Why Should Manufacturing KPIs Be Defined Before ERP Reporting Is Built?
Direct Answer Manufacturing KPIs should be defined before ERP reporting is built because reports only create value when they support decision-making. Many ERP implementations focus on dashboards, analytics, and reporting functionality before leadership has clearly defined which metrics matter, who owns them, how they should be calculated, and what actions should be taken when performance […]
What Manufacturing Metrics Should Every Commercial Banker Understand?
Direct Answer Commercial bankers who lend to manufacturers should understand more than financial ratios. Inventory turns, yield, scrap rates, work-in-process inventory, schedule attainment, capacity utilization, labor efficiency, production variances, and equipment effectiveness often reveal emerging credit risks months before those risks appear in financial statements. While financial statements explain what happened, manufacturing metrics often indicate […]