacturing cycle time reduction
- % increase in inventory turns
- % reduction in supplier lead times
- learning and innovation perspective
- number of new/automated machines deployed
- number of training sessions
- number of process meetings of workforce
- % reduction in new production introduction rate
Why BI and risk specialists from the Manufacturing should KRI toolkit and indicators?
Key Risk indicators allows to estimate and control business risks..
Try the KRI Toolkit from Manufacturing Estimation you will learn how to:
- build and use KRI;
- KRI: do-s and don’ts
- you'll have ready to use KRI template;
- you'll learn about practical application of KRI;
- toolkit includes KRI vs. KPI and Balanced Scorecard;
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