Informance recently released their latest tracking numbers for some 16,000 client manufacturing companies. How does your company stack up? We are blessed with opportunity!
“Benchmarking activities can be as simple as comparing shifts, lines and product categories. But when the benchmarking effort spans entire plants throughout the enterprise, and leverages insight from the manufacturing community, there is a shift in perception about what is realistic and possible
The highly granular and rich real-time nature of Informance EMI allows analysts to correlate attributes of best-in-class performers across a variety of metrics, and deliver meaningful insight and direction for performance improvement.
The 2009 Informance Manufacturing Operations Benchmark Study revealed that:
- Top quartile performers currently operate at 78% overall equipment effectiveness (OEE) with “best of the best” performers at 93%.
- Typical plants in the CPG industry average more than 88,100 short duration interruptions per year.
- Food and beverage manufacturers struggle the most with equipment failures, but best in class manufactures have found ways to minimize those losses. Equipment failures represent only 6% of capacity for best in class manufacturers, but they represent 16% of capacity for the lowest quartile.
- Pharmaceutical manufacturing operations struggle the most with changeovers and short, frequent stops. Changeovers on average take up 14% of capacity, compared to only 3% across all industries, which is almost five times more.
“When businesses benchmark manufacturing performance and examine corresponding strategies of best-in-class performers (lines, plants, and even other companies), they close the gap between today’s performance and what could be,” comments, John Oskin, Executive Vice President with Informance International.
