ENGINEERING
Who are you tracking and where ? Everyone in a company ought to be aware of their work performance , and how it affects the business as a whole — beginning with the MD or CEO . It ’ s fairly standard practice these days for employees to have key performance indicators ( KPIs ), allowing for measurement and goal setting .
The earliest stages of digitisation allow for more accurate measurement of many KPIs at all levels in the company . In a warehouse for example , employees can use terminals or tablets to log the time taken to complete particular tasks — creating valuable performance data and revealing potential bottlenecks . It ’ s worth reiterating that simple time-related metrics like these are applicable at all levels of a business , in all departments .
Greater digitisation means more opportunities for measuring productivity . It means that tracking can take place wherever employees are — be that in the yard , in the warehouse , in the office or remotely at home . The benefits of increasing productivity in one area tend to be shared across others . Speeding work up in the yard might accelerate work in the warehouse , which may give a productivity boost to the administrative staff down the line .
How should productivity be measured ? Productivity can be measured in two ways : either by efficiency metrics or output metrics . The output metrics tend to be associated with corporate-level goals tied to finance and operations , such as profit margin and revenue . Efficiency as a metric is a snapshot of productivity within a particular time period — the time it takes to complete a task or move through different stages of a workflow .
27-year high
UK manufacturing growth hit a 27-year high in April
$ 25bn
each year could be gained in constrution with Industry 4.0
64 August 2021