In this episode, Brett Elliot (CEO of Skillwork) and Tim Raglin (COO of Skillwork) discuss the critical metrics that manufacturing companies should measure to achieve success. They highlight three broad categories of measurement: People, Performance, and Profit.
Brett and Tim emphasize the crucial role of people in a manufacturing company and why it's essential to prioritize their well-being and upskilling. They also discuss the importance of tracking performance metrics such as Overall Equipment Effectiveness (OEE), Production Downtime, and Throughput, and how they impact a company's bottom line. Lastly, they touch on the traditional financial metrics that companies should measure to gauge their profitability.
If you're a manufacturing company looking to improve your business operations and achieve success, this episode is a must-watch.
Watch the full episode on YouTube and learn how to measure the right metrics to achieve success in manufacturing. Don't forget to subscribe and leave a comment to let us know your thoughts!
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Main Takeaways:
|🔹 3:39-4:38 - Safe Working Environments Communicate Care For Employees
| 🔹 07:01-07:55 - Company Reputation Will Impact Turnover and Retention Rates
|🔹 17:07-18:05 - Unscheduled Downtime Indicates a Need For Preventive Maintenance
| 🔹 29:36-30:35 - Instead of Measuring Everything, Measure The RIGHT Things!
| 🔹 07:01-07:55 - Company Reputation Will Impact Turnover and Retention Rates
|🔹 17:07-18:05 - Unscheduled Downtime Indicates a Need For Preventive Maintenance
| 🔹 29:36-30:35 - Instead of Measuring Everything, Measure The RIGHT Things!
Connect with Skillwork:
- Skillwork’s website: www.skillwork.com
- Skillwork’s LinkedIn: www.linkedin.com/company/skillwork
- Skillwork’s YouTube channel: www.youtube.com/channel/UCWZSf9KTuKudIm2buVFrhcw
Reach out to Rveal:
- Rveal’s website: rveal.media
- Rveal’s LinkedIn: https://www.linkedin.com/company/rvealmedia/
- Rveal’s YouTube channel: https://www.youtube.com/channel/UC69p14R2ccMdyUbbmdlWCEw