What do manufacturing companies need key figures for?

Manufacturing companies need key figures to determine efficiency and effectiveness of your production processes to measure and, as a result, improve. Here are three reasons why manufacturing companies use key figures:

1. Measuring productivity: Key figures such as the number of units produced per hour, machine utilization, and total costs per unit can help measure production productivity. The results of the measurement are evaluated, decisions are made and productivity can thus be increased.
2. Improving quality: Quality control indicators can help companies improve the quality of their products and identify production problems at an early stage.
3. Increasing efficiency: By using indicators to monitor material and energy consumption, reject rates, and downtime, companies can identify inefficient processes and take steps to increase production efficiency.