Key indicators in a manufacturing setting
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Key indicators are numbers or ratios that are not strictly financial. For example if you work with inpatient care, the ALOS-Average Length of Stay is a key indicator. That is the average length of the patient stay in the hospital. If you are in case management it may the incidence rate, the number of cases per population of a disease or health condition.
In your organization what is the most commonly used? Are any of the indicators adjusted for quality or are they strictly quantitative?
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Solution Summary
This solution discusses the most commonly used key indicators in a manufacturing company. It also highlights if the indicators are adjusted for quality or if they are strictly quantitative.
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To answer this question, I will use key indicators that are commonly used in manufacturing companies. Most manufacturing companies strive to reduce waste within the company. For example, scrap or defective parts that cannot be sold to the customer are discarded and they cost the company an enormous amount of ...
Education
- MBA, Aspen University
- Bachelor of Science , Berea College
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