manufacturing benchmarks

Sources, and data, and insights, oh my! We live in an information era, but how do you know that what you measure actually means anything if you don’t start with a baseline? In this episode, Madi and Natan discuss their love of benchmarks, highlight the challenges of knowledge sharing in the manufacturing industry, and reflect on the growing need to break out of the limitations of a paper-based world. LINK DUMP: * Dig into “Lean Math: Figuring to Improve (https://www.amazon.com/Lean-Math-Figuring-Mark-Hamel/dp/0872638812)” by Mark Hamel and Michael O’Connor for an overview of every lean manufacturing formula you may want to know * Read Indirect manufacturing costs: An overlooked source for clear savings (https://www.mckinsey.com/capabilities/operations/our-insights/indirect-manufacturing-costs-an-overlooked-source-for-clear-savings) to learn more about the requirements for successful benchmarking * Check out Manufacturing KPIs: 40 Key Production Metrics You Should Know (https://tulip.co/blog/manufacturing-kpis-key-production-metrics-you-should-know/) for insights into the most important metrics you can measure to help transform your operations * Follow us on LinkedIn (https://www.linkedin.com/showcase/behind-the-ops) to join the conversation and find out when we post new episodes