1 / 3

Metrics Development Process

Metrics Development Process. 1. Define the business benefit 2. Create possible metrics 3. Minimize the number of metrics 4. Operationalize each selected metric 5. Normalize each metric. Step #2 Sample -- Possible Metrics. 1. Reduced assembly time: 1. Total assembly time

talon
Download Presentation

Metrics Development Process

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Metrics Development Process 1. Define the business benefit 2. Create possible metrics 3. Minimize the number of metrics 4. Operationalize each selected metric 5. Normalize each metric

  2. Step #2 Sample -- Possible Metrics 1. Reduced assembly time: 1. Total assembly time 2. Time to find next part in assembly 3. Number of trips for refills 4. Number of empty refill bins per day

  3. Step #4 Sample -- Operationalize • Name - Total Assembly Time • Steps - • Determine the first step which begins the next assembly • Record time when first step is started • Determine the last step which ends the next assembly • Record time when last step is finished • Number - 00.00 through 99.99 • Units - Minutes

More Related