Just in time Balanced Scorecard Metrics Template
In today-s competitive business environment, quality is not the only thing that matters. Superior quality at minimum costs is what customers demand. To decrease costs, manufacturing firms have to minimize their expenditures in every field. To do so, Just in Time philosophy is just best for them. This philosophy aims at reducing costs by manufacturing and delivering goods in right quantity and at the right time. KPIs can help a lot in determining which processes support Just in time manufacturing.
Financial perspective helps to determine the various costs and savings involved in Just in Time Manufacturing processes. It consists of KPIs like total cost savings, % material cost reduction, % increase in revenues, savings in inventory carrying costs and decrease in scrap and re-work costs.
Operational Efficiency includes the measures helps in judging the efficiency of manufacturing operations of the company. The KPIs for this perspective are number of on time deliveries, % decrease in scraps and reworks, % increase in productivity and first-pass yield rates.
Internal process perspective serves as an effective measure to implement the planning of processes in such a way so as to keep the inventory of raw material, work in progress and finished goods to the minimum. The KPIs are reduction in idle time, % manufacturing cycle time reduction, % increase in inventory turns and % reduction in supplier lead times.
Learning and innovation perspective consists of measures that help in evaluation of new techniques and tools used to improve manufacturing processes. It includes KPIs as number of new/automated machines, number of training sessions and number of meetings of workforce and % reduction in new product introduction rate.
Just in time Metrics in Excel:
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Download trial version of
Just in time Dashboard.
Just in time Estimation Balanced Scoreboard is distributed
as an Excel file. Before purchase you can download a
trial version of the scorecard.
Just in time Estimation Balanced Scoreboard Excel file
contains a dashboard (see screenshots below), help information
section, Balanced Scorecard details.
- Purchase full version of
Just in time Dashboard. Immediately after your order will be processed you
will have a link to download Balanced Scorecard (BSC) Excel file and file
in
Balanced Scorecard Designer format.
- Use Just in time scorecard online with BSC Designer Online system. This SaaS solutions provides world-wide access to scorecards with any web-browser.
- It is necessary to start the design of KPIs with analysis of business problems, use Free SWOT Method Guide to perform this analysis. Check Balanced Scorecard Toolkit for scorecard designing instructions,
download Key Risk Indicators (KRI) Toolkit for risk management.
More ideas on using Just in time KPI: JIT (Just-in-time) is a Japanese concept that aims at minimizing inventory level. The reason underlying this principle is that ‘costs borne in carrying and holding inventory’ has often been found to eat up the revenues brought from it, thereby reducing the profit margins. From this stems a unique solution of getting the inputs just when they are needed. This saves the manufacturer of expenses incurred in maintaining inventory level. Ensuring that JIT manufacturing occurs is possible only with absolutely accurate ‘integration of operations’ with that of suppliers. Various IT and technological software are used to achieve this. One can keep a track on the process by framing KPI (Key Performance Indicators) for it in a manner that these are able to reflect the performance of the steps being taken. Such metrics can be collected on a management instrument called BSC (Balanced Scorecard). One can regularly take a look at those to make sure that deviations are caught before these turn awry enough to cause chaos. One can sum it by stating that BSC has come up as an effectual strategy to count and measure the steps of any given process, JIT production being one of these.
More useful information for Manufacturing Estimation:
Business Intelligence (BI) for Manufacturing - measure performance with Just in time Scorecard for Excel
We have designed Just in time Balanced Scorecard (BSC) in MS
Excel, so now you can measure and control your performance using this popular
business tool. Download
trial
version right now.
Alignment with Balanced Scorecard and KPIs is a great way to control the performance of Manufacturing.
In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use.
Use Just in time scorecard to align business performance.
Why do I need these metrics?
MS Excel files that we distribute are a
spreadsheets packed with metrics information and the performance
calculation formulas.
It's a real-business information. We
invested in research that involved experts from Manufacturing Evaluation industry who elaborated and shared certain metrics.
It's valuable, real-life experience which will help to improve the performance of your business.
I'm sure you understand the importance of measuring and controlling business using correct metrics, so this small investment will return in a great increase in sales.
To get a basic idea about what metrics to use. We learned a lot of business metrics and packed scorecard with the most successful.
To have a sample excel file, which is easy to modify to fit your needs. All Excel formulas are available for copy and change.
To start with measuring business performance. It's important to start with correct metrics, then you will be able to fulfill scorecard.
Just in time Estimation Balanced Scoreboard Screenshots

Metrics for Manufacturing Estimation. This is the actual scorecard with Just in time Dashboard and performance indicators.
The performance indicators include: 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
.
These indicators can be converted from text into the visualized view with BSC
Designer
strategy map function. Right now you can download trial version of Just in time Dashboard or purchase full version of this Balanced Scorecard.
Also, it is possible to import this scorecard into web-based balanced scorecard (BSC) software - BSC Designer Online, so it will be accessible to you and your employees with any web-browser. |
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Some Balanced Scorecard help information that explains how to interpret scorecard.
What scores and weights can be changed. |
Download or purchase Just in time Estimation Balanced ScoreboardRight now you can download a trial version
of Just in time Estimation Balanced Scoreboard or purchase a
full version online. Also, if you are interested you can subscribe to our
e-course that helps a lot with Balanced Scorecard design.
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