Top KPIs for VP of Production & Manufacturing
1.Production Efficiency: Measures the output per unit of input, indicating how efficiently production resources are used.
2.Manufacturing Cost per Unit: The cost associated with producing one unit of product, highlighting cost control in manufacturing.
3.Production Volume: The total quantity of products manufactured, reflecting the company’s ability to meet demand.
4.Quality Reject Rate: The percentage of products failing to meet quality standards, indicating manufacturing quality.
5.Machine Downtime: The amount of time production equipment is non-operational, affecting productivity.
6.Capacity Utilization Rate: The proportion of the manufacturing capacity that is actually used, indicating efficiency.
7.On-time Delivery Rate: The percentage of orders delivered to customers on time, reflecting manufacturing and supply chain efficiency.
8.Product Return Rate: The rate at which products are returned by customers, indicating quality and satisfaction.
9.Inventory Levels: Monitoring of raw materials, work-in-progress, and finished goods to optimize inventory management.
10.Safety Incident Rate: The frequency of accidents and incidents in the production environment, indicating safety practices.