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KPI allows measure of Overall Labour Effectiveness
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July 2007
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In the spirit of knowing that you can't manage what you don't measure, Kronos for Manufacturing enables measurement of availability, performance, and quality of the workforce.
The company has announced a new key performance indicator (KPI) that allows manufacturers to measure the effectiveness of their workforce. This new KPI, Overall Labour Effectiveness (OLE), measures the utilisation, performance, and quality of the workforce and its impact on productive output.
Kronos for Manufacturing is an offering of software and services designed to improve business productivity and profitability, increase resource utilisation, and improve compliance. This comprehensive, integrated suite addresses the challenges of managing the workforce in manufacturing with solutions for time and attendance, scheduling, absence management, analytics, labour tracking, and shop-floor data collection. The solution is supported by a focused team of manufacturing experts who deliver deep domain knowledge and industry best practices, which are critical to the successful implementation of continuous improvement projects such as Lean and Six Sigma.
Similar to Overall Equipment Effectiveness (OEE), OLE measures availability, performance, and quality. A manufacturer can improve shop floor productivity, and therefore the level of profitability, by understanding the interdependency and trade-off of these factors and managing them in real time.
“While almost every manufacturing organisation measures availability, performance, and quality, very few are measuring the interdependencies between them. OLE, supported by Kronos for Manufacturing, allows organisations to reach the next frontier in overall manufacturing performance,” said Gregg Gordon, global practice leader for manufacturing at Kronos. “OLE can show how assets and employees come together to drive great performance. It also provides actionable insight at all levels of the organisation. The true power of OLE is its ability to demonstrate how investment in the workforce can impact overall performance, and most importantly, profitability.”
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Author
Chris Rowlands
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