A recent study by the Aberdeen Group found that Best-in-Class manufacturers substantially out-perform laggards.
Duh… Of course Best-in-Class have higher yields, throughput, and profits, and are more likely to deliver product on time. Here are the stats:
|Mean Class Performance|
|On Time Delivery||97%||78%|
|Overall Equipment Effectiveness||91%||70%|
What we wanted to know is why. Why do Best-in-Class performers enjoy profits that are 25% higher than Laggards? What do they do that is different? How do they get those kinds of significant differences?
The Aberdeen Report, available here, gives a good start to answering these questions.
As a Data Head, I wasn’t entirely satisfied until I had sliced and diced the data myself. Specifically I needed to see the relative importance of the various components of good performance. What I found surprised me and opened new layers of meaning to the Aberdeen Research.
Based on this add-on research, I wrote a companion White Paper that I hope you’ll download and read: “The Role of Real-Time Data in Improving Profits and Customer Satisfaction“.
Take a look at both of these reports. Then share your comments: how do these findings fit with your experience?