Maximize Your Corrugated Box Manufacturing Business with These Top 10 Must-Track KPIs
Here are the top 10 valuable KPIs that a business owner of a corrugated box manufacturer may want to monitor on a daily and weekly basis:
Production yield: Measuring the percentage of materials that are used in the production process can help identify opportunities for improvement and cost savings.
Machine uptime: Tracking the percentage of time that machines are in operation can help optimize maintenance schedules and identify opportunities for improvement.
Sales: Monitoring sales can help identify trends and optimize marketing and sales efforts.
Gross margin: Tracking gross margin can help identify opportunities for improvement and increase profitability.
Customer satisfaction: Measuring customer satisfaction can help identify opportunities for improvement and increase customer retention.
On-time delivery performance: The percentage of orders that are delivered on time. Tracking on-time delivery performance can help improve customer satisfaction and build trust.
Production lead time: The time it takes to complete a production order. Tracking production lead time can help optimize production schedules and improve efficiency.
Capacity utilization: The percentage of production capacity that is being utilized. Tracking capacity utilization can help optimize resource utilization and improve efficiency.
Raw material inventory levels: Tracking raw material inventory levels can help optimize inventory management and reduce carrying costs.
Work-in-progress (WIP) inventory levels: Tracking WIP inventory levels can help optimize inventory management and reduce carrying costs.
PackSetu ERP helps corrugated box manufacturers track and manage their operations in real-time, enabling data-driven decision-making for improved efficiency and success.
In summary, tracking key performance indicators (KPIs) is essential for the success of a corrugated box manufacturing business. Some of the most valuable KPIs to monitor include production yield, machine uptime, sales, gross margin, customer satisfaction, on-time delivery performance, production lead time, capacity utilization, raw material inventory levels, and work-in-progress (WIP) inventory levels. By monitoring these metrics regularly, business owners can gain valuable insights into the performance of their operations and identify opportunities for improvement. At PackSetu ERP, we understand the importance of tracking and analyzing key metrics, which is why we've designed our software to help corrugated box manufacturers track and manage their operations in real time. If you're interested in learning more about how PackSetu ERP can benefit your business, don't hesitate to reach out. We'd be happy to answer any questions you may have and demonstrate how our platform can help you drive growth and success.