Manufacturing

3 Ways to use Rolled Throughput Yield (RTY) to Better Your Business

As someone involved in manufacturing, you’re probably tired of dealing with inefficiency issues and product defects that affect your bottom line. But what are you doing to solve these problems? Consider this story: Walter, a Chief Operations Officer of a parts distributor and automotive electronics solutions company in Florida, recently visited several manufacturers to see if they could produce a device for his business. When he asked each project manager about their average Rolled Throughput Yield (RTY), only one had an answer. And this answer could be crucial to your business. RTY: A Quick Rundown RTY is often used in Six Sigma, the tools and techniques engineered by Motorola’s Bill Smith for business improvement in the 1980s. The official definition is “a process performance measure…

Manufacturing

Manufacturers, here are 4 ways that using BI software can increase your...

You know how the right tool for the job makes the difference. BI software is that tool. When it comes to boosting productivity for your manufacturing enterprise, it makes a significant difference. Not only does it keep your productivity discussions focused on fact-based, data-driven research, but it also encourages team members to share their broader expertise and provides clear-cut, actionable recommendations for your business. Here we’ll explore four main ways you can use business intelligence software to push your productivity to the next level: Measure it so you can manage it: If you’re not tracking your throughput, YoY sales, sales by customer, or other important metrics, how can you even begin to improve them? To enhance your performance you must first benchmark your starting figures….